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Offshore Markets & Dual Citizenship, How to Pay Less Tax - Interview with Mikkel Thorup

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Rob is in conversation with Mikkel Thorup, Number 1 best-selling author of ‘Ex-Pat Secrets’, host of the Expat Money Show podcast and director of Escape Artists.com the world’s oldest offshore website.

They discuss how Mikkel has been in perpetual travel for over twenty years and has travelled to over 100 countries and in doing this has circumnavigated the globe more than 400 times. With such extensive knowledge as a global citizen, Mikkel offers great insights into the communities of the world and shares great advice on how and why you should move your money offshore to reduce tax.

Mikkel also shares some great offers for the Offshore Escape Conference, listen in, enjoy and learn.


Sign Up For MSOPI Here: https://bit.ly/msopi-nomad


KEY TAKEAWAYS

  • An ex-pat is someone who lives outside of their country of origin and often lives in more than one country.
  • An offshore market or jurisdiction is anywhere outside of your place of birth and they share particular advantages – very favourable tax laws with low or zero tax and strong asset protection laws.
  • There can be large tax benefits from having a second citizenship. The quick way – make a donation to a country in exchange for citizenship and the passport that comes with this.
  • Live in the country for an extended amount of time and after 5 years apply for citizenship.
  • The lucky method is being born in a country and growing up in a different one or if your grandparents or parents were born in a different country.
  • If you have your business online and you work out of western Europe you will be paying 40-50% of your revenue in taxes.
  • Ultimately everyone is the same and want the same things to be safe, have a roof over their head and be able to provide for their family.
  • If you want to diversify your portfolio and own properties in different currencies then this is a great time to invest.

 

BEST MOMENTS

‘All the places I have lived have a special place in my heart’

‘I actively find ways to reduce your tax and I do this by moving your money offshore’

‘As a libertarian, the 2 tenants I follow are ‘do not encroach on others and do what you say you will do’

 

VALUABLE RESOURCES

The Property Nomads Website

https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017

The Property Nomads - Stitcher

Buy To Let: How To Get Started – By Rob Smallbone (Amazon)

Landlord Today website

Expat Money Show

Escape Artist website & Bookstore : Your promo code: 20NOMADS (this code will give you 20% off of bookstore products)

Expat Secrets by Mikkel Thorup

ABOUT THE HOST

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight and enjoy the ride that is life.

 

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