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Chat Prompt
Okay, here is the transcript of the YouTube video where the title is "Australia Is A Terrible Country To Live In?" (Wealthy Expat)
(0:00) Australia is a terrible country to live in.
(0:03) A business guru based in Dubai posted this video, and after getting more than half a million views it got picked up by the Daily Mail.
(0:08) American business guru lashes out at Australia calling it a terrible country to live in, and claims it's going downhill fast as he reveals everything he hates about it, and he is not a fan of New Zealand either.
(0:17) Rafael Cintron, the CEO of
immigration firm Wealthy Expat.
(0:21) Yours truly uploaded this TikTok clip. They used this picture of me in the Maldives here. The firm is saying that they would never live in Australia, and that Australia is a disaster of a country. They also explained my points here, and you can see the video. I said the country's future is looking darker than ever.
(0:39) I'm going to explain my points in this video, what I talked about and what is shown in this article.
(0:44) Australia, how they treated their citizens during this whole situation around the world. Obviously now it's gotten a lot more open.
(0:50) Now you can leave Australia, you can come back in, but during the situation happening, they had restrictions where you couldn't come back to your country if you were a citizen.
(0:57) An Australian citizen couldn't come back to Australia. First of all, that was the most crazy restriction that they had.
(1:04) The second one, Australians couldn't leave their country.
(1:08) Meanwhile, the whole world was traveling, people were going to new places, everything was going back to normal, Australia you still couldn't leave the country to go to another place just like Canada. I also criticize Canada on TikTok, I was a bit harsh to be honest, but I talked to a lot of clients that they're tired of these restrictions, tired of these regulations, they just want to leave the country and at that time they couldn't.
(1:28) And the third thing, that they wouldn't allow you to travel inside of Australia.
(1:32) Interstate travel was heavily restricted. Some of our clients couldn't go see their family members, they couldn't go see their business partners. They were hurting their business, hurting their life in general while also paying extremely high taxes. As she put here in the article, Australian income tax rates for residents in 2022. If you earn over 180,000, you pay 45% tax rate, you'll end up paying 49, 50% tax rate.
(1:56) Essentially half of all you earn, you pay to the government for what? So they treat you like you are some alien, so they don't let you leave your country, they don't let you come back, they don't let you travel within the cities.
(2:06) This is absolute insanity. The government has seen how far they can take these restrictions, compared to a country like the UAE, like Dubai where the income tax rate is zero, as she finally points it out here.
(2:15) We're talking about different countries where Australians could move to, and obviously I'm based in Dubai, Wealthy Expat is based in Dubai, our whole team lives in Dubai, and that's what I'd recommend for most Australians because they're not dropping their quality of life. They're paying 0% tax, and they're going to a country that doesn't have those crazy restrictions.
(2:30) Also she mentioned, he said Switzerland, Singapore, UAE, and Portugal are the best examples of low tax, safe countries with minimal restrictions compared to Australia. I obviously believe that there's better places around the world that you can go to. I even made a video, the best low tax countries around the world that you can move to that are safe, low tax, they'll welcome you. You won't have any restrictions, and you're going to absolutely enjoy your life and your family's life.
(2:49) How to leave Australia, and how to properly find freedom in another country, find a country that welcomes your wealth, that doesn't care how much money you make that is OK with you paying a very low tax rate for you to enjoy their beautiful country.
(3:02) The first thing to do, if you want to leave Australia is to make sure you leave clean.
(3:07) Make sure you do a clean exit out of the country.
(3:10) I have an Australian client, for example, he left 20 years ago, almost two decades ago, he left Australia, has been sailing on a sailboat all over the world. Went all over the Pacific, the Caribbean, Mediterranean, has been to over I think 100 countries at this point, with a sailboat and traveling all over the world. Now he's coming back to Australia to retire in Australia.
(3:26) See his grandchildren, see everybody in the family. And Australia is asking him to pay taxes for the last years he wasn't in Australia because he never became tax non-resident of Australia.
(3:35) You need to make sure that if you leave Australia, get rid of your property or rent it out. Get rid of your bank accounts, move your money to another country. If you're moving to Dubai and the UAE, highly recommended for many Australians, we'll help hundreds of people move to Dubai, a lot of them from Australia. Move their money to Dubai, buy a property in Dubai, start a company in Dubai, transfer those funds over to Dubai.
(3:56) Ideally take your close family as well, your children, your spouse, take them to the new country.
(4:02) And make sure you do a completely clean exit in order for Australia to not tax you later in the future. Now when it comes to going from Australia to where, what countries should you go to? If you don't want to sacrifice lifestyle, you don't want to sacrifice healthcare, and overall enjoying your life.
(4:16) I highly recommend those countries that she mentioned, UAE, Switzerland, Singapore.
(4:22) Obviously right next to Australia if you can get a resident's permit because it requires high levels of income and net worth.
