Ever wonder which destinations digital nomads make their temporary homes and why? These few examples illustrate some of the lifestyle and tax considerations involved.
One question about being a digital nomad that I encounter regularly is: What are the best non-U.S. destinations where I can visit or set up shop?
Today I will give you what I call my three favorite destinations for travel or even setting up shop outside of the U.S.
But please keep this in mind as you’re looking them over:
The tax codes, living requirements, and even the politics within these locations change all the time. So what I’m sharing today might not be the same next year. Plus, there are legal specifics I can’t cover in just one message. With that caveat…
Let’s get right to it…
Here is some background info on the top three destinations that I revealed in a recent public interview:
DESTINATION #1: Riga, Latvia
From food tastings, to test firing a Kalashnikov gun, all the way to walking flea markets and visiting a KGB corner house… Riga is a city rich with history and culture.
It’s also very safe (people are surprised how safe), and to me, Eastern Europe is where it’s at. Our GWP mastermind is in Latvia. Plus, there are no local taxes on income, and you can get a high quality of life for a reasonable cost of living.
Most importantly: Kids and families can walk the streets at 1 a.m. without getting robbed, so it’s much safer than, say, Los Angeles in the USA.
DESTINATION #2: Vilnius, Lithuania
Popular for its hot air balloon experience, a museum of “illusions,” and a centuries-old town area, Vilnius is a great (and safe) place for digital nomads.
Taxes are a bit higher than in Riga, especially for stock dividends. But keep in mind that I can help you work around that with the proper business structure and recommended living arrangements during our first consultation call as an Insider.
DESTINATION #3: Budapest, Hungaryou can bathe in thermal spas (called the Széchenyi Baths), visit a pinball museum, or just stare in awe at the ceiling of St. Stephen’s Basilica Cathedral.
There is wine tasting too. It’s also surprisingly cool, with some of the hottest temperatures in the 70s (Farenheit), and the coldest at -1F. So if you’re a hot weather fan, maybe Budapest isn’t the right choice.
That said, corporate taxes are very friendly in Budapest at around 9% (plus there are no taxes on dividends, royalties, or other extra income).
Maybe one of these three locations sounds interesting to you and you’d like to know more. Or maybe you’d like to know what your options are outside of eastern Europe.
That’s where GWP Insiders comes in…
As an Insider, you’ll gain a strategic advantage the average individual simply does not have…
On top of the most up-to-date information on the best locations for digital nomads outside of the United States, most of my GWP Insiders also save 50-100% on their taxes after working with me.
Of course, to accomplish that, it means they also need to structure their businesses to take advantage of every single IRS loophole available.
I help them with that, too.
Become a GWP Insider, and you can schedule unlimited 1-hour consultations with me to help you put this or any other life, business, or wealth internationalization strategies to use.
Which brings me to my most important point if you’re considering living the digital nomad lifestyle outside the United States…
It will be cheaper to talk with me now than later.
I can promise you that.
After we talk and your digital nomad business is structured properly, we work on assigning you a CPA or accountant who can manage the business entity, do all the filings, etc.
That way everything goes smoothly for you while you save tens (even hundreds) of thousands in taxes starting from day one.
It will also save you a ton of time and money, not to mention all the headaches of having to redo and refile paperwork.
Finally, you’ll be armed with insider information about the best locations in the world, and have complete access to me and our network of professionals that enjoy lives of “divine freedom.”
People from all walks of life become GWP Insiders, like:
- A Canadian eCom entrepreneur living in Portugal making 6-7 figures net. He needs to know where to register his company and how to get out of the Canadian tax system without owing much (or anything) in Portugal.
- A German SaaS company owner living in Thailand.
- A Brit who is nomadic with a digital marketing agency.
- An American with a digital products business living in Mexico.
Even though my clientele is diverse, they’re all facing similar challenges.
They all want to create the right business structure and optimize it for a low-tax (or no-tax) multi-jurisdictional approach in different parts of the world.
And I’m the one guy they come to for help!
So if you’d like to exploit every possible tax loophole, while avoiding the #1 most common business structure mistake (plus others unique to your situation)…
Then you should join us inside GWP Insiders.
Once you join, you’ll immediately get to schedule your first 1-hour consultation with me. This can be used to discuss your business structure, residency, tax planning, or to make professional introductions for your specific needs.
One consultation would normally cost $445 to $4000 depending on your situation, but GWP Insiders get unlimited consultations at no charge.
You’ll also gain access to the private membership area, which includes a variety of business, life, and wealth internationalization strategies that give you shortcuts to success with the following:
- Offshore companies,
- Trust planning,
- Tax planning,
- Real estate,
- 2nd passports,
- Discounts on offshore structures
- And so much more.
As a bonus, the insiders-only content includes the 2022 edition of my Offshore Banking Report where you’ll discover:
- The 9 best licensed offshore banks for 2022, plus my commentary on each.
- How to start banking in the US without visiting a single branch.
- How to leverage “Fintech” institutions like the wealthy elite do.
- How FATCA could “trap” you even if you aren’t a U.S. Citizen.
- The Top 5 Traditional U.S. Banks that accept non-residents.
Look, I’ve made joining GWP Insiders and scheduling your first 1-hour consultation with me as easy as taking a walk in the park.
But for a limited time, I have one more surprise for you…
If you go to this special page and sign up you’ll also receive an 80% discount.
To live freely is divine,
Location Independent Entrepreneur
P.S. Become a GWP Insider right now, and I’ll prove it will be one of the best decisions you’ve made right from the starting gate…
Go ahead and bring me your toughest questions about setting up and internationalizing your business in the best location(s) possible.
I bet I can answer all of them during our first call. Massive ROI for the right person. Hurry, and you can also save 80% off the regular rate.