Newsletter Subject

How Offshore Lawyers Speak (and how I almost blew a ton of money)

From

nomadcapitalist.com

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help@nomadcapitalist.com

Sent On

Wed, Aug 3, 2022 03:30 PM

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{NAME}, I was recently sitting in business class when the flight attendant handed me something inter

[image]( {NAME}, I was recently sitting in business class when the flight attendant handed me something interesting. It was “The Report”, a 200-page long, $200 annual report published by a prestigious business research firm on emerging markets. The Report covers all aspects of a given country's economy (in this case, Colombia) and explains developments in each sector of the economy. It features interviews with high-level politicians and CEOs in the country, and is written by some of the smartest people on earth. And while this pricey guide was an interesting read, I have to admit... I didn't get much value from it. The information was cool, but short of wanting to invest in my own oil pipeline, I'm not sure what the next step for me was. I imagine most other people would feel the same. That magazine featured blah-blah interviews with government officials that left me frustrated that I didn’t gain any valuable insights. Over the years, I've found that many people feel the same way about going offshore. The first thought many people have when wanting to reduce their taxes or get a second passport is "I need to call a lawyer" or "I need to call an accountant". [image] Lawyers and accountants are smart, but there are two typical problems: - They only focus on one area. Good luck trying to get your US international tax expert - a rare enough bird to start - to advise you on taxes in a new country, too. - They don't speak "entrepreneur". I’ve hired so many people who might as well speak to me in Swahili, because what they say is so littered with buzzwords that - much like that magazine - it’s of no real-world use to me. There was a time that I thought I would have “made it” when I could hire a Big Four firm. After hearing frustrations about big legal and accounting firms, my COO explained it to me: managers at big corporations hire these firms to cover their rear ends when they make decisions, not to really accomplish anything. And that’s when I realized: lawyers and accountants are trained to "color in between the lines". It’s why so many clients of ours have said their own professionals told them not to bother going offshore, even when there are 100% legal and easily applicable strategies to reduce tax and increase freedom. I’ve seen this myself. When I left the United States, my old accountant - who worked for one of the top small business firms in the country - tried to tell me I didn't qualify for the Foreign Earned Income Exclusion. Had I listened to him, I would have overpaid my taxes by a substantial amount. I literally had to fight him until he realized "oh, yeah, you do qualify". D'oh! That’s why I’ve spent years developing our network of experts around the globe who can help our clients with one piece of the puzzle. I’ve used these experts for my international plans, and now I share an entire network of hard-won experts with the clients we serve. It has taken me years of working with some of these experts to get them to understand the needs of people like you and I, and it’s how Nomad Capitalist came to refer to ourselves as the “general contractor” for your 100% legal tax, financial, and lifestyle plans. Quite simply, we manage people you might not want to manage on your own. I learned the long and hard way that the legal and accounting world differs from country to country. Sometimes it can help to have someone translating it all. If you have questions about your international Plan, please reply to this message and we’ll be happy to help, or at least point you in the right direction. Yours in freedom and prosperity, [image] [image](=) = [Unsubscribe]( Nomad Capitalist LLC Kidnah, Block A Plot 4 Fujairah, Al Fujayrah United Arab Emirates (the) +1 (979) 966-6623

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