(4:25) As well as Portugal, which also you won't see a drop of quality of life. There's a lot of countries around the world that are welcoming your wealth that don't want to tax you, and you can go to those countries, live a better life, pay less taxes, not have to worry about all the restrictions that Australia is going to impose on you, because later on they might impose citizenship-based taxation, more regulations on Australians living abroad, more regulations on Australia in general, because they saw how far they could take it with all the regulations, you think they're going to stop.
You think that with the situation around the world easing, they're going to say, oh, everything goes back to normal, we are not going to do anything.
(4:57) No, the government's going to push even harder so they can control the citizens. This was all an experiment.
(5:01) And in other countries like Canada and New Zealand, they're seeing how far they can go and how much their citizens are willing to tolerate, and they're going to go even harder and even stronger in the future. What I also recommend a lot of Australians and a lot of our clients have done it, is get another citizenship.
(5:15) One of my clients, he got citizenship in St. Kitts for all his family.
(5:19) If you're extremely high net worth or very high net worth, you can get Malta citizenship, replace your Australian password with a Maltese passport, and you get all the travel privileges all around the world. You can go to Australia as a tourist however you like.
(5:28) Get another passport in order to protect yourself.
(5:31) In case Australia starts demanding more requirements, more restrictions on Australians living abroad or traveling around the world just like the United States.
(5:38) Thus maybe they even take it even more, even further and they make you report absolutely everything you have all over the world and make you report where you're going, where you're living, whatever you're doing all over the world. You need to report it back to Australia.
(5:47) OK, you have another citizenship that could protect you. Maybe they cancel your passport because you didn't pay taxes that they thought you should pay, you have another passport to protect yourself. Do everything legally, do a clean exit out of Australia. Become tax non-resident so you don't have any problems later.
(6:01) Find a better place to live in that treats you well that welcomes your wealth, and also get another citizenship, another passport that can protect you in case they take those regulations to the next level.
(6:10) As I said in that TikTok video and in my other videos here on the channel, I truly believe all high net worth entrepreneurs and individuals from these countries that are extremely high tax, high restriction.
(6:19) Yes they have good health care, they have great infrastructure. Over all the country functions properly, but they also have all these bad sides to them that you're not going to see going to other places like Dubai, or Singapore.
(6:31) You see only the good side. Yes they have some bad sides like Dubai doesn't have nature, but you can live a much better life, enjoy your wealth a lot more by choosing what country you can move to, and that's the privilege that you have as a high net worth individual.
If you live in Australia, or any other high tax country, you're looking for the best places all over the world to go to, check out this video right here. The top 10 low tax countries around the world that you can move to that are safe, low tax, that will welcome you. You won't have any restrictions and you're going to absolutely enjoy your life and your family's life, check it out right now.
Chat Prompt
Okay, here is the transcript of the YouTube video where the title is "Australia Is A Terrible Country To Live In?" (Wealthy Expat)
(0:00) Australia is a terrible country to live in.
(0:03) A business guru based in Dubai posted this video, and after getting more than half a million views it got picked up by the Daily Mail.
(0:08) American business guru lashes out at Australia calling it a terrible country to live in, and claims it's going downhill fast as he reveals everything he hates about it, and he is not a fan of New Zealand either.
(0:17) Rafael Cintron, the CEO of
immigration firm Wealthy Expat.
(0:21) Yours truly uploaded this TikTok clip. They used this picture of me in the Maldives here. The firm is saying that they would never live in Australia, and that Australia is a disaster of a country. They also explained my points here, and you can see the video. I said the country's future is looking darker than ever.
(0:39) I'm going to explain my points in this video, what I talked about and what is shown in this article.
(0:44) Australia, how they treated their citizens during this whole situation around the world. Obviously now it's gotten a lot more open.
(0:50) Now you can leave Australia, you can come back in, but during the situation happening, they had restrictions where you couldn't come back to your country if you were a citizen.
(0:57) An Australian citizen couldn't come back to Australia. First of all, that was the most crazy restriction that they had.
(1:04) The second one, Australians couldn't leave their country.
(1:08) Meanwhile, the whole world was traveling, people were going to new places, everything was going back to normal, Australia you still couldn't leave the country to go to another place just like Canada. I also criticize Canada on TikTok, I was a bit harsh to be honest, but I talked to a lot of clients that they're tired of these restrictions, tired of these regulations, they just want to leave the country and at that time they couldn't.
(1:28) And the third thing, that they wouldn't allow you to travel inside of Australia.
(1:32) Interstate travel was heavily restricted. Some of our clients couldn't go see their family members, they couldn't go see their business partners. They were hurting their business, hurting their life in general while also paying extremely high taxes. As she put here in the article, Australian income tax rates for residents in 2022. If you earn over 180,000, you pay 45% tax rate, you'll end up paying 49, 50% tax rate.
(1:56) Essentially half of all you earn, you pay to the government for what? So they treat you like you are some alien, so they don't let you leave your country, they don't let you come back, they don't let you travel within the cities.
(2:06) This is absolute insanity. The government has seen how far they can take these restrictions, compared to a country like the UAE, like Dubai where the income tax rate is zero, as she finally points it out here.
