How I Pay Taxes in Five Countries

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In this video, we debunk common myths about managing taxes across multiple countries and clarify the differences between citizenship-based and residency-based taxation. We explore how Americans uniquely face citizenship-based taxation, while other nations have varying rules for tax residency and obligations.

00:00 Start
00:15 Common Misunderstandings: Paying Taxes in Multiple Countries
00:37 U.S. Citizenship-Based Taxation vs. Other Countries
01:09 Tax Strategies: Foreign Earned Income Exclusion and Business Setup
02:10 Example: U.S. Rental Property and Tax Filing
03:25 Residency vs. Citizenship: Understanding Tax Obligations
04:41 Tax Residence Examples: Saint Lucia vs. Italy
06:06 Emerging vs. Developed Countries: Tax Residence Rules
06:21 Practical Tax Planning Tips for Nomadic Lifestyles
15:06 Simplified Tax Systems in Some Countries
15:47 The Impact of Business Ownership on Taxes

Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."

Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.

Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.

If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.