dominikmayer's travels on Nomad List

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3 Dec '18

17d

20 Dec '18

20 Dec '18
3 Dec '18

Ho Chi Minh City

31°C

Vietnam

19 Nov '18

1mo

28 Dec '18

28 Dec '18
19 Nov '18

Da Nang

27°C

Vietnam

16 Nov '18

1mo

19 Dec '18

19 Dec '18
16 Nov '18

Hoi An

27°C

Vietnam

4 Nov '18

12d

16 Nov '18

16 Nov '18
4 Nov '18

Da Nang

27°C

Vietnam

31 Oct '18

1 Nov '18

1 Nov '18
31 Oct '18

Cheongju-si

South Korea

18 Oct '18

16d

3 Nov '18

3 Nov '18
18 Oct '18

Seoul

19°C

South Korea

4 Oct '18

14d

18 Oct '18

18 Oct '18
4 Oct '18

Busan

22°C

South Korea

15 Sep '18

19d

4 Oct '18

4 Oct '18
15 Sep '18

Shanghai

28°C

China

11 Sep '18

14 Sep '18

14 Sep '18
11 Sep '18

Hong Kong

30°C

Hong Kong

2016

5 Feb '16

7 Feb '16

7 Feb '16
5 Feb '16

Graz

9°C

Austria

2015

27 Dec '15

1mo

5 Feb '16

5 Feb '16
27 Dec '15

Munich

5°C

Germany

24 Dec '15

27 Dec '15

27 Dec '15
24 Dec '15

Cham

Germany

14 Dec '15

10d

24 Dec '15

24 Dec '15
14 Dec '15

Munich

5°C

Germany

13 Dec '15

14 Dec '15

14 Dec '15
13 Dec '15

Hagen

6°C

Germany

10 Dec '15

13 Dec '15

13 Dec '15
10 Dec '15

Istanbul

12°C

Turkey

8 Dec '15

10 Dec '15

10 Dec '15
8 Dec '15

Kuala Lumpur

31°C

Malaysia

1 Dec '15

8 Dec '15

8 Dec '15
1 Dec '15

Singapore

30°C

Singapore

28 Nov '15

1 Dec '15

1 Dec '15
28 Nov '15

Langkawi

30°C

Malaysia

25 Nov '15

28 Nov '15

28 Nov '15
25 Nov '15

George TownPenang Malaysia

Malaysia

19 Nov '15

25 Nov '15

25 Nov '15
19 Nov '15

Kuala Lumpur

31°C

Malaysia

14 Jul '15

4mo

19 Nov '15

19 Nov '15
14 Jul '15

Munich

23°C

Germany

12 Jul '15

13 Jul '15

13 Jul '15
12 Jul '15

Kagoshima

28°C

Japan

11 Jul '15

12 Jul '15

12 Jul '15
11 Jul '15

Ibusuki

Japan

10 Jul '15

11 Jul '15

11 Jul '15
10 Jul '15

Kagoshima

28°C

Japan

4 Jul '15

10 Jul '15

10 Jul '15
4 Jul '15

Osaka

29°C

Japan

30 Jun '15

4 Jul '15

4 Jul '15
30 Jun '15

Kyoto

26°C

Japan

28 Jun '15

30 Jun '15

30 Jun '15
28 Jun '15

Nagoya

26°C

Japan

26 Jun '15

28 Jun '15

28 Jun '15
26 Jun '15

Hamamatsu

24°C

Japan

15 Jun '15

11d

26 Jun '15

26 Jun '15
15 Jun '15

Tokyo

25°C

Japan

Expand all 29 trips

🗯 Forum replies

👍

405

👎

Estonia E-Residency & CFC

in Estonia by @edusantorini | 2yr 1 year ago | 7 comments

So, I’ve been looking into e-residency and moving my business to Estonia the past few weeks.
I’m still a tax resident in Germany and therefore fear I’ll be suspect to CFC laws. I somehow can’t find any reliable info on this and I don’t feel like reading through the whole law, so just wondering if anyone knows how CFC laws in EU countries come into practice. What taxes do I need to pay exactly? As soon as I cash out (dividends), as far as I can see I need to pay 20% income tax in Estonia. Then what? Of course, I would need to pay income tax in Germany. What taxes do I need to pay besides these?
And if I keep the money in Estonia/reinvest it, am I right that I wouldn’t need to pay any taxes at all? Only for the money I cash out of Estonia/the business?

I’m by the way not doing this to evade taxes, taxes are secondary. I primarily simply want to move my business activities out of Germany + the all-digital concept and the bookkeeping service of agencies like leapIN are interesting.

👍

405

👎

✨ Recommended destinations

This is an algorithmic recommendation based on @dominikmayer's trips history to find places they haven't been to yet that other people with similar travels as them also went and liked.

Chiang Mai

Thailand

Chiang Mai used to be N.1 for the digital nomad life. It is still great and you can find really cheap apartments (300-400$) and restaurants (2-3$ for a main). Wouldn't recommend staying there during the burning season. The best area is Nimman, but it's also the most expensive. You can stay in the old city that's very nice but that gets noisy during the weekend for the night markets. Last but not least, very safe city. All in all would go back in a heartbeat.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety good

Tap to open

🌧 Feels 32° 90° 27° 81°🥵AQI 26

$1,097 / mo

24Mbps

Canggu, Bali

Indonesia

Bali is amazing, but Canggu isn't really that great -- actually there are SO MANY better places, like Uluwatu, Gili Islands or even Ubud that I can't understand the hype. As almost everyone said below, beaches are crappy, roads are terrible, sidewalks are non-existent and having a motorbike is a must. On the other side, food is great and cafes are pretty reasonable with all those incredible bowls. Anyway I wouldn't recommend it for more than a week.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety good

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🌥 Feels 33° 91° 28° 83°🥵AQI 30

$1,278 / mo

19Mbps

Berlin

Germany

Berlin is overall a great city to be. Food is cheap and everywhere, easy to go out and have fun/meet for business. Rent has crept up but still far better value than where I came from. Internet: 36 EUR/month get me 450/40 mbps (cable -> DOCSIS 3.0) Public transport is 2.70 EUR/ticket. No woman I know has said they felt unsafe. Some really odd, xenophobic sounding comments on here. Biggest downsides IMO: service quality at restaurants - not that people are rude, but they don't seem to particular

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌧 Feels 16° 61° 16° 62°AQI 44

$2,985 / mo

30Mbps

Prague

Czechia

My husband and I spent about 6 weeks testing Prague in Nov-Dec 2018 as we were considering it as a semi-permanent base of operations for the next year or two. Honestly it was great and we plan on leaving Malta where we have been for the past year. Pluses - transportation is very good and quite cheap, tons of restaurants, lots to do. People are more reserved, perhaps even a bit suspicious, so I would not say it was an OVERLY welcoming vibe, however there are a lot of expats from the US, CA, UK

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌧 Feels 17° 63° 16° 61°AQI 59

$1,981 / mo

31Mbps

Taipei

Taiwan

Definitely check out The Key (on near Zhong Xiao Dun Hua station) if living here for more than a month. Cafe + Gym + Bar all in one, monthly membership about $50 USD. English-friendly, no contracts. Made my 3 month stay here immensely better with fast wifi in the cafe and it's a great feeling to be able to work out immediately after working.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety good

Tap to open

🌧 Feels 22° 72° 22° 71°AQI 51

$1,947 / mo

20Mbps

Penang

Malaysia

The noise pollution here is insane. The prayer calls from the mosques seem to reverberate throughout Penang. Seems like they are competing for who can be the loudest. This really ruined Penang for me and I cut my time short.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety good

