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How do you manage your location independent business as a Nomad Entrepreneur?


by @vzablocky 7yr  | 3 comments

Iโ€™d like to invite nomad entrepreneurs in this topic to discuss what are the challenges you face in filing taxes, insurance and banking complications, while travelling and running your business remotely.

Please share your thoughts! I would be happy to help!

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@string 7yr

For US nomads (living outside the US) the best structure Iโ€™ve seen is US LLC owned by non-US corporation. If selling anything other than your time the structure eliminates the self-employment tax (about 15%). Also gives access to US banking and doesnโ€™t make a difference if your clients are in the USโ€“or anywhere.

Thereโ€™s a webinar by US tax attorney on how to set this up: http://ustax.bz/webinar

And full disclosure: I am working with Stewart (attorney) on this webinar series. I actually met him when I became a client and he set this structure up for me. Before setting this up I looked into Hong Kong company and Panama residency but didnโ€™t need it cause this is way simpler and cheaper to manage.

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This is a great thread! Thanks for starting it!
I work remotely, however, all of my income, clients and resources are from California. I have not dabbled into the international or even interstate requirements, laws, and tax issues. As for insurance, I rely solely on travelers insurance. Banking, I have someone that does my banking for me back in California - I set it up to be automated for me - and have blank checks ready as needed. Clearly - itโ€™s with someone I trust deeply - FAMILY! haha

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Well, what Iโ€™ve done is started a company in Dubai and by and by I want to process all my incomes from the Dubai company. Dubai has no income tax, but 5% VAT now.
Itโ€™s a challenge, but gotta do it.

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Read and participate in 14,117 discussions on Nomads.com

Suggested topics

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What features would you like to see on Nomad List?


by @levelsio 4yr 4 years ago  | 3 comments

Hi everyone,

I would love to hear what you'd like me to build next on Nomad List, or any other product/feature feedback ideas you have.

It's been 6+ years now but I'm in this for the long term and with the boost remote work got last year it's even more exciting to work on Nomad List than ever.

Current roadmap is here: twitter.com/levelsio/status/1363204985488572417?s=20 and pbs.twimg.com/media/EusS9PKXEAUR8xp?format=jpg&name=4096x4096

The next products/features I have planned:

- ๐Ÿ›‚ Rebase: visa, residency and immigration services for remote workers

- ๐ŸŽ“Courses: learn the steps how to go remote and travel/relocate

- ๐Ÿ› Gov liaison: diplomacy services to the governments to help us lobby for nomads and for them to attract remote workers

Thanks a lot!

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Any nomads in Arizona, US?


in Netherlands by @info132 4yr 4 years ago  | 4 comments

Hi guys,

After the Netherlands, the Bay Area, Colorado and being on the van life for 8 months, I am now in Sedona, AZ with a few other digital nomads. We are sharing a home here and are wondering if there are more like minded people in the area.

We do a bunch of hikes and campouts in the northern of Arizona. If you would like to connect with us, please do so :)

Val

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Are there any digital nomads in the Islands e.g Bermuda, Barbuda, St. Kitts and Nevis?


in Antigua , Guatemala by @momo11 4yr 4 years ago  | 3 comments

Does anyone ever travel to any Islands like Bermuda, Barbados, Barbuda and St. Kitts & Nevis?

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Best place in Portugal near cool nomads, good surf, and a great cowork spot


in Portugal by @joelnicholson 4yr 4 years ago  | 9 comments

Hi there, title says it all. Canadian nomad hoping to find the city/town in Portugal with great, consistent surfing, a solid coworking spot, and a fun group of young nomads. Please recommend!

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Tax advisor for permanent nomads?


by @eljaques 4yr 4 years ago  | 1 comment

I'm in need of a tax advisor who understands "our" typical situation. I'm all good on being legal on taxes at this point, but as I'm doing more investing and there's more compliance and KYC and such, it's getting more complicated to deal with this topic. Not living in my country of citizenship, company in another country, resident in yet another country, banking in a different country ... you know how it is, a pile of red flags.

Would be great to find a good tax advisor to sort things in a way that makes my situation as "explainable" and easily dealt with as possible. Any leads?

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How to get into the digital nomad lifestyle?


in Switzerland by @filiptk 4yr 4 years ago  | 1 comment

Hi, I've got a question to anyone who had experience with the digital nomad lifestyle. I'm 24, I'm in my last year of university doing computer science, got 3 years of experience mostly doing web development.

I never liked the idea of staying in one place, getting a job and growing roots - hence the will to take the opportunity and travel the world. My main question is โ€“ how do I go about it? Are there any useful resources I could look into?

How do I go about insurance and such once I decide to move. I currently live in Switzerland and do freelance work for one company. It's not a lot, since my studies don't allow me to pick up a full time job, but it allows me to cover simple expenses.

I'd be happy to get some insight into how things work and also happy to network with anyone interested.

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How do I set current location? I've looked everywhere for this option.


by @yousifyalda 4yr 4 years ago  | 5 comments

All I see is section to add trips, but I reside here. Home and all.

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What is the best online insurance for digital nomads ?


by @berberos 4yr 4 years ago  | 4 comments

Hi guys ! hope you are doing well.

