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The Nomad Capitalist Audio Experience

Would like to become a global citizen and legally pay less in tax, build a freedom lifestyle, and create wealth faster? Here at Nomad Capitalist, we believe that you should "go where you're treated best". That means using strategies like offshore companies, offshore bank accounts, legal tax reduction, dual citizenship, high-yield international investing, cryptocurrencies, and low-tax living to keep more of your own money and design a life you love. These strategies - when used correctly - are completely legal for Americans, Australians, Brits, and Canadians. Nomad Capitalist works exclusively with six- and seven-figure entrepreneurs and investors who want to become global citizens living the good life.
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Jul 2, 2015

There are so many new service based business ideas that will produce quick and easy revenue in the emerging markets of Southeast Asia. If you are considering starting your own business you need the advice of someone who looks at personalized, unbiased opportunities and can offer insight to the business and residency requirements in these markets. And if you are looking for tax exempt opportunities, Puerto Rico may not be your best option due to its controlling entity, the U.S. Government. Guest David Feldsott, talks of networking in Colombia and how his competitors aren’t the big travel companies.  

 

Key Takeaways:

 

Andrews Editorial:

[1:46] Mastermind event in July

[3:08] Upcoming E-Commerce boom in Asia 

[3:30] Add value to the local market to really be successful

[5:34] There is a wide gap in serving local markets

[7:50] Emerging economies are looking for ease of service

[10:41] It’s a bad idea to try and start a new business in the U.S.

[11:30] Reduce your business tax through Labuan 

[12:06] How do you bring in quick and easy revenue

[13:40] Target niche ecommerce opportunities

[13:50] Uber, a logistical fix for inefficiencies

[16:05] Western leaning locals with cash

[16:45] The Nomad Society is developing businesses

[17:27] 3 day workshop for 10 people to help build your online business

 

Interview:

[22:26] No low cost air carriers in Latin America

[23:25] From DC but I wanted to be an entrepreneur

[24:38] I put money away for travel and to start my business

[25:49] Relationship based business in Latin America

[26:46] Responsive Service requires a 5x’s the upcharge

[28:06] Colombia is central to the America’s and has a tech community

[31:06] Integrating Airlines in the future

[32:52] My competitors are not the companies you would think

[34:45] Legally incorporated in the United States

[36:30] Tech startup money still comes out of the U.S.

[37:56] A big fish in a little pond in Colombia

[40:31] I’m really not a pickup artist! 

[40:56] FB and Meetup groups helped me find people 

[41:52] The Nomad Society loves Medellin. Private members have an event in November 

 

The Lightning Round: 

[42:22] One business - Apartment Rental Service

[43:05] One country - Australia 

[43:40] One book - Never Eat Alone, The Hard Thing About Hard Things

[44:25] One tool - Rescue Time

 

Listener Question:

[46:40] Mannie wants to know Andrew’s thoughts on moving to Puerto Rico for tax advantages.

[46:58] For Peter Schiff it may be a good option. For average people, Andrew doesn’t like it. 

[48:55] Moving to Puerto Rico is not cheap

[50:00] The U.S. maintains control over Puerto Rico

[51:33] 183 days a year is the “stay” requirement

[52:44] Foreign Earned Income Exclusion outside of the US

[53:35] It may be a stepping stone but not a final solution

 

Mentions:

Forget China, There’s An E-Commerce Gold Rush in South East Asia

Uber

Nomad Capitalist

PanTrek

Meet Up

Never Eat Alone - Keith Ferrazzi

The Hard Thing About Hard Things - Ben Horowitz

RescueTime

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