Nomad Capitalist Audio Experience

Andrew talks on the importance of planting digital flags and creating extra security measures to protect your business from possible domain seizures. The US believes all .com addresses are theirs and subjected to US law and taxes. The same can be applied to servers that are hosted on US soil. What should you do and what are the pros and cons if you were to host your website offshore? All of this and more on today's episode of The Nomad Capitalist Live.

Key Takeaways:

Andrew's Editorial:

[1:55] Where should you host your website and register your domain?

[4:05] If your servers are located in the US, you might be subjected to tax on your business.

[4:40] What are the pros and cons of hosting in the US?

[7:30] Pros and cons of hosting your website offshore?

[13:50] You never know when the IRS will audit you. A US server can get you into trouble.

[16:15] Where should you get your domain?

[18:55] Foreign domain names may not rank as highly in US/Canadian search engine results.

Interview:

[22:10] Andrew introduces Andrew Reich.

[23:15] How did Andrew R. get started in his entrepreneurial journey? 

[27:40] Did Andrew R. ever have an 'ah-ha' moment?

[29:15] What's it like living in China?

[32:40] What kind of lessons has Andrew R. learned while running a business and being a traveler?

[36:20] What flags has Andrew R. planted?

[38:30] Setting up companies in Hong Kong versus US? Which is easier?

[43:20] Has Andrew. R experienced any problems setting up bank accounts?

The Lighting Round:

[48:20] One business – Consumer electronics.

[49:00] One country – US or Canada.

[49:35] One book – How to Win Friends and Influence People by Dale Carnegie.

[50:40] One tool – Basecamp.

Listener Question:

[52:10] Would Andrew recommend opening a bank account in Singapore?

[53:05] Andrew does not like HSBC.

[53:50] Opening a bank in Hong Kong is difficult.

[56:20] Western countries will put even more pressure on foreign banks to tighten up their polices.

[57:55] Andrew does recommend Singapore, but hurry before their policies change.

Mentioned In This Episode:

http://nomadcapitalist.com/2013/12/15/top-5-best-countries-host-website-data-privacy/

https://www.cloudflare.com/

https://www.maxcdn.com/

http://wpcurve.com/

http://www.vital-it.ch/

http://www.intouch-quality.com/

How to Win Friends and Influence People by Dale Carnegie

http://nomadcapitalist.com/shop/lp-offer-best-offshore-banks

What would the world look like for US citizens living abroad if Bernie Sanders is elected President? Andrew cites an article he read in Forbes on some of the tax damages US citizens might face and other consequences to their income if Bernie were to be elected. Andrew also let's the audience know that he will be selecting 5 people to help them develop a bulletproof action plan to better secure their financial future and plant multiple flags.

Ben Wolford is a freelance journalist and the Founder of Latterly, a digital magazine for international journalism. Ben Wolford talks on working as a freelance journalist in New York City, why he and his wife moved to Dominican Republic, and some of the challenges they've faced along the way.

Key Takeaways:

Andrew's Editorial:

[4:00] It's possible every tax break for expats may go away when a new President in 2017 comes into power.

[5:10] What's the tax risk if Bernie Sanders wins?

[14:05] What happens if you make half a million a year? What does that mean for your taxes?

[19:20] Andrew believes the US is going to remain in bad shape.

[20:05] Bernie Sanders wants to tax your entire income for social security.
[24:45] Andrew will be selecting 5 podcast listeners and helping them develop a bulletproof action plan. Please email Andrew (at) NomadCapitalist.com for more info.

Interview:

[26:55] Andrew introduces Ben Wolford

[27:20] Ben shares his story.

[30:10] When was Ben and his wife's 'ah-ha' moment?

[34:15] How has living abroad helped Ben's business?

[37:55] If Ben was in the US, he would not have an opportunity to start his business.

[39:45] What kind of flags has Ben been planting?

[41:30] Tax preparations for freelancers overseas is not easy.

