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Gaming Cheat Software Offshore Incorporation


by @pixels | 2yr  | 1 comment

Greetings Nomads,

I recently closed a US company that was used to sell cheats or hacks for popular games due to imminent litigation.

I have just recently embarked on a similar venture, but working as a contractor. Myself, and my lead developer have just found ourselves in the position of not being paid and will need to re-establish ourselves.

Due to my experience in marketing, distribution and management I know running a company myself would still be a successful venture, I just do not want to run it out of the US.

Due to the nature and risk of litigation from large gaming companies I believe moving offshore will be the path I should take. I spoke with my attorneys, who basically made it sound like it would be impossible to set up without physically living somewhere, based on my past experience with these guys, and paying tens of thousands of dollars to protect myself just for them to say โ€œitโ€™s best to shut downโ€ the moment we were contacted by a gaming company, I am going to assume itโ€™s their lack of experience.

My questions are:

  1. As a service likely in the same realm as Adult Services or Gambling, with myself residing in the US and my Lead dev residing in Europe, what country would be a good option to set up with fair tax that cant easily be pressured by US or European game producers?

  2. In said country should I find and contact legal council there instead of using US attournies to fumble through this charging me exponentially more to just relay info and elongate the process?

Thank you in advance for any assistance.

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@flipchan | 2yr

Hey, shoot me a pm ! (On slack is easiest)

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Read and participate in 14,086 discussions on Nomad List

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Are co-working spaces a good way to meet people in a new city?

 

by @donaldbough | 7d 6 days ago | 0 comments

My fiancรฉe and I are most likely moving to NYC (maybe DC) in August, and as a technical startup co-founder I'd love to meet new people that are also into startups. Would joining a co-working space be worth the money to do this?

I work for a big tech company that has an office in NYC, but it's mainly sales so I wouldn't be able to meet others that are related to any of my 9-5 work or likely into tech.

If co-working spaces, post covid of course, aren't a good way to meet business starting people in a new city, what is?

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Are there any digital nomads in the Islands e.g Bermuda, Barbuda, St. Kitts and Nevis?


in Antigua, Guatemala by @momo11 | 13d 12 days ago | 3 comments

Does anyone ever travel to any Islands like Bermuda, Barbados, Barbuda and St. Kitts & Nevis?

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Is La Gomera a nice place to stay?


in Norway by @kvarsten | 14d 13 days ago | 1 comment

Hi, my name is Eric and I am a remote worker from Norway. Me and a friend is flying into Gran Canaria on Friday and spending two weeks in San Agustin on the south side of the Island.

After that we are pondering about staying in La Gomera. Does anyone of you have an experience staying there or are there anyone of you staying there now? :)

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Ukraine Residency


in Ukraine by @reticle | 18d 17 days ago | 0 comments

I have a slightly above average US income which I can work remotely from paired with a $1000 a month income stream and more than enough to purchase a middle end Flat in Ukraine. Does anyone with knowledge of this process have any advice to acquire a reliable way to stay in the country?

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How to find accomodation in Las Palmas, Canary Islands


in Las Palmas, Spain by @philippg | 20d 20 days ago | 1 comment

Hi, we are trying to find a house to rent for 2-3 persons near Las Palmas for 4-5 months at the moment and it seems to be almost impossible except through Airbnb which is super expensive. Any advises or local contacts?

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Is there a map of countries open for travel now?


in Russia by @vernon99 | 1mo 1 month ago | 8 comments

I have two passports from different countries and am trying to understand where can I travel now. Is there a publicly available map of countries open for visitors by passport country that I can use to see what are my options? I was pretty sure such a thing should exist, but cannot easily find any.

Maybe at least there're maps for specific passports? Mine are Russian and American.

If there's no such thing, I'd be down to build one, let me know if interested to collaborate :)

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Any good coliving or other monthly rentals in Seville?


in Seville, Spain by @antoine_th | 2mo 1 month ago | 0 comments

Hello Everyone

I'm planning to stay in Seville for 6 weeks for mid January - end of February. Do you any recommandations for a coliving or a place to live in?

Thanks ๐Ÿ™

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Are restaurants, cafes and malls working in Mexico City taking into account COVID situation?


in Mexico by @thateverdmitriy | 2mo 1 month ago | 1 comment

I am planning to travel to Mexico City next weekend and stay for 7-10 days there. I wonder if cafes, stores and other places like these work? And if cafes work, do they work as usual or only for take away&delivery? Will be very thankful if someone can help here.

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Where to set up offshore LLC (as an American)?


by @gnefkow | 2yr 1 year ago | 8 comments

Hello,

Iโ€™ve been searching through the forum, but most of the information Iโ€™ve found seems a little old and Americans, unfortunately, seem to be exceptions to a lot of things.

Situation:
Iโ€™ll start a new job with a 1-2 year contract outside the US in about a month, I:

  • am a US citizen - it is the only passport I hold

  • have been using my parentsโ€™ address (Texas) as my official address for the past few years.

  • will be on-sight in South East Asia, but officially billed as a private contractor for the company.

  • will make less than the cut-off amount for the American tax exemption in next year. It is realistic to assume based on my career, though, that in the coming years I will be over that mark.

  • plan to qualify for the 330 rolling days outside of the US

  • Donโ€™t plan to return to the US for at least the next several years, maybe ever for residency.

From research so far, it looks like the best options for me are Belize, though I see a lot of people talking about Hong Kong or Singapore. I know that within the US, Delaware LLCโ€™s are easy to set up, and may be a good short-term option since Iโ€™ll likely qualify for the foreign tax exemption in 2018.

