“Where do you pay your tax?”
This could be one of the most important questions that a banker will ask you when opening an offshore bank account and all because of one regulation: the Common Reporting Standard (CRS).
CRS has been created in order to facilitate automatic information sharing about foreign financial accounts between more than a hundred member countries.
However, there are still some countries that are not applying CRS and they indeed are good choices for offshore banking, e.g. Georgia, Armenia, Serbia, Cambodia, Paraguay, and even the United States.
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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.
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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.
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