Tap to open

🌥 Feels 38° 100° 30° 86°🥵AQI 32

$1,088 / mo

17Mbps

Bangkok

Thailand

Don't believe the prices on here for an apartment. 686 usd/month refers to an apartment in a high class condo, right in the city centre and seconds away from the BTS(train station). Just remember this, people working at supermarkets make 2 usd/per hour. If you want to live like a local, then you can save a lot of money. If you don't mind a 5-10 minute walk from the BTS, then you can easily get a one bedroom apartment for 300 USD per month, in a high class condo, plus with free golf cart ser

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety good

Tap to open

🌥 Feels 35° 95° 30° 87°🥵AQI 81😷

$1,421 / mo

25Mbps

London

United Kingdom

London is the best city in the world - you just can't do it on a budget. It's got an amazing tech scene but ALSO world class media, fashion, finance, art industries and many others. If you don't want to live in a tech / expat mono-culture then it's for you. It is a genuine melting pot with a huge range of nationalities and cultures living together (the US has a large number of nationalities but there seems to be hard segregations between them geographically, economically, culturally - so they

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

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🌦 Feels 13° 55° 14° 57°AQI 37

$3,914 / mo

20Mbps

🚩 Flags collected (10 of 276)

🌍 Top countries

Germany

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌧 Feels 16° 61° 16° 60°AQI 28

6mo

$2,851 / mo

31Mbps

Vietnam

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌥 Feels 29° 84° 26° 79°🥵AQI 67

3mo

$911 / mo

11Mbps

South Korea

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

☀️ Feels 12° 54° 13° 55°AQI 60

1mo

$2,130 / mo

21Mbps

Japan

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety good

Tap to open

🌧 Feels 18° 64° 18° 64°AQI 31

28d

$2,731 / mo

26Mbps

China

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 😡 Slow

😀 Fun bad

👮 Safety good

Tap to open

☀️ Feels 18° 64° 17° 63°AQI 89😷

19d

$1,422 / mo

2Mbps

Malaysia

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌧 Feels 39° 101° 30° 86°🥵AQI 46

14d

$1,022 / mo

17Mbps

Singapore

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🚀 Super fast

😀 Fun good

👮 Safety okay

Tap to open

🌤 Feels 38° 100° 30° 87°🥵AQI 71

$2,775 / mo

88Mbps

Turkey

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

☀️ Feels 25° 77° 25° 76°AQI 68

$758 / mo

12Mbps

🛬 Most visits

Munich

Germany

I've lived in Munich for six months during my Erasmus internship. It is a great place to live generally, offering high quality of life, and it would hands down be the best city to live in Germany if: -It wasn't expensive af, especially rent prices -It wasn't almost impossible to find a place to rent (like literally the only way to find is through acquaintances) -Bavaria was less bureaucratic and more tech-progressive -It had more... young people; much of the youth there is because of the two of

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

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🌧 Feels 17° 63° 16° 61°AQI 39

$3,823 / mo

30Mbps

Kagoshima

Japan

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌧 Feels 19° 66° 19° 67°AQI 60

$2,988 / mo

26Mbps

Kuala Lumpur

Malaysia

First time I was in KL was in 2015 as a backpacking student. I stayed for 2 weeks at an airbnb in Bangsar South and I loved it. Met up with Uni friends, made new friends and I really like the relaxed atmosphere, despite being in a huge city. Fast forward, 3 years later, I went by myself to KL for a 3 days stay on a visa run from Chiang Mai. I stayed in a hotel near Bukit Bintang. I actually really didn't like it - I think because I was by myself, in a fairly wild part of the city and got so us

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

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🌤 Feels 42° 108° 31° 88°🥵AQI 62

$1,281 / mo

17Mbps

Da Nang

Vietnam

After having lived here for two months, I've got to say that this must be one of the worst places in Asia. The only reason I am still here is because I'm stuck due to the covid-19 situation. There is nothing to do here, except going for a walk at the beach. No events, no social life, no activities. Mind you, this has nothing to do with the current situation, it was the same before things got shut down because of the virus. The locals don't really like foreigners and you can feel that often, eve

