Nomad Capitalist: How to Stop Paying Taxes

Founded in the year 2008 by Andrew Henderson, Nomad Capitalist is your one-stop solution for all things financial freedom.

It works primarily for entrepreneurs and investors who want legal and holistic strategies to reduce their taxes and in turn, increase their wealth.

Nomad Capitalist offshore financial planning helps you expand your wealth with a plan tailor-made for you.

It takes care of all the legalities that come with growing your money offshore in countries that have lower taxes.

Not only do you save a huge amount of cash, but this entire idea makes you a global citizen and investor.

With more money comes more freedom to invest it all, or do the philanthropic work you have been putting off because after paying those hefty taxes, you are hardly left with anything.

In that case, Nomad Capitalist is your way out of the taxpayer’s hamster wheel.

Before I show you exactly how NC works, let’s get to know the man behind the plan.

Just like everyone else, Henderson also started with the American dream of making money and finding his footing in his country.

At 22, he dropped out of Arizona State University to put in more hours at his startup.

By this time, Andrew was already making more money than he had set out to make.

After his initial success, Henderson managed to run his business on autopilot and travel the world, For business purposes and otherwise, he was spending just six months in the States.

But he was still paying taxes in full, and they made up approximately 43% of his entire income.

What was left after the taxes was reinvested into other projects.

Suffice it to say, this is what led to him creating Nomad Capitalist.

So if you are going through this taxman’s punching bag scenario, just like Andrew did, you might be wondering if there’s a smarter way out.

Andrew has travelled the world to research different offshore strategies and procedures that would help him save money.

The journey hasn’t been easy or inexpensive, but he managed to reduce his taxes from 43% to a mere 1% in the past decade.

And unlike him, Nomad Capitalist helps you get started easy with tailor-made strategies and recommendations for your unique situation.

It all comes down to a custom-made nomad strategy consisting of three steps.

These strategies help seven and eight-figure entrepreneurs/solopreneurs/investors keep more of their money to themselves and become citizens of the world.

The official book, Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments, gives you a peek in the lifestyle of Andrew Henderson, and answers all your questions about global business, tax strategies and going for that second citizenship.

Keep in mind, while the book does explain the basics, you’ll also get specific advice about:

Personally, I find the book to be a great read if you’re interested in increasing your wealth by reducing your taxes, especially for beginners.

If you’re already in the stage where you’re ready to make decisions, it might be better to consider other Nomad Capitalist services.

Investing in real estate is one of the most best ways to grow your wealth.

If you sign up for the Nomad Capitalist Real Estate Masterclass, you’ll get the opportunity to visit their office for four days, and learn from the attorneys, agents and accountants who will be doing the groundwork for you.

From figuring out which market is emerging right now, to ensuring you get yourself a great deal, this team does it all.

Nomad Capitalist Live is a four-day annual conference for people who are new to Nomad Capitalist and want to learn about:

This is their flagship service, supervised by Henderson himself. It caters to individuals who earn more than US$ 300,000 per year, or have a net worth of more than $1 million.

They’ll create a custom-made plan for you, keeping tax planning and financial freedom in mind.

They’ll also help you with optimizing your growth, immigration, and investments.

Personally, I think this is very handy if you don’t want to go through thousands of different laws and regulations yourself.

This way, you’re getting a team of experts to help you along the way, which can significantly streamline the way you work.

Again, Andrew Henderson will be supervising everything but your CRM is responsible for handling all the nitty-gritty details of setting up offshore accounts and saving up on taxes.

This plan is for clients whose net worth is more than US$10 million.

For example, Greg Kingdon, the owner of a mining services company is an Australian national.

By the time he expanded to six countries, he was paying a lot in taxes, despite his company’s structure.

With Nomad Capitalist financial planning, he cut down his taxes to almost a seven-figure sum in savings.

So if you’re not earning seven or eight-figure sums, then you might find the costs too steep, and the savings too marginal.

Fortunately, there are alternatives to Nomad Capitalist.

The first thing you can do to increase your wealth is reduce your costs.

This is really the best thing you can do if you’re just starting an online business, or if you’re not generating significant revenue (yet).

Systeme.io is an all-in-one platform that leaves hundreds and thousands of dollars in your pocket by replacing different marketing tools:

If you’re already a digital nomad and you want help with your taxes, then Bright!Tax can help a lot.

Their blog is always fresh, and they offer plenty of valuable advice for minimizing your tax bill as an American citizen.

You can also contract their CPA services, similarly to what Nomad Capitalist offers.

Escape Artist is another company that offers offshore financial planning.

They offer a great blog and podcast as free resources, as well as books that will help you understand how offshore business works.

If you’ve found them to be a good fit, you can contract their services: