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Best country for a freelancer / digital nomad post-covid
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Here is @Sols post:
Post in thread 'Setting Up an Anonymous, Low-Cost Tax-Free Company Globally in 2024 with Minimal Compliance Requirements?'
https://www.offshorecorptalk.com/th...mal-compliance-requirements.43814/post-288350
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Post in thread 'Setting Up an Anonymous, Low-Cost Tax-Free Company Globally in 2024 with Minimal Compliance Requirements?'
https://www.offshorecorptalk.com/th...mal-compliance-requirements.43814/post-288350
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Lol, allow me to quote from Sol's thread - emphasis mine (I really respect Sols, so I would have been surprised if he had written anything else):
Also, you really have to make up your mind.
On the one hand you're saying that people will be dragged to court by their country of citizenship because they will try to tax you. They will do everything in their power to get your money, they are coming for you and they will fight you tooth and nail.
And yet, if you give them a piece of paper that you︀ got during your 5-day trip to Paraguay two years ago, everything will just disappear and︁ they have no choice but to let you go. Like vampires dragged into the light.︂
This is pure magical thinking.
Let's ignore the question whether countries can tax you based︃ on citizenship alone or not (we probably won't reach an agreement anyway):
If a country︄ is really coming for you and tries to tax you, a paper residency from Paraguay,︅ where you have spent no more than 5-10 days over the past couple of years,︆ won't help you.
And Paraguay is an especially bad case because they have a tiny︇ tax treaty network. So even if you had spent a lot of time there, there︈ would be no treaty to help your case.
But if no other country tries to︉ tax you anyway, how would your Paraguay residency make a difference? They aren't coming for︊ you anyway.
Which brings us back to the banking/compliance part: Banks will ask where you︋ live, they will ask for your TIN and (very often) a utility bill.
You have︌ to give them something, and they will send CRS reports there (if it's a CRS︍ country), so it would make sense to use a country that won't try to get︎ your money.
For this, Paraguay is a good candidate. But a lot of other countries️ would work just as well. So then the question is if it's really worth paying so much money for the Paraguay residency. As far as I know, it's at least $2-3k?
For example, the Thailand DTV visa is just $300 or so. Heck, I don't even know if you need a long-term visa or if you can get a TIN as a tourist (many Thai visas are just long-term tourist visas anyway). Thailand doesn't tax you if you spend less than 180 days there.
So you could just use a Thai address for your banking, and it would probably even look more legit.
Also, you really have to make up your mind.
On the one hand you're saying that people will be dragged to court by their country of citizenship because they will try to tax you. They will do everything in their power to get your money, they are coming for you and they will fight you tooth and nail.
And yet, if you give them a piece of paper that you︀ got during your 5-day trip to Paraguay two years ago, everything will just disappear and︁ they have no choice but to let you go. Like vampires dragged into the light.︂
This is pure magical thinking.
Let's ignore the question whether countries can tax you based︃ on citizenship alone or not (we probably won't reach an agreement anyway):
If a country︄ is really coming for you and tries to tax you, a paper residency from Paraguay,︅ where you have spent no more than 5-10 days over the past couple of years,︆ won't help you.
And Paraguay is an especially bad case because they have a tiny︇ tax treaty network. So even if you had spent a lot of time there, there︈ would be no treaty to help your case.
But if no other country tries to︉ tax you anyway, how would your Paraguay residency make a difference? They aren't coming for︊ you anyway.
Which brings us back to the banking/compliance part: Banks will ask where you︋ live, they will ask for your TIN and (very often) a utility bill.
You have︌ to give them something, and they will send CRS reports there (if it's a CRS︍ country), so it would make sense to use a country that won't try to get︎ your money.
For this, Paraguay is a good candidate. But a lot of other countries️ would work just as well. So then the question is if it's really worth paying so much money for the Paraguay residency. As far as I know, it's at least $2-3k?
For example, the Thailand DTV visa is just $300 or so. Heck, I don't even know if you need a long-term visa or if you can get a TIN as a tourist (many Thai visas are just long-term tourist visas anyway). Thailand doesn't tax you if you spend less than 180 days there.
So you could just use a Thai address for your banking, and it would probably even look more legit.
That's mostly for a technical reason, as 95% my wealth is in crypto. Doing it this way is just quicker, as I don't need to P2P it to my (non-resident) bank account first, and then withdraw via ATM (which costs me 2% if I use a card outside of the issuing country).
I still appreciate having the banking applications on my phone, where I can send︀ USD SWIFT transfers from my bed in minutes, with no human interactions and no questions︁ asked. Not everyone accepts crypto, yet.
A bigger issue would be the safety, but pretty︂ much all of South America loses out against Asia.
https://www.numbeo.com/crime/compare_countries_result.jsp?country1=Thailand&country2=Paraguay
I am comfortable where I︃ am, where I can walk around at 2 am without worries, the government leaves me︄ alone, (most) of the officials smile instead of asking for bribes, where the general standard︅ of living is good enough, food choices are unlimited, healthcare is first class, and where︆ mountains and beaches aren't far away, the girls are slim and beautiful (even as they︇ age), and don't tend to cause a drama, but just get quiet if something doesn't︈ go the way they like.
Of course it all depends on the individual and personal︉ priorities, and the trade offs one is ready to accept.
I still appreciate having the banking applications on my phone, where I can send︀ USD SWIFT transfers from my bed in minutes, with no human interactions and no questions︁ asked. Not everyone accepts crypto, yet.
A bigger issue would be the safety, but pretty︂ much all of South America loses out against Asia.
https://www.numbeo.com/crime/compare_countries_result.jsp?country1=Thailand&country2=Paraguay
I am comfortable where I︃ am, where I can walk around at 2 am without worries, the government leaves me︄ alone, (most) of the officials smile instead of asking for bribes, where the general standard︅ of living is good enough, food choices are unlimited, healthcare is first class, and where︆ mountains and beaches aren't far away, the girls are slim and beautiful (even as they︇ age), and don't tend to cause a drama, but just get quiet if something doesn't︈ go the way they like.
Of course it all depends on the individual and personal︉ priorities, and the trade offs one is ready to accept.
Corruption is everywhere, just the amounts are different.
It's not bad if it makes life easier and speeds things up.
But if you are asked by every dumbo in a uniform for money for no other reason than them inventing imaginary laws when they see a foreigner passing (Sir, you are walking on the wrong side of the street, $10 fine), and it happens daily, it really starts to suck and affect your life quality.
It's not bad if it makes life easier and speeds things up.
But if you are asked by every dumbo in a uniform for money for no other reason than them inventing imaginary laws when they see a foreigner passing (Sir, you are walking on the wrong side of the street, $10 fine), and it happens daily, it really starts to suck and affect your life quality.
It is ok. Everyone can choose for their needs and preferences. For me, Asia is too far away culturally from my home country. In the case of Thailand, they are predominantly Buddhists. The beautiful girls are sometimes former males (even as they age). With geopolitics and world conflicts, Thailand and the Philippines are probably the worst choices for me to be in the world. I prefer to be in an energy surplus country, food self-sufficient, not having nuclear power nearby, and the presence of US military bases is not great for me. But that's just me. I'm glad it works for you.
I like to get my fresh raw milk from a beautiful farm run by a religious community of Germans who take excellent care of cows. I like to have grass-fed 500g Tomahawks for 3 USD... from cattle who get real sun and see real pastures.
I like to drink my beer here. Germans started this brewery in the 1960s... and actually, it was a pleasant change compared to Euro-beers (Heineken trash) in Europe. Asia and beers. Ok.
