Your life should be split like this:
One country for citizenship, one country for residence, one country for your money.
This arrangement earns you a lifetime of peace of mind.
replies(2):
For some time now I've been researching how to become a digital nomad and legally optimise my taxes.
There are numerous services that claim to be able to help with this, here are just two examples that I found:
https://taxhackers.io
https://denationalize.me
Does anyone have any experience of this and can tell me if it really works and is legal?
Also, why do they charge so much when there are other services that can do this for much less (e.g. Stripe Atlas: https://stripe.com/atlas)?
I am thinking of moving to Thailand, but I do not want to be a perpetual traveller. Can setting up a US LLC as a non-resident (or a UAE free zone company) be considered "foreign sourced income" without being taxed even if I am a tax resident of Thailand (>180 days living there) and what experience can you possibly share if you have tried something like this before?
What additional advice can you give me and others to make this a great trip instead of a nightmare?
Thanks for all your input and a healthy discussion on this topic!
One country for citizenship, one country for residence, one country for your money.
This arrangement earns you a lifetime of peace of mind.
I think this is not so easy though, depending on the individual circumstances. My home country for example might want proof of my tax resident status of the past years if I ever decide to move there again, which will be difficult, if I have not been a tax resident anywhere. Of course this is easy when you reach a certain amount of wealth, but unfortunatelly I am not there yet and might need some time (if ever) to get there.