Why Latin America is “Tax Hell”
49,027
Published 2024-07-27
Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: nomadcapitalist.com/email
Join us for the next Nomad Capitalist Live event:
nomadcapitalist.com/live/
Discover how to avoid "Tax Hells" in Latin America. We explore the criteria that make a country a tax nightmare and highlight nations with favorable tax conditions like Uruguay and Panama. Learn about investment opportunities, tax residency requirements, and strategies to minimize your tax burden while enjoying life in Latin America.
00:00 Start
00:37 Criteria for Tax Hell
01:04 Countries Improving
01:25 Issue in the Tax Hell Definition
04:11 List of Tax Hells
05:34 Countries with Favorable Tax Regimes
06:42 Uruguay’s Tax Policies
07:15 Panama’s Territorial Tax Regime
11:50 Comparison to Emerging Asia
Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
Become Our Client: nomadcapitalist.com/apply/
Our Website: www.nomadcapitalist.com/
About Our Company: nomadcapitalist.com/about/
Buy Mr. Henderson’s Book: nomadcapitalist.com/book/
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.
All Comments (21)
-
I asked some small business owners in Mexico about paying taxes. They said that they don't pay taxes, they pay the cops.
-
You don't need a bank account in Bosnia, it's cash only 😂
-
Brazil I don’t know I’m living in Canada 🇨🇦 and there is tax on tax on tax on tax on tax every penny here in Canada is taxed the worst country in the world is here under Trudeau.
-
In mexico there is a criminal tax called "Derecho de piso" that is when you establish a small business and suddenly criminals come to you and demand a payment to do business in that area, otherwise you risk to be killed or your business destroyed. Fortunately it doesn't happen everywhere. But many successful business owners have died because of that.
-
Moving to Paraguay for a few years coming from America and I can not wait it’s such a beautiful country and I plan on doing business in Asunción
-
I live in Costa Rica. It's shit when it comes to taxes. Everything is ultra-expensive.
-
What about Paraguay? Literally zero tax on income acquired overseas.
-
I think the government's instability is essential. One day, you have one president, and in two years, there may be someone new. I have friends from Argentina who go there often. The Americans say, "They let this white guy," etc. I find this ironic because most Argentinians are of European descent. There are white people in every Latin American country. People say to me you are white you do not look Hispanic. Hispanic is not a race. The best Italian food I have ever eaten is in Argentina!
-
i heard a lot of horror stories about Brazilian import taxes and also in some other south American countries in most countries taxes are not a big deal for the average person. but in brazil it really ruins a lot of basic things .
-
Apparently, Uruguay is the Switzerland of Latin America; very, very expensive ....
-
Not saying a word about Brazil made me infer that it is NOT a country which you'd come to. And, to be honest, I totally understand your position.
-
Any chance you can do a quick video on the Dominican Republic 🇩🇴 and how their territorial tax system works? Thank you
-
Brazil is actually kinda fine, dividend taxation is 0%, there are also a bunch of loopholes that you can use to pay less taxes. I pay basically no personal income tax here and my online business pays 8%
-
Taxes? Ask the fore father's of America about this!
-
Paraguay!
-
The US is tax hell in many ways, including regarding crypto.
-
Curious Belarus and Russia are ranked so lowly. These are some of the best places for taxes. Russia is 4% for IT, 6% individual. Granted, it's bureaucratic and corporate just went up, but it's not bad for a lot of industries. One of the cool parts of Russia is you can just have an account in bullion and take delivery.
-
Living in costa rica now for 20 years. You are incorrect about the taxes. If you want to go iut to eat you pay 23% tax. Pretty much anything you buy from construction materials to electronics to autos. You pay double the price of what they are worth because they are taxed heavily.
-
absolutely true, BRAZIL is the bottom of that.
-
You're always welcome to your second home, thanks for your investments in the country. Greetings from Bogota.
