Tension Escalating between the US and Venezuela, Moving to Panama City and Malaysian Taxes

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Sep 12, 2025

Javier Correa, known as the Tax Terminator and a speaker at Nomad Capitalist Live 2025, shares his insights into the escalating tensions between the U.S. and Venezuela and their impact on personal freedom. He discusses his move to Panama, highlighting its tax-efficient paradise offerings and lifestyle benefits compared to Malaysia. Correa delves into the geopolitical landscape, emphasizing how current international dynamics affect small nations and the importance of strategic tax planning for financial independence.

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ANECDOTE

Traveling Amid Venezuela Tensions

Javier describes escalating U.S. naval presence near Venezuela and personal travel from there to Kuala Lumpur.
He says airports and work still function and he travelled using his Venezuelan passport and U.S. visa.

INSIGHT

Why Panama Works Beyond Taxes

Javier prefers Panama because its territorial tax system excludes foreign-sourced income from taxation.
He also cites cultural fit, USD usage, and immigration simplicity as key non-tax reasons.

ADVICE

Use Territorial Residency To Cut Taxes

If you earn mainly foreign-sourced income, become a tax resident in a territorial jurisdiction like Panama.
Doing so can make your foreign income not subject to local tax.

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For this special edition of the Weekly Report, we come to you from Kuala Lumpur as we are ramping up for Nomad Capitalist Live 2025. But before we kickstart the event, we are sitting down with one of the guest speakers. Our very own, Tax Terminator, Javier Correa. We'll be discussing the ongoing tensions between America and Venezuela and how it has impacted Javier's freedom of movement. Panama City and why he decided to move there. As well as taking a deeper dive into the differences between living in Latin America and Southeast Asia on a tax level.

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