[43:20] What kind of challenges has Ben and his wife faced?

The Lighting Round:

[46:25] One business – Food truck.

[47:00] One country – Italy

[47:22] One book – Homelands by Stephan Faris

[48:10] One tool – Google Docs

Listener Question:

[49:45] Nomad Capitalist doesn't want you to hide money or do things illegally.

[50:15] What does Andrew think about the South American citizenship programs?

[52:05] Be careful who you trust.

[55:05] Where can you get a passport in six months?

[56:15] Getting a high-end hook up is not going to help you.

[57:45] If you're a US citizen and have some wealth, Andrew can help you.

Mentioned In This Episode:

http://nomadcapitalist.com/

Andrew (at) NomadCapitalist.com

http://www.forbes.com/sites/peterjreilly/2015/08/30/tax-planning-for-the-risk-of-a-bernie-sanders-win/

https://turbotax.intuit.com/

http://nomadcapitalist.com/2015/07/27/the-fastest-countries-in-the-world-to-become-a-citizen/

What does it really mean to be offshore and how much money are you losing by not going offshore? Andrew does the math for you and offers three tax scenarios for someone looking to save on their taxes legally. Remember, Andrew is not a lawyer or an accountant, so be sure to seek legal advise for your specific scenario over at http://nomadcapitalist.com/.

Chef Tim Tibbitts decided to open a fine dinning restaurant in the Bahamas, the first of its kind the island had ever seen. Tim talks on what that experience was like and if it's easier to open a restaurant business overseas compared to in Canada, where he's from. Tim also talks on the experience of getting his wife residency and touches on whether the Bahamas is 'too bureaucratic' on today's episode.

Key Takeaways:

Andrew's Editorial:

[2:00] What does it mean to be offshore?

[4:05] How much money are you losing by not going offshore?

[6:50] Andrew does the numbers for you.

[11:30] Remember, Andrew is not a lawyer.

[14:20] Not a US person and still want to leave your home country?

[17:40] Ireland's tax code is 40% over 34,000 euros.

[19:20] Don't want to leave the US, but still want to reduce your taxes?

[19:59] Andrew does a recap of the three tax scenarios.

[22:00] You can save a ton of money on taxes if you're willing to change your lifestyle a bit.

Interview:

[23:40] Andrew introduces Chef Tim Tibbitts.

[24:10] Why did Tim go from Canada to the Bahamas to open a fine dinning restaurant?

[26:15] Is it easier stepping up a restaurant business offshore?

[34:25] Does Tim recommend the Bahamas?

[36:30] Tim does a price comparison between the Bahamas and Canada.

[38:55] It's difficult for foreigners to come and have children in the Bahamas.

[40:25] What was the process for setting up Tim's wife's residency?

[42:30] Is the Bahamas bureaucratic?

The Lighting Round:

[45:40] One business – Gourmet burger shop and/or wine store.

[46:15] One country – Bahamas.

[46:45] One book - Don't Stop The Carnival by Herman Wouk

[47:45] One tool – Prime Cost Wizard by RestaurantOwner.com

Listener Question:

[50:05] Can I exchange passports with someone else for money?

[53:15] Unfortunately the answer is no.

[54:45] Wouldn't it be great to exchange passports, though?

Mentioned In This Episode:

http://nomadcapitalist.com/

http://www.timtibbitts.com/

Don't Stop The Carnival by Herman Wouk

http://www.restaurantowner.com/

http://www.restaurantowner.com/public/department64.cfm

Andrew received a listener question that inspired him to write a Nomad Capitalist blog post. If you renounce your US citizenship, can you return to visit friends and family? The answer may surprise you. Andrew recommends that you understand the risks and whether or not they apply to you before making that decision. There are very few countries that have visa-free access to the United States and if you're planning to travel there regularly with a US passport, be prepared to experience some hassles.

