Lessons from a Billionaire’s US Citizenship Renunciation

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Although the US embassies are not accepting renunciation documents, waitlists are growing, and more Americans head for the exit. In this video, Andrew shares a story about one wealthy former American who offers some lessons you should consider.

00:00 Start
1:12 Story about Oleg Tinkov
1:44 Renouncing US citizenship
-Exit tax
-Income tax
2:41Taxes in California
3:19 Tinkov decided to Renounce US citizenship
4:27 About Tinkoff Bank
4:31 how avoid taxes in the US?
6:12 Renunciation process
7:12 Common misconceptions about expatriation

https://www.internationalinvestment.net/news/4012084/us-charges-russian-billionaire-tinkov-tax-fraud

Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

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