Title
Be specific and imagine you’re asking a question to another person. You can also post non-question posts of general interest

Body
Include all the information someone would need to answer your question or reply to your post

Cancel

You won't be notified by email when a reply is posted, to change your notification settings. Posts must follow the TOS: No ads, self promotion, commercial posts, surveys etc. For customer support questions, don't post here but use the feedback box in the bottom right of this page instead.

🌍 Show all topics (14,117)

👍

178

👎

Need to incorporate and pay myself dividend income. Where is good option?

by @kittytana 9yr 9yr | 6 comments

Hello, I’ve been earning online for the past 2 years and had no need to incorporate. But now I’m applying for a citizenship and one of the requirements is that I own a business that pays myself a dividend income. I make money in USD and get paid through a personal US bank account. I’m NOT a US citizen or resident. Been living as a tourist in many places for 2 years. I’m looking at Belize and Panama but not sure what it might entail? In terms of money logistics, I’m not understanding how that would work? Anyone has experience in this?

👍

178

👎

👍

👎

@senseless 9yr 9yr

This depends on your work situation and how exactly you’re getting paid. If you’re a freelancer you can register anywhere and send the company you work for a bill as a consulting service. It still allows them to deduct you as a business expense and for you to not have to deal with the IRS.

Once your HK company is registered you can pay yourself dividends or as an employee of your own company. That’s up to you.

Personally, I would recommend Hong Kong, it’s relatively cheap, straight forward, they have all of their first world amenities (online everything) and a low tax rate. There’s no issues like in the US with deductions (Some things in the US have to be deducted over a number of years (Amortized? can’t remember the word), in HK if it’s a justified business expense you can deduct 100% of it). They also allow tax free reinvestment and have an easy process to obtain a permanent resident visa should you desire one.

The downsides of HK registration…
You have to physically be there to open a bank account. US Citizens will also have special requirements placed on them due to FATCA.
You have to file a tax return (they will notify you when you need to file) and you have to use an accountant certified in the HK to file your taxes.

👍

👎

👍

👎

@mohit 9yr 9yr

Hey @kittytana, I am in the same boat. I have talked to quite a few experts and have a good understanding of how this setup would work. You can email me if you wanna get on a quick call and discuss it.

👍

👎

👍

👎

@kittytana 9yr 9yr

Hi Mohit! Good to know that we’re on the same boat! Yea I would love to know how you’re doing it, if you don’t mind sharing. Thank you!

👍

👎

👍

👎

@mohit 9yr 9yr

Sure. In short I will basically have a Wyoming LLC set up which will act as the payment processor and It will be owned by a BVI IBC. I can pay myself dividends from the BVI company.

Since you are just looking for a dividend income, you might not even need an offshore holding company.

Send me a message if you’d like to discuss further.

👍

👎

👍

👎

@kittytana 9yr 9yr

Oh ok. Hmm I would like to avoid a US coporation if possible though as I don’t wanna be in their tax system… How do you pay yourself dividends though? Like transfer the money from the BVI company to your personal bank account?

👍

👎

👍

👎

@mohit 9yr 9yr

Hi @kittytana, you can email me at mohit at mohittater.com and we can discuss it better on email.

👍

👎

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

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:

- 🛂 Rebase: visa, residency and immigration services for remote workers

- 🎓Courses: learn the steps how to go remote and travel/relocate

- 🏛 Gov liaison: diplomacy services to the governments to help us lobby for nomads and for them to attract remote workers

Thanks a lot!

👍

👎

👍

👎

What are the best places right now in the Caribbean/LatAM? (Also cheapest flights/accommodation?)

by @orangutan3 4yr 4 years ago | 1 comment

What are the best places right now in the Caribbean/LatAM? (Also cheapest flights/accommodation?) Asking from the US.

👍

👎

👍

👎

List of Visa/Residency Information in Table/Spreadsheet format?

by @innovatelife 4yr 4 years ago | 2 comments

As part of signing up for this website I was hoping I would come across a list of Visa and/or Residency requirements by country ideally in a table format to assist with decision making. Does anybody recommend any other websites that might present the information in this format (or Google Spreadsheet)?

👍

👎

👍

👎

Most Walkable Neighborhood / City In The World ?

by @dannybooboo 4yr 4 years ago | 1 comment

I love living in walkable areas of town. I can always find them. But now I'm wondering where in the world are the most walkable places? I'm imagining walk streets (no cars), zoning allowing both business and residential, parks or beaches ,etc.

👍

👎

👍

👎

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

👍

👎

👍

👎

International number & internet?

by @leobassam 4yr 4 years ago | 1 comment

Has anyone figured out a way to get setup with a virtual number and internet connection anywhere you go?

👍

👎

👍

👎

Are there any tax issues I have to be aware of?

in Germany by @clara 4yr 4 years ago | 0 comments

Hi everybody. I live and work in Germany and want to go to Canary Islands for 6 months to work from there. I'm going to keep my current job, just change the "home" in the home office part of things. Are there any tax issues I have to be aware of? I was reading about becoming a residence after 183 days, thus having to pay taxes there plus my employer having to register there. Does anybody know how it works exactly? Thanks a lot!

