Wise has good business accounts too. I have them. My concern will Revolut or Wise is parking large sums in these financial institutions. At least in Canada, they are not banks. Any missing money is not covered by insurance

Very valid concern. I had the same issue originally. I’m not familiar with Wise as it has no benefits for me. Wise is best for non-EU I think. But Revolut is a fully listened bank by ECB as of the last couple of years. And It’s now the largest bank in Ireland. Offers credit cards, mortgages, insurance products etc. Traditional banks in Ireland are cooked IMHO. Dinosaurs compared to neobanks like Revolut, N26, etc.

If you are based in Dubai (and I get you have emirates id and UAE company ) - why not go to UAE banks?

Wise doesn't accept Uae businesses

for SEPA payments? what is the solution that you found?

Banks in Cyprus will open that for you.. If you have good revenues..

thanks.

Welcome

hey, anyone know of any accountants in portugal that can help me to optimise my tax structure as a digital nomad who just recently moved here? ty!!

Check the sticky, they’re great

you should move with an optimization strategy in mind :)

i have bruh

A secret benefit of Chile 🇨🇱 Real Estate: the DFL2 tax benefit

For up to 2 NEW property purchases up to 140m2:

- NO income tax on rentals
- 50% discount on property tax for 10-20 years
- 75% seal duty reduction
- No gift or inheritance tax

With two high-end properties, this could be 7-9k USD/mo tax-free for life!

These have to be new properties. If you are buying used, you keep the property tax discount till the end of the term, but lose the 0% income tax on those rentals

Nomads who have travelled around Asia (namely TH, PH, VN, JP, CN) how have you handled taxes? Do you need to apply for a permit different for each country?

In all of these countries, taxes are not required for individuals visiting as tourists. This status changes if one establishes long-term residence. Consequently, the optimal zero-tax nomad strategy involves maintaining an official address or residence in a zero-tax jurisdiction while traveling globally, ensuring that the maximum permitted stay in any given country is not exceeded.

Thanks, what about working there though? I read that technically I should apply for a work visa

i would love an AI summary of everything thats written about tax so far in this group

The actionable parts of tax are always specific to your individual circumstances. The substance and your risk appetite. And mainly, how much money you’re making.

I don’t know a single nomad who spent a few weeks / couple of months in a foreign country and who got busted for working from his laptop at Starbucks;-)

Great to know

I have been wondering about this. Maybe someone with more knowledge can correct me but on a tourist visa you are prohibited from working and being paid from within the country. The only scenario where working remotely breaks the rule, if I understand correctly, is if you work for a local customer. If your income comes from elsewhere you should be good IMHO

There are no blanket rules. Plenty of countries prohibit working at all, regardless of source of income. This is why some of the "nomad visas" are the same length as a tourist visa — they want you to report that income and pay taxes to them on it. Enforeceability with all of this is another question.

100% work for local company is forbiden for tourist. but that means that you can’t get a part time job while staying 2month somewhere. so don’t worry about frilancing or working remotely while on tourist visa - just don’t - even if this would be technically illigal - that is non-enforcable. even in chian or japan or usa

From what I could understand any work, foreign or local, is forbidden if you don't have the proper work visa

cant image living in turkey for 20 years tbh )

Any Canadians here have advice on best setups and best order to sort out residency / banking / corporate structure?

Check out Michael Rosmer on YouTube, he is/was Canadian and covers it a bit

Thanks - the country has deteriorated to an unrecognizable state, very sad to see the national self destruction happening.

Anyone living in Georgia and paying the 1% tax? I'm in Sweden and looking to make the move. Is it easy?

I can help you if needed

The great Uruguay 🇺🇾 tax holiday trick!

While the 2 million USD RE investment or 100k/year funds investment caused shock, not everyone caught the fine print:

"Quienes adquieran la residencia fiscal a partir del 1º de enero de 2026, en tanto configuren la hipótesis dispuesta en el literal A) del artículo 2º de este Título en cada ejercicio fiscal podrán realizar la referida opción sin necesidad de cumplir las condiciones previstas en el inciso anterior."

