Andrew Henderson's guide to offshore banking, second passports, and building a location-independent life.
What if you found out you were paying way more taxes than you had to, living in a place that does not actually treat you well, and there was a whole world of better options you never even considered?
Picture this. A packed conference room in Las Vegas. People who paid two thousand dollars each to hear one guy tell them they do not have to live where they were born.
Five words. That is all it took to change how Andrew Henderson thinks about life, money, and where to live.
“Do I have to become a goat herder?”
That is how Henderson opens this chapter. His old college buddy Bryan asks this question while driving him from the Cape Town airport. Bryan has been watching Henderson post Facebook updates from El Salvador, Albania, Singapore. And he wants in. But he also has three kids, a wife, and an IT business with sixteen employees in South Africa.
“Come to Cuenca, where flowers bloom from your toilet water!”
That joke comes from Henderson’s mastermind group over breakfast in Medellin, Colombia. They were laughing about retirement newsletters that overhype cheap countries with ridiculous copywriting. You know the type. “Live on a tropical beach for $623 a month!” Meanwhile Costa Rica, Belize, and Panama have already been burned through by the newsletter crowd. Ecuador was next.
Imagine you are sitting in a hotel room in Dubai. A man with a bulletproof briefcase hands you a green passport from a country you cannot find on a map. You put your finger on an ink pad. He shakes your hand and says, “Congratulations, you are now a citizen of the Comoros Islands.”
In Part 1 we covered why anyone would want a second passport and the four ways to get one. Now Henderson gets into the messy details. And trust me, it gets messy. Fake passports, lazy lawyers, and the surprising truth that a Mexican passport might be better than an American one.
After four chapters about going where you are treated best, getting second passports, and building a location-independent life, Henderson finally arrives at the most extreme step. Giving up your US citizenship entirely. This is the nuclear option. And he did it himself in December 2017 at the US Embassy in Tbilisi, Georgia.
In Part 1 we covered why people consider renouncing US citizenship. The reasons range from philosophical identity issues to brutal financial realities like $330,000 annual tax bills. Now Henderson walks us through how renunciation actually works, what it costs, and what life looks like on the other side.
“Where did your mother go into labor?”
That is how Pete Sisco, an internet business owner and long-time nomad, greeted Henderson on a Skype call from Hanoi. It was his little libertarian calling card. A cheeky way to remind people that their entire identity, taxes, passport privileges, and life trajectory got decided by one random event. Where your mom happened to be when you showed up.
“Go eat at McDonald’s. Get a Big Mac.”
That was actual medical advice. From an actual doctor. In an actual hospital.
Henderson walks into a Romanian bank. He has his passport. That is it. Twenty-five minutes later he has a fully functional bank account. The banker, Teodora, looks at him like he is crazy when he acts surprised. “Why would it not be easy?” she asks.
Henderson is walking along Port Hercule in Monaco, looking at yachts. He notices something interesting. Every boat has its country of registration on the back. The big yachts are registered in the Cayman Islands, Malta, Marshall Islands. The small ones are registered in France.
Henderson walks into what sounds like a Bond villain lair. Steel gates. Blast-proof doors. Metal detectors. Backscatter machines. Guards you can see and guards you cannot. He is deep underground in Singapore, inside the Freeport. One of the most secure private vaults on the planet.
Henderson is in Phoenix, Arizona. He calls a real estate agent named William. They go see two properties. The first one is ideal. Nice finishes, good floor plan, easy to resell later. The second one is a dump.
Henderson opens this chapter with an interview. Not just any interview. He is sitting in his home in Bogota, Colombia, talking to Michael Saylor. Yes, that Michael Saylor. The MicroStrategy guy who bought over $2 billion in Bitcoin by early 2021.
Henderson is walking through Siem Reap, Cambodia. He is not heading to Angkor Wat like every other tourist. He is going to the Sofitel Hotel to hear the story of a French expat who became a millionaire selling cakes.
Henderson is sitting in Wroclaw, Poland. It is Easter week. The city is empty because all the students went home to their villages. He finds a kebab shop, sits outside in the cold wind, and starts eating his shawarma. Two pigeons attack his food. He yells at them in English. “Go away, pigeons!”
Henderson is standing on a stage in Cancun, Mexico. It is January 2016. He is at his own conference called Passport to Freedom. And he is telling the audience he is done. No more conferences.
Henderson opens the final chapter from a muddy car ride in Montenegro. He is furniture shopping for his new beach apartment in Kotor Bay with a general contractor named Anka. They are debating white sofas. He jokes about reckless tourists. She offers him a mint. For a second he wonders if she is making a move. She is not. She is just extremely good at her job.
Twenty-one posts. Sixteen chapters. One very long subtitle. We made it to the end of Andrew Henderson’s Nomad Capitalist.
I started this retelling series because the book made me think. Not because I agreed with everything in it. Not because I wanted to sell offshore company services. But because it challenged ideas I had been carrying around for decades without questioning them. And any book that does that deserves a proper read-through.