Tips & Strategies

Many nomads don’t understand the difference between worldwide vs territorial tax system. These are two different systems that countries apply to determine which income they take into account to calculate your tax liability. The Difference Between Worldwide vs Territorial Tax System The main difference between worldwide vs territorial tax system is the income they tax […]

In this article we’ll have a look at two different forms of businesses structures: UK LLP vs Ltd. The Limited Liability Partnership and the Limited Company. Both are business structures registered in the United Kingdom. We will discuss what each of these structures are as well as their key differences. What Is a UK LLP?

If you invest your money and intend to sell your investments at one point, you might be confronted with capital gains tax. In order to optimize your tax liability we’ll have a look at countries with no capital gain tax. Essential Considerations about Countries with No Capital Gain Tax Before diving into the countries with

The bona fide residence test is an important concept if you are a US taxpayer. We’ll discuss what it is and how you can use it to your advantage. Key Takeaways What Is The Bona Fide Residence Test? The Bona Fide Residence Test is a concept from the US tax code. Hence, it’s important to

In this guide we’ll look at the eight best countries to set up an offshore company. We’ll have a look at some of the more reasonable options compared to all the exotic countries you might have heard about in the Panama papers and similar publications. The latter come with a bad reputation and sometimes make

Both the Limited Liability Company in the United States and a Limited in the United Kingdom are corporate setups which are populars amongst nomads. In this article, we’ll make the comparison: US LLC vs UK Ltd. In Short: What is the Difference between US LLC and UK Ltd? First of all, both companies are obviously

Lets have look at the ten best crypto-friendly countries and answer some of the frequently asked questions in this respect. Key Takeaways What Makes a Country Crypto-Friendly There are various elements we take into account when assessing whether or not a country is crypto friendly The Best Crypto Friendly Countries I made a list of

Nomads are generally front runners in many fields, like crypto for example. The end goal of investing in cryptocurrencies is mostly to cash out and make a nice profit. If you’re planning to do this, you want to have a look at crypto tax free countries. I’ll share with you my list of favorite countries

More and more countries seem to understand the importance of digital nomad visas. So, there is no shortage in digital nomad visas. However, there is a big difference in the criteria you need to meet to apply and their application process. In order to help you out, I’ve put together a list in which you

One of the typical questions I get from clients is: where should I set up my company as a digital nomad? How do I arrange my digital nomad company registration? The answer really depends on your situation. However, we’ll have a look at some guidelines and some examples that will give you a better idea

Many digital nomads know about the so-called 183 days rule or at least have heard of it. Most nomads will know it has something to do with taxes. However, the actual depth of their knowledge will depend from one to another. In any case, I noticed there are some misconceptions about this rule and some

Is it legal to be a digital nomad? This is probably a rather broad question with multiple layers to it. We’ll have a look at the different areas and what to pay attention to. Is It Legal To Be a Digital Nomad? Yes! It’s definitely legal to be a digital nomad! However… Being a digital

In recent years, the amount of countries offering digital nomad visas had increased significantly. This is no surprise. Since Covid more and more people discovered the benefits of working remote as a digital nomad. I am a tax advisor for digital nomads. Hence, my focus area is assisting digital nomads with their tax setup. However,

You will often hear people say that becoming a tax resident in a territorial tax system is the key to lower your taxes. In this article, we’ll have a look at what it means and how it can help you to save on taxes. I’ll also share with you the best territorial tax countries based

I always get the question “what are the best tax countries for digital nomads?”. Unfortunately, there is no one-size-fits-all when we are talking about countries with good tax arrangements for digital nomads. Therefore, we’ll have a look at different options by presenting ten countries which are attractive for digital nomads from a tax perspective. However,

As a professional tax advisor I get a lot of questions about digital nomad taxes. Some questions are rather basic, while others are very specific. In order to put you on the right track, I created this guide. You will learn different things like: Do Digital Nomads Pay Taxes? Probably one of the most searched

Digital nomad double taxation is something you should be vigilant about if you have an international lifestyle. The reason is very simple: you will spend time in different countries and work from each of these countries. Furthermore, you might maybe own some assets (e.g. real estate) in countries other than the one you actually live

Searching for a tax free digital nomad visa? Look no further! In this article we’ll have a look at some interesting tax free digital nomad visas and some other interesting digital nomad visas. It’s always nice to visit new places. Maybe you even like a place so much, you want to stay there for a

Many digital nomads look to the US LLC to structure their business. In this article, we’ll discuss if the UK LLP for digital nomads could be an alternative to the US LLC.  In a previous article, we discussed why a US LLC is an interesting option for some digital nomads. Spoiler: it could help you

When we talk about taxes a lot of people immediately think about personal income taxes or corporate income taxes. You’ll also find a ton of articles out there with lists about the countries with the lowest tax rates. However, almost all of these articles forget about one thing: social contributions for digital nomads.  What are

The European Health Insurance Card – formerly known as E111 card – is something what most nomads don’t know much about. At DigitalNomadTax, I don’t only want to inform you about the topic of taxes but also everything connected with it. Therefore, I would say that as a nomad you should have a good understanding

The Canadian Limited Partnership for digital nomads is a structure that could help you with your tax structuring. In a previous article, we already discussed the option to set up a US Limited Liability Company and the potential benefits for digital nomads. The Canadian Limited Partnership for digital nomads works similar to a US LLC.

If you are a US taxpayer, you need to know about the Foreign Housing Deduction for digital nomads. As a US citizen or resident, you keep paying taxes to the US even if you don’t live there anymore. In order to limit your US tax burden, there are some tax benefits that can help you.

Are you a digital nomad? Have you ever wondered about the complexities of working across borders and how it relates to the “permanent establishment for digital nomads”? Well, you’re not alone! The permanent establishment is a crucial concept in international tax law that determines a business’s tax liabilities in foreign jurisdictions. In this article, we