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2020-10
2020-10

@simonl

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๐ŸŽ–5yrs |


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๐Ÿ—ฏ Forum topics

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Where are the more hippy places in South and Central America


by @simonl |  | 4 comments

Hi,

Iโ€™m looking for places in Central and South America that have more of a hippy vibe - yoga, good vegetarian/vegan food and good internet.

Let me know where youโ€™ve been.

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Any DN's working on Blockchain projects


by @simonl |  | 1 comment

Hi,

Just wondering about how possible it is to work on a blockchain project as a DN and if its any different to other types of projects. I have a concept Iโ€™m interested in exploring further but a newbieโ€ฆ

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What work should I do as a DN?


by @simonl |  | 4 comments

Hi everyone,

Iโ€™m having a bit of a difficult time trying to decide what to do thatโ€™ll allow me to make an income and be location independent.

2 years ago, after being in corporate IT software sales for 10 years I have basically just been traveling around, mostly in Asia. Its been great having no goals and its given me the time to recover from a burn out, work on myself and see opportunities in life again.

My challenge is that I see so many different things I could possibly do but havenโ€™t yet committed to one. I can easily get excited about something for a while but then it fades out. I also dont have any experience running my own business or in any other industries which is sometimes daunting.

Iโ€™m in a fortunate position that I have a monthly income to survive but Iโ€™m not making/saving money and feel like Iโ€™m ready to get stuck into something.

Iโ€™ve done my sailing skippers license, busy with NLP certification, working on a blockchain concept, working towards my permaculture design course certification and interested in Eco and sustainable living. Have half created a website. I want to help people while I live in a warm climate, leading a healthy and active lifestyle. And I listen to too much Alan Wattsโ€ฆ

Any tips or ideas?

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๐Ÿ—ฏ Forum replies

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Introduce yourself โ€” who are you, where are you and what do you do?

 

by @coffeeshopceo |  | 672 comments

tl;dr: introduce yourself in this thread.

We must all get sick of the same backpacker travel questions when we meet new friends, I know I do.

You know the ones - where are you from, whereโ€™ve you been, where are you going, what do you do, how long have you been doing it - etc.

The novelty of answering these questions wears off after maybe a week, but theyโ€™re nonetheless insightful and no matter how much we hate them, we find ourselves asking others.

So letโ€™s bring the dreaded backpacker questionnaire to NomadForum and introduce ourselves shall we?

**

  • whatโ€™s your name?
  • where are you from?
  • how long have you been away from home?
  • what do you do?
  • where are you currently?
  • where are you going?
  • what has been memorable for you so far?
  • will you go home anytime soon?
  • what have you learnt during your time as a nomad?
  • [insert your own question here]

**

No need to answer them all if you donโ€™t want to :smile:
But the more you shareโ€ฆ The merrier!

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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.

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Where are the nomad hot spots in Central and South America?

 

by @jb510 |  | 106 comments

The last few years Iโ€™ve spent mostly in Asia (Thailand/Indonesia) and Europe (Spain/Italy), but I run a company in the US and need to coordinate with 10 US based employees and business partners. The time zone issues between EU/US and SEA/US are exhausting even if I love the locales.

Iโ€™d really like to try romping around the Americas for a while, but Iโ€™ve never been south of Baja California and really canโ€™t find much positive having been said about remotely working from CA/SA as a DN.

I know some hippy, surfer, artist, musician, yoga teacher types calling various locals home, but no one making a living onlineโ€ฆ more than a few people have told me itโ€™s fabulous down there until you go to Thailand/Bali and then you wonder why all those ExPats are suffering in CA/SA. Of course you only really know when you go yourself.

Iโ€™d love to see nomadlist.io get filled out with more details on Central and South American cities. It seems really sparse coverage at the moment, but maybe thatโ€™s simply because itโ€™s not good and no one stays there for long.

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Incorporating offshore for trading cryptocurrency


by @invictus_1 |  | 3 comments

Hello everyone,

I am a resident of Canada and I just found this site. I have been involved in cryptocurrency since 2011. I have been taking a bit of profits and paying capital gains taxes on my withdrawals for the 5 years. The problem is, 2018 is going to be a big for me because I have some investments that I expect to 10x in value. If I proceed with active trading the gains are getting to be so much that they are really going to cut into my bottom line.

I would like to incorporate offshore somewhere so I can trade in a companyโ€™s name and then pay myself a wage through that company that I can pay taxes on. What would be the best location to do so?

I have looked at Hong Kong because I am in the area fairly often (living in Phuket now) but it seems that there are a lot of hidden costs to the 0% tax rate according to this thread:

Would someone be able to offer advice or point to someone who can?

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How do I work remotely from India and stay connected?


in India by @natalie1 |  | 16 comments

I am going to India for a few months and am planning on going to Kerala, Goa, Varanasi, Dharamshala, Rishikesh. What phone company has the best coverage and data speeds for those places, or India in general?
I also heard of people using a wifi stick to work remotely while traveling in areas where you may not be able to find a coffee shop, hotel, etc, with reliable wifi. What company sells the best one of those and where can you get it?
Thanks!

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What's the best surf spots in California or South America?


in Cali, Colombia by @rynesweeney |  | 8 comments

I am currently living in Medellin until February. I want to find some of people favorite spots for surfing and community. I have heard Nicaragua and Guatemala have many options.

Multiple one month or more stays in countries below the US (CA, SA, Caribbean as all?). Spanish isnโ€™t a problem. Safety, internet, and surf are priorities. Ive heard good things about Panama and CR but they amount of gringos currently in these places is sort of a turn off (Im a gringoโ€ฆbut that is my preference). Budget is sub $1500/month.

Thank you for the suggestions!

Ryne

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Anyone use FlyOnward?


by @jeremyluebke |  | 14 comments

Anyone here use FlyOnward.com?

Seems legit but due to how the tickets are only good for 24/48 hours I want to make sure everything is on the up and up and Iโ€™m not stuck at the border.

Thanks for any guidance.

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Is anyone here an "investor" nomad?

 

by @gizmocaca |  | 22 comments

Hi. Newbie here.
Wondering if anyone here has expertise in being an โ€œinvestorโ€ nomad where you travel and live off investment income? Iโ€™m contemplating fleeing the rat race and wanted to throw out a few thoughts and ideas.

Have a UK passport so donโ€™t get taxed on worldwide income whilst non-resident.
Iโ€™m thinking of residency in Malaysia (MM2H) or Philippines (Retirement visa).

In terms of generating tax efficient income:

  • HK, Singapore and UK donโ€™t withhold tax on equity dividends or preference shares
  • USA doesnโ€™t tax capital gains (but has nasty estate taxes on equities) for non-residents
  • USA debt securities (CDs/corp debt) do not withhold tax (w8-ben)
  • USA based p2p lending should be same as debt securities asset class hence no withholding
  • Eurobonds do not withhold tax on interest payments (look to have a spread of local currency bonds).

Would look to supplement by buying property (have my eyes on a few places in Philippines) to rent out. Would also look to invest in local businesses wherever I find opportunities.

Appreciate any advise or insight people might have!

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