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10-05-2016, 12:01 AM | #191 |
Prof SK Ong
Join Date: Jan 2009
Posts: 10,641
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http://nomadcapitalist.com/2015/01/2...ving-overseas/
Heck, even Panama – the potential “Singapore of the Americas” – feels a bit pricey. So my idea is that you shouldn’t live in a tax haven… but you should live next to one. Instead of living in Singapore, live in Malaysia. You’ll be within arms’ reach of all of the benefits of Singapore’s highly sophisticated financial system without having to pay $10,000 a month for a nice apartment. Instead of living in Panama, live in Colombia. You won’t get bored of the monotony of Panama City and you’ll enjoy easy access to your money when you need it. This strategy is already practiced by many young bankers and managers all around the world. Few people who work in Gibraltar live there; they live across the border in Spain where rents are far more reasonable. Ditto for Monaco, Luxembourg, and now even Singapore, where Johor Bahru, Malaysia is becoming what I call “Singapore’s New Jersey”. In addition to much lower prices, you’ll typically enjoy a better quality of life and more entertainment options in the larger countries neighboring tax havens. And provided the country you choose has territorial taxation, you can base your business activities in the nearby tax haven and not be taxed on a residential basis.
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10-05-2016, 12:14 AM | #192 |
Prof SK Ong
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http://www.cheapestdestinationsblog....he-world-2016/
Cambodia The cheapest place to live in Southeast Asia also has one of the best visa setups for working digital nomads. Just pay a couple hundred bucks for a business visa and you’re good to go for a year. With that you can work, run a business, be an online entrepreneur, or just kick back and be a beach bum doing nothing. As long as you don’t try to live in a fancy condo on the river in the capital, you can easily find a nice two-bedroom place to rent for $600 or less or buy a condo on the cheap. (Foreigners can’t own land here without going through some legal contortions.) If you lived in Cambodia with earnings of $2,000 per month, you’d be firmly in the top-5% by income and be part of the upper crust. With even half that you’d be one of the well-off people and could go out for dinner every night if you wanted. Hire a gardener and a maid too and still have plenty to spare. Vietnam I never would have predicted this, but Ho Chi Minh City (Saigon) is now a real hotbed for digital nomads and entrepreneurs. Lured by cheap rents, reasonably fast internet, and a smart young workforce with some coding skills, they’re braving the heat to build a business for less. The great food and cheap beer don’t hurt either, plus it’s easy to get to a beach from any of the cities. Plenty of foreigners are living here for $1,000 to $2,000 a month and having a blast. Most don’t even have a kitchen since it’s so cheap to eat out all the time and there are lots of short-term furnished apartment rentals that come with towels and a maid.
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10-05-2016, 12:27 AM | #193 |
Senior Dragon
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Thank you doc for all the info.
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10-05-2016, 12:35 AM | #194 |
Prof SK Ong
Join Date: Jan 2009
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Cambodia is the only place next morning I pay double.
Service damn good.
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10-05-2016, 09:58 AM | #195 | |
Dragon
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Quote:
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10-05-2016, 11:41 AM | #196 | |
Hi there !!! 123
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Quote:
just one maid erh |
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10-05-2016, 11:47 AM | #197 |
Prof SK Ong
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10-05-2016, 01:25 PM | #198 |
Hi there !!! 123
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10-05-2016, 01:56 PM | #199 |
Arofanatic
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11-05-2016, 01:20 PM | #200 |
Dragon
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