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Is Singapore a good nomad and business base?


in Singapore by @msurocks99 | 5yr  | 11 comments

I am thinking to change my base to Singapore .

I have some queries regarding it,

Hacks of Price of Living : I donโ€™t want to live in hostels where 4/8 persons live in a room, want to live in a room may be in a shared apartment, gym and other facilities would be nice, I am getting in 800 to 1000 SGDโ€™s pretty good Condo rooms, can I turn it down to 500-600 ?

Food : I stayed there for a month recently, so pretty much know the food hacks now, if I am eating at home its cheap and hawkers places are also cheaper.

Howโ€™s it for business Base ?

I run a Software Development Company mostly into building MVPโ€™s for Startups and running extension teams for SMEโ€™s. So I think it will be pretty good for me based in Singapore for finding new opportunities and Client Communications.

What do you think about it and any suggestions would be great.

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@ms_maire | 4yr

Singapore is an expensive country.

So for as running a business, it is an excellent place to run a company from in some ways. Tax is low (15%) and its easy to get a local nominee director (about $2k a year). Set up costs on a company are about 5K. You will need about a 5K deposit into local bank account to open one up.

Running a company out of Singapore as a nomad is a nightmare. Their banking system is archaic. They still manually approve international transfers, for example. Their fraud and identity regulations are the toughest ever. If you are used to using PayPal in US or Aus or basically anywhere else, you will get a nasty shock when dealing with PayPal Singapore who will constantly limit your account for volume variations. I usually have to ring PayPal in order to be able to login to my PayPal account because if I am overseas (not in Singapore). they will autoamtically lock the account.

Recommended if you want to reduce taxes and have a higher volume business not recommended if you are a typical digital nomad.

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@msurocks99 | 4yr

Currently I am a typical Business Nomad. But do I want to be a high volume business person ha ha :smiley:

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@them | 5yr

Rent is very expensive in Singapore. The main issue will be the lease. Usually you will have a lease and if you break it you end up loosing a lot of money. Most rentals, even for rooms in a flat share, go through agents, so you always pay a considerable fee. I am not sure if they changed the laws but some years ago, almost everyone could be a real estate agent - and most of them had no idea of what they were doing. Same goes for the office, that you will most likely rent, because you probably don t want to live and work in 5 m2 roomโ€ฆ

As for the Visa and requirements to open a business - I am not exactly sure what the status is, but it is definitely not cheap.

Unless you make some serious cash directly with clients in Singapore, I would consider other options in SEA and regularly come to Sing to meet potential clients.

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Singapore is hugely expensive and you need a company to sponsor a work permit.

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@nomadtax | 5yr

Getting a resident permit is probably going to be your biggest challenge. Itโ€™s a lot harder than it used to be. To stay for a long time on an Entrepass you may even have to hire locals. Thatโ€™s something you want to consider when making your cost analysis.

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@msurocks99 | 5yr

I need some locals, at least some Biz Dev guys fresh out of NUS, so obviously will end up hiring them

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@msurocks99 | 5yr

Its good for finding clients though, what I have found so far.

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@taxico | 5yr

bear in mind that rent in singaporeโ€™s expensive compared to other parts of South East Asiaโ€ฆ although thereโ€™s cheap food, itโ€™s not filling (mostly carbs, like lo mein and fried rice).

business base - thatโ€™s what i use it for. no tax on the first 3 years of incorporation (private limited company).

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@ahawkins | 5yr

Nothing useful to add here from me. Iโ€™m curious as well as a US citizen considering making a move Singapore for eventual citizenship as residential & business base. FACTA and all that nonsense is something Iโ€™d like to skip.

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@msurocks99 | 5yr

Seems Singapore is good enough but though have to have good business to settle down there.

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@dvc | 5yr

Hereโ€™s some information about the tax side of starting an online/solo business in Singapore:

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Read and participate in 14,056 discussions on Nomad List

Suggested topics

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Any nomads in Arizona, US?

 

in Netherlands by @info132 | 6d 5 days ago | 0 comments

Hi guys,

After the Netherlands, the Bay Area, Colorado and being on the van life for 8 months, I am now in Sedona, AZ with a few other digital nomads. We are sharing a home here and are wondering if there are more like minded people in the area.

