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You can actually buy 2 or 3 properties ( 1 milion AED combined ) in some places to get this visa. For 1 milion AED it's a five year visa.

What about taxation on overseas income ? Do they make expats file ?

Well I started watching his shows and left the country a long time ago. His videos were helpful.

Yep my suggestion to OP was either get a good tax lawyer ( ambulance chaser will drip him dry ) or get out of USA while he can.

I wasn't talking about myself. I read this somewhere. Some had problems living in Panama too years ago when IRS came after them in Panama. It was all over news.

I never got s reply back from them.

I remember some guy ran away to some country and came back after 20 years and he was filing away too from there after his earlier fiasco but they got him for old records .

Hmm I thought Seychelles does require audit reports nowadays. Please correct me if I am wrong. Marshall Islands is one of those that still don't require as of yet.

Texas and Florida have no state income tax. Cheaper to live than NYC.

If you have properties in UAE you can get a bank account in UAE. I know several people who are not resident of UAE but have bank accounts in Dubai due to their properties.

Pays to be a President's son . Trump is getting off from his tax problems too for years

You all are making him more nervous than he is . Best advice for him is to sell evert get out of country and try to talk to an attorney to fix this problem

If you are living in ME or any territorial tax countries like Malaysia as shown by Nomad Capitalist then I am sure you shouldn't have any problems setting up a BVI company as long as you have remained tax compliant with the country of your citizenship too (depending on your country of course )

Why would it be illegal automatically? If you are setting up legally? Living in a territorial tax free jurisdiction like Malaysia for instance? It all depends on your residency and country of citizenship.

please don't give him heart attacks or stroke. He might be too young

Who wrote these codes ? Tax lawyers wanting to get rich by creating complex codes so they can show their rich paying clients how to save money legally

There are penalties too that he is worried about. They rack up little world of forms each of which has its own penalties. All cooked up by tax lawyers

They want you to file ? Did they write to you regarding it ? Just curious. I know there are several dual citizens who simply disappear and file in their country of residence only.

I doubt it. He is promising to do away with CBT which I doubt tax attorneys and cpa associations will let him pass. IRS knows already we are not worthwhile targets. It's just these lawyer lobbies who want these laws to make their money plus keeping rich Americans away from fleeing USA like other...