The Best Countries to Live, Incorporate, and Be a Citizen

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So, what is Flag Theory?

If you’ve spent any time here at Nomad Capitalist, you know that we talk about the concepts of internationalization, like having an offshore bank account, obtaining a second passport, and even hosting your website overseas.

Flag theory encompasses those ideas and more.

Put simply, Flag Theory is the idea that you should “go where you’re treated best.”

The goal is to diversify your personal and financial affairs so that no one government has control over you or your money.

Every time you base a part of your life in a new country, you plant a “flag” and diversify according to factors of geography, finances, law, lifestyle, taxes, business, health, politics, investment, and more.

In this video, Andrew shares the best counties to live, incorporate, and be a citizen.

00:00 Start
0:27 Global Lifestyle
1:58 Countries to Start a Business
7:38 Moving to Another Country
8:11 Moving to Ireland
8:45 Moving to Asia
10:05 Citizenship by Investment
11:48 Citizenship By Descent

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.

[onnasun]

This video cleared up my thoughts on where I should go. Excellent information.

[anafernandes]

Portugal is my country, but it's sad to see that it's a nicer country for new comers than for its own citizens 💔

[larrymuir]

HK is the world's most expensive place.... rents etc.

[lornerightz]

What are the best countries to start and produce an alcoholic beverage brand?

[samerethsalliman]

I was born in Cambodia. Immigrated to the USA a long time ago. Now an American Citizen. Cambodia is more aligned with Mainland China interest not with the United States. Is it a good idea to get dual citizenship with America and Cambodia?

[thomassorheimdanielsen]

I am surprised Andorra is getting very little attention on the channel. Sure, it is a tiny country stuck between France and Spain (78K people). But 10% tax, practically crime-free, 4, 5% VAT, excellent education for your kids, great health care. Not everyone wants to sip margaritas on a beach in the Bahamas or live in an exclusive high-rise in Georgia, Serbia, or Dubai. Some people, I assume, would love the lifestyle of Andorra with nature all around, fantastic skiing in winter, hiking and biking in summer, and all the great things France and Spain offer a short drive away. Yes, you will need to stay there 90-180 days a year, depending on your visa, but I believe many people could have a great life in Andorra.
In short, why don't you tell us a bit more about Andorra?

[carolinavarela]

Portugal is such a friendly country it s the only country that china accepts partial dual citizenship with. Individuals born in macau to mixed portuguese-chinese heritage never have to give up dual portuguese-chinese citizenship. It s the only exception.

[pinkstone]

Dubai (UAE) is uninhabitable place for human life.
The Sun is too Hot 🔥🥵 in Dubai.
And Especially the Middle East is not a good place to Live in.
You have to stay indoor all year long 24 hours a day indoor in air condition.

[krncaps]

Mexico City, Panama City, Cayman Islands, Dublin, Lisbon, Valletta, Sofia, Belgrade, Istanbul, Yerevan, Tblisi, Dubai, Kuala Lumpur

[alcraig]

A US citizen is required to file US taxes annually no matter where they live. Starting a business overseas adds complications as well.

[MichaelGolpe]

When I’m ready, you’re definitely getting my call.

[davidmacgown]

Andrew I remember you saying in another video that It's fairly easy to get an Irish passport especially if you have Irish ancestry. Well, I would certainly qualify. I would strongly consider moving there also as it's one of the safest countries in the event of WW 3.

I just heard that you have to have a family member living there tp qualify via ancestry to get a passport. Is this true?

[modern.performer]

Great input as usual 🤝🏼 firm handshakes! What's your take on Bali and their 5y tax free program for Digital Nomad & Entrepreneurs?

[Steveleecomedy]

Can you make content about a few of the countries you mentioned about their international school system?

[jolly]

Great content! Andrew definitely knows his stuff. Nomad Capitalist very much offers specialty services though, a boutique consultancy, as he describes it -- not for the faint of heart, obviously. For many of us, traveling to another state or city to visit relatives for Thanksgiving is scarcely doable. Can only imagine what it would be like to offshore a business or one’s entire life. If this is something you are bent on doing, it seems like this channel would be your best bet for getting you where you will be treated best, given the vast knowledge and experience of Andrew Henderson.

[leo]

Don't start a business in Italy, there is literally no benefit compared to other countries. As an Italian, our country is the best in the world, but just for a tourist or for who's born rich.

[samuweljon]

If I buy property in Albania will I get residency permit? How many years is that residency permit good for?

[terryj]

So all countries if you have a lot of money lol where really for work people go to Tokyo, London, Singapore and Hong Kong and nyc. Lol

[petercharles]

Australia...flors fauns economy and nicest people

[limitlessbeliefs]

Do you guys assist in opening bank accounts aboard or do you strictly deal with the citizenship or residency process?