The Expat Money Show - With Mikkel Thorup cover image

184: Your Offshore Escape Plan: Securing True Freedom

The Expat Money Show - With Mikkel Thorup

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What Are the Differences Between Citizenship and Residency?

I think it would be good to go over, let's say, the differences between citizenship and residency. The only country that ever renounces their citizenship is the united states. Thousands of people around the world are renouncing their us Citizenship. A lot of that happens because ther which is called anchor babies. You just deregister yourself from that country. You show that you are now a tax resident somewhere else. I mean, personally, i don't agree in a lot of taxation. But at least if i'm going to ataxes, i wanted to go towards a service that me and my family are actually using.

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