What is CRS?: Why Bank Secrecy is Dead

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By Andrew Henderson and The Nomad Capitalist. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The world is constantly changing and one of the things you need to know is that bank secrecy is dead.

When it comes to the US citizens and Green Card holders, they already have FATCA - tax compliance act that requires all foreign banks to disclose and report US citizens' bank accounts.

However, there is another act called CRS (Common Reporting Standard) that is practically FATCA on a global level.

It is in force in more than 100 countries, including traditional "offshore havens", and it's making your accounts and your money completely transparent.

https://nomadcapitalist.com/2018/08/17/non-crs-countries-banking/

Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".

Work with Andrew: https://nomadcapitalist.com/apply/

Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a more than 20 countries.

He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.

About Andrew: https://nomadcapitalist.com/about/andrew-henderson/ Our website: https://www.nomadcapitalist.com Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist Buy Andrew's book: https://amzn.to/2QKQqR0

DISCLAIMER: The information in this podcast 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.

336 episodes