The Price of Citizenship...

Is your citizenship costing you more than you realize? Find out how citizenship-based taxation could be holding you back. [image]() Hi {NAME}, What’s the real cost of holding onto your citizenship? If you’re a US citizen or have dual citizenship, you’ve probably heard about citizenship-based taxation. The U.S. taxes its citizens no matter where they live, and it’s a model other countries are starting to consider. You could be paying a high price without even knowing it. While most countries use a residence-based tax system (you pay taxes where you live), the U.S. operates differently. It doesn’t matter where you live or how long you've been gone—you’ll still owe taxes on your worldwide income. And that’s not just for citizens. Green card holders and others under the substantial presence test fall under the same rules. So, what does that mean for you as an entrepreneur or investor? It means that even if you move abroad to lower your taxes, your U.S. passport could still be costing you more than you think. You could be taxed on income you’ve never brought into the country—income earned thousands of miles away that never touches American soil. Yes - this is frustrating. And other countries are starting to pay attention to this model. In fact, France has floated the idea of taxing its citizens the same way—no matter where they go. This means even if you’ve packed your bags and moved your business halfway across the world, your home country might still come knocking, asking for a piece of your earnings. And then there are other countries that are now imposing taxes based on residency, ties, or time spent in the country, even if you don’t live there full-time. Others use systems like remittance-based taxation, where foreign income is taxed if you bring it into the country. As an entrepreneur or investor, these are things you need to consider before you make your next move. We’ve worked with countless clients who were caught off-guard by surprise tax bills after relocating. Want to know how to avoid this? It starts with having a plan. At Nomad Capitalist, we help seven- and eight-figure entrepreneurs and investors design a strategy that lowers taxes and protects their wealth. You can start by diversifying your citizenship. If you qualify for [citizenship by descent](, that’s a way to get a second passport at little to no cost, while opening up new doors for your wealth and future freedom. It’s one of the most affordable and strategic ways to gain second citizenship, and it can ensure that no country controls your financial future. And, if you want to get started on a plan right away… [START HERE]() In Freedom and Prosperity, The Nomad Capitalist Team = = = [Update Email Preferences]( | [Unsubscribe]( Nomad Capitalist Limited 2301, 23F Bayfield Building 99 Hennessy Road Wanchai Hong Kong +1 (979) 966-6623