I can walk outside at 2 AM, with no problem either. Many times, I do it at 4 AM. 🙂 With all the cops and security guards I encounter on my way to the grocery store at that time, we may say, "Hola, como esta," or "bien senor, y usted," Nobody is asking for bribes. The same applies during the day. I have had to give cops 0 bribes as of now, and people I know here also. Maybe you confuse Paraguay with Colombia. This is a more old-fashioned country regarding politeness of people and values (which is, again, good for someone and bad for someone else.) I did not have to use healthcare yet, but in the cases I assisted, it was good, with speedy CT/MRI scans and evaluations (the person had 30USD/month plan).
Last edited: Dec 18, 2024
It is ok. Everyone can choose for their needs︇ and preferences. For me, Asia is too far away culturally from my home country. In︈ the case of Thailand, they are predominantly Buddhists. The beautiful girls are sometimes former males︉ (even as they age). With geopolitics and world conflicts, Thailand and the Philippines are probably︊ the worst choices for me to be in the world. I prefer to be in︋ an energy surplus country, food self-sufficient, not having nuclear power nearby, and the presence of︌ US military bases is not great for me. But that's just me. I'm glad it︍ works for you.
I like to get my fresh raw milk from a beautiful farm︎ run by a religious community of Germans who take excellent care of cows. I like️ to have grass-fed 500g Tomahawks for 3 USD... from cattle who get real sun and see real pastures.
I like to drink my beer here. Germans started this brewery in the 1960s... and actually, it was a pleasant change compared to Euro-beers (Heineken trash) in Europe. Asia and beers. Ok.
I can walk outside at 2 AM, with no problem either. Many times, I do it at 4 AM. 🙂 With all the cops and security guards I encounter on my way to the grocery store at that time, we may say, "Hola, como esta," or "bien senor, y usted," Nobody is asking for bribes. The︀ same applies during the day. I have had to give cops 0 bribes as of︁ now, and people I know here also. Maybe you confuse Paraguay with Colombia. This is︂ a more old-fashioned country regarding politeness of people and values (which is, again, good for︃ someone and bad for someone else.) I did not have to use healthcare yet, but︄ in the cases I assisted, it was good, with speedy CT/MRI scans and evaluations (the︅ person had 30USD/month plan).
I like to get my fresh raw milk from a beautiful farm︎ run by a religious community of Germans who take excellent care of cows. I like️ to have grass-fed 500g Tomahawks for 3 USD... from cattle who get real sun and see real pastures.
I like to drink my beer here. Germans started this brewery in the 1960s... and actually, it was a pleasant change compared to Euro-beers (Heineken trash) in Europe. Asia and beers. Ok.
I can walk outside at 2 AM, with no problem either. Many times, I do it at 4 AM. 🙂 With all the cops and security guards I encounter on my way to the grocery store at that time, we may say, "Hola, como esta," or "bien senor, y usted," Nobody is asking for bribes. The︀ same applies during the day. I have had to give cops 0 bribes as of︁ now, and people I know here also. Maybe you confuse Paraguay with Colombia. This is︂ a more old-fashioned country regarding politeness of people and values (which is, again, good for︃ someone and bad for someone else.) I did not have to use healthcare yet, but︄ in the cases I assisted, it was good, with speedy CT/MRI scans and evaluations (the︅ person had 30USD/month plan).
I prefer to live in a country where, at that hour time in Bangkok, these guys in uniform are nowhere to be seen because unnecessary.
Regarding bribes, if you︀ can speak enough the local idiom showing that you're not a tourist you'll in most︁ cases be treated as locals in Thailand.
Regarding bribes, if you︀ can speak enough the local idiom showing that you're not a tourist you'll in most︁ cases be treated as locals in Thailand.