Kisha Mays is the Founder of Just Fearless, a company that helps entrepreneurs build both national and global businesses. Kisha is also the author of From Failure to Fearless, which can be bought on Amazon. We find out how she got the entrepreneurial bug, why she decided to travel, and some tips on running a successful international business.

Key Takeaways:

Andrew's Editorial:

[2:15] Currencies are currently dropping.

[4:55] Purchasing property in countries where currencies are low can be very valuable.

[5:50] Email Andrew and let him know what you need help with.

[8:40] Please feel free to give Andrew feedback.

Interview:

[10:00] Andrew introduces Kisha Mays

[11:25] Why did Kisha decide to become an entrepreneur? 

[15:00] How did Kisha get into traveling with her business?

[18:20] Kisha talks why she went to Spain.

[20:35] How has Kisha diversified her business?

[21:25] What has Kisha's experience been with setting up her company in Hong Kong?

[22:50] Kisha recommends incorporating your company overseas and then operating in the US, if you want to.

[25:20] What kind of challenges has Kisha faced by having an international business?

[26:15] Kisha had a hard time starting her business in Thailand.

[27:30] What has made having an international business all worth while on a personal level?

The Lighting Round:

[30:20] One business – Tourist business.

[30:40] One country – Spain.

[31:10] One book – From Failure to Fearless by Kisha Mays

[31:35] One tool – Basecamp or Trello

Listener Question:

[33:15] If I renounce my US citizen, can I visit my family?

[35:40] There are 40 countries that let you go into the United States visa-free.

[37:55] What happens if you renounce your original citizenship once you have your second passport?

[39:50] The United States -might- grant visa-free access to 7-8 new countries.

[41:00] Understand if you renounce your US citizenships, you'll have the same visa restrictions as everyone else.

[42:30] There's no guarantee you can visit family or friends if you renounce your citizenship.

[44:00] Know the risks and understand if they matter to you or not.

[44:30] Feel free to contact us and let us know your story.

Mentioned In This Episode:

http://nomadcapitalist.com/http://nomadcapitalist.com/

The war on cash is trickling outside of the Western world and affecting places like the Caribbean, South American, and Asia. It is becoming more difficult to do a wire transfer from the United States to another country despite the money already being reported. If you own a significant amount of cash, then you should deeply consider moving it offshore to not one, but several different bank accounts overseas.

Kevin Chen is the co-founder of italki.com, an online language learning service where you can discover language teachers from all over the world. Andrew believes learning a new language could be an excellent step towards your flag planting strategy and talks to Kevin about doing business in Hong Kong and Shanghai.

Key Takeaways:

Andrew's Editorial:

[2:25] Do you love New York City? Well, you'd like Macao much better.

[2:45] Singapore has tighten the amount of cash you can bring in and out of the country.

[3:20] Andrew doesn't recommend putting your money in a briefcase and carrying it into a new country. It can be confiscated from you.  

[3:50] You could take roughly $30,000 Sing in and out of Singapore without it being taxed.

[5:05] The rules have now been changed to $20,000 Sing in cash.

[6:20] Carrying gold, cash, and other assets into Singapore is now not that attractive.

[6:25] Hong Kong and Switzerland have not changed their policies on cash.

[7:45] Accepting cash in the western world is very, very difficult.

[10:00] Hong Kong does not have a war on cash. 

[11:20] How do you get the money in/out of Hong Kong?

[14:35] Moving your money offshore and not keeping it in the US is what you should be doing.

[14:55] How do you move your money offshore?

[15:40] Wiring money, even reported money, is getting harder.

[15:50] Find a smaller boutique bank that's friendlier to other countries.

[16:45] Caribbean banks are having trouble getting money out.

[19:20] You need more than one offshore bank. Do not rely on just one bank account.

Interview:

[21:40] Learning a new language will help with your flag planting strategy.

[22:30] What was Kevin Chen's journey?

[25:10] Kevin believes there isn't a lot of personal freedom in the finance industry.

