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New Horizons Paraguay
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Best country for a freelancer / digital nomad post-covid

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While I get his point, the statement is not exactly correct.

Many? Just very,⁠ very few. Welcome to the EUSSR. And even then, it is not about nationality but⁤ about former residency.

What I can confirm is that especially if you have no tax⁣ residency, the banks like to send their CRS report complimentary (also) to the country of⁢ your citizenship. But that has nothing to do with a tax residency, but with monkeys︀ liking to report.
 
It's not correct for every case. And⁠ there are lots of people with more than one citizenship, even they are able to⁤ live tax free.

If you have left your country of citizenship and lived in another⁣ place for a few years, there is no one looking to tax you if you⁢ move out and extinguish your residency and visa status in the second country, have no︀ property, bank accounts or family there, and spend your time moving around, staying less than︁ 6 months in each country as a tourist, without establishing a new permanent residency.

Then you are practically a tax free nomad (you still get your money stolen through consumption︂ tax and others, but you aren't a tax resident anywhere). This doesn't apply if you︃ are owned by the USA, then you are supposed to fund wars wherever you live.︄

Paraguay looks interesting, but I remember something about banking issues regarding inward/outward transfers,
so it's︅ not that attractive. Regarding crime, quality and cost of living it can't compete with Asia.︆
 
cryptofriendly said:
cryptofriendly said:
If you have left your country of citizenship and lived in another place for a few years, there is no one looking to tax you if you move out and extinguish your residency and visa status in the second country, have no property, bank accounts or family there, and spend your time moving around, staying less than 6 months in each country as a tourist, without establishing a new permanent residency.

Then you are practically a tax free nomad (you still get your money stolen through consumption tax and others, but you aren't a tax resident anywhere). This doesn't apply if you are owned by the USA, then you are supposed to fund wars wherever you live.
Click to expand...
Click to expand...
In many countries, when you cancel a residency (and it is the country of your citizenship), you must report where you are moving, where you will live, and the address where they can contact you.
Then it is a brief communication, and they figure out very quickly you are a "tax free nomad".

Also, I would like to see how you open a brokerage account without a tax residency or how you get a bank account to pay for your accommodation on your never-ending travels.
 
In many countries, when you cancel a residency (and it is the country︁ of your citizenship), you must report where you are moving, where you will live, and︂ the address where they can contact you.
Then it is a brief communication, and they︃ figure out very quickly you are a "tax free nomad".

Also, I would like to︄ see how you open a brokerage account without a tax residency or how you get︅ a bank account to pay for your accommodation on your never-ending travels.
 
@JustAnotherNomad, he is‌ referring to the bank monkeys that need to do some CRS reporting. If you cannot‍ give them anything else, they will ask for the tax id of your nationality. Happens⁠ quite often in some places. There are in very limited cases maybe such laws, but⁤ not really. Some countries want a proof of tax residency elsewhere in order to release⁣ you from their tax liability. But also that only happens in very few EUSSR countries.⁢
 
You don't need tax residency for CRS reporting. Banks will usually ask for an address‌ and a utility bill, not a tax residency certificate.
 
daniels27 said:
daniels27 said:
This sounds interesting. Can you maybe give us the exact article, where we have to look at?
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Click to expand...
Yes, page 7, 2.2 - 29,30,31,32

Here is the law forbidding not having residence in any country, as someone suggested in the discussion
https://www.slov-lex.sk/ezbierky/pravne-predpisy/SK/ZZ/1998/253/
6 - 1

Here is the application of the OECD directives... which are part of the legislation in one way or another in all OECD member countries.
https://www.financnasprava.sk/_img/...e/2020/2020.10.08_002_MZ_2020_MU_rezident.pdf
page 13, 62 a,b,c,d
Your residency is determined in this order... permanent address, center of vital interests, habitual residence, CITIZENSHIP, bilateral agreements between countries.
 
Yes, page 7, 2.2 - 29,30,31,32

Here is‍ the law forbidding not having residence in any country, as someone suggested in the discussion⁠
https://www.slov-lex.sk/ezbierky/pravne-predpisy/SK/ZZ/1998/253/
6 - 1

Here is the application of the OECD directives... which are part⁤ of the legislation in one way or another in all OECD member countries.
https://www.financnasprava.sk/_img/...e/2020/2020.10.08_002_MZ_2020_MU_rezident.pdf
page 13, 62 a,b,c,d
Your residency is determined in this order... permanent address, center of vital⁣ interests, habitual residence, CITIZENSHIP, bilateral agreements between countries.
 
It only states
meaning
which is pretty common for all European countries. You can simply state︄ you go to the US or whatever and that's it. Nobody cares. We had discussions︅ in the past about this:
It is about consular protection etc. not️ mainly about taxes.

Yes, but with⁠ all due respect, this is relating to DTAs. Most DTAs do have such clauses. But⁤ this only works bilaterally between two states in determining who can tax an individual, and⁣ then mainly for dividends, interest, etc. only as for active work, the general rule is⁢ that the country where work is done has the right to tax.
 
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