I would love to get your feedback regarding the best insurance for digital nomads. i'm traveling around Asia since 1 year and for next 4 or 5 years. Would love to buy an insurance to cover especially :

- health

- laptop, phone ...

- Flights

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What age did you start out and went location independent?


by @raynesio 4yr 4 years ago  | 11 comments

Eager to find out what age most start out as a DN? (Me)โ€ฆ 27 and just started out in the last 6 months or so. Not presently 100% location independent, probably more like 90% as still required to visit the office from time to time

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What are the best blogs by individuals who have started businesses in Southeast Asia?


in Thailand by @haiducii 5yr 5 years ago  | 0 comments

Hey everyone,

Looking for blogs by individuals who document their progress/business in South East Asia - ideally Vietnam, Cambodia or Laos - but also Thailand/Myanmar too.

Thank you,

Haiducci

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Any nomads working on startups?

 

by @mattlock 5yr 5 years ago  | 33 comments

Hoping to see all the cool stuff people are working on while they live an extraordinary life.

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Any Ph.D students dissertating while a digital nomad?


by @larsheather 5yr 5 years ago  | 5 comments

Anyone know of any groups or resources for Ph.D. students working on dissertation while living as a digital nomad? I know there are several virtual writing groups around, but wondered if there were any specifically for digital nomads, particularly those who are dissertating.

Thanks!

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Does international health insurance for digital nomads exist?

 

by @al_steffen 5yr 5 years ago  | 59 comments

Hey Nomads!

Iโ€™m looking for an international health insurance (no travel insurance) for my nomadic life. It should cover the basic services and at least be accepted in the EU (itโ€™s ok if itโ€™s not accepted in the US as Iโ€™m aware they rarely are). Nice to have: enter into a contract online. Anyone got a good experience or a recommendation?

Thanks in advance!

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What is the gender split on NomadList?


by @iamhopeless 5yr 5 years ago  | 1 comment

Just curious. What percentage of men vs women are on here.

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How do you invest internationally as a nomad?


by @mateuszwieloch 5yr 5 years ago  | 17 comments

I have finally saved enough money to start investing. What company gives good, diversified access to stock, ETFs and mutual funds? Does it make sense to use company like Vanguard or Fidelity for that? Iโ€™m a EU/Poland citizen, how would I transfer my money back and forth without incurring significant fees?

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I dream of being a digital nomad? How do I do it?


by @programmingmark 5yr 5 years ago  | 2 comments

Hello digital nomad!

I dream of being an independent digital nomad. But it feels very elusive & unattainable with my success rate. In full disclosure, whilst I have dreamed about making money online since high school; I have not earned a single cent making money online. $0, nada, zilch!! On the contrary, I have spent a lot of time & money on books, podcasts. Even though I have spent a lot of time reading/listening to others, I do not have anything to show for it!

I have made attempts in the past to start an online business, but these fizzle out quite quickly when I do not see traction especially when the goal I have set myself is too high.

Instead of reaching for the ultimate nomadic lifestyle goal, I want to start much smaller. Really small! I am simply looking to make $50 profit per month from a new online business. Thatโ€™s it.

I need some advice from you please!

  • Is $50 profit too low? How long did it take you to earn $50 profit per month?

  • What is a good way of achieving this goal?

Thanks
Mark
aka the $0 online business entrepreneur

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Are there any nomad meetups in Osaka?


in Osaka , Japan by @freddychanut 5yr 5 years ago  | 1 comment

Will be in Osaka this April/May and was curious to discover interesting groups/events.
I had a look at FB + Meetup but there doesnโ€™t seem to be much. Any advice on where to look?

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How do digital nomads pay tax?


by @rodriigovieira 5yr 5 years ago  | 19 comments

Hello everyone! Iโ€™m new here and probably this is a very newbie question, but it doesnโ€™t leave my head.

How do you, nomads, pay your taxes? I mean, if youโ€™re constantly traveling, how are you going to pay taxes for a certain country if you are going to stay there a short period of time?
Or do you return to your โ€œoriginal countryโ€ and then pay them?

By the way, this forum has very nice cool formatting features! :smile:

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Are there nomad families here and how do you choose your next destination?


by @martinratinaud 5yr 5 years ago  | 4 comments

All members of my family has different needs and hobbies so how do you pick the perfect places?

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My first time nomad-ing... Spain or Portugal?


in Portugal by @jasraj 5yr 5 years ago  | 6 comments

Hey everyone,

Iโ€™m a freelance + nomad newbie, off for my 1st proper trip in May. Iโ€™m wanting to spend a month somewhere and go from there.

I just came back from Slovenia/Ljubljana and loved it there (just a week). I donโ€™t mind โ€œsleepierโ€ places par-say, as long as theyโ€™re close to a beach or nature of some kind. In fact, I kinda like places less-busy and a bit smaller/cosier.

Iโ€™m been swaying towards Porto, but have been impressed by the rave reviews Iโ€™ve seen for Valencia.

-> Have you every nomad-ed in a Spanish/Portuguese city? Iโ€™d love to know where and what you liked/disliked :slight_smile:

Thanks! :slight_smile:

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