So besides the two investment options, you can still use literal A, Articulo 2

This says you can become a tax resident by either:
a) Spending 183 days
b) Having your main base of financial activities and economic nexus

For B, it is understood that you can claim tax residence in Uruguay when over 50% of your income comes from the country

So technically still possible to get the tax holiday without 183 days or investment if you open a Uruguayan company and run most of your income through it

Now, what is the big trick?

Foreign-source income in Uruguay is self-reported. Because the escribanos usually will not validate your foreign income, one can say that you have none or very little.

So one opens a SAS, invoices enough to cover basic living expenses through it, pays out the director's wage, pays the social security, and thus claims that this constitutes their main income

Uruguay will then consider the person a tax resident and allow them to claim the tax holiday.

Would this hold in court if there was a tax dispute with another country AND the person clearly has most of their income outside Uruguay and hasn't spent 183 days? No

Does it work to become tax resident and claim the tax holiday and have a tax certificate? Sure

Not legal advice

Nice thanks :)

Pieter is going through hell gathering invoices. From memory he was incorporated in Singapore. It sounds like Portugal has the same problem.

In Australia and US you don’t need invoice for every little thing unless you get audited which is great.

Has anyone solved this nonsense?

I would comment on Pieter’s x thread but replies are locked.

I thought perhaps you could do a C-corp or LLC in the US, and have it as containment to keep all the trading / spending there, and just transfer over big lumps of money as needed.

I think the solution he’s coming up with is pretty good: automate it with AI on your end, when other options fail. Most vendors send you invoices by email. I only have issues with Stripe, ChatGPT, Google Ads, Bing Ads, GoDaddy, and Respond.io I think. I used to be massively annoyed with that too, until I decided to religiously set up Gmail filters and auto forwarding to my accountant + whenever I can I move to vendors that support invoices via email (true story: moved most of my domains to cloudflare for this reason).

It seems to be easy..

it's fast and easy. takes 3/4 business days to register IE and open the business account

for an american citizen and remote biz owner, which euro countries work to live in long term? ai is telling me czechia is good.

Start with where you want to live, and then talk to an accountant/tax advisor that can tell you how things work in practice in a given country. Easily accessible public info won’t give you a good picture. Any country in the EU is good in some ways, and bad in others, and in every one you’ll find American business owners for whom it worked out.

Has anyone setup the Estonian e residency? It seems too good to be true - any catches?

I have it but I never used it. 0% tax on business is great but you have a flat 24% on any personal transfer. look it up

I’ve been running Estonian company for the last 10 years. For me, it’s as good as advertised, as long as your personal tax base is also in Estonia. But I’m also quite okay with paying a bit higher tax, and not having to deal with bureaucracy.

The main “catch” is that unless you “yolo it” (which I wouldn’t do), you’ll have to pay yourself a market-level salary for your work (either as an employee, or a director), and that salary is taxed at around 40% from gross (flat rate, including pretty high mandatory social tax). The 22% tax on dividends (profit after your salary, and expenses) is true, no “gotchas” here.

Not planning on any European or other high tax personal residency

Then you may be running into issues with banks, Stripe or anyone that will be asking questions like “where you actually are. Why your business is in Estonia”. Even after I physically moved to Estonia, and 8 years established history with a major bank, it still took me weeks to open a bank account at the same bank for another Estonian company I registered, due to KYC (and I’m EU citizen).

I use merchant of record to sidestep this entirely

Might work for you then. One other thing that was a surprise to me when I started was that company’s data is publicly available, and very easily accessible. Try looking up any estonian company: all revenue, all dividends, average employee taxes, headcount are all online.

Wow - I didn’t know that! Seems like a major red flag

Likely tax exit. But right now I actually just need an accountant to provide a confirmation of my income to give to the student finance company. I need an accountant that is able to provide a small service like this at the outset (without charging the earth).

Do you know somebody who could do this?

yes, can intro you!

Yes please, thanks Francisco

done!

I'm already into the non-dom program of Cyprus via the 60-days rule. So far I've got the non-dom residency SDC exemption, now waiting for the TRC to be all set and deregister totally from my home country.