How to Travel the World Tax Free
8.2 هزار بار بازدید -
2 سال پیش
-
You are tired of paying
You are tired of paying taxes in your home country. Could you just perpetually travel the world and be a tax resident nowhere? Live your life without paying taxes? Is this even an option?
Today I'm going to tell you how to travel the world tax-free!
How can you live your life as a digital nomad or a perpetual traveler without paying any taxes anywhere (legally of course)? This will depend on your country of origin, as it's easier to escape some countries' tax nets than others.
For example, if you're an American you will have the obligation to pay American taxes as long as you keep your American citizenship, no matter where in the world you live. You can get a foreign-earned income exemption, up to a certain amount but you will still have to file your taxes every year. If you're making lots of money Uncle Sam will want his share, no matter where in the world you are.
If you're from Canada it is possible to cut tax ties to your country, but there are many things to pay attention to. You need to make sure you severed your ties in a proper way, otherwise, you may still be taxable even if you left.
At the same time, you need to make sure you don't become a tax resident in another country. This typically means that you shouldn't obtain a residency permit in another country nor spend more than 6 months per year in any country. The exception is of course tax-free countries, such as UAE.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
..........................................................................................................................................
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
Book a call with Michael:
https://calendly.com/michael-rosmer?m...
Visit our website:
https://offshorecitizen.net
Today I'm going to tell you how to travel the world tax-free!
How can you live your life as a digital nomad or a perpetual traveler without paying any taxes anywhere (legally of course)? This will depend on your country of origin, as it's easier to escape some countries' tax nets than others.
For example, if you're an American you will have the obligation to pay American taxes as long as you keep your American citizenship, no matter where in the world you live. You can get a foreign-earned income exemption, up to a certain amount but you will still have to file your taxes every year. If you're making lots of money Uncle Sam will want his share, no matter where in the world you are.
If you're from Canada it is possible to cut tax ties to your country, but there are many things to pay attention to. You need to make sure you severed your ties in a proper way, otherwise, you may still be taxable even if you left.
At the same time, you need to make sure you don't become a tax resident in another country. This typically means that you shouldn't obtain a residency permit in another country nor spend more than 6 months per year in any country. The exception is of course tax-free countries, such as UAE.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
..........................................................................................................................................
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
Book a call with Michael:
https://calendly.com/michael-rosmer?m...
Visit our website:
https://offshorecitizen.net
2 سال پیش
در تاریخ 1401/12/15 منتشر شده
است.
8,294
بـار بازدید شده