We do a bunch of hikes and campouts in the northern of Arizona. If you would like to connect with us, please do so :)

Val

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Best place in Portugal near cool nomads, good surf, and a great cowork spot


in Portugal by @joelnicholson | 6d 6 days ago | 10 comments

Hi there, title says it all. Canadian nomad hoping to find the city/town in Portugal with great, consistent surfing, a solid coworking spot, and a fun group of young nomads. Please recommend!

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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 | 9d 9 days ago | 0 comments

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

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Tax advisor for permanent nomads?


by @eljaques | 12d 12 days ago | 1 comment

I'm in need of a tax advisor who understands "our" typical situation. I'm all good on being legal on taxes at this point, but as I'm doing more investing and there's more compliance and KYC and such, it's getting more complicated to deal with this topic. Not living in my country of citizenship, company in another country, resident in yet another country, banking in a different country ... you know how it is, a pile of red flags.

Would be great to find a good tax advisor to sort things in a way that makes my situation as "explainable" and easily dealt with as possible. Any leads?

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How to get into the digital nomad lifestyle?


in Switzerland by @filiptk | 25d 24 days ago | 1 comment

Hi, I've got a question to anyone who had experience with the digital nomad lifestyle. I'm 24, I'm in my last year of university doing computer science, got 3 years of experience mostly doing web development.

I never liked the idea of staying in one place, getting a job and growing roots - hence the will to take the opportunity and travel the world. My main question is โ€“ how do I go about it? Are there any useful resources I could look into?

How do I go about insurance and such once I decide to move. I currently live in Switzerland and do freelance work for one company. It's not a lot, since my studies don't allow me to pick up a full time job, but it allows me to cover simple expenses.

I'd be happy to get some insight into how things work and also happy to network with anyone interested.

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What is the best online insurance for digital nomads ?


by @berberos | 3mo 2 months ago | 4 comments

Hi guys ! hope you are doing well.

I would love to get your feedback regarding the best insurance for digital nomads. i'm traveling around Asia since 1 year and for next 4 or 5 years. Would love to buy an insurance to cover especially :

- health

- laptop, phone ...

- Flights

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What are the best blogs by individuals who have started businesses in Southeast Asia?


in Thailand by @haiducii | 4mo 3 months ago | 0 comments

Hey everyone,

Looking for blogs by individuals who document their progress/business in South East Asia - ideally Vietnam, Cambodia or Laos - but also Thailand/Myanmar too.

Thank you,

Haiducci

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Any nomads working on startups?

 

by @mattlock | 6mo 6 months ago | 33 comments

Hoping to see all the cool stuff people are working on while they live an extraordinary life.

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Any Ph.D students dissertating while a digital nomad?


by @larsheather | 7mo 6 months ago | 5 comments

Anyone know of any groups or resources for Ph.D. students working on dissertation while living as a digital nomad? I know there are several virtual writing groups around, but wondered if there were any specifically for digital nomads, particularly those who are dissertating.

Thanks!

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Does international health insurance for digital nomads exist?

 

by @al_steffen | 7mo 7 months ago | 59 comments

Hey Nomads!

Iโ€™m looking for an international health insurance (no travel insurance) for my nomadic life. It should cover the basic services and at least be accepted in the EU (itโ€™s ok if itโ€™s not accepted in the US as Iโ€™m aware they rarely are). Nice to have: enter into a contract online. Anyone got a good experience or a recommendation?

Thanks in advance!

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What is the gender split on NomadList?


by @iamhopeless | 7mo 7 months ago | 1 comment

Just curious. What percentage of men vs women are on here.

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How do you invest internationally as a nomad?


by @mateuszwieloch | 8mo 7 months ago | 17 comments

I have finally saved enough money to start investing. What company gives good, diversified access to stock, ETFs and mutual funds? Does it make sense to use company like Vanguard or Fidelity for that? Iโ€™m a EU/Poland citizen, how would I transfer my money back and forth without incurring significant fees?

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I dream of being a digital nomad? How do I do it?


by @programmingmark | 8mo 8 months ago | 2 comments

Hello digital nomad!

