International migration may spike in the future due to geopolitical instability, financial collapse or changes to the climate.
For centuries, the world’s elite have possessed the knowledge and asset planning to transcend national borders and become international citizens, seeking favorable tax jurisdictions and routes of escape should the economic or political situation deteriorate in their home countries. Today, Nomad Capitalist, a tax strategy and immigration advisory firm, brings that knowledge to crypto investors.
Javier Correra, a research and development associate for Nomad Capitalist, and Gearoid Cox, who heads the company’s client relations, sat down with Cointelegraph’s Sam Bourgi at the Bitcoin 2024 conference in Nashville, Tennessee, to explain how the firm helps individuals seeking greener pastures.
They explained that crypto users account for a large share of Nomad Capital’s clients. Many crypto investors represent “new money,” Cox said, having made their fortunes off investing in digital assets or small business ownership and seeking to “optimize their tax structures.” Nomad Capitalist provides individuals with a personalized tax strategy, crypto-friendly banks and legal firms to accomplish this. Correra explained that moving to a foreign jurisdiction may be the answer to reducing tax burdens:
