Video Briefing

Nomad Capitalist: Why I Would Rather Live in Phnom Penh Than Paris

Aug 5, 2026Video BriefingWatch on YouTube

Living in the “frontier” – emerging markets and less‑established destinations – is increasingly being presented as a viable alternative to the increasingly restrictive Western nations that once offered near‑universal visa‑free access.

Western visa policies are tightening

  • The United Kingdom recently revoked visa‑free travel for St. Lucian citizens, cancelling previously granted electronic travel authorisations (ETAs).
  • Similar restrictions have been applied to citizens of Colombia, Namibia, Dominica, and Vanuatu.
  • The United States has become harder to enter for non‑citizens, with reports of detentions and longer processing times.
  • The European Union is also scaling back visa‑free entry for several third‑country nationals.

These moves illustrate that the era of unrestricted global mobility for passport holders is ending, and that governments are exercising their sovereign right to limit entry, especially for wealth‑based immigration programs.

Frontier destinations provide more openness

Countries such as Cambodia, Malaysia, Colombia, Namibia, South Africa, Georgia, Paraguay, and Guatemala are actively courting long‑term residents and entrepreneurs. Trends include:

  • Residency permits tied to economic contribution rather than large “citizenship‑by‑investment” donations.
  • Lower ideological policing and fewer cultural “landmines,” creating environments where personal beliefs are less likely to be scrutinised.
  • Rapid infrastructure development funded by both domestic and foreign investment, narrowing the gap with more “finished” economies.

Key criteria for selecting a new base

  1. Personal well‑being – Assess how a location feels on a nervous‑system level; environments that reduce anxiety and constant surveillance can improve productivity.
  2. Tax efficiency – Consider jurisdictions with favorable tax regimes, but avoid moving solely for tax savings if the lifestyle is unsatisfactory.
  3. Cultural fit and kindness – Communities that are welcoming and less judgmental contribute to long‑term satisfaction.
  4. Opportunity for growth – Emerging markets often present business and investment openings not available in mature economies.

Real‑world opportunities

  • Georgia: The banking sector has shown strong growth; an investor who lived there reported a three‑fold increase in the value of Bank of Georgia shares within two years, a performance unlikely to be noticed without on‑the‑ground exposure.
  • Southeast Asian hubs: Cities in Cambodia and Malaysia are seeing new restaurants, gyms, and other consumer services, indicating expanding middle‑class demand.

Practical lifestyle strategies

  • The “trifecta method”: Divide the year into three four‑month blocks, each spent in a different country. This balances exposure to frontier dynamism, mid‑level stability, and more developed infrastructure.
  • Diversify residency – Maintain at least one base in a relatively stable, “finished” country (e.g., Malaysia) while allocating time to frontier locations for growth and freedom.
  • Avoid premature moves – Relocating to a new country without assessing personal fit can lead to rapid return, tax complications, and wasted resources.

By evaluating visa accessibility, personal well‑being, tax considerations, and local opportunity, individuals can craft a location strategy that maximizes freedom and reduces reliance on increasingly restrictive Western nations.

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