Most Americans Abroad Get This Wrong: Domicile vs. Residence

Summary

Mike from Savvy Nomad explains the critical distinction between domicile and residence for expats and digital nomads, highlighting how these terms differ in legal and financial implications. The discussion focuses on domicile as a person's true permanent home with specific intent, while residence is more flexible and can be temporary, potentially affecting taxes, voting rights, and government benefits. The key takeaway is that while individuals can have multiple residences, they can only have one domicile, and understanding this difference is crucial for managing legal and tax obligations when living or working abroad.