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Where to move for tax purposes as a non-US citizen?


by @mender | 2yr  | 5 comments

I am a New Zealander looking to travel for a couple of years in different countries. For this purpose I would ideally like to shift my company to a lower tax territory where I will live part time, as I am currently taxed at roughly 33% in New Zealand, however itโ€™s closer to 40% when I add in all the hidden taxes.

With a move I wonโ€™t be living in NZ so Iโ€™ll no longer be obliged to pay any tax after 320 days.

I ideally would wish to be a tax resident of the country I incorporate in. What country is easiest to do this through? A large chunk of my business relies on PayPal which requires your bank account to be from the same country your company is registered. Thus I canโ€™t do anything such as BVI or small islands.

Tbh my best bet looks to be Dubai Free Zones at this point and I can do some travel in europe from there.

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@jojomunroro | 12mo

I found a lot of really useful info about this on the website Nomad Capitalist. Andrew seems to really know his stuff. It seems to be a bit of a minefield with quite a few variables depending on your situation though.

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@miguelelsuizo | 2yr

Paraguay will likely be my choice: As a resident, you are only taxed for income made inside Paraguay - whatever you earn outside Paraguay isnโ€™t taxed at all. You donโ€™t even need a house or apartment in Paraguay, so there are no recurring costs. As a legal resident you get a โ€œcedulaโ€, which works like an identity card: You can use it instead of your passport for most Mercosur member states.

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@dskarataev | 2yr

Russia. (why not?)

  1. PayPal has an official presence as a Russian company so it is easy to have legal PayPal business

  2. to register as an Individual Entrepreneur costs almost nothing (just 12 USD official government fee + some bank fees that can be also zero). Modern banks help to generate all documents so you will just have to bring them to the government office then after 3 working days you are incorporated

  3. tax for Individual Entrepreneur is just 7% of income (you must have a permanent address in Russia to be able to register as an Individual Entrepreneur but you donโ€™t need to be a permanent resident yourself, temporary resident is enough for that)

  4. social contribution payment is around 500 USD yearly but it is deductible from the tax that you paid so, in reality, you still pay just 7% total.

  5. you donโ€™t need any accountant if you use one of the modern banks that is friendly for Individual Entrepreneur and help to send the tax report to the government directly from their internet banking, so your maintenance cost is also very cheap, maybe 50 USD / month for bank fees or less.

  6. you donโ€™t need any nominee director because as an Individual Entrepreneur you are still just a person but just allowed to do the business officially

  7. after getting the income to your bank account you can immediately take all your money if you need that is very convenient compared to the Limited Liability Company (OOO) where you must pay salary even to yourself (with more than 50% tax+social contribution total) and you cannot take other money except paying dividends to yourself only once a 3 months.

  8. life in Russia is cheap if it is not Moscow. If you donโ€™t like winter you could be based in some southern city like Sochi. Let me give you some price examples. My hometown is Nizhny Novgorod, ~400km from Moscow. Fast speed train to Moscow (with its 3 international airports) takes only 3.5 hours (less than 20 USD) or flight is 45 min (50 USD). Apartment (1 bedroom + kitchen) right in the city center costs around 400 USD, 30 min from city center 150-200 USD. Other things like food, entertainment are also cheap.

  9. girls in Russia are beautiful and they like foreigners :wink:

Language and residency status could be a barrier though, but solvable. You can read more in google by searching โ€œhow foreigner can register individual entrepreneur in russiaโ€.

Good luck!

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@juliusz | 2yr

I incorporated in Gibraltar, but you canโ€™t benefit from they offshore 0% tax rate if you live there as well. They have a local bank where you can open your Company Account (and despite some confusing information having Gibraltar Bank account will not make you subject to Gibraltar tax anymore). Iโ€™m still waiting for the account details (takes 6 weeks to open the account).

Gibraltar has solid reputation and does not suffer from tax-haven stigma.

I did everything remotely, costed me a bit less than 1500 EUR to incorporate.

Another option is Bulgaria and Romania, they have reasonable CITโ€™s and PITโ€™s, You might also check for preferential taxes if youโ€™re in IT. They have solid corporate and accounting services.

Dubai is awesome, but living there can cost you 3-5 times more than in Europe.

When researching taxes, you should also research double-taxation-avoidance agreements with New Zealand and check social contributions laws, as they can be separate, and as painful as taxes in some countries.

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@mender | 2yr

Thanks for the info. Iโ€™m not sure about Bulgaria as it is an EU country and they are apparently requiring you to pay tax on all online purchases?

Will you be living in Gilbratar? I am thinking Dubai because I can come and go from there, and apartment hotels are relatively cheap for month stays compared to my income. I also want a high quality of life and some of gilbratar apartments honestly seem more costly than Dubai.

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Read and participate in 14,011 discussions on Nomad List

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Issues with not being a tax resident anywhere?


by @lightworker | 7mo 6 months ago | 2 comments

Anyone with knowledge regarding complications of not being a tax resident anywhere in the world? Iโ€™m aware that primary health care, bank account opening and incorperation can be problematic but are there other practical or legal factors I should be aware of?

And what about paying myself salary from a self-owned OECD company? I would like to know if I risk potentieal issues with the tax authorities in the jurisdiction of the company, especially regarding withholding tax.

Appreciate your input!

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How do digital nomads pay tax?


by @rodriigovieira | 8mo 7 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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How to be sure of new tax residence?


by @analogmario | 1yr 1 year ago | 0 comments

Hi, Iโ€™m new here.
I am moving out forever.
So I am going to move to another country my residence.
But, in the new country I donโ€™t plan to spend more than 90 days a year for sure, at least itโ€™s not the plan for the first years.

But I want to be sure that my tax residence is in my new country, even if I spend less than 90 days a year.
I want to be sure I wonโ€™t be reclaimed by my original country or any other country that I might end up spending less than 180 days, but more than the less than 90 I expect to spend in my new country(looks like itโ€™s going to be Portugal).

Hope that was understandable.

Does anyone know where I can get information about this kind related to nomadism?

Thanks

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How does Lima's new municipal taxi app compare to Uber?


in Lima, Peru by @robertomasymas | 2yr 1 year ago | 0 comments

How does limaโ€™s new municipal taxi app TaxiMML compare to uber?

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Remote worker in Amsterdam: taxes and legal status?


in Amsterdam, Netherlands by @think | 2yr 1 year ago | 1 comment

Hi all,

I am moving to Amsterdam in January and looking for advice regarding legal status.

I work for a small French company. They agreed to let me move to Amsterdam as a remote worker starting January. :v:

However, they have no business entity and no employee in the Netherlands, so we have no idea how to set up the whole thing legally speaking. Should I remain an employee of the French entity, should I charge them as a consultant/contractor?

Of course, I am looking for a solution that is both simple and with minimum taxes :stuck_out_tongue_closed_eyes:

Thank you for your help!!
Steph

PS: If you can recommend a good accountant that is competent on the topic, I an happy to pay for the service too!

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Tax Planning advice (Primarily contracting for US company)


by @kartman92 | 2yr 2 years ago | 7 comments

Hello nomads,

Due to a recent US work visa rejection (H1B), Iโ€™m considering turning to freelancing and being a digital nomad. My former employer (US based start-up) wants me to continue rendering my services as a contractor/freelancer (so I have a confirmed major client and Iโ€™ll probably take on other minor clients on the side). From the get go I want to get my taxes right and I was hoping you seasoned nomads can assist me. Some of the key aspects of my case are:

  1. I hold an Indian passport and as long as I donโ€™t stay in India for 182 days Iโ€™m considered non-resident (No taxes on foreign income as long as services are not rendered in India, otherwise 30% tax).

  2. I may have to visit the US occasionally, so having a tax-residency in a country with a US tax-treaty may be beneficial (I maybe incorrect here).

  3. Iโ€™m willing not to be a perpetual traveller and put down roots in a low tax country that offers easy tax residency with low-taxes.

  4. Will incorporating in a tax-friendly help my case? Or will just perpetual travel be enough to completely avoid taxes?

P.s. If any of you offer sound tax advice for a fee and are aware of international taxation laws (especially US tax laws), do let me know.

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Where to pay taxes if self employed non-resident of the UK, travelling Europe?


by @jadi4nd | 3yr 2 years ago | 5 comments

Hi, I know there are a few posts around this topic but none of them quite answer my questions.

