Mikkel Thorup

Mikkel Thorup, an expat consultant and CEO of Expat Money, shares invaluable insights on creating an international 'Plan B.' He highlights Latin America as a viable option for relocation due to its shifting political climate and economic opportunities. The conversation dives into the benefits of obtaining a second passport, navigating U.S. tax implications, and the essential components of residency and property ownership. Mikkel offers practical tips for integrating into local cultures and avoiding the expat bubble, along with info on the upcoming Expat Money Summit.

Guest Mikkel Thorup discusses the benefits of living, investing, and thriving in Panama, including the diverse lifestyle options, rapid development of Panama City, and the importance of tax efficiency. He emphasizes the significance of physically visiting a place and having a backup plan when engaging in internationalization. The advantages of living in Panama, such as the territorial tax system and flexible residency programs, are explored. A forthcoming event in Panama from January 22 to January 28, 2024, is highlighted.

Mikkel Thorup, the world's most sought-after expat expert, delves into the rising trend of expatriation amid current socio-political chaos. He discusses the benefits of multiple citizenships and offers insights on countries like Panama and Uruguay for a fresh start. Tax strategies for Americans living abroad are examined, including the Foreign Earned Income Exclusion. Personal anecdotes highlight the transformative power of travel, and the importance of community connections is emphasized for a successful relocation.