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

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🌥 Feels 29° 84° 26° 79°AQI 65

$956 / mo

16Mbps

Tokyo

Japan

Tokyo has so much to offer and so much to do. It is easily overwhelming. Whereas I usually take my first week to explore a place Tokyo’s sights just kept on going. I remember ending up in a hidden cocktail bar, a mexican rooftop party with 1 meter margaritas, spending a whole day going only to French places(?), visiting a store that only imported 2nd hand hiphop apparel, and throughout it all the best michelin star ramen. It just seemed endless, completely unrelated and incredibly fun. Six wee

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety good

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🌧 Feels 20° 68° 19° 66°AQI 7

$3,193 / mo

29Mbps

Hoi An

Vietnam

I stayed in Hoi An much longer than I planned (10 days) because it was so pleasant. Yes, tourists everywhere. But my hotel was gorgeous and cheap and the wifi was plenty fast for work. When not working I biked out to the beach or through the paddies or into town (too crowded for a bike most times but functional if needed) or just around the countryside. Had some of my friendliest encounters here and as a single woman, always felt safe - night or day.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

🌥 Feels 29° 84° 26° 80°🥵AQI 65

$1,037 / mo

24Mbps

Seoul

South Korea

Really enjoying Seoul so far. It is very hard to make friends at first as not many people will speak English or are too afraid to. Maybe easier in Itaewon. For phone service, I was able to get month to month service on KT with unlimited data for only 35,000 won a month. Check out the desk with a sign in Thai on the electronics floor at IPark Mall connected to Yonsan station for this deal. They speak great English as well.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

☀️ Feels 10° 50° 11° 52°AQI 57

$2,313 / mo

19Mbps

Busan

South Korea

Great place if you like Korean cuisine and fresh fish in general. Haedong Yonggungsa seaside temple is the absolute highlight. Locals are helpful, too bad 8/10 won't speak english. Young people included! Remember: Uber, Grab, Google Maps won't work in Korea, in favour of Kakao app which is pure garbage and all in Korean. And by the way pornography is illegal.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

☀️ Feels 14° 57° 15° 59°AQI 43

$2,130 / mo

24Mbps

🛌 Most time spent

Munich

Germany

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌧 Feels 17° 63° 16° 61°AQI 39

6mo

$3,823 / mo

30Mbps

Da Nang

Vietnam

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌥 Feels 29° 84° 26° 79°AQI 65

2mo

$956 / mo

16Mbps

Hoi An

Vietnam

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

🌥 Feels 29° 84° 26° 80°🥵AQI 65

1mo

$1,037 / mo

24Mbps

Shanghai

China

Shanghai is a giant city and your experience really depends on a few factors like: 1) where you live in the city 2) do you speak basic Mandarin 3) do you make nice money 4) do you have to use the internet If you can afford to live in Jing'an or the French Concession, you can live a fashionable metropolitan lifestyle like you would in New York City. There's amazing food (Asian, Western and fusion). You'll be surrounded by entrepreneurs, artists, fashion designers and models. Many of whom d

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 😡 Slow

😀 Fun great

👮 Safety good

Tap to open

☀️ Feels 18° 64° 18° 65°AQI 80😷

19d

$1,998 / mo

2Mbps

Ho Chi Minh City

Vietnam

It used to have a lot of character and charm but all the construction is making the city lose its culture. Apartments and accommodation are ridiculously expensive. 300 to 500 a month for tiny rooms in a shared house. For single guys go elsewhere. Women here are rude, ultra conservative and have flat personalities with nothing going for them. Food is okay but plenty of MSG and food safety is atrocious. In addition motorists are aggressive and plenty of accidents take place. Don't live here i

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

🌧 Feels 37° 99° 29° 85°🥵AQI 76😷

17d

$1,040 / mo

17Mbps