How Do Banking and Tax Laws Affect Dual Citizens? | #OneMinuteNomad
https://www.nomadcapitalist.com
How do banking and tax laws affect dual citizens? Is a second passport a "get out of jail free" card?
Dual citizens have a lot of privileges, but that second citizenship won't stop your tax or reporting obligations, particularly if you're a US citizen.
That's because your government likely views you as their citizen only. They may tolerate your other passports, but as far as they're concerned, you still have all of your obligations.
A second passport is a tool to use actively or as a Plan B; it's not a way out of taxes or legal obligations unless you renounce your first passport.
-------
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".
Work with Andrew: https://nomadcapitalist.com/apply/
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/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
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.
Видео How Do Banking and Tax Laws Affect Dual Citizens? | #OneMinuteNomad канала Nomad Capitalist
How do banking and tax laws affect dual citizens? Is a second passport a "get out of jail free" card?
Dual citizens have a lot of privileges, but that second citizenship won't stop your tax or reporting obligations, particularly if you're a US citizen.
That's because your government likely views you as their citizen only. They may tolerate your other passports, but as far as they're concerned, you still have all of your obligations.
A second passport is a tool to use actively or as a Plan B; it's not a way out of taxes or legal obligations unless you renounce your first passport.
-------
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".
Work with Andrew: https://nomadcapitalist.com/apply/
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/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
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.
Видео How Do Banking and Tax Laws Affect Dual Citizens? | #OneMinuteNomad канала Nomad Capitalist
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
We Sold Out Our Biggest Event EverHow to Live in Three Places and Save TaxesWhy Not All Passports are Created EqualMy $301 Hospital VisitWhat is an Ultimate Beneficial Owner? | #OneMinuteNomadHonduras vs. Panama #PassportWarsNon-CRS Banking CountriesThe Difference Between Residence and CitizenshipHow to Build Financial SecurityHow to Plan for the Next 50 YearsWhy You Should Leave Your Country NOWShould Expats Move to Costa Rica or Belize?How to Become a Multimillionaire Overseas (It’s Not Tax Savings)How to Open an Offshore Bank Account as a US CitizenThe USA’s Revenge (It Could Cost You Money)Six Tax Friendly Caribbean IslandsMy Best Reasons to Move OverseasThe Little-Known Greek Tax Loophole7 “Uncorrelated” Plan B PassportsWhere Nomad Capitalist is Incorporated. And Why.The Most Underrated Country