I am British and currently a resident in the UK.
Next year I am going to become a non-resident and spend over a year traveling mostly around Europe, moving every few weeks never staying anywhere longer than a month. (My first venture into becoming a digital nomad!)

I am remote, self employed, software developer working mostly for one client based in the UK.

Where am I liable to pay taxes?
From what I have read I will not be liable to pay taxes in UK, can anyone confirm this?
If not the UK then where if I am moving every few weeks?
If possible I want to avoid starting a company as this seems unnecessarily complicated for my work setup.

Thank you in advance for any help :slight_smile:

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Is it possible to become a digital nomad as a Vietnamese citizen?


in Vietnam by @animaniax | 3yr 2 years ago | 3 comments

Hi all!
I was meant to post this little inquiry for some times, and keep skipping due to tight schedule :v.
First off: The name is Toan. Yes, Iโ€™m Vietnamese and non-US/EU citizen :slight_smile:
Second: Is it possible for me to become a full digital nomad?

Iโ€™m aware that itโ€™s never been an easy road. Just wondering how itโ€™d be for non-US/EU citizens like myself.
I have a +5 years background as IT support analyst, with specialties vary from helpdesk technical, Windows OS and system support, IT infra/service management, business analysis fundamental, software project management, to Linux sysadmin and programming (Java/Ruby).
Recently, along with my aims to become DevOps/IT Project Management, I also target to fully independent location, due to new found passions on exploring the world and growing tired of 9-to-6 days.

From what I have observed so far, mates, youโ€™re all/mostly coming from 1st-class nations, either North America, Japan, or Europe. So you have no issues over choosing your path, work remotely or start your own business. While money isnโ€™t really a problem to me (a.k.a I usually require very little accommodation during my backpack travels, only (wireless) internet and clean room, thatโ€™s all), Iโ€™m stuck with the whole visa requirements and other paperwork things. Freelance could be a choice, but I find it is almost impossible finding positions even remotely related with my current skills/expertise. Iโ€™m a non-American, have no EU permitted working visaโ€ฆ Any other options for me? Any idea/suggestion is welcomed.

I donโ€™t need my own business. I only need to strive as IT professional, be able to work anywhere I want.

Thanks for the attention, mates. My apologize if my English is so bad that you have no idea what Iโ€™m writing :v And yes, I understand that all my concerns might sound naive, as Iโ€™m a newbie & only targeting recently.

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How do taxes work for perpetual travelers?


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

Hereโ€™s a question (actually a bunch of related questions) thatโ€™s been a bit of a thorn in my side lately. Iโ€™ve already combed this forum as well as several others but would love some more insight from more knowledgable people.

So, here goesโ€ฆ

Background: Iโ€™m a perpetual traveler and havenโ€™t stayed in a single country longer than 6 months for around 5 years now. Iโ€™m a non-US person so no IRS worries but my country of citizenship (Korea) has a residential tax system and since I havenโ€™t claimed residency anywhere else, it seems possible for my government to claim me as a tax citizen.

Which brings me to my first question: At what point does forming a solid business structure to cover your taxable a** become worth the hassle? $100K/year? At $200K/year? I sort of feel like most governments wouldnโ€™t bother with this because itโ€™s relatively โ€œsmall fishโ€ - thoughts?

And that brings me to another question: If Iโ€™m not needlessly spending time worrying and I should finally pull the trigger and set something up that makes me more โ€œlegitโ€ - even if it requires paperwork - whatโ€™s my best option? Hereโ€™s what Iโ€™ve come up with:

Set up an offshore company - Iโ€™m leaning toward RAK Offshore since it seems to have no paperwork requirements and has no taxes - and use that to hold and re-invest the income I receive while paying myself a nominal amount every month, like $3,000, which I then file Korean (income) taxes for. This makes sense in my head since thatโ€™s roughly the amount I spend every month anyway but would this qualify as tax evasion?

Last question: for all of you who are perpetual travelers and arenโ€™t filing tax returns with your country of citizenship/last tax residency - what are you doing in terms of investing the money youโ€™ve saved? From what Iโ€™ve read, banks will report accounts that hold over a certain amount to the country of the account holder and online brokerage accounts seem to be the same.
Oh, and is the money accrued (without being reported tax-wise) considered black money?!