(2:15) We're talking about different countries where Australians could move to, and obviously I'm based in Dubai, Wealthy Expat is based in Dubai, our whole team lives in Dubai, and that's what I'd recommend for most Australians because they're not dropping their quality of life. They're paying 0% tax, and they're going to a country that doesn't have those crazy restrictions.
(2:30) Also she mentioned, he said Switzerland, Singapore, UAE, and Portugal are the best examples of low tax, safe countries with minimal restrictions compared to Australia. I obviously believe that there's better places around the world that you can go to. I even made a video, the best low tax countries around the world that you can move to that are safe, low tax, they'll welcome you. You won't have any restrictions, and you're going to absolutely enjoy your life and your family's life.
(2:49) How to leave Australia, and how to properly find freedom in another country, find a country that welcomes your wealth, that doesn't care how much money you make that is OK with you paying a very low tax rate for you to enjoy their beautiful country.
(3:02) The first thing to do, if you want to leave Australia is to make sure you leave clean.
(3:07) Make sure you do a clean exit out of the country.
(3:10) I have an Australian client, for example, he left 20 years ago, almost two decades ago, he left Australia, has been sailing on a sailboat all over the world. Went all over the Pacific, the Caribbean, Mediterranean, has been to over I think 100 countries at this point, with a sailboat and traveling all over the world. Now he's coming back to Australia to retire in Australia.
(3:26) See his grandchildren, see everybody in the family. And Australia is asking him to pay taxes for the last years he wasn't in Australia because he never became tax non-resident of Australia.
(3:35) You need to make sure that if you leave Australia, get rid of your property or rent it out. Get rid of your bank accounts, move your money to another country. If you're moving to Dubai and the UAE, highly recommended for many Australians, we'll help hundreds of people move to Dubai, a lot of them from Australia. Move their money to Dubai, buy a property in Dubai, start a company in Dubai, transfer those funds over to Dubai.
(3:56) Ideally take your close family as well, your children, your spouse, take them to the new country.
(4:02) And make sure you do a completely clean exit in order for Australia to not tax you later in the future. Now when it comes to going from Australia to where, what countries should you go to? If you don't want to sacrifice lifestyle, you don't want to sacrifice healthcare, and overall enjoying your life.
(4:16) I highly recommend those countries that she mentioned, UAE, Switzerland, Singapore.
(4:22) Obviously right next to Australia if you can get a resident's permit because it requires high levels of income and net worth.
(4:25) As well as Portugal, which also you won't see a drop of quality of life. There's a lot of countries around the world that are welcoming your wealth that don't want to tax you, and you can go to those countries, live a better life, pay less taxes, not have to worry about all the restrictions that Australia is going to impose on you, because later on they might impose citizenship-based taxation, more regulations on Australians living abroad, more regulations on Australia in general, because they saw how far they could take it with all the regulations, you think they're going to stop.
You think that with the situation around the world easing, they're going to say, oh, everything goes back to normal, we are not going to do anything.
(4:57) No, the government's going to push even harder so they can control the citizens. This was all an experiment.
(5:01) And in other countries like Canada and New Zealand, they're seeing how far they can go and how much their citizens are willing to tolerate, and they're going to go even harder and even stronger in the future. What I also recommend a lot of Australians and a lot of our clients have done it, is get another citizenship.
(5:15) One of my clients, he got citizenship in St. Kitts for all his family.
(5:19) If you're extremely high net worth or very high net worth, you can get Malta citizenship, replace your Australian password with a Maltese passport, and you get all the travel privileges all around the world. You can go to Australia as a tourist however you like.
(5:28) Get another passport in order to protect yourself.
(5:31) In case Australia starts demanding more requirements, more restrictions on Australians living abroad or traveling around the world just like the United States.
(5:38) Thus maybe they even take it even more, even further and they make you report absolutely everything you have all over the world and make you report where you're going, where you're living, whatever you're doing all over the world. You need to report it back to Australia.
(5:47) OK, you have another citizenship that could protect you. Maybe they cancel your passport because you didn't pay taxes that they thought you should pay, you have another passport to protect yourself. Do everything legally, do a clean exit out of Australia. Become tax non-resident so you don't have any problems later.
(6:01) Find a better place to live in that treats you well that welcomes your wealth, and also get another citizenship, another passport that can protect you in case they take those regulations to the next level.
(6:10) As I said in that TikTok video and in my other videos here on the channel, I truly believe all high net worth entrepreneurs and individuals from these countries that are extremely high tax, high restriction.
(6:19) Yes they have good health care, they have great infrastructure. Over all the country functions properly, but they also have all these bad sides to them that you're not going to see going to other places like Dubai, or Singapore.
(6:31) You see only the good side. Yes they have some bad sides like Dubai doesn't have nature, but you can live a much better life, enjoy your wealth a lot more by choosing what country you can move to, and that's the privilege that you have as a high net worth individual.
If you live in Australia, or any other high tax country, you're looking for the best places all over the world to go to, check out this video right here. The top 10 low tax countries around the world that you can move to that are safe, low tax, that will welcome you. You won't have any restrictions and you're going to absolutely enjoy your life and your family's life, check it out right now.
