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2017-10
2020-01

@pras_k

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7

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19,479

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4

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 14 Jan '207d21 Jan '2021 Jan '20
14 Jan '20

Mexico City

19ยฐC
Mexico
2019
 4 Aug '194d8 Aug '198 Aug '19
4 Aug '19

Mexico City

22ยฐC
Mexico
 
 19 May '194d23 May '1923 May '19
19 May '19

Mexico City

25ยฐC
Mexico
 13 May '192d15 May '1915 May '19
13 May '19

Albuquerque, NM

22ยฐC
United States
 
 24 Apr '1915d9 May '199 May '19
24 Apr '19

Amsterdam

14ยฐC
Netherlands
2018
 30 Aug '1810d9 Sep '189 Sep '18
30 Aug '18

Toronto

24ยฐC
Canada
2017
 17 Oct '173yr17 Oct '2017 Oct '20
17 Oct '17

Vancouver

13ยฐC
Canada

๐Ÿ—ฏ Forum topics

๐Ÿ‘
312
๐Ÿ‘Ž

Best place to set up a company selling digital services?


by @pras_k |  | 10 comments

Whatโ€™s the best place?
For residency Iโ€™m looking at Portugal and they have the NHR (non habitual resident) program which would exempt dividends from foreign income.
So all Iโ€™m really looking for is the best place to actually start the company.
Biggest factors are of course low taxes and ease of setting up the company plus a business bank account that enables me to receive payments through Stripe.

What I found so far:
Hong Kong
Corporate tax rate of 16.5% (8.25% for the first HK$2 million)
โŠ•/โŠ– offshore income from outside HK is exempt from taxation but itโ€™s not clear whether this can be done in the first year and prorated or if itโ€™s only through filing the offshore exemption claim. This might take two years and requires not income from HK at all. More info on that would be great
โŠ– seems very difficult to get a business bank account
โŠ– necessary services and fees are roughly around โ‚ฌ2000 / year
โŠ– accounting requirements seem to be very strict
โŠ• Doesnโ€™t require local partner
โŠ• Agencies available that seem to handle most of the work

Singapore
Corporate tax rate of 17% (0% on the first S$100k, 8.5% up to S$300k)
โŠ– requires a local director. What are the implications of this?

Malta
Corporate tax rate of 35%
There is the โ€œfull imputation systemโ€ but I donโ€™t really understand it.
"In most cases, the tax refund to the shareholder is 6/7 of the tax paid by the company on profits distributed as dividends. The tax refund rate may be different in the following cases: " This would result in an effective corporate tax of around 5%.
โŠ– European customers would have to pay VAT and Iโ€™d have to deal with that

Cyprus
Corporate tax rate of 12.5% and there seem to be ways to lower this
โŠ– European customers would have to pay VAT and Iโ€™d have to deal with that
โŠ– requires staying in Cyprus for 2 months / year

I find it surprising how much research this requires and how much โ€œit dependsโ€ information is out there when Iโ€™d assume that there are probably thousands of digital nomads who probably have very similar requirements.

๐Ÿ‘
312
๐Ÿ‘Ž
๐Ÿ‘
25
๐Ÿ‘Ž

Affordable way to incorporate in Singapore?


in Singapore by @pras_k |  | 1 comment

Is there an affordable way to incorporate in Singapore?

I asked an agency and they charge around SG$11000 for the whole package.
Iโ€™d like to find a cheaper option since Iโ€™m just starting out.
Any recommendations?

๐Ÿ‘
25
๐Ÿ‘Ž

๐Ÿ—ฏ Forum replies

๐Ÿ‘
5
๐Ÿ‘Ž

Staying outside major cities?


by @malaclypse |  | 7 comments

My question is about the actual experience of staying outside of major cities, as well as where/how (on this site or elsewhere) to search to find questions and discussions about the same.

Sometimes I like being in the big city, but sometimes I like being away from it. For many people with โ€œregular jobsโ€ you have little choice but to be in a big metro area since thatโ€™s where the jobs are; for me, part of the appeal of considering DN is sometimes being able to work someplace quiet, remote, secluded and beautiful- rather than a concrete jungle.

Iโ€™m curious whoโ€™s actually done stuff like this. Because while it sounds great, I could also imagine all sorts of unpredictable problems that might not be an issue when one is way off the beaten path that wouldnโ€™t come up if one were in a big metro area.

๐Ÿ‘
5
๐Ÿ‘Ž

๐ŸŒŽ Regions collected (3 of 9)

๐Ÿšฉ Flags collected (4 of 276)

๐ŸŒ Top countries

  • Canada

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    โ˜€๏ธ Feels 19° 66° 19° 66°AQI 20
    3yr
    $3,022 / mo
    24Mbps
    ร—
  • Netherlands

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Too expensive
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    โ˜€๏ธ Feels 29° 83° 27° 80°AQI 63
    15d
    $4,101 / mo
    41Mbps
    ร—
  • Mexico

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ˜™ Affordable
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    ๐ŸŒฅ Feels 33° 91° 28° 81°AQI 37
    15d
    $1,323 / mo
    13Mbps
    ร—
  • United States

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    โ˜€๏ธ Feels 29° 84° 28° 83°AQI 38
    2d
    $3,248 / mo
    44Mbps
    ร—
  • ๐Ÿ›ฌ Most visits

  • Mexico City

    I'm the one who left the review complaining about how people don't speak English 2-3 months ago. I think it's only fair to leave another review as I projected a pretty negative overall picture of the place. I came back a second time and boy, I'm glad I did. The language barrier didn't disappear, but I came with a different mindset and made efforts to learn some basic Spanish. Being able to explain how you want your coffee even makes a huge difference. Mexican people are kind and warm-hearted.