[26:30] What was Kevin's big 'ah-ha' moment?

[28:00] Why Shanghai?

[30:30] Chinese versus Filipino talent, is it better or worse?

[31:50] Why is Kevin's business based in Hong Kong when he lives in Shanghai?

[33:30] How could someone diversify in China?

[34:30] The cost of doing international business in China is raising.

[37:00] There is an entrepreneurial spirit in China.

[38:30] What's it like living in China?

The Lighting Round:

[39:25] One business – Connecting people to the Chinese world.

[40:15] One country – Taiwan.

[40:45] One book – Getting Things Done by David Allen

[41:20] One tool – Google apps. Gmail, Google docs, etc.

Listener Question:

[45:10] How do you get a second passport if you're born in a foreign country like Pakistan?

[46:15] Many second passport programs were developed specifically for foreigners and do not necessarily target just the US market.

[46:40] As long as you're not a criminal or a terrorist, you can get a second passport without a problem.

[47:20] Countries in Latin America are very open for second residency.

[48:45] Where you're born doesn't matter. What matters is where you live and your nationality.

[51:50] Europe will be an easier country to diversify in for someone of Middle Eastern descent than the Americas.

[53:15] Andrew would love to hear your stories. Feel free to email him.

Mentioned In This Episode:

http://nomadcapitalist.com/

The Best Offshore Banks Guide by Nomad Capitalist

https://www.italki.com/

Getting Things Done by David Allen

Singapore may seem like a great place to relocate to, but Andrew reminds the audience that it's not a tax haven. It's expensive to start a business in Singapore, especially when there are so many other options available. However, Singapore is an excellent wealth haven and a place to diversify your assets. Andrew does a comparison between Singapore/Malaysia and Singapore/Hong Kong.

Carol Merchasin makes her living off rental properties in Mexico and talks to Andrew about her journey from New York city to San Miguel, Mexico. Carol is the author of This is Mexico and she talks about some of the reasons why she moved to Mexico, the challenges, and much more on today's episode.

Key Takeaways:

Andrew's Editorial:

[2:00] Malaysia is a great country to live in.

[3:00] Andrew does a Singapore versus Malaysia comparison.

[8:20] What's the difference between Singapore and Hong Kong?

[9:35] Hong Kong is not as diverse as Singapore.

[10:50] If you're running a company in Singapore, expect to pay Singapore taxes.

[12:40] You need Singapore citizens to work for your company in Singapore.

[13:45] It's not recommended to start a company in Singapore unless you live there.

[15:15] Singapore is not a low tax country, but it is a wealth haven.

[19:00] It's not cheap to do business in Singapore.

[22:00] Feel free to contact us to get help setting up your offshore company.

Interview:

[23:55] How did Carol become an entrepreneur?

[26:15] Why did Carol start a business in Mexico?

[31:00] It's incredibly important to have the right lawyers, accountants, etc to make sure you're compliant with both US and Mexican law.

[33:10] It took seven trips to the IRS-equivalent offices before Carol could pay her taxes in Mexico.

[35:55] Why can't Carol do what she does in the United States?

[37:40] There's a huge expat community in San Miguel and there's a lot going on.

[38:10] What other challenges did Carol face by moving to Mexico?

[40:20] If Mexico is so great, why are Mexicans moving to the US?

[42:00] Mexicans are incredibly generous and family focused.

The Lighting Round:

[43:45] One business – Selling cheap food to the locals that they can then sell to foreigners.

[44:30] One country – Mexico.

[45:05] One book – Distant Neighbors by Alan Riding

[46:05] One tool – Facetime/Skype

[47:00] Carol would become a Mexican citizen.

[48:20] Mexico is based off of personal relationships.

Listener Question:

[50:30] We love answering your questions, please feel free to send them in.

[51:00] Can you get German citizenship through your German grandparents?

[52:45] Most countries consider your parents and not grandparents for citizenship by descent.

