This looks interesting and affordable. What would be a good tax option with this visa. I'm familiar with having two companies in Malta for 5% tax but I'm wondering if there are alternatives (possibly cheaper)?
Countries with Digital Nomad Visa
- Thread starter orangekangaroo
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Currently looking at moving to Antigua under their Digital Nomad Scheme.
Can anyone explain how you would still be liable to tax in your source income country if you don’t live there and therefore not tax resident?
The Antigua Digital Nomad scheme simply states you must come from a tax paying country, it then goes on to say you are not liable for tax in Antigua...
Can anyone explain how you would still be liable to tax in your source income country if you don’t live there and therefore not tax resident?
The Antigua Digital Nomad scheme simply states you must come from a tax paying country, it then goes on to say you are not liable for tax in Antigua...
That is interesting @Nomad Girl
The territorial tax implication in the article doesn't seem to be backed up by the agency.
Times of Malta article:
Residence Malta Agency FAQ:
The territorial tax implication in the article doesn't seem to be backed up by the agency.
Times of Malta article:
Residence Malta Agency FAQ:
It looks like you are mixing up the MVRP Malta Visa & Residency Program with the Malta Nomad Residency Permit
From this news article of the Bangkok Post, it looks like Indonesia is working on a 5-year Digital Nomad Visa with an exemption of foreign income tax.
It lacks more details about minimum earnings etc.
Bali delays reopening but plans 5-year visas for digital nomads
It lacks more details about minimum earnings etc.
Bali delays reopening but plans 5-year visas for digital nomads
The world is very fluid right now and it feels to me that every month a new option comes out while another one vanishes.
That would be an interesting option (as Indonesia was tough to get a longer term visa when I looked last) to consider but the place must be pretty much destitute as of now.
That would be an interesting option (as Indonesia was tough to get a longer term visa when I looked last) to consider but the place must be pretty much destitute as of now.
It seems Greece has gone official with the digital nomad visa. Law 4825/2021, Article 11.
Summary as I see it for non-EU citizens:
Greece has a 50% tax reduction on all sorts of taxes including a︂ cut in dividend taxes from 10% to 5% for people moving to Greece, be it︃ EU citizens (Including Greeks returning) as well as Digital Nomad Visa holders. Requirements:
Summary as I see it for non-EU citizens:
- Digital Nomad Visa application fee is €75 per applicant
- Proof of remote work outside Greece via company or own company incorporated outside Greece
- Minimum €3500 income proof after overseas taxes. Plus 20% for spouse and 15% for a child under 18. So family of 4. = 3500 + 700 + 525 + 525 = 5250.
- The maximum duration is 12 months.
- Costs €1000 per application, this includes family members
- Can be renewed for another 2 years︁
Greece has a 50% tax reduction on all sorts of taxes including a︂ cut in dividend taxes from 10% to 5% for people moving to Greece, be it︃ EU citizens (Including Greeks returning) as well as Digital Nomad Visa holders. Requirements:
- Not have︄ been a Greek tax resident for the last 6 years
- You have to move in︅ 2021 - my guess is that with the recent introduction of the DN visa this︆ will be extended
- Tax reduction is for a maximum of 7 years
Regarding taxation in Greece, the following article sums it︈ up:
Interesting: "Tax Exempt Income" and "Foreign Pensioners Regime".︉ In combination it means that, under certain easy to meet conditions, capital gains from listed︊ securities are tax exempt. Moreover, EU/EEA registered UCITS gains are tax exempt. And all other︋ foreign income is taxed at 7% .
It is not exactly clear how it works︌ with social security levies. Other than that, this looks pretty good. Surprising that there are︍ not more discussions about Greece. From a tax perspective it is almost on par with︎ Portugal's NHR system.
Interesting: "Tax Exempt Income" and "Foreign Pensioners Regime".︉ In combination it means that, under certain easy to meet conditions, capital gains from listed︊ securities are tax exempt. Moreover, EU/EEA registered UCITS gains are tax exempt. And all other︋ foreign income is taxed at 7% .
It is not exactly clear how it works︌ with social security levies. Other than that, this looks pretty good. Surprising that there are︍ not more discussions about Greece. From a tax perspective it is almost on par with︎ Portugal's NHR system.
I am currently looking at this with a UAE company set up.
This will tick one of the boxes for being an owner of an offshore company which does not trade with Malta.
As far as i can see - No corp tax in Malta and UAE, no personal tax in Malta and UAE.
UAE and Malta do have a double tax agreement ( although i don't even think this is relevant).
Whilst Malta is small (I've lived there before so am aware of what its like) its only a couple of ferry rides to Europe︀ if you want to take the car for a spin and very well connected by︁ air.
still in research mode but hope to have this all set up early next︂ year ( background check not withstanding )
This will tick one of the boxes for being an owner of an offshore company which does not trade with Malta.
As far as i can see - No corp tax in Malta and UAE, no personal tax in Malta and UAE.
UAE and Malta do have a double tax agreement ( although i don't even think this is relevant).
Whilst Malta is small (I've lived there before so am aware of what its like) its only a couple of ferry rides to Europe︀ if you want to take the car for a spin and very well connected by︁ air.
still in research mode but hope to have this all set up early next︂ year ( background check not withstanding )
2 more entries to countries with Digital visas.
- Panama 9 month visa which can be extended again for 9 more. Income to prove 36000 usd a year.
- Cyprus 1 year visa. Income to prove 3500 eur a month.
With respect to Cyprus please note the following:
(a) We are expecting the official framework to be published, so info could change.
(b) The said amount of EURO 3,500 shall be increased by 20% if there is a spouse/civil partner and by 15% (fifteen per cent) for each child.
(c) It will be for one year with a right to renew for two more years.
(a) We are expecting the official framework to be published, so info could change.
(b) The said amount of EURO 3,500 shall be increased by 20% if there is a spouse/civil partner and by 15% (fifteen per cent) for each child.
(c) It will be for one year with a right to renew for two more years.
Slowly but surely more countries are working on DN visas.
Here are some countries working on it or having implemented it:
Here are some countries working on it or having implemented it:
Brazil has launched a Digital Nomad Visa.
- Valid for 12 months, can be extended another 12 Months
- Minimum income requirements $1500 per month or show bank statement with more than $18,000
- Health insurance required
- Brazil Tax Situation for digital nomads unknown yet.
If you ever consider becoming a foreign investor in Brazil, also be aware of the registration of foreign investment capital. As a general rule, I try to avoid countries with any type of currency controls.
https://thebrazilbusiness.com/article/registration-of-foreign-investment-in-brazil
https://thebrazilbusiness.com/article/registration-of-foreign-investment-in-brazil
Sadly this sounds like what a few countries have like South Africa, Nigeria etc. Even to an extent Bahamas. Forget the place if I will be subject to capital controls.
I see on Brazil Government site the details below but no tax situation mentioned which is not a good sign. I do not want to become subject to Brazilian income taxes under no︀ circumstances.
https://www.in.gov.br/en/web/dou/-/resolucao-cnig-mjsp-n-45-de-9-de-setembro-de-2021-375554693
I see on Brazil Government site the details below but no tax situation mentioned which is not a good sign. I do not want to become subject to Brazilian income taxes under no︀ circumstances.
https://www.in.gov.br/en/web/dou/-/resolucao-cnig-mjsp-n-45-de-9-de-setembro-de-2021-375554693
More countries joining the DN visa.
Hungary
Hungary
- program called White Card
- Minimum income 2000 euros
- Valid 1 year plus extension of 1 year
- 1 year plus extension 1 year
- Income 2.5 average Latvian income
- Status