I would love to talk to anyone that has some experience with this as my head is spinning a little bit. Website recommendations would also be great (there is a lot of information out there, but figuring out what is and isnโ€™t sketchy is a bit harrowing - has anyone worked with, like Nomad Capitalist or Flag Theory before?).

Thanks!!

Nomad Capitalist: http://nomadcapitalist.com/
Flag Theory: https://flagtheory.com

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Incorporating offshore for trading cryptocurrency


by @invictus_1 | 3yr 2 years ago | 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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Anybody with a software consultancy having issues finding clients while travelling?


by @raz | 3yr 2 years ago | 4 comments

I recently started running a software consultancy in the UK that specialises in MVP development and onboarding/marketing strategies. I found it relatively easy to get leads by attending networking events (quite a lot here in Edinburgh).

I plan to start travelling soon, though. Has anybody tried to travel while running a software consultancy? Iโ€™m really curious to find out how you handled finding new clients while doing that. Letโ€™s say that if I go networking somewhere in Asia I wonโ€™t find clients willing to spend much on a project (and canโ€™t just pay my employees less because I canโ€™t find good paying projects).

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Anyone here resident in Portugal with incorporation elsewhere in the EU? Need some advice


in Portugal by @solardive | 3yr 2 years ago | 0 comments

Hi everyone!

Currently looking at ridding myself of the 9-5 and becoming a freelance consultant. Iโ€™m not planning to go full erm, โ€œtax optimisationโ€, as I believe in taxes as a concept, but I would like to pay less of them so I can get my business off the ground with more peace of mind.

Iโ€™ve decided I want to apply for the Portugal NHR (Iโ€™m a EU citizen), but I donโ€™t want to incorporate there. Anyone here has experience with being a Portugal tax resident and running a company elsewhere? If yes, where and why did you choose that country/place? Is it a a lot of hassle?

Thanks!

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Advices about tax, location for incorporation, etc


by @anadesigner | 4yr 3 years ago | 2 comments

Hi nomads,

I and my husband are graphic designers and we work from home mainly doing services for UK. We have personal bank account in UK as we lived there for a while and we use it to receive payments and then use transferwise, but we are worried because we have no company there to declare these payments.

We are at the moment in Malta but moving to Portugal soon and we really would like to make the things right to avoid problems but also we need avoid pay lots of taxโ€ฆ I am researching a lot but not sure what to do. Would be very good to have a bit of advice to what way to go, where is the best country to open an offshore business for exemple?
We earn together about 25k euro year (brut).
Any advice or tip would be very welcome.

Thanks!

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How can I find a fair incorporation service in Hong Kong?


in Hong Kong by @otsuka1007 | 4yr 3 years ago | 9 comments

Hello, Iโ€™m thinking about launching a new company in Hong Kong for an international EC business though Iโ€™m not a resident nor have any address, will not live in Hong Kong.
Iโ€™ve googled and found hundreds of incorporation service offices but donโ€™t have any idea which one is trust worthy, and which one is rip-off or con.
Can anybody recommend a specific service or tell me how to find a good service?

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Has anybody with a Hong Kong company been through an Offshore Profits claim?

 

in Hong Kong by @prof | 4yr 3 years ago | 23 comments

Iโ€™ve just hit the 18-month mark of business in Hong Kong ready to submit by first Profit Tax Return. I also have the option of filing an Offshore Profits claim.

The Offshore Profits claim itself seems to be a convoluted, long drawn-out process with significant costs to bare in working with a certified CPA to answer Inland Revenue Department questioning.

Iโ€™d love it if somebody who has been through this already were able to answer the following questions:

  • How long did it take for the claim to be accepted or denied?
  • What was the end result?
  • How much did the IRD dig into each transaction?
  • How much did you pay your agent to deal with the offshore claim?

Any insights are much appreciated! :slightly_smiling:

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Does anybody have experience with setting up an offshore company and bank account in Labuan (Malaysia)


in Malaysia by @nomads_and_drifters | 5yr 4 years ago | 4 comments

Hi there,
We are a husband and wife who travel a lot and have a small company set up in Fiji. We offer services to clients all over the world, but the Fijian banking system isnโ€™t very accommodating for a digital based business with a lot of overseas expenses.

To make our life easier we are planning to set up an offshore company and bank account in Labuan.
We have a Fijian, Belgium and Uk passport but have residency in Fiji.

Does anybody have experience with a situation like this? and any advice how to go about setting up an offshore company and bank account ideally in Labuan (or Singapore)?

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Best way to make money as a software developer?


by @grantlyk | 5yr 4 years ago | 3 comments

So as the title suggests, whatโ€™s the best way to make enough cash to support a lifestyle of coding on the move?

Iโ€™m currently a software developer that works for startups, but when it comes to coding iโ€™m quite happy to more or less code anything.

What iโ€™m mainly asking for is validation that someone currently has this lifestyle from coding and did they find that some ways of using it to make money were easier/had more benefits than others?

Thanks and any responses are welcome.

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Can I have an offshore company but still keep my residency?


by @neutron | 5yr 5 years ago | 3 comments

Hi,

Iโ€™m from the UK and looking at setting up a business offshore. However, Iโ€™m wondering is it possible to become an employee of this offshore company that I set up, while remaining a UK tax resident?

Are there any provisions in the UK tax system surrounding whether you are a sole director of the company etc?

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