Where to set up offshore LLC (as an American)?

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?) Asking from the US.

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)?

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.

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

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

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!

Can anyone recommend a good accommodation website for Chiang Mai?

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?

Greetings Nomads,

I recently closed a US company that was used to sell cheats or hacks for popular games due to imminent litigation.

I have just recently embarked on a similar venture, but working as a contractor. Myself, and my lead developer have just found ourselves in the position of not being paid and will need to re-establish ourselves.

Due to my experience in marketing, distribution and management I know running a company myself would still be a successful venture, I just do not want to run it out of the US.

Due to the nature and risk of litigation from large gaming companies I believe moving offshore will be the path I should take. I spoke with my attorneys, who basically made it sound like it would be impossible to set up without physically living somewhere, based on my past experience with these guys, and paying tens of thousands of dollars to protect myself just for them to say “it’s best to shut down” the moment we were contacted by a gaming company, I am going to assume it’s their lack of experience.

My questions are:

1. As a service likely in the same realm as Adult Services or Gambling, with myself residing in the US and my Lead dev residing in Europe, what country would be a good option to set up with fair tax that cant easily be pressured by US or European game producers?

2. In said country should I find and contact legal council there instead of using US attournies to fumble through this charging me exponentially more to just relay info and elongate the process?

Thank you in advance for any assistance.

Hey all! Planning to head to Southeast Asoa later this year and I’m looking for a place that’s got a good community of people who play beach volleyball. I’m in Medellin at the moment and joined up with a community of locals and expats who play a few times a week and I’ve gotta say I’ve quickly fallen in love with the game!

I want to find a place that’s got a good community I can play and practice with somewhere down there. Mix of locals and expats are both fine, though ideally there’s at least a few expats so I can communicate with at least one person in the same language! I’m open to indoor volleyball too, though I know that’s much less common (especially amongst nomads).

Appreciate any direction ya’ll can give!

Hello everyone,

I am a resident of Canada and I just found this site. I have been involved in cryptocurrency since 2011. I have been taking a bit of profits and paying capital gains taxes on my withdrawals for the 5 years. The problem is, 2018 is going to be a big for me because I have some investments that I expect to 10x in value. If I proceed with active trading the gains are getting to be so much that they are really going to cut into my bottom line.

I would like to incorporate offshore somewhere so I can trade in a company’s name and then pay myself a wage through that company that I can pay taxes on. What would be the best location to do so?

I have looked at Hong Kong because I am in the area fairly often (living in Phuket now) but it seems that there are a lot of hidden costs to the 0% tax rate according to this thread:

Would someone be able to offer advice or point to someone who can?

Hi there,
We are a husband and wife who travel a lot and have a small company set up in Fiji. We offer services to clients all over the world, but the Fijian banking system isn’t very accommodating for a digital based business with a lot of overseas expenses.

To make our life easier we are planning to set up an offshore company and bank account in Labuan.
We have a Fijian, Belgium and Uk passport but have residency in Fiji.

Does anybody have experience with a situation like this? and any advice how to go about setting up an offshore company and bank account ideally in Labuan (or Singapore)?

Hi,

I’m from the UK and looking at setting up a business offshore. However, I’m wondering is it possible to become an employee of this offshore company that I set up, while remaining a UK tax resident?

Are there any provisions in the UK tax system surrounding whether you are a sole director of the company etc?

Just phoned my current business bank in the UK(cashplus), they told me that I need to be in the UK to keep using their account.
Can I open a new bank account in Colombia and use it to trade for my UK LLC?
I have seen this : Non UK resident banks
But many requirements to open those bank accounts (having a UK resident shareholder, coming back to the UK, making a deposit of 20K).

I have an LLC formed in Portland, Oregon. I am the only member and do not ever plan on adding more members. Should I elect to have my LLC treated as an S-Corp for my taxes? I am a US citizen living in Europe but I do not qualify for the foreign income exclusion yet. Can anyone give advice that has made this election? I know that as an S-Corp I can pay myself a reasonable salary based on the company’s income and then pay the rest to myself in dividends that are exempt from certain taxes.

If I chose to pay myself 70% of the company’s income as my salary am I required to pay myself the other 30% in dividends or can I leave that 30% in the company’s coffers for legal fees, large chargebacks, and the like? Thank you for reading and with any help provided.