edusantorini's travels on Nomad List

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5 Mar '18

2mo

4 May '18

4 May '18
5 Mar '18

Paris

12°C

France

1 Mar '18

5 Mar '18

5 Mar '18
1 Mar '18

Florence

16°C

Italy

5 Feb '18

24d

1 Mar '18

1 Mar '18
5 Feb '18

São Paulo

27°C

Brazil

21 Jan '18

15d

5 Feb '18

5 Feb '18
21 Jan '18

Belo Horizonte

29°C

Brazil

16 Jan '18

21 Jan '18

21 Jan '18
16 Jan '18

Ilhabela

Brazil

2 Jan '18

14d

16 Jan '18

16 Jan '18
2 Jan '18

Belo Horizonte

29°C

Brazil

2017

26 Dec '17

2 Jan '18

2 Jan '18
26 Dec '17

Florianopolis

27°C

Brazil

6 Dec '17

20d

26 Dec '17

26 Dec '17
6 Dec '17

Belo Horizonte

26°C

Brazil

7 Sep '17

3mo

6 Dec '17

6 Dec '17
7 Sep '17

Buenos Aires

17°C

Argentina

30 Aug '17

6 Sep '17

6 Sep '17
30 Aug '17

Miami, FL

31°C

United States

5 Aug '17

25d

30 Aug '17

30 Aug '17
5 Aug '17

Medellín

26°C

Colombia

29 Jul '17

5 Aug '17

5 Aug '17
29 Jul '17

Bogota

15°C

Colombia

20 Jul '17

29 Jul '17

29 Jul '17
20 Jul '17

Belo Horizonte

24°C

Brazil

9 May '17

2mo

20 Jul '17

20 Jul '17
9 May '17

Buenos Aires

18°C

Argentina

🗯 Forum topics

👍

405

👎

Estonia E-Residency & CFC

in Estonia by @edusantorini | 2yr 2 years 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 @edusantorini's trips history to find places they haven't been to yet that other people with similar travels as them also went and liked.

Lisbon

Portugal

Lisbon is the next remote work hub of Europe. There's many reasons why I think that: 1) it already has somewhat of a startup/tech scene because of the annual Web Summit conference 2) which means internet is fast, and there's lots of meetups and it's easy to make friends 3) it's relatively affordable for foreigners compared to Spain and the rest of Europe 4) Portuguese people are super friendly, a lot more friendly than in the rest of the Mediterranean and Europe 5) Lisbon is ideal to go on day/w

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety good

Tap to open

🌥 Feels 14° 57° 14° 56°AQI 28

$2,057 / 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 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌫 Feels -4° 25° -1° 31°AQI 16

$3,041 / mo

32Mbps

Mexico City

Mexico

We stayed here for two months. This was an amazing experience. I plan to move back for a longer time. We came here from Los Angeles, we lived in Polanco and Roma, both great but I would recommend Roma as it has a younger crowd, a bit more active, and cheaper. Even with going out to dinner several times a week still found a hard to spend beyond $25 USD for a meal, even in more expensive neighborhoods like Polanco with amazing food around every corner!! It felt very safe and there were police

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety bad

Tap to open

🌥 Feels 19° 66° 19° 66°AQI 82😷

$1,490 / mo

18Mbps

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 28° 82° 26° 79°AQI 82😷

$1,107 / mo

22Mbps

Barcelona

Spain

During winter is quite safe plus much cheaper. Some nightclubs are free and yet there is still a lot of people. Great por lgbtq+ community.

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌥 Feels 11° 52° 11° 52°AQI 33

$2,914 / mo

30Mbps

Prague

Czechia

I visited Prague on more than one occasion and tried something new each time. I really wanted to enjoy it, but unfortunately it turned out to be one of my least favourite cities. Perhaps it was just me, but there was an overwhelming sense of distrust and dislike towards foreigners, you have to try pretty hard to blend in if you want to experience the life of a local & avoid the tourism. I met some wonderful people and and there’s some cool communities to be part of, but another extended stay

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌥 Feels -3° 27° -1° 29°AQI 14

$2,120 / mo

35Mbps

Singapore

They say you get what you pay for. After having traveled the previous 4 months in India, Cambodia, VietNam, Myanmar and Thailand, Singapore was so easy! The subway system is a marvel, streets signs were easy to read, everyone speaks English (that just makes it easy for me as an English speaker) it is safe, clean, and parks are gorgeous. I was there as COVID 19 was breaking out fairly fast and that put a damper on my time but I was so happy to be there anyway and plan to go back. For digital

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🚀 Super fast

😀 Fun good

👮 Safety okay

Tap to open

🌤 Feels 34° 93° 29° 84°AQI 50

$2,867 / mo

95Mbps

Budapest

Hungary

I stayed here for a month in July last year. There's lots of cool aspects to the city but I hated it when I was there. The city has a problem with British stag parties, so if you look like you're a British male and speak English expect to be treated with disdain (it's fair enough) The Hungarians can just generally be unfriendly, especially bartenders. It's a weird experience waiting to be served while 3 people ignore you. Or buying the same drink and getting charged whatever they want (700-1500

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

☀️ Feels -2° 28° 0° 33°AQI 42

$1,524 / mo

39Mbps

🚩 Flags collected (6 of 276)

🌍 Top countries

Argentina

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🙂 Good

😀 Fun good

👮 Safety bad

Tap to open

🌥 Feels 30° 85° 27° 81°AQI 23

5mo

$1,092 / mo

7Mbps

Brazil

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🙂 Good

😀 Fun okay

👮 Safety very bad

Tap to open

🌧 Feels 32° 90° 27° 81°🥵AQI 24

3mo

$1,093 / mo

9Mbps

France

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌥 Feels 4° 39° 7° 43°AQI 24

