Myths About Offshore Trusts and Citizenship

Asset protection and personal freedom are two things that any Nomad Capitalist values. That's why offshore trust and second citizenship have been popular strategies for years. There are still many myths about how people used those two strategies together. In this video, Andrew debunked some myths about offshore trusts and citizenship.

00:00 Start
00:52 Offshore Trusts & Second Citizenship
- St Kitts and Nevis
- Citizenship by Investment
- St. Kitts & Nevis Citizenship
- Caribbean Second Passport
- Are Offshore Trusts Safe?
- U.S Court And Offshore
04:27 How to Protect Your Assets From the Government
- Offshore Company in Panama
- BVI Offshore Company
07:18 Open Offshore Bank Account in St Kitts and Nevis
08:36 St Kitts And Nevis Passport
- Cost of Living in Saint Kitts and Nevis
- Is it expensive to Live in St Kitts?
- How Much is a St Kitts and Nevis Passport?

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.

[crookedh]

Being that I’m from St. Kitts descent will be moving there in retirement

[OneEyedLion]

Offshore trusts are for offshore assets. That makes sense.

[alfinal]

Yeah, don’t try to trick the rigged game. Leave and play a fairer game somewhere else.

[thegalavantingbachelor]

You are the best at hard to find information. Thank you.

[kapochi]

With the G20 pushing for minimum corporate tax at 15%, how is the offshore strategy affected?

[johnM-Jr]

No, 150k for citizen in st kitts. Good info.

[Steph_FX]

Hi Andrew, are you taking South Africans as clients? I did email you last year but a lady said you are not taking SA citizens yet.

[nathanbrown]

Myth: Every country will treat it's citizens better compared to resident/non-resident foreigners

Alternatively, which countries should you actively not try to become a citizen or PR of? (Which countries will treat foreigners better than citizens). Conversely, which citizenships are so good that the prohibition of dual citizenship is perhaps tolerable. (Singapore for example)

Would love a video on your views on this! For example,

- Countries with Citizenship Based Taxation, or different taxation rules for residents / non-residents.
- Countries that use domincile? Any countries which really apply a very harsh test of 'resident taxpayer' on nomads who are citizens/PRs of that country?
- - - You mentioned in a previous video that Japan had a strange income policy for citizens/residents, could you comment on what this policy is?
- Countries with Conscription
- Countries that desire foreigners so much that there are [usually temporary] tax benefits for them (kind of the first point) (eg Taiwan Gold Card)
- Countries that make it easier for foreigners to enter university compared to locals (Korea / Taiwan; I believe it is sometimes cheaper as well? Relevant for those with children)
- Countries with protectionist industries sometimes give foreigners a better 'deal' on importing a car (either permanently or temporarily)

[boeing]

Can you sight a case where a US court has forced A beneficiary to order a trustee to do a task also can you say a case where the government put somebody in jail regardless of ownership service of the asset

[jamesburke]

Andrew, great video as usual. I have a question for you. The UK recently (like in the past week) has got rid of its golden visa program because of the numbers of Russians that have utilised the program and the current tensions over the Ukraine. Is this something you see other countries doing? Obviously certain countries such as the US have worse relations with Russia than others, but do you think it’s likely that other countries will get rid of golden visa programs because of Russian citizens using the program?

[lvdeluxe]

Liquid assets are what offshore structures are designed for.

[admindesk]

for Andrew, Andrew, on behalf of my team and your many viewers, are there ANY countries in Europe -- from Portugal in the west, to Georgia in the east, that would accept an Retired American with annual Residency, merely on proof of ongoing passive income, be it Pensions, investments, etc. Inflation is destroying lives for millions of Americans who could manage to live quite nicely in some countries based on monthly income alone. The problem for so many is the upfront cost. For these millions of people, paying fees in the tens of thousands as a "donation" is out of the question. Clearly, so many in this condition are not going to be your paying clients. The good news is that you still can profit by their ongoing viewing of your channel. So hopefully, everybody wins! Happy Days! Thanks for your consideration.

[ezechinedu]

INDEPENDENT OF FEDERAL REPUBLIC OF BIAFRA 28/09/1982

[kennethroth]

Charles Bronson has multiple trusts for his compies