The Expat Money Show - With Mikkel Thorup 084: Rethinking Offshore Investing: Why Americans Should Be Open – Mark Nestmann
WHAT WE DISCUSSED IN THIS INTERVIEW:
- Negative View Towards Offshore Investing: US citizens often have negative attitudes about living and doing business overseas due to lack of travel experience and media portrayal of tax evasion.
- Tax Havens: The USA is seen as the largest tax haven due to FACTA and lack of information exchange. Many Americans abroad face higher taxes and banking challenges.
- Living Abroad: Despite higher taxes, many Americans move abroad for unique opportunities and personal reasons. Popular destinations include Canada and Mexico.
- Challenges: Cultural adjustment and logistical challenges are common for Americans relocating abroad.
- Tax Filing: Only a small fraction of Americans abroad file tax returns, raising concerns about tax evasion. Options exist for those who haven't filed.
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My interview with Mark Nestmann from the Nestmann Group was extremely educational. I’ve had several interviews that delve into the topics we discuss, like, why Americans have negative views towards offshore investing and overseas bank accounts. I always find it fascinating how different my guests are and how they explain what they know about these topics. I know you’ll find these topics very helpful in you are an American living overseas.Mentioned in this episode:
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Join Us For Upcoming Live Webinars
Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.
Into The Amazon—Then Straight To The Beach
This year, I’m taking a private group into the Amazon rainforest—then we head to Fortaleza and explore Brazil’s booming Northeast coast. Think Amazon river cruises, beachfront developments, and wide-open opportunity. From the heart of the rainforest to pristine beaches most people only dream about—this is bucket-list meets Plan-B strategy. If you’ve ever wanted to see the real Brazil and scout investments along the way, this is it. Go to ExpatMoney.com/Brazil.