Okay, Iโ€™m done for now. Apologies for writing a book - Iโ€™m not so learned on this topic. Would appreciate any insights. Thanks in advance! :slight_smile:

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Are coffee shop expenses tax deductible?


by @octavient | 3yr 3 years ago | 7 comments

I often spend upwards of $150 per month in coffee shops, where I do much of my (remote) work (25+ hours per week). Since I donโ€™t pay office rent, I perceive these expenses as replacing my fixed rent costs, and I tend to spend more money at coffee shops when Iโ€™m camping out for a 2- to 4-hour work session, so these expenses strike me as legitimate business expenses. Has anybody gone down this road with the IRS? Is anybody aware of any official guidance or precedence for this?

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Advices about tax, location for incorporation, etc


by @anadesigner | 3yr 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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Help: Canada Taxman (CRA) Coming After Digital Nomad Who Has Not Lived in Canada since 2011. Advice or Recommendations?


in Canada by @bestscifireads | 4yr 3 years ago | 7 comments

Hey guys.

Iโ€™m in the unfortunate situation (and true Digital Nomadโ€™s worst nightmare) where the Canadian tax man (i.e. the CRA) has decided to come calling. And calling hard.

Any recommendations for Canadian Tax Accounts / Tax Lawyers specializing digital nomads / expats / non residents?

Hereโ€™s the deal:

Iโ€™m a digital nomad living in Thailand who has NOT lived in canada since the middle of 2011, and in that time, only been back to canada three times for a brief visit (with a total period between all those years of less than 90 days out of the 5 years).

I make an online income (affiliates, adsense, and such) of which all if it does not derive from Canada. And as stated, I donโ€™t live there anymore and havenโ€™t in many years. I donโ€™t own houses, cars, or anything (I do have a personal bank account though and a DL โ€“ you need those to function mostly). Iโ€™ve only used Canada as my bank account, from which I would send money abroad to live while outside of Canada, which was the entire period of time.

Anyways, the taxman back in Canada doesnโ€™t know this (that Iโ€™m a non resident) and of course has now come to collect. I had income tax demands sent to an address (parentsโ€™) stating I owe a very high five figure balance in income tax and owe it right away.

The whole digital nomad thing has just come to life the past years and when I left Canada in 2011/2010, no one new much about making money online, how to pay taxes when you donโ€™t live in your home country, etc. I was doing this earlier than most (from this forum, I gather itโ€™s common now).

I assume Iโ€™ll probably need a Canadian tax accountant and mayhaps a tax lawyer versed inโ€ฆwellโ€ฆdigital nomads. Iโ€™m going to call the CRA (Canadian Revenue Agency) and try to explain that I donโ€™t live there and havenโ€™t (and I can prove it), but yea. It may take more than that.

At this point, Iโ€™ve been looking how to properly structure my affairs (creating an Estonian Corp, creating an Thailand corporation) to properly handle how I should structure things in the future, but in the meantimeโ€ฆ

Advice or a recommendation for a specific tax specialist (iโ€™m from BC, Canada if that helps) would be awesome.

Ben

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Tax: what are the best options for a nomadic Dutch freelancer?


by @maarten | 4yr 3 years ago | 11 comments

Originally, I am from the Netherlands. Since january 2016, I have been working remotely all around the world. But even though I havenโ€™t been in the Netherlands this year, I am still paying taxes there. Iโ€™m still registered as a citizen.

I have to unregister in the Netherlands as a citizen. But if I donโ€™t register somewhere else, or have a freelance status or company somewhere else, I would still have to pay 50%+ taxes. This is, of course, not fun at all.

So I decided to move my business elsewhere. Either get freelancer status in another country, or create a business there to send invoices from. Which brings me to my question:

What is the best country tax-wise for a Dutch freelancer?

As of now, I found two solutions:

  • Have an agency set up a company in Bulgaria. It will kost 3000 euro a year, once 3300 euros and extra money if I want residency. And then of course 10% income tax on my earnings.
  • Have an agency set up a company in Dubai. It will cost around 2000 euro annually and 5000 euro once. No income tax.

Wether residency in an other country is required for the Dutch tax authority to not tax your world income, seems to be a grey area. However, if I unregister in Holland and send invoices from a company in a whole other country, it should be fine.

