Is There A Company Like Nomad Capitalist For The Regular Joes?

[Maddox]

I wish I made 7 figures because I'd love to hire Andrew Henderson to put a plan in place for me to both live overseas and do more with my money. Of course, I don't qualify for his services because I don't make the 7-8 figures he requires from his clients.

So...does anyone know of a company that offers these strategies for the little guys where they will:
1. Give you a list of choices of countries to move to based off of your business and life goals
2. Instruct you step by step on how to move to a country and obtain a visa there
3. Offer assistance in other areas after you move to your new country

 

[Cynllo]

I wish I made 7 figures because I'd love to hire Andrew Henderson to put a plan in place for me to both live overseas and do more with my money. Of course, I don't qualify for his services because I don't make the 7-8 figures he requires from his clients.

So...does anyone know of a company that offers these strategies for the little guys where they will:
1. Give you a list of choices of countries to move to based off of your business and life goals
2. Instruct you step by step on how to move to a country and obtain a visa there
3. Offer assistance in other areas after you move to your new country

This is something I've done myself. I don't think you need a consultant. I could offer a few tips. Send details by PM if you don't want to post them here.

Useful would be -

Net worth (liquid, illiquid)
Annual income
Age
Percent of income that is salary and capital gains
Preferences of how you'd like to live

 

[Seth_Rose]

^^Agreed. You could probably crowdsource the info here.

There are probably some consultants out there, but I don't think there is anyone with as big a following who would fit your budget.

 

[Cortés]

I wish I made 7 figures because I'd love to hire Andrew Henderson to put a plan in place for me to both live overseas and do more with my money. Of course, I don't qualify for his services because I don't make the 7-8 figures he requires from his clients.

So...does anyone know of a company that offers these strategies for the little guys where they will:
1. Give you a list of choices of countries to move to based off of your business and life goals
2. Instruct you step by step on how to move to a country and obtain a visa there
3. Offer assistance in other areas after you move to your new country

I think this approach is backwards. Figure out places that you want to scout out, visit them and research immigration processes, and then make the leap. Your ideal country on paper might be Romania for example cause of low taxes, religion etc etc. But the day comes that you visit and the locals arent friendly, your visa falls thru, you hate the smells of the city etc. Some godless mason like Andrew could give you a million reasons that you should go to country A but there are non-measurable, immaterial considerations that factor into where you are meant to be. In general if theres a few countries that you have a pull to or a reason to pursue, I think a solid plan can create itself.

From what Ive heard, most people who pay 20k for a basic custom plan get the same Georgia/UAE/Ancestral Country combo. Unless you are paying big money, you get a copy paste plan that anyone could devise after binge watching his videos. I will say Im a big fan of his content more towards lifestyle planning, but he's selling something 99.9999% of his viewers dont need. I usually put his videos on in the background while I do my work. I already have a pretty solid plan in action that involves second citizenship, residency, tax breaks etc that went more of in the direction I described; I spend slightly less than 6 months in the country that I like living in, slightly less than 6 months in the country that I have Citizenship by descent which happens to have tax incentives and a tax treaty with US.

Pms open if you want to hear my personal input on the specifics of your situation

 

[Cynllo]

From what Ive heard, most people who pay 20k for a basic custom plan get the same Georgia/UAE/Ancestral Country combo.

UAE is the gold standard in most cases. Having access to good banks is very good, and in a trusted business jurisdiction may be useful. I.e. many people don't like to deal with companies in Panama or St. Kitts. At least one bank in UAE keeps 50% of reserves, while most banks are at 10-16%.

I think the cheapest UAE company setup would be about $5k/year all inclusive, I.e. including cheap health insurance.

They also do freelance visas, which you might be able to get for less than $2k/year from Ajman Emirate.

Another option is buying real estate. For $250K there is a basic one and about $600k you can get a 10 year one. Then you can have the property managed as a vacation rental. You are looking at 7-8% / year, but right now some people are making 15%. I think it's a good idea if you can buy one in a crash. You could always lock in 25% going forward. No need to live there. I don't, but all my banks have my residency as UAE.

For income more in the region of $50-100k, Georgia is a good option.


