Latin America vs. Asia Residence Permits

Latin America and Asia are two the most popular parts of the world for Nomad Capitalists to get a residence permit and spend time there. Today Andrew breaks down all pros and cons of each region and shares which one is the best for expats.

00:00 Start
1:48 Investment
3:38 Taxes
5:03 Lifestyle
6:19 Stability
9:02 Flexibility
9:43 Citizenship

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".

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.

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.

[Somatic]

Great video as always Andrew! I would love to see more videos from you continuing to talk in depth about the different options in Latin America (particularly Mexico, Panama, Costa Rica). I think there are a lot of individuals like myself out there right now who don't necessarily have a massive net worth, but are still looking at getting that second residency as a way to hedge against the increasing political risk present in places like Canada, Australia, and western Europe.

[ericeverson]

Shocking to hear you mention Uruguay:) Loved it.

[ryankane]

for me it is six months in Colombia and six months in Mexico, alternating every year. Tourists visas.

[jonathanp]

I would be interested in hearing about countries that are open to homeschooling for those of us with families.

[ericeverson]

Really dig the pictures in Tbilisi:) Sweet. All the best, Andrew.

[jaws]

1. For me I love the ease of getting into Latin America. Time zones are very similar to the USA, good real estate laws for foreigners and multiple paths to citizenship. For South America even if you don't get citizenship but permanent residency you can still visit many South American counties easily. For the things I want Latin America is a better choice. I can also speak Spanish and this does help with interactions with getting things done.

2. For me though I like Asia the best in terms of people, culture and food. Even though I can speak Spanish I just like the lifestyle over in Asia more than Latin America. Also the ease of traveling in southeast Asia in particular. The issue I have is how closed off they have been during this pandemic to their permanent resident holders and many passport holders abroad. Also I do not like like restrictions they have on foreigners and in particular owning land. If you're not ultra wealthy maybe a person can get into vietnam and i would like to hear more about that country here but the others have a higher buy in.

[mycelliumoftheworld]

Interested in Brazil and Cambodia. Thanks for your content

[wonderingwade]

Stuck in Bangkok now, definitely interested in going to Medellin soon

[m.t]

Hello Andrew, can you do a same kind of video for Asia VS
East Europe.
Thank you. 🇺🇲

[brandonjoseph]

In my opinion, there’s one thing that puts Latin America way ahead of Asia. That’s curves, smooth curves.

[jasonlim]

can we hear more of Cambodia, Thailand or Taiwan?

[keithrichard]

I am going to Medellin, Colombia next week for a 2 week holiday

[jpn]

Would love to see a Kyrgyzstan episode. One of my favorite countries, and with a very attractive tax regime.

[mattball]

Balkans seem still underrated in many areas

[bobnewell]

I was planning for a few years to move to the Philippines. I got rid of debt and built a small nest egg in crypto and researched many properties to purchase, in my Filipina wife's name. Now, I am leaving for Mexico's west coast in 4 days and will be a perpetual tourist / temp resident for the foreseeable future until I can afford a second passport in the Caribbean.

[dalethepalemale]

As I start to take action, I'm realizing how decisive you really have to be. I had to narrow down my options and say no to many interesting opportunities that you present on this channel.
It would be cool to hear stories of nomads who take action on multiple things at a time, but doing just a single residence permit in Europe is quite a lot of effort and time.

[DawnDelVecchio]

Thailand’s elite visa options - is love to hear more of your perspective on these for those of us who like Thailand. Thanks!

[MR-zyff]

Vietnam. Thanks again NC for all your help!

[jvp]

Can you talk about Chile more? I know they used to be a go to and have changed drastically recently but is it still a viable option

[redabencharif]

When will you talk about real estate in Brazil like you said few months ago?