U038Y0DB0LTbr /> I think it's the most productive to focus on finding 2 one for Estonia, and one for Portugal.
On the Estonian side, I'm very happy with Xolo (been using them since 2016), and Magrat (for more legal questions, using them ad-hoc since earlier this year).
On the Portuguese side, I don't know. I had this problem with Estonia+Poland. And a tax advisor working with the local accounting company in PL clarified things for me a lot.
E-residency doesn't really mean anything - it may only mix things up for the tax advisor in Portugal. Focus on the question "I am a director/employee/owner [or any combination of this] of the Estonian company, residing in Portugal, how do I tax that?". Then they can look up for the equivalents of Estonian income categories in Portugal, specific tax treaties, and tell you what to do based on that.

It's cheaper to have 1h consultations with 20 different international tax experts. Then come up with your own decision and execution is pretty easy as well

Yes. And have also hired through them. Happy to answer any questions you have

What do you guys & girls think about this scenario :eyes:

Living in either the Philippines, Thailand or Malaysia for 6+ months per calendar year to be considered a tax resident where foreign income isn't taxed to live an income tax-free lifestyle. Is this possible and has anyone in here done it? burning-money

sure, I've seen some people do that, like I think wanderingdev who's no longer a member. there is a problem how to proof to your home country that you're no longer a tax resident there and it's not an easy one

Just be aware that Thailand plan to tax foreign income from 1st Jan 2024

Also if your citizenship country finds out you have been paying taxes to no one, they could retroactively declare you a tax resident and give you a huge tax bill. Living tax free is super risky

Basically, if you receive tax residency proof in zero-tax country - your plan is 100% possible.

Somewhat Bulgaria-specific (but maybe much of EU is the same) I’m a USA + EU dual citizen, lived mostly in the USA until recently. I’m in Bulgaria now. I’m considering applying for a 5 year residency card in Bulgaria. But I’m also considering leaving after ~9 months, spread across 2 years so that I’m in BG for less than 6 months in any given calendar year … which would put me under the threshold for needing to file a tax return in BG. My question is would having a long-term residency mean I need to file a return anyway? Do I need to “relinquish” my residency on the way out or something, to alert them not to expect a tax return?

Your income is considered locally sourced if you live there, it doesn't matter where your employer is. Foreign income is generally going to mean some kind of passive income rental income, or dividends, etc

you want to look at low tax countries such as uae, georgia, bulgaria, cyprus, etc

Already a tax resident in Bulgaria, trying to lower it a bit more now 😄

If you had to choose one country to set up your company, which one would you pick and why?

US, because:
• I’m a US citizen so I have to deal with US taxes and legalities already.
• US business banking is excellent.
• Things like IP rights are more enforceable than most places.
• US companies are very scalable (probably no better environment for bringing on investors, going public, etc.)

ykeufzk which state would you incorporate in?

etyoyorgk if you have a physical address somewhere to use I’d look hard at that state first because it would remove the costs of having a mail service to receive state notices, but otherwise standwithmainstreet.com/best-state-to-form-an-llc-for-an-internet-business/|Delaware has a good reputation. I’ve had good experiences with Utah.

Interesting, I've heard a lot about Delaware, mostly for companies that want venture capital, but I've heard there are other states that are great for saas bootstrapped companies

I wouldn’t count on that. 😆 Certain states like to pretend they are their own country, but defying the federal government only lasts as long as there isn’t a court order.

It seems like for non US citizens US is also a great option, especially for nomads

Hi guys, I got a question for all EU citizens that have a company in Portugal? How do you handle your taxes and how long do you actually stay in your home country vs Portugal? Tnx a bunch Tom, you can also dm me 😀

Any Australian in this channel that has moved offshore?

Yes 🙋‍♀️

Can anyone recommend good accounting and bookkeeping specialist/company who can help with
UK and EU VAT? and international taxes in general

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I did when I was 19, lol... probably a different situation

ioblkgiufpssdi how long ago was that? Jajaja and what did you have to do? Might be different but any advice counts. Were you working for a Mexican company or abroad? Or not working jaja

you probably read through this? www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/leaving-canada-emigrants.html|https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/in[…]ng-entering-canada-non-residents/leaving-canada-emigrants.htmlbr />
It really depends. I was not making a lot of money, so they didn't really give me an issue. I think I got a bill for healthcare like a year after living in Mexico and I called and said I'm not living in Canada and they said oh ok and cancelled it.

But if you make decent money, and you want to stop paying taxes in Canada, you may have to "prove" you are moving and not returning in the foreseeable future. biggest things are are you still renting a place? if you own your house, are you renting it to someone else, etc.

Thank you!! ptbasafxsasfdt I have! I’m not renting and wont have any “significant ties” because I don’t own property or have significant investments. I’m planning to apply to the Mexican temporary residency through economic solvency which is pretty easy to obtain but my understanding is that that’s not enough to be considered a non-tax resident of Canada because I wouldn’t be paying taxes in Mexico (since my income comes from a US company, not Mexican). So I’m a bit scared of making the move and then find out I still need to pay in Canada. I also don’t earn thaaat much, but want to make sure I’m compliant. Are you planning on moving to Mexico?

no, I applied for a visa in Taiwan actually

That’s helpful! Thanks a lot 🙂 I am a contractor with a US company

are you an American citizen or green card holder? I'd be more worried about the US side lol

I am none jaja

that's good

Hi kwahtumcop I know a good one in Bulgaria who can file EU VAT taxes for digital nomads. I was discussing doing this for digital nomads selling all around Europe with him. To arrange this for reasonable costs, hassle-free. I could forward you to him if you send me a PM. I'd like to know if others believe there is a need for that. We'll be one of many, but with a more complex world selling cross-country, there must be some need for this? Would not mind working together with Nomad List on this, tbh. 💡

yes please! I would really appreciate if you could send me the details.

There are a lot of companies out there but everyrone is good on paper (website in this case) - then year later turns out you have some major compliance issues

hence I am looking for recommendations 🙏

Yup. Please send an email to ill forward ur details to my accountant there.

how long have you been out of australia for UCVCAKV9D? i know this isn't the best place to ask, but i'll be going away long term in a new few months and im curious if theres any tax benefits to living out of australia long term, but still being a citizen

Since 2014. It depends where you decide to move to, since you’ll have to pay tax somewhere but ideally you move to a lower cost of living location and then you can save on tax.

wow nice. im going to be moving around every 3 - 6 months or so, and won’t be a tax resident anywhere else, but somewhere along the line i got the idea that not being physically located in australia for ~12 months would have an impact on the tax you pay 🤔

It's not possible to not be a tax resident anywhere. If you don't become a tax resident somewhere else, then you'll remain a tax resident of Australia.

i understand that - but that doesnt mean it wouldnt have an effect on it. im taking from what youre saying that in your experience there is no difference in tax while living in / out of australia?

It’s no different in your case, since you’ll still be an Australian tax resident.

This might be a helpful 🔗 www.ato.gov.au/Individuals/Coming-to-Australia-or-going-overseas/Residency-tests/Australian-and-foreign-resident-examples/#EmilyteachinginJapan|https://www.ato.gov.au/Individuals/Coming-to-Australia-or-going-overseas/Residency-tests/Australian-and-foreign-resident-examples/#EmilyteachinginJapan

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