Quote: (04-10-2014 12:01 AM)Tail Gunner Wrote:
Exactly my goal: full-time PT, moving four times a year. Always spring.
Being a permanent traveller to avoid visa and tax obligations does eventually wear you down though. It seems like you have a lot of freedom to begin with, but at some point you may want to stay somewhere for longer than your tax/visa plan allows (90 or 180 days is the usual limit).
It's still possible to avoid all taxes in most Eastern European countries for a few years (or however long your initial capital will cover your expenses for) due to their relatively simple tax laws. That leaves visas as the only real hurdle, and for EU citizens it they aren't an issue.
The way I've been doing it for the past decade is:
1. arrive in a country (eg. Russia) with capital in my personal name
2. set up offshore co to accumulate all of my earnings tax-free
3. loan the offshore co. all of my capital, so I can use it for business purposes
4. offshore co. pays back the loan in instalments each month and I use those payments to cover living expenses. This doesn't attract tax as it's repayment of a loan, or in other words, capital I already owned, not income
5. once the loan is payed back, move somewhere else for six months so I'm no longer a resident of Russia. At that time I then liquidate the offshore co. and bring all of my money back under my personal name.
6. repeat.
I've done this twice already. This time I've been resident in Russia for three years and still not paid a cent of tax. All legal.
Once I though of this system, I could understand why 1%ers never pay any tax - no need to. They have enough capital to live off for the rest of their lives and the rest sits offshore somewhere, never to be repatriated. Their money is never under any jurisdiction that can tax them.