Expat Money CEO on Moving Abroad

In this episode of Ecommerce Conversations, host Eric Bandholz interviews Mikkel Thorup, the founder of Expat Money, a consulting firm that helps people move offshore for tax planning, international tax, immigration, and foreign investment purposes. Mikkel shares his extensive experience as an expat, having lived overseas for 25 years and visited 120 countries. The conversation covers the complexities of U.S. taxation for citizens living abroad, strategies for minimizing tax obligations, and the concept of the "perpetual traveler." Mikkel emphasizes the importance of having a Plan B, which includes offshore bank accounts, second residencies or citizenships, and investments in politically stable countries with favorable tax laws. He also touches on the increasing trend of debanking and the need for individuals and businesses to diversify their assets and banking relationships to protect against potential political or financial risks.