There are several ways for you to pay less tax, more precisely from 0 to 10%, by going offshore:
00:42 – You can try going to some of the zero-tax countries, like Monaco, UAE or Vanuatu, but that may be harder than usual, as you would need a lot of money to invest;
1:38 – Next option is going to low tax countries, such as Montenegro, Panama, Bulgaria, or Georgia, where you are obliged to invest in real estate or open a company, but significantly easier than in the first case;
3:11 – Countries with territorial tax, mostly the ones in southeast Asia and Latin America, which means you will just have to pay tax on your local income there;
4:46 – Having a non-domicile status – may be the least possible and the least interesting option;
5:32 – Going to countries that are applying the lump sum taxation, e.g. Switzerland.
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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.