6 ms·
There's definitely some hoops you may have to jump through, and as I mentioned I'm recommending this for digital nomads, not some random tax evasion scheme if y
by alipang 7y ago
There's definitely some hoops you may have to jump through, and as I mentioned I'm recommending this for digital nomads, not some random tax evasion scheme if you actually live permanently in some other location. This is probably doable, but illegal and risky.
In my case I officially rent a very cheap place in Sofia, Bulgaria's capital (< $100) which I don't use much, and travel a lot to other places (even within Bulgaria, as it's so affordable, so I actually do end up spending a good chunk of time there anyway though).
As a nomad, all you really need to do is make sure no other country has any claims on your tax revenue. Conditions varies - and it may be a good idea to not even own property in some countries. But mostly as long as you don't spend >50% of your time in any other given location they won't consider you liable to pay taxes there.
Note that Bulgaria of course does not have any complaints about me paying taxes in Bulgaria, regardless of whether I'm there or not. I'm basically just giving the tax money - this would probably be different if I wanted, say, citizenship, but that's a different issue.
Hope that's helpful.