👍

👎

👍

👎

Chiang Mai accommodation

in Chiang Mai , Thailand by @bertieb 4yr 4 years ago | 0 comments

Can anyone recommend a good accommodation website for Chiang Mai?

👍

👎

👍

👎

Is anyone travelling right now?

by @viktor 4yr 4 years ago | 3 comments

Winter is coming and I’m feeling the ache of travelling after being stuck in the same place since the Pandemic started. Wondering if anyone is travelling right now? If so, where are you currently located and how is the situation where you are?

👍

👎

👍

👎

What's the best place to incorporate an online business?

by @octave 6yr 6 years ago | 63 comments

I have an commerce website. We get around 1000 orders per month and this is going to get quite a bit bigger in next few years.

I am British. I live in Thailand.
Im not allowed to majority own a Thai business and small foreign entrepreneurs are not really welcome. So i need an offshore company.

I need PayPal and an ecommerce internet merchant account. Also looking at alternatives like worldpay. 2checkout etc

Does PayPal need me to be a resident to the country i register my account to? Are there complications being a non resident to get other payment solutions?

Apparently in Hong Kong you need 2 years trading history to get an Internet Mechant Account and they generally turn their noses up at those with less than $1m(us) a year turn over. Singapore seems a bit easier.

I really want to avoid paperwork and book keeping. I hate it.

So i was looking at Seychelles, Panama, BVI, Belize.

Does anyone have experience with payment providers in these countries?

Most nomads i see don’t really have a high volume of small monthly transactions which i do. Im going around in circles and don’t know where to start.

Ill also need a bank account for business and a personal bank account to pay my salary into

👍

👎

👍

👎

Affordable way to incorporate in Singapore?

in Singapore by @pras_k 6yr 6 years ago | 1 comment

Is there an affordable way to incorporate in Singapore?

I asked an agency and they charge around SG$11000 for the whole package.
I’d like to find a cheaper option since I’m just starting out.
Any recommendations?

👍

👎

👍

👎

Best place to incorporate in Hong Kong

in Hong Kong by @sohantanna 7yr 7 years ago | 1 comment

Anyone have any suggestions for great incorporation companies who have full services?

I’m looking for a company who can handle accounting, incorporating and book keeping (online) for Hong Kong.

Would appreciate any recommendations.

👍

👎

👍

👎

What's the best location to incorporate an online business?

by @dmftaras 8yr 8 years ago | 14 comments

Hey nomads,

I’m looking for the best location to incorporate my online business (offshore programming and so on).

The main requirements:

Low cost incorporation/yearly fee
Preferred with no audits (or other kind of paperwork)
With no local office/secretary/director needed
With low or 0% taxes
Easy to get paid from US/EU
Easy to send payments worldwide ( I can use Transferwise/Stripe or something like that, i don’t care )
With corporate credit/debit cards

I’m only one owner of the company (not EU/US resident).
I’ve checked jurisdictions like BVI/Belize/Nevis and i’m interested in it. It would be appreciated if you could give me some kind of advice, if you have experience with one of these jurisdictions.

My budget for incorporation < $1500

Thanks!

👍

👎

👍

141

👎

Where should I incorporate my business as a digital nomad?

by @ajsnewman 8yr 8 years ago | 5 comments

Which is your favourite country in the world to incorporate and why?

I have a product that I plan to retail in the EU, Japan, the USA, Canada and New Zealand. Where should I incorporate?

👍

141

👎

👍

👎

Incorporate in Hong Kong, name that cheques get made out to

in Hong Kong by @ktran03 8yr 8 years ago | 3 comments

I currently have a log of cheques form clients written to my name.

I’m not yet setup as a corporation in Hong Kong, but am thinking about doing so. Will I be able to deposit these cheques from my name into my business bank account?

Also, I wish to continue to receive cheques to my name. Will I be able to deposit them into my business based in Hong Kong?

👍

👎

👍

451

👎

What's the best US state to incorporate?

by @fuzzybabybunny 9yr 9 years ago | 9 comments

I’m getting sick of being a CA business because too many things need to be physically mailed in. My customers are all located in the Bay Area in California, but I want to incorporate in a state with low tax liability plus the ability to manage EVERYTHING online, such as business licensing, etc. Anyone got any tips?

👍

451

👎

👍

151

👎

How can I incorporate my business in the Czech Republic?

by @keckjs2233 10yr 10 years ago | 3 comments

Hey Guys,

I am planning on moving to Prague for 3-9 months as soon as May 1, 2015. I would be running a sports nutrition company remotely from there. Incorporating my business in Czech Republic and citing that as my “purpose for stay” seems like the most legitimate way to obtain a long term visa. I know the Nomad Guide to Prague is supposed to have directions on how to do this. Does anyone have any intel on when that is going to be available? Any tips for incorporating my business there? Finally, does anyone have advice for staying as long as possible on a tourist visa. Thanks a lot guys!

👍

151

👎