Singapore
Digital Nomads
If you want to emigrate to a lower tax state, then you need to do it carefully.
- Research how the tax collection department in Denmark determines if you are or are not tax resident. In order to no longer be considered tax resident you may need to cut all ties with Denmark.
- Create a new residency in your new country with taxes you prefer.
It's not as easy as just leaving and going somewhere else. If you don't create a new residency somewhere else and you're just travelling, Denmark will probably still consider you tax resident.
If you have $200,000 then Panama's Friendly Nations Visa is an option, it gives you permanent residency and so you can become tax resident there. It has good infrastructure (mostly), warm climate (if you like the tropics), good healthcare in Panama City and it's beautiful. Taxes for foreign earned income are 0.
So you want all the benefits of the nice countries without contributing much? You’re an entitled little brat.
Georgia 🇬🇪, 1% freelancer tax up to $170k
It’s a great base to build enough capital to buy property etc.
Live there 6 months if the year and then live/travel for the rest.
Huge expat/DN community.
Service isn’t great and can sometimes be annoying place to live (but nowhere is perfect).
The pros outweigh the cons.
lol
Get a rifle, a big knife, a warm jacket, and go to Alaska.
If you're making less than 100k and plan to have kids, you're getting amazing value for your taxes in Denmark. You also got a great education and quality services through your whole life.
Yes, it's annoying to pay taxes, but denmark has some of the best infrastructure and public services in in world. If you think Dubai is a step up you are in for a rude awakening. Dubai is made for rich people. If you aren't rich, your quality of life in Dubai will be lower than in Denmark.
Cyprus is the best choice in Europe, but rents are high now. Tax can be as low as 18% (look up Johnny Rico on Youtube).
Dubai is probably good if you're well off.
Estonia can work, but same issues with weather, though no corp tax, only dividends (20%).
Forget about Hong Kong and Singapore, much too expensive.
Thailand is a great and cheap place to live, but difficult to be legal as self employed. Lots of danes up north in Chiang Mai though.
In your case, I'd consider Cyprus. See if you can rent a room somewhere. You only have to live in Cyprus 3 months as long as you keep an adress. You can live in Thailand the rest of the year.
Great insight
You won't just avoid Danish taxes because you work remotely
What?
I exactly think alike. I didn't chose to be born in a country where taxes are %50 of my income. I dont expect anything from the government just leave me the fuck qlone. I already pay for my bills etc and everything has tax on them.
The thing is in other countries you will probably encounter "other" problems that you ve never heard/seen in your life.
Lots of pathetic comments here. Completely gaslit into thinking they get value for their taxes. The only place I know where this is true is Switzerland where the taxes are pretty low and you have a social safety net and excellent infrastructure. If it's possible as a Danish citizen to be a tax resident nowhere when continously traveling then this combined with a US LLC is your easiest answer. If not then having a base in Dubai or some of Eastern Europe is probably best.
In Poland it is possible to pay around 20% of tax and be a tax resident while residing 0 days a year in the country.
“I used the system enough to maximize my opportunities, so I’m out before I need to contribute.”
I keep reading posts like this here, the lack of bigger picture with these people is scary.
Wtf are you talking about? You couldn’t be further from the truth, May God help you. Lost soul
Albania, very low. Many expats are coming here as digital nomads. Even things are cheaper than denmark.
Interesting
This is a common fallacy. The irony is despite higher wages, many things in the US are actually cheaper. For example, consumer goods - gas can be a lot cheaper (esp in places like Texas), buying nuts (like at Costco in bulk) significantly cheaper than buying nuts even in developing countries. Electronics like Apple products literally half the price of what you would pay in many LATAM countries. Essentials (rent, healthcare, education) while can be very expensive if you choose, can also be done cheaply even in major cities.
I think for Europeans to change their tax residency it is not that easy as you would think. I am greatful for CZ🇨🇿, where the services you pay in taxes for are one of the best in 🇪🇺 and yet, the personal income tax is only 15%.
But hey, if it is that easy to change around tax residency, have a look at CZ. Graet healthcare, affordable living and good tax rate for what you get.
Also one of the safest countries in EU. But expect a little xenofobia if you are not white, it goes hand in hand with the highest safety.
Honestly, based on your criteria, I say try to swing getting a US visa and moving to Texas. It's everything you're asking for: low taxes, good weather, personal freedom. Move out to the less populated area, and you can pretty much do whatever you want. Unfortunately that comes with a certain amount of precariousness.