There are several countries in the European Union who will welcome entrepreneurs with open arms. Andrew talks on why you should maybe start a business in Europe in order to get into their residency programs and pay lower taxes. Ladan Jiracek is today's guest. He is the host of the Travel Wisdom Podcast and has been to over 100 countries. Ladan is currently residing in India with his girlfriend and talks on his experience living and starting a business there.
Key Takeaways:
Andrew's Editorial:
[1:25] If you're part of the Nomad Capitalist email list, you can get 80% off on Passport to Freedom.
[4:10] Should you get an European passport?
[6:25] How much do you have to invest to get an EU passport?
[9:00] You can apply to EU residency programs by starting a business.
[13:00] In some parts of Europe, tax procedures are easier than in the US.
[17:30] Andrew recommends at least looking at Europe.
[21:55] Where should you go? Where should you be in the next five years?
Interview:
[23:10] Andrew introduces Ladan Jiracek.
[27:20] It's never too late to start planting flags.
[30:25] It was only until a couple of years ago that Ladan thought about selling things abroad.
[32:10] Why India?
[34:00] Ladan is living off $400 a month. What does that get him?
[36:25] What business does Ladan plan to start in India?
[38:00] You have to go where you're treated best.
[41:00] What kind of flags is Ladan planting?
[43:25] What challenges has Ladan faced in India?
[45:40] Ladan talks on moving to India with his girlfriend.
The Lighting Round:
[47:40] One business – Accent services.
[48:10] One country – India
[49:15] One book – Money Master the Game by Tony Robbins
[50:35] One tool – Calendly.
Listener Question:
[53:10] What would you do if Bernie Sanders would be elected?
[54:35] Andrew will not be voting. He doesn't believe the expat vote matters.
[56:35] Can the country Georgia be the next Singapore?
[58:35] US expat tax will never go down, because it's corrupt.
[61:25] You can't vote for a safe haven.
Mentioned In This Episode:
http://nomadcapitalist.com/2014/11/21/39-countries-reduced-taxes-business-corporate/
https://travelwisdompodcast.com/
Money Master the Game by Tony Robbins
