Non US residents, can you share your testimonial about your US business bank account?

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

I am a New Zealander looking to travel for a couple of years in different countries. For this purpose I would ideally like to shift my company to a lower tax territory where I will live part time, as I am currently taxed at roughly 33% in New Zealand, however it’s closer to 40% when I add in all the hidden taxes.

With a move I won’t be living in NZ so I’ll no longer be obliged to pay any tax after 320 days.

I ideally would wish to be a tax resident of the country I incorporate in. What country is easiest to do this through? A large chunk of my business relies on PayPal which requires your bank account to be from the same country your company is registered. Thus I can’t do anything such as BVI or small islands.

Tbh my best bet looks to be Dubai Free Zones at this point and I can do some travel in europe from there.

Looking for recommendations for reliable accountants who understand how remote businesses with off-shore freelancers and clients work. Thanks!

Heyo folks! The idea to open up an own coworking space in Malaysia has been on my mind for quite a while and I would like to reach out on foreigners being a business owner/co working space owner in Malaysia, there are a lot of questions that would follow up but most importantly is to reach out to someone with experience.

Ideally would be someone who runs a coworking space in Malaysia, second best would be to just come in touch with a foreign business owner in Malaysia.
Cheers
Yamin

I’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!

Hi, I know there are a few posts around this topic but none of them quite answer my questions.

I am British and currently a resident in the UK.
Next year I am going to become a non-resident and spend over a year traveling mostly around Europe, moving every few weeks never staying anywhere longer than a month. (My first venture into becoming a digital nomad!)

I am remote, self employed, software developer working mostly for one client based in the UK.

Where am I liable to pay taxes?
From what I have read I will not be liable to pay taxes in UK, can anyone confirm this?
If not the UK then where if I am moving every few weeks?
If possible I want to avoid starting a company as this seems unnecessarily complicated for my work setup.

Thank you in advance for any help

Hello! My family and I are planning to move to Europe and live nomadically for some time. I was wondering if anyone had experience registering a NON-EU spouse. I know some countries are faster than others. Spain takes 6 months vs Poland taking 1 month. I would love to hear of anyone who had this experience. Do you know of any country where the process of registering a NON-EU spouse i fast? We don’t want to wait to long in one county waiting for the temporary residency. Thanks!

I heard from an American friend that he has several cards similar to the APEC Business Travel Card (link to Wikipedia ) that allow him to get priority treatment at immigration line in certain countries.
I was very intrigued and quickly checked up on the card, but it seems to be only available to citizens of APEC-member nations.

I was wondering if anyone here uses such cards, what your experiences with them are (specifically, I’m interested in cards available for Europeans/Germans).

Hey fellow nomads. I have an interesting situation.

I’m a Canadian Citizen who’s been a resident of the United States for the last 12 years (work VISA). I incorporated my LLC in Hong Kong and have been a nomad for about 6 months.

I just spoke to my Accountant and he says that I will only have to pay taxes to HK, because I’m not a resident of either US or CAN. That’s amazing news as both places suck for taxes.

I’m currently in Colombia but I spent the first 2 months of this year in Canada—I want to make sure I stay out of Canada long enough to remain a non-resident.

Does anyone know what that amount of time is?

Hello guys, I was wondering if anyone had any experience in opening a business bank account in Hong Kong. I’m getting all the paperwork ready to incorporate in Seychelles and open the bank account but the agency that is helping me says Hong Kong bankers are getting more picky. They are asking me for business ‘proof’ since i’ve always ran my sites as an individual I wonder if just proof of payment from ad networks is enough. If you have any advice it would be much welcomed.

I hold South African/Portuguese dual citizenship, however I was born and (officially) reside in South Africa. Any recommendations for a nomad friendly european bank account ? Ie, one that does not require residency, proof of address, or have easy ways to get around these.
I will not be using it much for day to day expenses, more as a way to hold euros and be able to transfer between accounts. My US bank account has very high fees.
I am in europe for the next week or two (currently Italy) and hope to be able to get one before I leave.