The Isle of Man and The Channel Islands are good options if your income in capital gains.

 

[Blade Runner]

The info is fairly obvious and like Cortes says, you have to scout out the places you could even remotely see yourself in.

I'm wondering what people think about amount of money saved and/or supplemented by whatever income, will be required in the next 10-20 years, if you wanted to "retire" into that new country, but still (sorta) work.

 

[yuzhnytech]

Why don't you go and actually live in each country on your list first? If you can't afford that, you need to be more serious about personal finances first. If you can't make it in a western country, no way you'll be able to in a third world country.

Actually living somewhere is totally different than being a tourist for 6 months. Watching YouTube videos will just mislead you.

Also are you fluent in any other languages? If you speak English, you'll be an eternal low status foreigner in some countries but in others it would be a plus.

 

[Blade Runner]

The info is fairly obvious and like Cortes says, you have to scout out the places you could even remotely see yourself in.

I'm wondering what people think about amount of money saved and/or supplemented by whatever income, will be required in the next 10-20 years, if you wanted to "retire" into that new country, but still (sorta) work.

Bumping this because no one gave a guess, though things might be changing in the world soon anyway. What number would make you much less worried about "working in the future" though you still could, and probably would do it.

 

[BURNΞR]

Check out offshore banking forums

 

[cosine]

UAE is the gold standard in most cases. Having access to good banks is very good, and in a trusted business jurisdiction may be useful. I.e. many people don't like to deal with companies in Panama or St. Kitts. At least one bank in UAE keeps 50% of reserves, while most banks are at 10-16%.

I think the cheapest UAE company setup would be about $5k/year all inclusive, I.e. including cheap health insurance.

They also do freelance visas, which you might be able to get for less than $2k/year from Ajman Emirate.

Another option is buying real estate. For $250K there is a basic one and about $600k you can get a 10 year one. Then you can have the property managed as a vacation rental. You are looking at 7-8% / year, but right now some people are making 15%. I think it's a good idea if you can buy one in a crash. You could always lock in 25% going forward. No need to live there. I don't, but all my banks have my residency as UAE.

For income more in the region of $50-100k, Georgia is a good option.


The Isle of Man and The Channel Islands are good options if your income in capital gains.

The UAE seems to me like a sandpit where you spend 95% of your time inside, there are a few gigantic dystopian malls, and the 1% of materialist people. Supercars getting covered in dust, generally a spiritually broken place. If you appreciate nature at all, it's got to be one of the worst places on earth where humans live.

We complain about how broken the West is, but compare that to a nice town in France for example, and you couldn't pay me to live in the UAE.

 

[BURNΞR]

UAE setup is decent if you already have tons of money and want to cash out. Georgia is a much cheaper option but I heard next year their banking secrecy deal (non-crs) is getting cancelled.

Either you have a location independent job or a ton of money (let's say at least 500k?) if you want to look into this. After that you can start going through the list of countries and narrowing the options available.

 

[cosine]

UAE setup is decent if you already have tons of money and want to cash out.

It's a barren desert where few people would live if not for oil, and now hideous skyscrapers. Why would you WANT to be there?

 

[Cynllo]

It's a barren desert where few people would live if not for oil, and now hideous skyscrapers. Why would you WANT to be there?

As a comparison:

UAE:

<5% total tax burden, only tax you'll be paying is 5% on import/sales tax
Sodomy is illegal and not promoted
No overt sexualisation
High end apartments/homes for 10-20% of the value if they were in another major city, e.g. NYC, LA
Theme parks, water parks, many attractions, beaches
Very good law and order
Increasingly crypto friendly
Generally easy to move money in and around the country
Doesn't consider you a tax serf
Easy and cheap to move your Latin wife (for example) into
Lots of churches
No social justice nonsense, blue pill nature to society - not a society that is saturated in lies you have to pretend to believe


US:

~50% total tax burden; maybe paying the value of your home in property taxes before you've paid off the mortgage
Sodomy is rife an promoted
Lots of sexualisation, including of children
Homes are often unaffordable
Lots of attractions, varying by location, but with risk from various ferals
Law and order often on par with the worst countries in the world
Crypto friendly, if you are paying huge taxes and filing reports on yourself
Difficult to move money in and out of the country - barred from many financial servics outside of the US
Global tax dragnet
Difficult and expensive to move your foreign wife into, despite having a de facto open border allowing in all kinds of goat fiddlers
Lots of churches
Lots of social justice nonsense, blue pill nature to society - you have to pretend you believe things you don't

For most cases, if you have a net worth of a few million or more, UAE is the gold standard for extricating yourself from the system. Maybe you want to live somewhere else, but still have your finances rooted there.