I take dhamma = truth (Jainism, Hinduism, Buddhism, etc) every day︄ over a religion that dictates that humans are born with an inherited sin, a built-in︅ urge to disobey God, and need to be controlled. It destroyed so many cultures through︆ it's missionaries, stole all the ancient knowledge from around the world and stuffed it in︇ the cellars of Vatican city. Just because one has been conditioned as child to follow︈ one thought, one can still free himself and see it for what it truly is.︉ If anyone is interested, this is a good start: https://conjuringthepast.com/natureP1.html
It's not that hard to︊ distinguish real females from males, and I don't hang around the nightlife areas. where this︋ issue is more prevalent. Outside of TH and PH it's not that common, and there︌ are 48 countries in Asia.
Though you can encounter some males cosplaying as females in︍ many places, they are not as sophisticated as in TH, and easy to spot.
BTW, Paraguay isn't a hetero enclave either, from what I can see online.
Regarding world conflicts I don't see any issues for places like Malaysia, Indonesia, Singapore or Laos, no one really cares about that places in terms of occupation, and neither do they care much about the s**t going on outside of their own territory. Not even for Thailand, as they lean more to China nowadays. And there are less guns and general violence compared to USA, EU and South America.
Milk products here suck, the climate isn't the greatest for high milk︀ yields, but even raw milk is available if you look hard for it, and imported︁ products are everywhere, from Australian steak or red wine from Chile or France (alcohol taxes︂ vary from country to country, but you can get a bottle of French red wine︃ even in Kathmandu for less than $10.
And don't dis the beer before you tried︄ it, there are good ones, too.
Speaking about German beer, the Germans began brewing various︅ German beer in China since1898, when Germany leased the port city of Qingdao in northeastern︆ China.
Tsingtao beer is the second most consumed beer in the world (as of 2016),︇ and their current brewery was established in 1906 by Germans.
I don't disagree with you as I︎ don't have any personal experience in Paraguay, beside of some nomads reporting about break ins️ while they have been sleeping, and some other issues. Some places are safer than others, like in every country. But it would be naive to think numbeo contradicting your experience regarding safety walking during night being just a glitch in the statistic.
But yeah, that's my last contribution regarding Paraguay, as everyplace has it good and bad sides, and it's a waste of time comparing apples to oranges, what really matters is just one's own personal taste. For myself, being a nomad in Asia is just extremely convenient and comfortable.
It's not that hard to︊ distinguish real females from males, and I don't hang around the nightlife areas. where this︋ issue is more prevalent. Outside of TH and PH it's not that common, and there︌ are 48 countries in Asia.
Though you can encounter some males cosplaying as females in︍ many places, they are not as sophisticated as in TH, and easy to spot.
BTW, Paraguay isn't a hetero enclave either, from what I can see online.
Regarding world conflicts I don't see any issues for places like Malaysia, Indonesia, Singapore or Laos, no one really cares about that places in terms of occupation, and neither do they care much about the s**t going on outside of their own territory. Not even for Thailand, as they lean more to China nowadays. And there are less guns and general violence compared to USA, EU and South America.
Milk products here suck, the climate isn't the greatest for high milk︀ yields, but even raw milk is available if you look hard for it, and imported︁ products are everywhere, from Australian steak or red wine from Chile or France (alcohol taxes︂ vary from country to country, but you can get a bottle of French red wine︃ even in Kathmandu for less than $10.
And don't dis the beer before you tried︄ it, there are good ones, too.
Speaking about German beer, the Germans began brewing various︅ German beer in China since1898, when Germany leased the port city of Qingdao in northeastern︆ China.
Tsingtao beer is the second most consumed beer in the world (as of 2016),︇ and their current brewery was established in 1906 by Germans.
I don't disagree with you as I︎ don't have any personal experience in Paraguay, beside of some nomads reporting about break ins️ while they have been sleeping, and some other issues. Some places are safer than others, like in every country. But it would be naive to think numbeo contradicting your experience regarding safety walking during night being just a glitch in the statistic.
But yeah, that's my last contribution regarding Paraguay, as everyplace has it good and bad sides, and it's a waste of time comparing apples to oranges, what really matters is just one's own personal taste. For myself, being a nomad in Asia is just extremely convenient and comfortable.