I have little or no experience. People with know-how: would you be so kind to comment on these options?

Are there alternatives I should consider?

I donโ€™t really like to hire an agency. Iโ€™d rather just fly to a country, fill out paperwork, incorporate there and from then on invoice from that company. If itโ€™s too bureaucratic, I wouldnโ€™t mind hiring a local lawyer or accountant to do it for me.

Do you know a country where there is no or a low income tax and this process is relatively easy and suitable for Dutch freelancers?

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Australians - are you an Australian resident for tax purposes?


in Australia by @kathrynoh | 4yr 3 years ago | 8 comments

If no, how do you get around the being in one place for two years or more requirement?

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Permanent virtual Legal Domicile for mail forwarding and tax declaration


by @youarehere | 4yr 4 years ago | 1 comment

I am looking for a best virtual Domicle to declare as permanent legal USA address and Legal Domicle where I can receive Virtual mail and have it mailed to my current geography. Please inform if you have recommendations or experience. Thanks!

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Do you have banking & tax advice for UK citizens?


by @figoshow | 4yr 4 years ago | 2 comments

Hello, Iโ€™m sure this has been asked before but I
couldnโ€™t find anything, I am from the UK I am trying to find the best way to do banking and finance whilst being a DN. primarily where i should FILE taxes, Iโ€™ve found a lot of threads about paying tax but not about filing. for example i am considering getting a German bank account. I wonโ€™t be living in Germany at all. do i need to file taxes there since I have a bank account there.

Admin edit: subject did not fall within forum guidelines

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How to best set up your taxes, residency and and business as a digital nomad?

 

by @theglobalcitizen | 4yr 4 years ago | 60 comments

The purpose of this post is to discuss the benefits, downsides, and challenges of setting up an international business.

Comment with what you want to know, or with what knowledge you can offer others based on your experience.

  • Do you want to set up an offshore company but donโ€™t know
    where to start?
  • Do you have questions with setting up legal entities or bank accounts?
  • Do you have questions with regards to paying taxes and residency.

Before becoming a DN I worked in Dubai as a corporate service provider. I helped 100s of international entrepreneurs to set up their companies, engage in tax planning and obtaining residency. Most of them in Dubai, but also in other jurisdictions like Panama, Hong Kong & Seychelles.

Share your biggest struggles or tips!

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Have you obtained a Thai single entry visa in AU as a non-AU citizen?


by @sarab | 4yr 4 years ago | 6 comments

Hi guys,

Iโ€™m planning to spend a month in Australia before 3-4 months in Thailand, and was wondering if anyone has any experience of applying for the single entry Thai tourist visa in Australia while being a citizen of another country. I ask because in the UK, for example, they wonโ€™t give you that visa unless you are a UK resident, and I wonโ€™t be an OZ resident then.

I will be travelling before that so cannot apply in my home country.

I am aware of the Penang option, but I am specifically asking about this scenario.

Any feedback would be gratefully received!

admin edit: subject changed as it doesnโ€™t follow forum guidelines.

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How to optimize corporate taxation as a digital nomad company?

 

by @digital | 4yr 4 years ago | 24 comments

Hi guys :smiley:

I manage a French limited company. My business partner and I are digital nomads. The company pays all companyโ€™s expenditures and we pay ourselves for our plane tickets, accommodations, and so on. We would save a lot of money if the company could pay for some of our expenditures but we need to justify that these expenditures are for-business only. Have you ever have this experience?

More broadly, how can we optimize our corporate taxation as digital nomad companies?

One of my thoughts is to consider ourselves as expatriates. Therefore, the company should pay some of our expenses such as travel, accommodation, or school for children. It will be great for the company because it will decrease its profits (i.e. its taxation). But, how to justify setting up a expat contract?

If you have any advice for us and other digital nomad companies, please share :smile:

D.

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Digital nomads tax, how does it work?

 

by @homakov | 4yr 4 years ago | 63 comments

Is there a lawyer here? Iโ€™m a Russian citizen and the last 2 years Iโ€™m living abroad. Which makes me non tax resident. And while i spend < 3 months in every country I do not owe taxes from my consulting income to any country.

Is there a flaw in this system? Yes I know Perpetual travel doesnโ€™t work for USA citizens, but everybody else here is in similar situation. Do you pay taxes and why?

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