We’re headed to Chiang Mai in July looking at our options for visas and came across this: http://www.cmlocals.com/1-year-ed-visa-hand-to-hand-combat/

Has anyone done it?

It looks amazing and beneficial for many reasons, but I’m a little skeptical without being able to read external reviews or hear of experiences from people who’ve successfully done it.

Thoughts and other options are appreciated!

p.s. right now we have a one-way ticket and are wanting to keep our options open to stay longer if we love it (which we’re anticipating)

Hi fellow nomads !
Looking for tax representative offices, logistic solutions and Company incorporation in Netherlands. ?

I will be in Amsterdam coworking and checking these companies out? Honestly I do not want to end up with a hidden fees company…

Cheers from Berlin,

I am thinking to change my base to Singapore .

I have some queries regarding it,

Hacks of Price of Living : I don’t want to live in hostels where 4/8 persons live in a room, want to live in a room may be in a shared apartment, gym and other facilities would be nice, I am getting in 800 to 1000 SGD’s pretty good Condo rooms, can I turn it down to 500-600 ?

Food : I stayed there for a month recently, so pretty much know the food hacks now, if I am eating at home its cheap and hawkers places are also cheaper.

How’s it for business Base ?

I run a Software Development Company mostly into building MVP’s for Startups and running extension teams for SME’s. So I think it will be pretty good for me based in Singapore for finding new opportunities and Client Communications.

What do you think about it and any suggestions would be great.

Hey guys… I’m from a EU country but in the past 6 years I spent there just 3 weeks.

I have a bank account in Australia, since I spent there over 4 years. Now I’m mostly in Thailand or travelling around.

Because of my experiences

a) PayPal froze my account for several weeks until I was able to give them documents that are very difficult to get if I’m no longer in Australia

b) when applying for a tourist visa to Australia just to pick up rest of my stuff - it’s supposed to be done within 48 hours… well it took them 3 weeks just to ask me for additional details (that I already gave them with the application anyway) - I lost my tickets and bookings - of course no way to email them, call or whatever

This made me think about the fact that I have all my money in Australia. While I’m doing nothing illegal I can’t risk that some “officer” with a bad day decide to freeze my account to investigate whatever and I’ll be left with nothing for who knows how long. Not to mention they usually can’t grasp the concept of perpetual travelling.

So my question - anyone has RECENT experience with opening a bank account in SE Asia? Either personal or business (thinking about UK LLP or US LLC)

It seems that

a) countries such Singapore has assumption that everyone and his dog is laundering money… $500 at a time…

b) Thailand with lazy and incompetent staff where you ask to open non-resident bank account just to be told “don’t have” … you point on the 3x3 metres huge board behind them listing interest for non-resident bank account - answer “aaah, yes yes can’t open, new rules” (even while having a Thai with me)

Thanks!

Hi everyone,

Starting in May 2016, I’m taking a year and a half abroad to work and develop my online businesses. I’m making more than 10k dollars per month at the moment from mainly 2 revenue streams. It works well but we all know how things change fast online - that’s why I’m always looking to launch new businesses.

We all know how the team is important in each profitable business. That’s why I would like to meet other nomads to launch online projects together.

I’m more a digital marketing expert and have as well some web design + web development skills. My ideal vision will be to rent a house at 3 or 4 (a programmer, a designer, a marketer and an operations/sales expert for instance) and work together on new online projects (eCommerce, saas, or anything else that can be profitable). We can even be more in the house and would work on other/more projects. Because the team will probably be international, our projects can have a quick international scope (I’m French and I speak English and Spanish as well). We would change our location every 2/3 months to enjoy the nomad’s life

Do you find my proposition interesting? According to you, how can I improve it?
Or, do you know any other way to find business partners as a nomad?

Thank you very much for reading me,

Best,
D.

Hi! Has anyone wondered how to get Android Pay working on their device as a non US/UK/Singaporean citizen? Apparently those are the countries supported by Android Pay currently (as in, supported Cards of banks situated in those countries, to be precise).

I was thinking to open a UK bank account just for this purpose, but that requires proof of residency and opening a Singaporean account has became significantly harder, either in later years. Any tips? I’m an EU citizen btw.

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!