2mo

$3,524 / mo

26Mbps

Colombia

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🙂 Good

😀 Fun okay

👮 Safety very bad

Tap to open

🌥 Feels 24° 75° 24° 76°AQI 53

1mo

$1,081 / mo

9Mbps

United States

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety very bad

Tap to open

☀️ Feels 7° 45° 8° 47°AQI 29

$3,216 / mo

42Mbps

Italy

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌤 Feels 5° 41° 6° 42°AQI 67

$3,679 / mo

15Mbps

🛬 Most visits

Belo Horizonte

Brazil

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun bad

👮 Safety bad

Tap to open

🌥 Feels 25° 77° 25° 78°AQI 25

$840 / mo

21Mbps

Buenos Aires

Argentina

Been living here in Buenos Aires for almost three years. Right now, it's (relatively) cheap. I mean, it isn't for the people who currently lives here but it's if you're a foreign, as the inflation keeps going on the peso isn't that worthy now. But, as I'm saying, if you come with dollars is going to make a huge difference. (3 years ago: 20 pesos= 1 USD. June 2020: 95 pesos= 1 USD. and if you're selling dollars in the informal market they will pay you $124. and with that you can buy two small

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety bad

Tap to open

🌥 Feels 29° 84° 27° 81°AQI 3

$741 / mo

19Mbps

Bogota

Colombia

Nice city. Need cash in many places still hence long lines for ATMs. Safe. Pretty. Goes from cloudy to sunny to cloudy to sunny. Take a bike tour to see the city. I stay in Chapinero which was nice. There a gym called Body Tech and they'll let you work out there for free your first time. No water fountains though so bring your own.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety very bad

Tap to open

🌥 Feels 17° 63° 17° 62°AQI 107😷

$1,096 / mo

14Mbps

Medellín

Colombia

We loved Medellin! Poblado is a magical enclave, unlike most of Medellin. Amazing restaurants, lots of nature, friendly people, gorgeous women, fast internet, tons of places to work.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety very bad

Tap to open

🌧 Feels 22° 72° 22° 72°AQI 76😷

$1,065 / mo

11Mbps

Miami, FL

United States

I guess if you're a nomad this doesn't matter much, but the long-term job pickings here are slim and among the most underpaid for a US city. There seems to be a tacit rent floor that means you won't find a good deal on housing. A lot of people don't seem very invested in their interpersonal relationships here since their ties to the area are often transient.

⭐️ Overall Score

💵 Cost 🧐 Too expensive

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety very bad

Tap to open

🌥 Feels 21° 70° 21° 71°AQI 28

$4,143 / mo

42Mbps

Florianopolis

Brazil

One of the best places in Brazil. Beaches, hiking trails, connection with other Brazilian cities by air and the flights are not that expensive. I stayed there in April-June. No tourists, prices go down, everything is calm. Definitely it's the best in shoulder season (March-April or October-November). It can be noisy and pricey in the summer. People very friendly like everywhere in Brazil. I rented a studio room for 350$ in a nice quiet neighbourhood in 2019.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🙂 Good

😀 Fun great

👮 Safety bad

Tap to open

🌧 Feels 32° 90° 27° 81°🥵AQI 24

$1,274 / mo

10Mbps

São Paulo

Brazil

I like São Paulo, but I don't love it. It's pretty boring in my opinion. Probably because I love Buenos Aires so much and it just does not compare. Also for the 4 months (September - January) I was there, it was cold, overcast, and rainy 85% of the days. It was pretty depressing! Other than that, it's pretty safe overall for Latin America. Also, I really appreciate how people here take COVID more seriously than in a lot of other places in Brazil. If I had to do it again, I would stay near

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety bad

Tap to open

🌧 Feels 30° 86° 27° 80°AQI 57

$1,239 / mo

15Mbps

Florence

Italy

Fantastic to visit... picturesque, amazing food and wine, cathedrals, museums, galleries, you name it. All without being as large and chaotic as Milan or Rome; you can really see all the hotspots within a day or two. It's hard to anticipate what the post-Corona experience will be like but the pre-Corona life was dominated by tourism with several large walking tours of cruise passengers clogging the streets, which can obviously get frustrating and ultimately off putting. It's an extremely arty an

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌥 Feels 7° 45° 8° 47°AQI 85😷

$3,314 / mo

15Mbps

🛌 Most time spent

Buenos Aires

Argentina

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety bad

Tap to open

🌥 Feels 29° 84° 27° 81°AQI 3

5mo

$741 / mo

19Mbps

Paris

France

Super fun and beautiful city. I find Parisians are actually very patient and warm if you at least attempt to speak French; in my experience, most people who complain that they're rude are the ones making zero effort to speak the language. Expensive though and not very easy to meet other nomads.

⭐️ Overall Score

💵 Cost 🧐 Too expensive

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

2mo

$4,283 / mo

29Mbps

Belo Horizonte

Brazil

⭐️ Overall Score

💵 Cost 😝 Cheap

📡 Internet 🏎 Fast

😀 Fun bad

👮 Safety bad

Tap to open

🌥 Feels 25° 77° 25° 78°AQI 25

2mo

$840 / mo

21Mbps

Medellín

Colombia

We loved Medellin! Poblado is a magical enclave, unlike most of Medellin. Amazing restaurants, lots of nature, friendly people, gorgeous women, fast internet, tons of places to work.

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety very bad

Tap to open

🌧 Feels 22° 72° 22° 72°AQI 76😷

25d

$1,065 / mo

11Mbps