Brazil has them as well and they find the way to Paraguay too. 😉
Quoting geopolitics as a neg for asia but ignoring Brazil and Venezuela situation plus the widespread usage of usd is not correct.
They will come for Venezuelas oil and currency issues will make latam highly unstable.
Many areas of Asia︃ are that as well. Thailand for example is the biggest rice exporter worldwide. Malaysia has︄ oil, Indonesia has many other resources.
There are more US stooges in Asuncion than real︅ expats, so again. No difference to having military bases.
Quoting geopolitics as a neg for asia but ignoring Brazil and Venezuela situation plus the widespread usage of usd is not correct.
They will come for Venezuelas oil and currency issues will make latam highly unstable.
Many areas of Asia︃ are that as well. Thailand for example is the biggest rice exporter worldwide. Malaysia has︄ oil, Indonesia has many other resources.
There are more US stooges in Asuncion than real︅ expats, so again. No difference to having military bases.
Yeah, some individuals, they had their first pride this year””a massive turnout of about 50 people.
The things you said about religion, I am not going to comment on, as it is off-topic, and I do not care what you believe in. I'm happy it works for you as long as you don't force your bs on me.
You were talking about the Philippines and Thailand before. The topic is about a place for 5figures-low six-figure digital nomads. I don't see Singapore as a great place for someone earning 4k USD / month.
Yes, GUNS. That's another benefit of liberty in Paraguay. I can own a gun here (legally), and it is not a complicated process.
Yeah, some individuals, they had their first pride this year,a massive turnout of about 50 people.
The things you said about religion, I am not going to comment on, as it is off-topic, and I do not care what you believe in. I'm happy it works for you as long as you don't force your bs on me.
You were talking about the Philippines and Thailand before. The topic is about a place for 5figures-low six-figure digital nomads. I don't see Singapore as a︀ great place for someone earning 4k USD / month.
Yes, GUNS. That's another benefit of︁ liberty in Paraguay. I can own a gun here (legally), and it is not a︂ complicated process.
The things you said about religion, I am not going to comment on, as it is off-topic, and I do not care what you believe in. I'm happy it works for you as long as you don't force your bs on me.
You were talking about the Philippines and Thailand before. The topic is about a place for 5figures-low six-figure digital nomads. I don't see Singapore as a︀ great place for someone earning 4k USD / month.
Yes, GUNS. That's another benefit of︁ liberty in Paraguay. I can own a gun here (legally), and it is not a︂ complicated process.
Yes, it is much better to be in Paraguay than in China's backyard. Brazil is not an ideal neighbor, but it still is not a nuclear power. It is way better than being around China's military drills around Taiwan and the inevitable military conflict. I hope you realize the distance between Paraguay and Venezuela is about the same as between Ukraine and Spain.
Yes, it is much better to be in Paraguay than in China's backyard. Brazil is not an ideal neighbor, but it still is not a nuclear power. It is way better than being around China's military drills around Taiwan and the inevitable military conflict. I hope you realize the distance between Paraguay and Venezuela is about the same as between Ukraine and Spain.
nah, its not much different as being in the backyard of usa.
distance doesn't mean much today, move into the present, its not 1940s any more.
But I get your (derived from your signature) biased points.
Do you expect a global atomic warfare over a internal chinese territorial question? (That wont be︀ the case)
distance doesn't mean much today, move into the present, its not 1940s any more.
But I get your (derived from your signature) biased points.
Do you expect a global atomic warfare over a internal chinese territorial question? (That wont be︀ the case)
Yes, it is my signature; anybody can see it and the services I provided. It is honest, compared to being a cheerleader for services one does not have in the signature.
You have a strong track record and understanding of geopolitics, so you are right.
Yes, it is my signature; anybody can see it and the services I provided. It is honest, compared to being a cheerleader for services one does not have in the signature.
You have a strong track record and understanding of geopolitics, so you are right.
You have a strong track record and understanding of geopolitics, so you are right.
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