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Living on foreign soil with unknown faces around may pose many challenges to an expat or global nomad, especially those who have left behind the luxury of family support and a convenient lifestyle. No matter how mentally strong you are, the challenges that you face while living abroad can make life difficult. Everyone thinks that you won’t get at least some “culture shock” but it happens to everyone.

If you cope with the issues with utmost determination and will, living overseas can be an enjoyable experience that you can cherish forever. Here are the top 6 challenges for expatriates that you may face during your overseas stay.

00:00 Start
0:29 Americans Abroad
1:00 What is Citizenship-Based Taxation?
3:00 The Best Places to Move
4:29 Does Renounce U.S. Citizenship Make Sense For The Average American Abroad?
6:03 Living in Dubai
6:46 Living in Puerto Rico
8:00 Reportable Assets
9:38 Challenges of Being an American Overseas
11:38Tax Relief For Americans Abroad

Andrew is reading this article: https://www.forbes.com/sites/k....athleenpeddicord/202

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".

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

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.

About Andrew: https://nomadcapitalist.com/about/
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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.