Digital Nomads

????? you guys are paying taxes to more than one country?????? how

i thought the whole point was to country hop as a visitor/tourist

lol me and you both

Tons of Scandinavians in Thailand obviously but mostly of the old retired variety. One nice thing here is no property taxes unless you are renting your place out. That bothered me in the US, in some places you pay so much in property taxes but there's no guarantees: you may or may not get public trash pickup, you may or may not be connected to the public sewer systems (i.e. need a private septic system), cops & fire can take 1+ hour unless it's life threatening, sometimes they don't come at all, roads aren't guaranteed to be good quality just because property taxes are high, etc.

Few of the comments are offering much value to the OPs question. They are just telling him to pay high taxes and enjoy it.

I second what someone else said on Paraguay. But you have to want to live there (pros and cons)

If memory serves, Costa Rica and Panama both offer 1-2y remote worker visas and they don't tax foreign earned income.

Just a quick question would you be able to work in Denmark for 40 years to qualify for the retirement pension. I believe it's one of the best in the world.

Otherwise yes go abroad.. Australia where I live taxes just as much so avoid here too. Lol

If you’re a US citizen, you pay taxes to the IRS no matter where you live in the world.

Besides the countries you mentioned. I think Czech and Andorra, and Malta are good options. With around 10-15% tax. But of course you need to do more research.

So many people saying USA is the answer and imo it's not. We still get taxed out the ass here.

I have a buddy who is a DN from the UK, living in Mexico, and his residence is in Paraguay. Pays 0 taxes.

If you become an American, you'll be a citizen of one of the two countries where no matter where you are in the world, you have to pay taxes. At least as a citizen of other countries you have options to lower tax burden by going nomadic.

get a remote job or set of clients, go to georgia, open a company there. you'll pay around 3% taxes. their banking is well connected with the western world so you won't suffer receiving the money. then hit the road and never:

- spend more than 180 days in one country consecutively or accumulatively in 1 calendar year.

- get a long term rent on a house

- get into a project with a local client.

you can then enjoy close to full salary.

DM me for more legal tips and tricks.

Georgia.

1% taxes opening registering as an Individual Entrepreneur.

Guernsey is pretty good. 20% income tax flat and if go via 'locate Guernsey' you'll be capped at £50k per year first 5 years I think. But you have to deposit £1m in a Guernsey account or employ X amount of people locally.

On capital gains tax, sales tax, IHT or anything like that. I'm not family with Danish tax but might be worth considering and not a million miles away from Denmark.

All the best!

Ignore the madding Redditors. Cyprus is great. Got a thriving community here of people from all over, and the lifestyle is enjoyable. You pay 12.5% corporate tax which is more than fair, and dividends are tax free. Tax residency here is two months also.

hmm maybe you can move your residency to somewhere tax haven and travel?

The U.S. sounds right for you. One of the lower taxed countries in the OECD. However you would be hard pressed to find a higher standard of living than Denmark.

Bulgaria. As an EU citizen you can legally reside here indefinitely and pay 10% income tax. Cost of living is way lower then Denmark too.

America brother. There’s a reason 100 years ago 80%+ ova there people used to be self employed.

It’s worth giving Texas a look. For now at least

You’re lucky to be in Denmark. Don’t leave. Take vacations

Andorra

10% income tax

Though there are some pretty hard requirements for most foreigners to become residents

I recommend checking out the youtube channel nomad capitalist and the book is amazing too. They have many videos regarding your concerns.

Taxes in Portugal are not better, unless of course you apply to the special regime for newcomers, but I think that is scheduled to end next year.

But regarding the weather no changes there. 😀

USA is the only place of freedom. Even California with its ‘high’ taxes are 10x better than Europe . 2-3x salary and opportunity. Other places have major pitfalls

As someone who has lived abroad as a nomad in less developed countries it's always a trade off.

Developed countries with higher taxes generally get you clean air, parks and green spaces, walkable cities, roads and footpaths are maintained, sanitation, food hygiene, healthcare, driving rules that are enforced, less risk of random accident / death etc.

It's more exciting and superficially you can feel a higher level of 'freedom' in cheaper places if you have the money, but ironically they often have pretty brutal laws if you get caught doing the wrong thing.

Spain, Spain, Spain. Reasonable tax pressure and great quality of life. I live in the North where I can surf all year long. Temperatures are good even in summer. Eating and drinking out is pretty cheap

This is not really how tax works. I wish employers & recruiters would quote income post tax, it would shift the mindset of 'The government is taking half my income' to 'I'm automatically paying the government in one lump sum for the many services and infrastructures they provide to me and my country.'

Canada /s

Georgia 1% tax

Texas or Florida.