Global Citizen & Expats

You surely have seen movies where a person, after doing a crime, runs to a foreign country, and the cops aren't able to do anything about it. What do you think of this scenario? Why can't cops go and arrest the criminal who ran into another country? This is all because of the no extradition treaty. The United States is known as the land of opportunity, with its history of innovation, wealth creation, and material comforts. Indeed, its economic growth has been a powerful force in the international sphere. However, it would appear that not all countries share this spirit of openness and economic opportunity. However, many different countries have refused to be part of an extradition treaty with the US. So if a person commits a crime in...

Uruguay is the richest country in South America and redefines the area as one of the most modern jurisdictions. It has a liberal approach and a well-developed social security system. The healthcare system is just as good, not to mention the education. In terms of business, Uruguay offers 0% income tax if the income is generated from other sources but Uruguayan. With these thoughts in mind, it is no surprise why so many business people choose Uruguay – not just for business, but also to live there. Visiting Uruguay – What to expect Relocating to Uruguay is one thing, and visiting as a tourist is a different thing. Obviously, you cannot move to a different country without experiencing the local lifestyle first – the best way to do...

Lately, there has been a huge shift of interest of every American towards shifting to this tax-friendly nation, Puerto Rico. From businessmen looking to expand or someone finding ways to save taxes, Puerto Rico is now everyone's choice. As a result, it has made significant appearances on the pages of some top magazines like GQ and Forbes as new tax heaven. One section that is particularly more interested in settling here are the businesses going offshore. Of course, the first thing that any business owner looks for before taking his business offshore is the tax liabilities of that country. This is exactly where Puerto Rico proves to be an angel with almost zero tax rates. However, before shifting, you need to understand if there is any...

Andorra is one of the smallest countries in Europe. Until you are into finances or offshore business, you might have heard about it around football qualifiers – it never manages to make it to a final tournament. Other than that, Andorra is a great choice for those who like tranquil tourism. Less than a decade ago, Andorra became a popular choice for investors because it promoted a 0% income tax. Basically, this is one of everyone’s main dreams – keeping all the money that you work for so hard. Unfortunately, big sharks from the EU had to get involved in order to control capital, so Andorra was forced into bringing in some sort of an income tax. But then, it was kept to a minimum – just 10%, so it was still one of the best countries...

Over the years, collecting different passports and citizenships from different countries has seen rapid growth. There are many amazing perks associated with having multiple citizenships across multiple nations worldwide. There are many scenarios in both the personal and professional life of a person were having second options can come in handy. Although dual citizenship is a legal concept, the number of countries that allow it diminishes. This is because countries are looking to promote nationalism to unite the country under one flag. Only 10% of all developed countries allow citizens to hold more than one passport. Some notable exceptions are Switzerland, Israel, and Singapore. It's always best to check with the country's embassy...

You want to travel around the world and make money on the go – it sounds like a dream come true for many. However, in a constantly evolving age of technology, it makes perfect sense these days. To keep it simple, imagine a freelancer. An experienced freelancer or a self-employed professional offering online services can actually do that, and the truth is many of them do. But then, what happens with taxes? Which jurisdiction do you stick to for a bank account? The same questions come when you think about your residency. This is where things can get messy – in fact, this is what needs planning. There are, indeed, lots of possibilities. While this is a good thing, it could also be quite confusing for most people. Fortunately, a little...

Located in the Caribbean, Barbados is mostly associated with white sand beaches, crystal clear waters and luxurious holidays in the middle of nowhere. However, the country is also a popular choice for those interested in a more stable financial system. The coronavirus pandemic has seriously altered its economy due to the travel restrictions that prevented pretty much everyone from coming over. In order to recover, the government has introduced a Barbados digital nomad visa – the opportunity to live in Barbados, while working for a company abroad. The program is known as the Barbados Welcome Stamp and was released in the summer of 2020. Barbados was the first country in the Caribbean to provide access to such a visa. Others followed...

Slovenia has never been among the economically attractive countries of Europe, but things have changed over the past few decades. When you think about the country, you inevitably associate it with Eastern Europe and the exposure to the Russian influence. The truth is – for many years, Slovenia was actually under the eastern shade in terms of politics. However, these days, Slovenia is a solid choice of investment and an excellent opportunity for foreigners. It is part of the European Union, and it feels as advanced as its western neighbors. With these thoughts in mind, more and more people turn to Slovenia for citizenship – or at least residence. In fact, the Slovenian service is even better than what you can find in other countries...