Mentioned In This Episode:

http://nomadcapitalist.com/2015/05/05/hong-kong-and-singapore-010/

This is Mexico by Carol Merchasin

We Aren't the World by Ethan Watters

Distant Neighbors by Alan Riding. 

The world is changing and it's changing fast. Do you have a backup plan for the growing entrepreneur economy? People from places like India are being forced to become entrepreneurs and are willing to work for low hourly fees. How can you keep up? Andrew announces his members-only workshop on how to grow an online business, build capital, and secure your future. Feel free to contact him for more information on the event.

Vincenzo Villamena runs an online tax business out of Colombia. He believes Colombia is the new nomad city in Latin America. He talks on how he made the switch from corporate life to moving to a completely different country. Medellin has become an excellent and safe city to live in and Vincenzo had no problem acquiring a visa within the first few weeks of living there.

Key Takeaways:

Andrew's Editorial:

[3:05] Before you go offshore, you need to have some sort of wealth or income.

[4:55] If you do not make a change to your income now, you will be thrown off the boat.

[7:00] In Taylor Pearson's book, The End of Jobs, Taylor says entrepreneurship is becoming the new normal.

[9:35] Andrew's mistake was not leaving the United States sooner when he had an established income.

[12:00] Do you have a plan when you aren't able to run your location-based business anymore?

[13:25] People in places like India are forced to become entrepreneurs.

[15:35] Don't listen to the politicians who say they can bring back 'more American jobs'. It's not possible.

[17:10] There will be a small members-only workshop hosted in Kuala Lumpur on Aug 27th..

[18:25] At the workshop, Andrew will teach you how to grow an online business.

[19:50] Email Andrew (at) NomadCapitalist.com for more info on the workshop.

[20:55] Not sure how to start? This workshop is for you.

[21:30] The ultimate safe heaven is knowing you're in control of your destiny.

Interview:

[23:00] Why did Vincenzo decide to become a tax entrepreneur?

[24:30] Vincenzo is glad he got the hands-on experience at a corporate company.

[26:20] Would working in the corporate world help your business?

[27:55] How did Vincenzo go from New York to starting his business in Colombia?

[33:00] Medellin is the new nomad city in Latin America.

[35:00] How is Vincenzo diversifying his business?

[38:00] Vincenzo was able to get his visa in a couple of weeks.

[40:55] There's Uber in Colombia.

The Lighting Round:

[42:30] One business – Something service-oriented targeting the expat community.

[43:05] One country – Italy.

[43:55] One book – The Four Hour Workweek by Tim Ferriss

[44:55] One tool – Solve360 and Asana

Listener Question:

[47:05] Rodrigo has a lawyer problem in Panama, what should he do?

[48:30] Lawyers can be slow to respond, especially in Latin America.

[49:55] Tips for finding a good lawyer in Latin America? Nomad Capitalist vets a lot of their lawyers. Contact Andrew or his team.

[51:35] Be patient. The government will be slow.

[51:55] Get help before you get started.

Mentioned In This Episode:

http://nomadcapitalist.com/

The End of Jobs - Taylor Pearson

https://onlinetaxman.com/

http://nomadcapitalist.com/2015/05/06/episode-006-offshoring-your-life-while-obtaining-a-mobile-but-rooted-lifestyle-with-gregory-v-diehl/

The Four Hour Workweek by Tim Ferriss

https://solve360.com/

https://asana.com/

Young couples have been asking Andrew about starting a family overseas and what the best options are for them. Andrew has written a comprehensive guide on 29 countries that will give citizenship by birth. He also talks on why having children in a foreign hospital will not only be cheaper, but the medical care will be just as good or better than what you will receive in the US. Michael Cobb is a successful business man and a global entrepreneur. He talks to Andrew on why he loves living in Nicaragua and why he believes Belize is a great option for offshore strategies.