 

[Stadtaffe]

The UAE seems to me like a sandpit where you spend 95% of your time inside, there are a few gigantic dystopian malls, and the 1% of materialist people. Supercars getting covered in dust, generally a spiritually broken place. If you appreciate nature at all, it's got to be one of the worst places on earth where humans live.

We complain about how broken the West is, but compare that to a nice town in France for example, and you couldn't pay me to live in the UAE.

Have always thought the same thing. Changed flights many times in Dubai and deliberately never got off there. The airport itself is offensive full of very bright lights. But it is true, low taxed places or zero tax places are becoming few and far between and I am sure you can make a nice life there as many other posters point out. Just that some of us are too tied to Europe and have to contend with what is available there.

US:

~50% total tax burden;

Had no idea the USA taxed as high as that that's ever higher than the high tax places in Europe! Always thought it was much lower taxed in the US compared to Europe..

 

[Blade Runner]

Is El Salvador the next best hope for the western hemisphere's Dubai corollary?

 

[Cynllo]

Had no idea the USA taxed as high as that that's ever higher than the high tax places in Europe! Always thought it was much lower taxed in the US compared to Europe..

Total taxation in the US is about 45%. Similar in the UK and Germany. Some countries in Western Europe are 50-55%. But if you have a high income in the US, you may be paying 50%+. I don't know what it's like in the US, but in the UK, the actual tax someone earning minimum wage pays is about 15% of their income. Lots of higher earners filling the gaps.

Is El Salvador the next best hope for the western hemisphere's Dubai corollary?

Looks like it. And hopefully better. I can see myself ending up there. At least for the short-term, before bedding down for what is to come.

Interesting how quickly things can change in the world leading ******** country. As Bukele says in his very good interview with Tucker, regarding American cities,

No one could cause such problems unless they were trying.

 

[Cynllo]

No one could cause such problems unless they were trying.

 

[Easy_C]

I wish I made 7 figures because I'd love to hire Andrew Henderson to put a plan in place for me to both live overseas and do more with my money. Of course, I don't qualify for his services because I don't make the 7-8 figures he requires from his clients.

So...does anyone know of a company that offers these strategies for the little guys where they will:
1. Give you a list of choices of countries to move to based off of your business and life goals
2. Instruct you step by step on how to move to a country and obtain a visa there
3. Offer assistance in other areas after you move to your new country

Nomad Capitalist is for "regulat joes". He's targeting CryptoCurrency "wealthy" because they're the kinds of people dumb enough to pay for a service you can do yourself for a fraction of the cost with an in-country lawyer.

 

[Cynllo]

 

[cosine]

Total taxation in the US is about 45%. Similar in the UK and Germany. Some countries in Western Europe are 50-55%. But if you have a high income in the US, you may be paying 50%+. I don't know what it's like in the US, but in the UK, the actual tax someone earning minimum wage pays is about 15% of their income. Lots of higher earners filling the gaps.

In the US if you are making minimum wage or similar, you are in the 10% tax bracket. You also get kickbacks like the Earned Income Tax Credit which says that you have to actually work but then you'll get several hundred bucks back.

Maximum tax rate is officially 37%, but you add state income taxes, social security and medicare, employer side of social security and medicare, then consider sales tax, capital gains... it is hard to get an accurate number for the top rate in the US, but it isn't low. Once you hit a really high income, something like $600k, you start losing deductions like the mortgage interest deduction on your primary residence.

For lower earners, I do think socialists and whatnot are correct about one thing: sales tax is effectively "regressive" and taxes them higher, since a poor person's needs are more likely to be focused on simple consumer goods and not things like houses, which don't incur sales tax.