Living in a heaven with beautiful beaches, crystal clear waters, friendly people and away from stress, traffic and everyday worries – it sounds like a dream for many, but a bit of work can turn this idea into reality. There are lots of Grenada offshore opportunities out there, and there is always room for more. Located in the Caribbean, the island is known for its unique beaches and holiday opportunities, as well as its local banking system. It sounds unusual, but this is how many exotic countries manage to become wealthy overnight – providing opportunities to high net worth individuals. Grenada makes no exception either – it aims to attract successful investors and business people with its relaxing getaways. Now, apart from the...

A high life expectancy is not necessarily about the possibility to live longer because of genetics. Instead, it has something to do with the comfort you live in, the possibility to enjoy a healthy life and have little to no stress. It also means that you can gain as much as possible from each opportunity. Most of the world's population does not live in such countries, though. Then, lots of people are not even bothered about it, but if you analyze the concept a little, it could definitely put you off. If you truly care about your family, moving abroad might be the way forward. Planning everything takes time and lots of attention, but at the same time, you probably ask yourself – where should I go? Moving overseas is not as simple as...

Whether you are planning to build your future in another country, retire, diversify your assets or start a business, residence by investment is the quickest way to gain residence abroad, without having to go through a plethora of procedures. At the same time, lots of countries have different programs to provide residence, and obviously, each of them comes with its own requirements and eligibility criteria. If you are after a Chile investment visa, here is everything you need to know. But first, a few words about residence by investment programs… In some circles, the residence by investment program is referred to as a golden visa. Such programs are normally aimed at high net worth individuals, yet regular individuals can also come...

It may seem hard to believe, but there are people out there who have no clue that you can have two or more passports – two or more citizenships. Indeed, you can be a citizen of more than just one country, and while it takes some effort, it does come with a bunch of benefits. These days, anyone can get a second – or even a third – passport. It is no longer a thing of the past or science fiction movies. More and more investors, business people, and even regular individuals look for the opportunity to become global citizens – gaining nomad citizenship. What citizenship actually means Citizenship is given by a particular country. As a citizen of the respective country, you gain access to a plethora of privileges and rights – the kind of...

The idea of the perpetual traveler is possibly centuries old. In the modern world, however, its meaning has somewhat solidified. The perpetual traveler is generally a high-earning individual such as an entrepreneur or seed investor who finds it more profitable and acceptable to not be locked down in a single country. Perpetual travelers, more often than not, have more than two countries they are familiar with. Building upon this, Harry D. Schultz proposed the Three Flags Theory – essentially a philosophy detailing that you are more likely to save on taxes and live better if you have a second passport and an address in a tax haven, apart from the primary country of residence. This idea was then picked up by numerous others and...

Interested in living and working from an exotic destination in the Caribbean? The idea has never been more approachable, regardless of your plans – it could be a historic city in Europe or a quiet island in the middle of nowhere. Freelancers or digital nomads have always dreamed to travel the world and work on the go – after all, you only need a laptop and an Internet connection. How difficult can it be? But then, working from a different country while on a tourist visa is not technically legal – even if no one can actually check you. Tourist visas are quite limited and will rarely give you more than 30 days – at times, you may get up to 90 days in particular countries. You cannot always renew them – instead, you may need to leave for...

People who work all over the world have to deal with all kinds of legal dilemmas. They try to figure out where to pay their taxes, reduce them, or what country provides better deals. The so-called digital nomads can work anywhere, anytime – but which is the best jurisdiction? Just like any other visa, the digital nomad visa is practically a legal authorization. It legalizes your right to live in a particular country without working for a local company. Just like a tourist visa, the digital nomad one is relatively simple to get. There are a few general requirements, and one of them implies proving that you are independent and can sustain yourself for the duration of the stay – whether with payslips or a fat bank account. You basically...

Digital nomads used to be considered the luckiest people in the world – work online and travel around the world as you do it. With the recent coronavirus pandemic, more and more people turned to work from home, and it actually worked well. Homeschooling also became an option, so the trend is no longer about digital nomads, but about digital nomad families. Some people do it for the joy of traveling while working. Some others do it for financial purposes. Get a good accountant, find out more about tax residency and perhaps start a small offshore company as you travel anyway – come up with a strategy, and you will save a fortune. Now, the necessity of a visa could be a bit of an issue. Different countries offer different types of...