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John S.

Contributor Level

Total Points
102

1 Review by John

  • Nomad Capitalist

9/24/20

The goal I had was to remove myself and my business from the UK tax system and have the freedom to travel while running a zero tax structure. This is exactly what happened.

After going through the NC process I ended up with a plan that although I could have possibly done it myself I think NC saved me years of trying to figure it out on my own.

I will say though, don't expect things to be easy. This is not really a service where you pay X amount of money and everything is done for you a few months later.

Why?

Well, laws and situations change constantly. 2020 has taught us that if nothing else. And let's be honest, unless you're in a zero tax jurisdiction no country genuinely wants you to pay zero tax.

You're stitching together many different countries laws to get the desired outcome.

Therefore, what you're trying to do will be constantly met with roadblocks that were not there before. You have to be prepared for this and when things change (which they will) you need to be OK with it.

I'd also say you must have an interest in the offshore tax world yourself. That way when you're asked to set up a "random" bank account in Georgia/Armenia you know exactly the rationale behind this and you won't freak out.

An offshore tax structure saves you money, yes, but be aware that you're also making things much more complicated for yourself compared to a standard setup. You need to decide if this process is something you're genuinely OK with going through to get your end result. If it's not worth it to you then move on and don't worry about it.

Below are a number of additional things NC helped me out with while working with them:
- Andrew personally came along on a day-long property tour I had in KL.
- I connected and I am now friends with other high net worth Entrepreneurs setting up their plan. Something I recommend as it can be tough going it alone.
- I had many offshore questions unrelated to my actual plan which NC helped me with.

With NC you're ultimately getting access to their network along with being pushed in the right direction to attain your goal.

If you have more questions please comment on this review and I'll do my best to help you out.

John Has Earned 22 Votes

John S.'s review of Nomad Capitalist earned 22 Very Helpful votes

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