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ˜™ Affordable
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    ๐ŸŒฅ Feels 22° 72° 22° 72°AQI 38
    3x
    $1,414 / mo
    21Mbps
    ร—
  • Vancouver

    Read the review that starts "I live here and I can tell you that many of the stats listed are wrong" - its spot on accurate I will add to that - Vancouver is brain-numbingly boring and dead. There is noticeable and toxic mix of pedestrians, cyclists and car drivers. Mix in a very Vancouver trait of entitlement, and watch the the passive aggression fly. Vancouverites generally are a cold bunch making it difficult for newcomers. Worst of all they believe in their own created hype that live in

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    ๐ŸŒฅ Feels 19° 66° 18° 65°AQI 9
    1x
    $3,652 / mo
    30Mbps
    ร—
  • Toronto

    Much nicer than people would have you think. Too many locals seem to be under the impression that it's the busiest, most expensive city in the world. These people clearly haven't travelled much. Not saying it's cheap, but for a big city in an English speaking country it's about what you'd expect, if not cheaper. Pros: - Hot humid summers, gorgeous orange autumns, cold snowy winters. If you like distinct seasons this is a great place to be. Winter is about 4-5 months, from Nov-Mar. Ignore every

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    โ˜€๏ธ Feels 18° 64° 18° 65°AQI 17
    1x
    $3,365 / mo
    24Mbps
    ร—
  • Albuquerque

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    โ˜€๏ธ Feels 35° 95° 36° 96°๐ŸฅตAQI 42
    1x
    $3,005 / mo
    39Mbps
    ร—
  • Amsterdam

    Housing is an issue (so cost of living is high) but the city is beautiful and summer in Amsterdam is hard to beat with all the cultural activiies and music festivals. Would not want to live in the actual city center (inside the "grachtengordel") but have been living in East for over 2 years now and aside from the price (and size) of apartment life is just good here. Biking everywhere is bliss. Winter can be cold though.

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Too expensive
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    โ˜€๏ธ Feels 28° 82° 26° 80°AQI 65
    1x
    $4,908 / mo
    23Mbps
    ร—
  • ๐Ÿ›Œ Most time spent

  • Vancouver

    Read the review that starts "I live here and I can tell you that many of the stats listed are wrong" - its spot on accurate I will add to that - Vancouver is brain-numbingly boring and dead. There is noticeable and toxic mix of pedestrians, cyclists and car drivers. Mix in a very Vancouver trait of entitlement, and watch the the passive aggression fly. Vancouverites generally are a cold bunch making it difficult for newcomers. Worst of all they believe in their own created hype that live in

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    ๐ŸŒฅ Feels 19° 66° 18° 65°AQI 9
    3yr
    $3,652 / mo
    30Mbps
    ร—
  • Amsterdam

    Housing is an issue (so cost of living is high) but the city is beautiful and summer in Amsterdam is hard to beat with all the cultural activiies and music festivals. Would not want to live in the actual city center (inside the "grachtengordel") but have been living in East for over 2 years now and aside from the price (and size) of apartment life is just good here. Biking everywhere is bliss. Winter can be cold though.

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Too expensive
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    โ˜€๏ธ Feels 28° 82° 26° 80°AQI 65
    15d
    $4,908 / mo
    23Mbps
    ร—
  • Mexico City

    I'm the one who left the review complaining about how people don't speak English 2-3 months ago. I think it's only fair to leave another review as I projected a pretty negative overall picture of the place. I came back a second time and boy, I'm glad I did. The language barrier didn't disappear, but I came with a different mindset and made efforts to learn some basic Spanish. Being able to explain how you want your coffee even makes a huge difference. Mexican people are kind and warm-hearted.

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ˜™ Affordable
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    ๐ŸŒฅ Feels 22° 72° 22° 72°AQI 38
    15d
    $1,414 / mo
    21Mbps
    ร—
  • Toronto

    Much nicer than people would have you think. Too many locals seem to be under the impression that it's the busiest, most expensive city in the world. These people clearly haven't travelled much. Not saying it's cheap, but for a big city in an English speaking country it's about what you'd expect, if not cheaper. Pros: - Hot humid summers, gorgeous orange autumns, cold snowy winters. If you like distinct seasons this is a great place to be. Winter is about 4-5 months, from Nov-Mar. Ignore every

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    โ˜€๏ธ Feels 18° 64° 18° 65°AQI 17
    10d
    $3,365 / mo
    24Mbps
    ร—
  • Albuquerque

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    โ˜€๏ธ Feels 35° 95° 36° 96°๐ŸฅตAQI 42
    2d
    $3,005 / mo
    39Mbps
    ร—
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