Key Takeaways:

Andrew’s Editorial:

[2:00] How can we give our children the best opportunities?

[4:55] Have additional citizenships to pass on to your children.

[7:45] Medical tourism is a valid option and it can save you thousands of dollars. 

[9:15] Why not have a baby overseas? Get great care for your child and save on medical bills.

[11:45] There are 30 countries that give citizenships by birth.

[15:40] It's possible to give 2-3-4 citizenships to your children.

[18:10] The Norman Guide to Foreign Real Estate is coming out this Friday.

Interview:

[21:15] How did Mike Cobb become a global entrepreneur?

[27:35] Is Belize a good option for investing and living?

[32:30] The quality of life in Nicaragua far exceeds the quality of life in the US.

[34:25] The things that cost more in Latin America are electronics, cars, and imported goods.

[35:40] How do you get your partner to move to a foreign country with you?

[37:30] Countries like Panama, Costa Rica, and Nicaragua are only two hours away from Miami.

[39:05] Mike recommends an English language jurisdiction for offshore accounts.

[44:25] Having a good mindset is key when traveling around the world.

Listener Question:

[45:45] Is Georgia a good place to be a resident?

[46:45] Georgia has made residency easy. You can spend 360 days in the country visa free.

[49:00] Andrew recommends Malaysia and Georgia as great places to be a resident.

[50:00] Georgia passport isn't great right now, but having a residency there is a good thing.

Mentioned In This Episode:

http://nomadcapitalist.com

http://nomadcapitalist.com/2014/10/10/birth-tourism-countries-that-give-citizenship-by-birth/

http://www.ecidevelopment.com

There are two types of asset classes that are exempt from the IRS - precious metals and foreign real estate. There are great foreign real estate opportunities all across South America, Europe, and Asia where you can keep your life away from prying eyes. What makes foreign real estate so appealing is the ability to defer your capital gains tax as well as have a passive income.

Jeremy Levine, owner of La Escuela del Sol, talks Costa Rica and certain challenges with the locals. Costa Rica is an excellent place to live, but foreigners may find the laid back Costa Rican lifestyle challenging when it's time to get things done.

Key Takeaways:

Andrew’s Editorial:

[1:40] Let's talk foreign real estate.

[2:10] Look out for the new Nomad Guide on offshore real estate.

[2:40] When people move offshore they're looking for privacy.

[3:20] People also want currency diversification.

[3:45] There are only two types of asset classes that are exempt from reporting to the IRS.

[4:35] You can buy gold at Nomadgold.com.

[5:30] As long as your precious metals aren't stored in a bank, you don't have to report it.

[5:50] You also don't need to report foreign real estate.

[6:20] If you have a rental property, you do have to report the income.

[6:38] In the new Nomad Guide, it will explore 15 countries and the different foreign real estate options.

[6:55] Why should foreign real estate be of interest to you? 
[8:25] It doesn't matter how low the taxes are when you're from a country that taxes worldwide income.

[11:18] US citizens have to pay taxes on their income no matter where they live.

[12:55] You can do a 1031 exchange on foreign real estate.

[14:10] Andrew believes there are some big problems in US real estate.

[15:10] Yields in Panama City can be as high as 10%.

[17:05] The Nomad Guide on foreign real estate will be out next week.

[17:20] Foreign real estate is an excellent way to have property kept from prying eyes, have passive income, and defer your capital gains tax.

[18:10] The jurisdiction you live in and the jurisdiction you're a citizen of is what you should consider. 

[19:00] Many of the tax breaks you have at home are also applicable overseas.

[20:10] Lots of great real estate opportunities in Belize and further down south, Central and Eastern Europe, and some places in Asia.

Interview:

[22:30] Why did Jeremy move to Costa Rica?

[27:35] How did La Escuela Del Sol get started?

[29:40] How do you market fire dancing classes?

[32:25] Having good accountants is key to making sure you stay legal with the US and the country you live in.

