Sailing around the world on a boat, catamaran, or yacht is a dream of many seeking personal freedom on the high seas. But it could be a KILLER for your offshore tax plan.
Living overseas offers the opportunity for tax planning, with many Nomad Capitalists who pay zero or low tax rates.
However, while tax-free countries, territorial country tax residence, tax non-residence, and other tax planning strategies can help you save a fortune in taxes as a nomad, being a sailor might negate all of that.
We’ve seen several examples of this in our years helping people reduce their taxes. If you plan to spend your time sailing, there are special tax planning strategies you’ll need, whether you’re a US citizen or the citizen of another country.
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world’s most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to “go where they’re treated best”.
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: https://nomadcapitalist.com/about/andrew-henderson/
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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.