After caller U.S. statesmanlike elections, a predictable spike of disgruntled Americans vow they volition determination to Canada, going truthful acold arsenic googling what it takes to determination northbound oregon adjacent hiring an migration lawyer to instrumentality the archetypal steps towards securing a visa. Andrew Henderson advises them to reconsider.
Henderson, known online arsenic the Nomad Capitalist, says these Americans are lacking creativity. Sure, arsenic different chiefly English-speaking state that abuts the U.S., Canada seems similar a comfy backup plan—but it doesn’t precisely person unfastened borders. Though galore Americans whitethorn similar to deliberation migration laws and procedures don’t use to them, moving to Canada is not arsenic elemental arsenic uncovering an flat connected Craigslist and jumping connected the adjacent plane—or train—to points north. Henderson would similar radical sincerely funny successful moving overseas to look astatine immoderate different options.
“Why spell from 1 frying cookware to the other?” Henderson tells Fortune. “Why are we going from 1 spot to precisely the aforesaid place, erstwhile there’s 252 antithetic places we tin choose?”
Henderson, who runs a popular YouTube channel and is simply a arguable fig successful the Digital Nomad community, has for much than a decennary helped high-net worthy clients chiefly from the U.S. summation dual citizenship oregon residencies successful countries astir the world. He advises them connected planetary taxation laws, visa-free travel, and more. He works with his ain web of experts crossed the globe to supply the astir up-to-date accusation connected golden visa and passport opportunities, overmuch of which, helium says, can’t beryllium easy recovered elsewhere.
Americans, helium says, often travel to him funny successful Australia, Canada, and England—familiar places for America’s wealthiest, but not Henderson’s favourite destinations. For one, taxes are often higher, portion salaries are lower. Housing costs successful London and Vancouver—the wealthy, utilized to their carnal comforts, aren’t apt to beryllium funny successful moving to smaller, little costly towns—can apical the already astronomical ones successful the U.S.’s biggest cities. And without a job, a spouse who is simply a citizen, oregon a hefty sum to invest, Americans can’t conscionable up and determination to these countries.
“Americans person this thought that they’re benignant of uniquely special. And successful reality, it’s the different mode around,” helium says. “The American someway thinks, ‘Why don’t they privation my American money?’ Yeah, they don’t. There’s a batch of radical with wealth these days.”
Henderson’s state evaluations absorption heavy connected their taxation regimes and outgo of living—the lower, the better. Lately, for example, helium has been enthusiastic astir Oman, the Middle Eastern state astatine the basal of the Arabian Peninsula. Sure, you springiness up surviving successful a ideology and your freedom of code is curtailed, but Henderson says it has different perks.
“Not everyone’s going to spell there,” helium says. But “for a household that wants information and information and much blimpish values, but precise unfastened minded, bully weather, bully taxes—that’s a spot that could beryllium connected the radar for fractional the terms of Dubai.”
If Oman feels a small excessively foreign, a much applicable prime for galore Americans, helium says, could beryllium Mexico. It’s little costly than Canada and it’s typically easier to determination to. (Americans person taken notice: They’ve been flocking to Mexico City implicit the past fewer years.)
Henderson, who renounced his U.S. citizenship successful 2017, has helped clients determination to astir 33 countries, and helium has collected information connected astir 100. He charges an archetypal readying interest of $28,000; clients volition besides wage each of the fees and marque the investments indispensable to unafraid the visas oregon citizenship successful a caller country. That tin outgo hundreds of thousands to adjacent millions of dollars, depending connected the country.
For astir of his clients, moving determination caller and renouncing their U.S. citizenship isn’t the goal; instead, helium chiefly helps with residency and capitalist visas. And astir of the radical who curse they are going to determination distant from the U.S. due to the fact that of politics—whether it beryllium the predetermination of Joe Biden oregon Donald Trump—don’t travel done connected it. It takes much than a caller president to uproot one’s full life.
In astir cases, Henderson’s clients are alternatively self-made concern radical who privation a Plan B oregon amended easiness of movement. Gaining a passport successful a state that is portion of the European Union, for example, means visa-free question to immoderate different subordinate state.
But alternatively of sticking to well-known entities similar France oregon Switzerland, Henderson encourages radical increasing bushed of the U.S. and committed to the expat beingness to deliberation extracurricular the box. Where would beingness really beryllium different?
“I deliberation the thought that each state is going to relation similar the U.S. is truly stupid,” helium says. “The cardinal contented is radical are looking astatine the incorrect places to spell due to the fact that they someway don’t privation to change.”
Hiring a steadfast oregon migration lawyer to suss retired antithetic options tin help; fees alteration crossed the board. Henderson suggests those funny successful surviving overseas prime a fewer places and perpetrate to surviving betwixt them for a year, astatine slightest initially. Test retired the waters, person an adventure.
“My constituent of view, there’s a geographical solution to each problem,” helium says. “I deliberation it’s a amended beingness that we’re selling people.”
How galore degrees of separation are you from the globe's astir almighty concern leaders? Explore who made our brand-new database of the 100 Most Powerful People successful Business. Plus, larn astir the metrics we utilized to marque it.