Where Nomad Capitalist is Incorporated. And Why.
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- เผยแพร่เมื่อ 17 ก.ค. 2022
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We have talked about deciding on when to incorporate your online business. It's essential to create a formula for finding the best country for YOUR online company incorporation Because what's works for one person may not work for you.
In this video, Andrew answers comments from viewers about where Nomad Capitalist is incorporated and why he chose that place.
0:49 How to Set Up an Offshore Company
2:56 Company Registration Hong Kong
4:19 Americans in Hong Kong
5:11 UAE Business Setup
8:33 Business in Australia
10:08 How to Build a global Company
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
About Andrew: nomadcapitalist.com/about/
Our Website: www.nomadcapitalist.com
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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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Tax is not always the problem - the real problem is the constant anxiety/stress/hassle of record keeping to ensure that you pay the correct tax, as well as the interest/penalties/fines for late payment.
Tax is the problem for me, as an accounting firm we will have CPA's working for us so the reporting and filing and record keeping "IS" our job, it's what we do, so that is not a concern.
That's why you hire accountants
That’s what accountants are for!! 🙄
@@user-un1ci7cq1e yes, sometimes i have better info that my accountant
That's when you know you need a good database with automations.
Transfer pricing studies for staffing companies is a big part of any international business tax plan now.
Heh, I remember reading this comment a few weeks ago or so. It's a good thing that you're reading people's feedback even if it's negative. Keep it up!
Thanks for making the great videos I really enjoy watching your content about living in other countries and going where you’re treated Best.
Beautiful painting in the background
Thank you.
Very informative video. Great content. Thanks for sharing with those us who are only (happily) multi-thousandaires.
Go Where You're Treated Best
Crete safety, food security and life style, my fav!
Your TH-cam channel is the most valuable on here
Thank you Andrew
Well said!
UAE doesn’t have a “good weather”, it’s not bad in the end of year but now it is blazing hot, I’ve been in UAE since the beginning of June. I used to live in California and Las Vegas and many states in the mid west and although the temperature was higher by the numbers, the feel was never this hot.
Last time I was here it was November last year, the weather was great then.
I don’t think I’ll stay in UAE during summer in the future since I’m a perpetual traveler now.
As a traveler, are you from the US? I'm will be traveling FT.... but I want to set up a llc or similar, and pay little taxes.. etc
May I ask what you do for a living? I want to aspire to be like you. Pennsylvania guy here
I really like your jacket! Would be awesome if you could let me know the brand/model/color or any info on it. Oh...and of course, great content! :D
I am on Tourist Visa to DISCOUNTLAND so kindly suggest how to get Citizenship to Discountland
Hey Andrew....when do you guys move to the UAE?
Could you please do a video similar to this but from the perspective of a company which has investors in different jurisdictions?
Curious as the founder of a startup on the standard VC track...
UAE is looking good!.. . For now.
When is mars passport opening up?
I saw Singapore once on your website as the headquarters. You did not mention it in the video. How come?
He currently has multiple businesses...
UAE is part of IBAN-system for payments, also Qatar Kuwait Bahrain Saudi Arabia and what not.
should be easy to move money to you :p perhaps not as fast as with SEPA (the posh "EU+friends" part of IBAN), but still :)
Decentralized finance ftw
I think the 9% corporate tax is applicable to UAE Freezone companies if they do business within the Emirates.
What if my income comes from Canada. Do we still pay tax in UAE?
You have a company registered in UAE. You invoice a client in Canada & get the funds into UAE company's bank account. In this case, the amount will be taxable in UAE. The 9% corporate tax is applicable to all entities, Freezone, Offshore or Onshore.
What are your thoughts on the Isle of Mann?
i just formed a c corp in new york i don't know if its a good idea
Now Still HK is better to open company as foreigner? how about Singapore company formation
1hong Kong
2 uae
My God Hong Kong or URE "no bloody independent judiciary" is only a slight problem!!
Someone asked me this week what I would do if I won the lottery. One is at 900 million currently. I said.. I'd call Andrew Henderson! LOL! I've seen what happens to lottery winners.. so no no no! Andrew to the rescue. Sadly.. didn't win. :D Surprised?
Exactly; copycatting is not the way to go. Also, "very unique" makes no sense; something is either unique (one-of-a-kind) or not. Just say "unique".
Andrew where might a new online bootstrapped service company ready to launch go for general advice regarding long term planning so as not to make costly mistakes at an early stage? I am in Canada but open to going where I am treated best...within 2 yrs we should be doing $3-5M and at almost 50% tax here is not it. There is still time to change things as we have not opened the doors. I am in my 60's and have had success previously as an entrepreneur.
You know he won't tell you this unless you hire him on his website...
I know someone who is in the same stage as you are.
What kind of service company? The answer would depend on factors you need to consider like your company type, your target market, where your employees are, where you want to live, etc.
Your answers to these would determine the location/s where you need to find specialists/tax lawyers to consult with.
It could be UAE, Asia, Latin/Central America, Eastern Europe, or a combination of these.
That’s his business and it would take major amounts of his staff time to answer. Would you give your product free to random internet correspondents? No, you would not. Hire the guy if you need advice.
Find an accountant that hates Trudeau so they can help you pay the least amount of tax possible. lolol. My friend is a multimillionaire and he paid $3,000 in taxes last year. Do it legally of course and there are ways. Wealthy people don't pay alot in taxes.
Incorporate anywhere with no or low corporate taxes. Like UAE, Cyprus, Hungary etc.
Maybe you should downsize to 6 countries your tax structure system
Marshall islands type corpos are ideal for crypto ppl. They dont need banks
I know you were incorporated in Hong Kong at the time you trademarked Nomad Capitalist as a brand with the USPTO.
Perhaps other lazy people who think he was hiding something could do a little research themselves as well.
i want to be offshore. on-shore sucks
When are you going to help 4 and 5 figure entrepreneur?
Probably never, they charge fees which would be significant for that level of wealth.
You put too much foundation 😂
It’s literally in the Panama Papers😂 Go look it up. He’s in the BVI
🔺
First
why don't incorporate the business in sain kitts and pay 0 tax ?
I really value idea's, but spelling is a big thing:) Peace.
Hire an AI tax system 😮then say it the fucking computer problem when something goes wrong