What to Do with $100 Million Dollars or More | Summary and Q&A

TL;DR

Learn how to optimize taxes, obtain passports and residencies, and strategically invest with a $100 million net worth.

Key Insights

• ✋ Leaving high-tax countries with substantial net worth requires careful planning to minimize exit taxes.
• 🥶 Building ties to tax-free jurisdictions like Dubai through property ownership and business establishment is advisable.
• 🇰🇾 Passport acquisition programs like the Portuguese Golden Visa, Malta citizenship, and the Cayman Islands residency offer valuable benefits and international mobility.
• 💪 Investing in countries aligned with personal interests can facilitate meaningful contributions and establish strong connections.
• 🏛️ Strategic investments can help build ties, make local connections, and contribute to the development of a chosen country.
• 🚕 Diligent tax planning, legal compliance, and transparency with wealth and assets are essential for maintaining a solid financial reputation.
• 💗 Seeking professional assistance and advice from wealth management experts is crucial for efficiently managing and growing a $100 million net worth.

Transcript

hey it's the wealthy expat here in this video let's look at what i would do if i had a hundred million dollars or more in investable assets net worth and what i recommend my clients that are worth over 100 million dollars i have a lot of clients that are worth 100 150 300 all the way up to 600 million us dollars and that depending on the price of c... Read More

Questions & Answers

Q: How can individuals minimize exit taxes when leaving a high-tax country with a net worth of $100 million or more?

Minimizing exit taxes requires careful planning and consideration. It's essential to explore exclusions, long-term capital gains options, and potential waiting periods to lower the tax liability. Consulting with a tax professional is highly recommended in such cases.

Q: What steps can be taken to establish a tax residence in a tax-free country like Dubai?

To establish a tax residence in Dubai, consider purchasing high-value properties, setting up a company, obtaining a visa through investment, and hiring employees. Additionally, using local bank accounts and credit cards can solidify your connection to the tax-free jurisdiction.

Q: Are there any recommended passport acquisition programs for individuals with a $100 million net worth?

Yes, programs like the Portuguese Golden Visa, Malta citizenship, and residency in the Cayman Islands offer valuable benefits. Each program has different investment criteria, such as real estate purchases or establishing ties to the country through long-term commitments.

Q: How can individuals strategically invest and contribute to countries they are passionate about?

By investing in a country that aligns with personal interests and values, individuals can make a positive impact while obtaining citizenship or residency. This may involve funding social structures, building schools, supporting local initiatives, or collaborating with government authorities.

Summary & Key Takeaways

• The Wealthy Expat advises individuals with a $100 million net worth on tax strategies, passport acquisition, and residency programs.

• Minimizing exit taxes is crucial when leaving high-tax countries, and careful planning is needed to optimize tax payment.

• Setting up a tax residence in a country like Dubai with property ownership, business establishment, and employment ties can create a strong connection to a tax-free jurisdiction.

• Exploring programs like the Portuguese Golden Visa, Malta citizenship, and the Cayman Islands residency can offer additional benefits and opportunities.

• Investing in countries that align with personal interests and values can help build ties, make local connections, and contribute to the country's development.