I dream of being an independent digital nomad. But it feels very elusive & unattainable with my success rate. In full disclosure, whilst I have dreamed about making money online since high school; I have not earned a single cent making money online. $0, nada, zilch!! On the contrary, I have spent a lot of time & money on books, podcasts. Even though I have spent a lot of time reading/listening to others, I do not have anything to show for it!

I have made attempts in the past to start an online business, but these fizzle out quite quickly when I do not see traction especially when the goal I have set myself is too high.

Instead of reaching for the ultimate nomadic lifestyle goal, I want to start much smaller. Really small! I am simply looking to make $50 profit per month from a new online business. Thatโ€™s it.

I need some advice from you please!

  • Is $50 profit too low? How long did it take you to earn $50 profit per month?

  • What is a good way of achieving this goal?

Thanks
Mark
aka the $0 online business entrepreneur

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Are there any nomad meetups in Osaka?


in Osaka, Japan by @freddychanut | 9mo 8 months ago | 1 comment

Will be in Osaka this April/May and was curious to discover interesting groups/events.
I had a look at FB + Meetup but there doesnโ€™t seem to be much. Any advice on where to look?

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How do digital nomads pay tax?


by @rodriigovieira | 9mo 9 months ago | 19 comments

Hello everyone! Iโ€™m new here and probably this is a very newbie question, but it doesnโ€™t leave my head.

How do you, nomads, pay your taxes? I mean, if youโ€™re constantly traveling, how are you going to pay taxes for a certain country if you are going to stay there a short period of time?
Or do you return to your โ€œoriginal countryโ€ and then pay them?

By the way, this forum has very nice cool formatting features! :smile:

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Are there nomad families here and how do you choose your next destination?


by @martinratinaud | 9mo 9 months ago | 4 comments

All members of my family has different needs and hobbies so how do you pick the perfect places?

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My first time nomad-ing... Spain or Portugal?


in Portugal by @jasraj | 9mo 9 months ago | 6 comments

Hey everyone,

Iโ€™m a freelance + nomad newbie, off for my 1st proper trip in May. Iโ€™m wanting to spend a month somewhere and go from there.

I just came back from Slovenia/Ljubljana and loved it there (just a week). I donโ€™t mind โ€œsleepierโ€ places par-say, as long as theyโ€™re close to a beach or nature of some kind. In fact, I kinda like places less-busy and a bit smaller/cosier.

Iโ€™m been swaying towards Porto, but have been impressed by the rave reviews Iโ€™ve seen for Valencia.

-> Have you every nomad-ed in a Spanish/Portuguese city? Iโ€™d love to know where and what you liked/disliked :slight_smile:

Thanks! :slight_smile:

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How to save filter settings on Nomad List?


by @krzemian | 10mo 9 months ago | 3 comments

Hey, is there currently a way to save filter settings? I feel like it would be helpful for planning the trip as I have several ideas on what to target and would like to cycle between them

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Anyone know an accountant for Canadian nomads/expats?


by @noam_lightstone | 10mo 9 months ago | 16 comments

Hey guys, this was my first year as a Canadian nomad.

As far as I know of, Canadians donโ€™t pay taxes if they do not live in the country for 6 months.

But Iโ€™d like to talk to an accountant or someone who does Canadian taxes specifically for expats and nomads to get clear on the rules and for help on my return coming up.

Does anyone know someone who specializes in Canada who can help? Iโ€™ve seen plenty of US recommendations but none for us canucks.

Thanks guys!

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Best place for Digital Nomad in Latin America?


by @rose_davis | 11mo 11 months ago | 7 comments

Hi!

I am planning to move to Latin America for 3-4 months (Oct-January). Iโ€™ve narrowed down 6 different places that I want to visit before committing to settling down, but Iโ€™d love to get some community input.

Here are the cities Iโ€™m considering:

  • Quito, Ecuador
  • Cuenca, Ecuador
  • Medellin, Columbia
  • Cartagena, Columbia
  • Antigua, Guatemala
  • San Marcos La Laguna, Guatemala

The most important things Iโ€™m looking for:

  • Fast/easily accessible internet
  • Easy to meet other nomads/make friends in general
  • Safe for women
  • Some sort of spiritual community (Iโ€™m also a yoga teacher)
  • Easily walkable city

Anyone have any experience with these places and can give some insight? Iโ€™m also completely open to other recommendations.

Thanks!
Rose

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