[33:20] You get a $90,000 foreign income tax exclusion.

[34:10] You have 90 days to visit Costa Rica on a tourist visa.

[35:35] Jeremy had a friend who over stayed on his tourist visa and is now banned from the country.

[39:10] What kind of challenges is Jeremy currently facing?

[41:35] Follow your bliss. If you can work from anywhere, then why not work on a beach?

The Lightning Round:

[43:05] One business – Jeremy loves what he's currently doing.

[43:45] One country – Costa Rica.

[43:55] One book – Jeremy can't remember the name of the book.

[44:20] One tool – Microsoft Excel.

Listener Question:

[46:44] Alex asks about unreported offshore bank accounts.

[49:35] Remember, Andrew is not a tax professional.

[49:48] If you have unreported accounts, you need to get it in compliance. Talk to a tax lawyer.

[51:00] Ignorance to the law is no defense.

Mentioned In This Episode:

www.nomadgold.com/

http://nomadcapitalist.com

http://www.laescueladelsol.com/

There are so many new service based business ideas that will produce quick and easy revenue in the emerging markets of Southeast Asia. If you are considering starting your own business you need the advice of someone who looks at personalized, unbiased opportunities and can offer insight to the business and residency requirements in these markets. And if you are looking for tax exempt opportunities, Puerto Rico may not be your best option due to its controlling entity, the U.S. Government. Guest David Feldsott, talks of networking in Colombia and how his competitors aren’t the big travel companies.  

Key Takeaways:

Andrews Editorial:

[1:46] Mastermind event in July

[3:08] Upcoming E-Commerce boom in Asia 

[3:30] Add value to the local market to really be successful

[5:34] There is a wide gap in serving local markets

[7:50] Emerging economies are looking for ease of service

[10:41] It’s a bad idea to try and start a new business in the U.S.

[11:30] Reduce your business tax through Labuan 

[12:06] How do you bring in quick and easy revenue

[13:40] Target niche ecommerce opportunities

[13:50] Uber, a logistical fix for inefficiencies

[16:05] Western leaning locals with cash

[16:45] The Nomad Society is developing businesses

[17:27] 3 day workshop for 10 people to help build your online business

Interview:

[22:26] No low cost air carriers in Latin America

[23:25] From DC but I wanted to be an entrepreneur

[24:38] I put money away for travel and to start my business

[25:49] Relationship based business in Latin America

[26:46] Responsive Service requires a 5x’s the upcharge

[28:06] Colombia is central to the America’s and has a tech community

[31:06] Integrating Airlines in the future

[32:52] My competitors are not the companies you would think

[34:45] Legally incorporated in the United States

[36:30] Tech startup money still comes out of the U.S.

[37:56] A big fish in a little pond in Colombia

[40:31] I’m really not a pickup artist! 

[40:56] FB and Meetup groups helped me find people 

[41:52] The Nomad Society loves Medellin. Private members have an event in November 

The Lightning Round: 

[42:22] One business - Apartment Rental Service

[43:05] One country - Australia 

[43:40] One book - Never Eat Alone, The Hard Thing About Hard Things

[44:25] One tool - Rescue Time

Listener Question:

[46:40] Mannie wants to know Andrew’s thoughts on moving to Puerto Rico for tax advantages.

[46:58] For Peter Schiff it may be a good option. For average people, Andrew doesn’t like it. 

[48:55] Moving to Puerto Rico is not cheap

[50:00] The U.S. maintains control over Puerto Rico

[51:33] 183 days a year is the “stay” requirement

[52:44] Foreign Earned Income Exclusion outside of the US

[53:35] It may be a stepping stone but not a final solution

Mentions:

Forget China, There’s An E-Commerce Gold Rush in South East Asia

Uber

Nomad Capitalist

PanTrek

Meet Up

Never Eat Alone - Keith Ferrazzi

The Hard Thing About Hard Things - Ben Horowitz

RescueTime