The 183 Day Trap: How Shakira Got Screwed on Taxes

https://nomadcapitalist.com/

If you've researched offshore tax strategies, you may have heard of the “183 Day Rule". The idea is that, as long as you spend fewer than 183 days in any given country in one year, you won't become a taxpayer there. In this video, Andrew dispels the myth about this rule and shares an example of how the famous singer, Shakira, got screwed on taxes.

00:00 Start
00:40 Nomad lifestyle
Living in Germany
Living in Australia
Living in the USA
Living abroad
01:10 Question
Living in Spain
Travel to Spain
Substantial presence test
02:22 Taxes in Colombia
03:21 Taxes in Germany
Travel to Germany
05:52 Tax residence
06:50 Travel to Mexico
09:18 Living in Montenegro

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.