Best country for a freelancer / digital nomad post-covid
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Should be easy.
https://freedomsurfer.com/uruguay/
As far as I remember this guy has residencies in the Philippines, Georgia, Paraguay and Uruguay. Should all be a relatively good fit for nomads.
https://freedomsurfer.com/uruguay/
As far as I remember this guy has residencies in the Philippines, Georgia, Paraguay and Uruguay. Should all be a relatively good fit for nomads.
Why would they have to be able to contact you, if you finish all your tax paperwork there and move away?
BTW: No one stops you from informing them that you haven't decided yet, changing your mind after arriving in the second country, or telling them that your future country is DPRK. Even if only for privacy reasons. It doesn't matter what they think, they won't tax you if you aren't residing there anymore, or nor have any connections like property or family. Even when renewing your passport in the future at some embassy, you can ask them to write 'no permanent residence' in your passport. That's a fact, I did it myself and that's what it says in mine.
You can get a bank account as non-resident in most places, the only disadvantage is that you might be taxed a little more on the occurring interest than someone with a resident status. Hotel address is still accepted by many banks.
Or you can just convert USDT when you need fiat, I could trade USDT for cash with less than 2% spread in person in the last 4 countries I have been without any issues. I even got a better rate than if I would have used an ATM card or USD bills.
Brokerage accounts are becoming obsolete with DEFI, you can trade stocks and options without any banksters skimming off money.
The 'never-ending travels' aren't so bad, you have 179 days to enjoy each country, you can choose the best season to be in each place, and many of them are just a land border away. If you don't want to carry your stuff around, there are storage solutions everywhere, which cost less than $30 per month (per ccm), or just ask your landlord to keep your stuff. Or just keep your apartment there, most landlords don't pay taxes and don't report you living there anyway. Or just hire a guy with a Lexus to fill it up with your stuff and bring you to your next destination for $100 or so.
So yes, living tax free as a PT is possible, if you know what you are doing. And are a non US person.
Last edited: Dec 18, 2024
Beware. Many countries are going to tax you way sooner than that. Switzerland is 30 day when working and 90 days otherwise. US substantial presence test assist kicks in faster if you keep doing it year by year.
Yep. I tend to avoid the US and EUSSR, I haven't known that 90 days thing about Switzerland though, I'll keep it in mind. Thanks for the info!
In Asia, one just needs to be aware of the details .
Some countries count the >180 days per calendar year with a new beginning on January 1st,
some (like VN) calculate >180 days in the last 12 months, without a cut off at the end of the year.
In reality, one is seen as a tourist enjoying a long holiday, without any questions asked.
In the case of crypto holding/trading: As many of those countries don't recognize or regulate crypto (trading) at all, that's just risk mitigation. It's a legal precaution/prudential advice that aims to minimize legal risk and avoid potential liability or accusations of wrongdoing, just sort of defensive compliance" or "preemptive compliance," where a person or entity takes extra measures to ensure they are not violating laws or inciting others to violate laws, even if the legal requirements are unclear, debatable, grey, or non-existent (credit to jafo for that).
In Germany too. Until one day, they investigate you. It is unlikely as it is in Asia. But if they catch you, they will add the charges of tax evasion.
Humans are like money. It is just much more difficult to find something that he moving every couple of days.
You got me with the "general law". You confused your position in this debate. I do not have to look up anything for you (I already did), especially when all your value provided in this debate is "But I can't imagine" or "if some other country decides to tax you, your Paraguay paper residency won't be worth much"
No, the document "most likely" discusses determining tax residency and applying for DTTs.
Let's keep it nice here please.
Look, the problem with such statements are that they only apply in very specific cases. And in general, it is just leading to confusion.
Look, this is toxic and @cryptofriendly @JustAnotherNomad complained for a reason. We have had many idiots from EUSSR with new accounts here asking for a tax residency (sometimes even with certificate) anywhere. The problem is that taxation works the other way: you need to ensure the country you do not like cannot tax you. They generally won't care much about what you bring if your wife and kids are in school in your old home.
That's why they did rectify the facts. You can advertise your residency here, but don't promise anything which in the general case it is not (and this includes any claim of any sort that any other country won't tax you).
Last edited: Dec 18, 2024
A few posts ago your biggest problem with Paraguay was
"Paraguay looks interesting, but I remember something about banking issues regarding inward/outward transfers,"
Glad you solved it already for yourself with DEFI and USDT.
Good, you did not see the same problem with a statement like this. "And then what would be the advantage of the PY tax residency if no other country tries to tax you anyway?"
Good, you did not see the same problem here.
In what cases would it be an advantage to have tax residency in Paraguay?
(Hint: You probably don't understand what tax residency is.)
@NewHorizonsParaguay is right with his statement “Legally, it is not possible to not be a tax resident in any country. If you do not meet the time and substance criteria in any country, the country of your citizenship is your tax residency” and correctly mentioned the criteria that apply. Which is one of the reasons why the legend of PT is just that, a legend.
It has already been discussed here in the past, and a thread by @Sols that used to appear in his signature explains it well.
Of course, this is obvious (not to all, though).
But even when you have no ties to a country you can be taxed there absent other elements, just on the basis of citizenship.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Peter Taradash is also a legend.
No, but honestly let's take Switzerland etc. Once you deregister, they won't tax you anymore. You can even file jointly with your partner and send them your personal income, they don't care where you pay taxes. They tell you that you should file it elsewhere knowing that you may not. And that's not just Switzerland. It is many places.
Of course you need to have some tax is for banking etc. Also having a tax residency somewhere die protect you from claims elsewhere.
But having one somewhere never protects you from claims elsewhere in case you fulfil the tax residence requirements. And I think that's why people here did protest.
Last edited: Dec 18, 2024
Sorry, but no.
Some countries of citizenship do not require to be tax resident elsewhere to become non resident for tax purposes. France is one: you become non tax resident as soon as you don't meet the 3 criteria that make you FR tax resident.
PT=Perpetual Tourist
Also Peter Taradash, coincidentally rof/%
Hey that's easy then, if you don't want to pay taxes just “deregister” and go on with your life as usual thu&¤#
I only knew about Disneyland.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Good luck with using this argument in court.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
What court? This is French fiscal and residence rules, clear and straightforward (in this case).
Yes. PT believes in PT. Legends writing about legends:
https://www.waterstones.com/book/pt-permanent-tourist/jonathan-braswell/peter-taradash/9798518072725
The one where you have a judge sitting behind the desk and a prosecutor at your side accusing you of all the bad things you did or did not. Their goal is to take your money”¦
”¦and they will achieve it easily if this is your defense. Sorry.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I can confirm first hand that (they are) European countries not taxing you once you are deregistered. And that is with the tax guys knowing it explicitly.
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