Building a Lasting Legacy through Bucking Traditional Investment Practices, as demonstrated by Nomad Capitalist
In the world of high-stakes investing, proper due diligence is crucial to avoid costly mistakes and unforeseen risks. At Nomad Capitalist, they specialise in guiding seven- and eight-figure investors and entrepreneurs towards jurisdictions where they're treated best, adopting a holistic approach to offshore planning.
Their advice to potential clients is straightforward: ask yourself key questions before considering a new investment. Is there real underlying value? Does it align with your personal goals and risk tolerance? What do the experts say? Are you in it for the long haul?
Nomad Capitalist steers clear of investment trends driven by speculation and FOMO, instead focusing on tried and true solutions. They believe that chasing trends can be detrimental to your long-term financial health and instead focus on building personalised strategies that align with your specific goals.
One of the key benefits of Nomad Capitalist's services is their ability to help clients uncover the 'unknown unknowns', saving them money and time. They understand every worthwhile residence and citizenship-by-investment program and apply this knowledge to their clients' unique circumstances and needs.
The offshore world offers opportunities to improve lifestyle, lower taxes, and grow businesses through residence and citizenship by investment programs. For instance, Dubai, with almost complete tax exemption on income, capital gains, and wealth, offers a high standard of living and various residency options. Italy, on the other hand, offers a flat tax regime ("CR7 rule") allowing foreign millionaires to pay a fixed annual tax of €200,000 for up to 15 years, attracting thousands of wealthy migrants.
However, it's important to note that not all programs are equally good, and what works for one investor may not work for another. For example, some US citizens moved to Puerto Rico because of its fashionable crypto and hedge fund investor appeal, but the bear market in cryptocurrencies left many without the financial upsides they were banking on. Similarly, the hype around Estonia's e-residency program led to costly mistakes due to confusion between 'e-residency' and physical residence.
Nomad Capitalist has assisted more than 2,000 successful clients in creating their own 'Plan B', growing their wealth, and increasing their peace of mind. They offer services for legal offshore tax reduction, financial diversification, international living, and Plan B residence and citizenship under one roof. They have helped clients move to 31 tax-friendly countries, open bank accounts in 48 countries, get residence permits in 38 countries, and obtain citizenship in 28 different countries.
In the face of pandemic policies, some people flocked to Dubai, hoping to find a solution to their specific situation. However, the jurisdiction had nothing in particular to offer that would help their unique circumstances.
In conclusion, Nomad Capitalist focuses on personalised strategies that suit individual circumstances, rather than promoting trendy jurisdictions or programs. They advise against blindly investing in second citizenship just because it's trending. Instead, they encourage investors to consider their personal goals, risk tolerance, and long-term financial health before making any decisions. The digital nomad visa countries compete for location-independent freedom seekers, and the offshore world offers a wealth of opportunities for those willing to do their due diligence.
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