Digital nomads are generally subject to taxes in the country where they are tax residents. Tax residency is typically determined by the number of days a person spends in a country, their location of permanent home, and their ties to the country, such as having a family, a home, or a business.

In most countries, individuals are taxed on their worldwide income if they are tax residents of that country. However, some countries have tax treaties with other countries that can help to avoid double taxation.

It is important for digital nomads to understand the tax laws and regulations of the countries in which they are spending time and to ensure that they comply with their tax obligations. Our experience gives us the benefit to provide digital nomads assistance with all of the above.

In most countries, individuals are taxed on their worldwide income if they are tax residents of that country. However, some countries have tax treaties with other countries that can help to avoid double taxation.
It is important for digital nomads to understand the tax laws and regulations of the countries in which they are spending time and to ensure that they comply with their tax obligations. Our experience gives us the benefit to provide digital nomads assistance with all of the above.

Yes, you can register a company with one or more co-founders. Many companies are started by groups of individuals who bring together their skills, expertise, and resources to create a new business.

The specific requirements for registering a company with co-founders vary depending on the type of company and the country.

The determination of a country of tax residence for digital nomads can be complex and may vary depending on the specific circumstances of each individual. The country of tax residency is typically determined based on the concept of “tax home” and the amount of time spent in a particular country.

A digital nomad’s tax home is generally considered to be the location where they regularly work and carry out their business activities. If a digital nomad works remotely from a foreign country for an extended period, they may become a tax resident in that country.

If you are self-employed, you are responsible for paying your own taxes, including self-employment taxes and income taxes. The specific tax obligations for self-employed individuals vary depending on the country in which you are located.

In general, self-employed individuals are required to register their business and to file tax returns on a regular basis to report their income and expenses. They may also be required to make estimated tax payments on a quarterly basis to ensure that they are paying their taxes in a timely manner.

It is important to consult with a local tax professional or to research the specific tax requirements for self-employed individuals in your country to ensure that you are in compliance with all applicable tax laws and regulations. Let us help you with that! 

The type of bank account that you can open for your business will depend on the specific requirements and regulations of  the country as well as the type of business you are operating. In general, there are several types of business bank accounts that are commonly used, including

• Checking account: A checking account is typically used for day-to-day business transactions, such as paying bills and receiving payments.
• Savings account: A savings account can be used to earn interest on your business’s surplus funds and to save for future expenses.
• Merchant services account: A merchant services account allows you to accept credit card and electronic payments from your customers.
• Money market account: A money market account is a type of savings account that typically offers higher interest rates and more liquidity than a traditional savings account.
• Payroll account: A payroll account can be used to pay your employees and to manage your business’s payroll taxes.

It is important to research and compare the features and fees of different business bank accounts to ensure that you find the one that best meets the needs of your business.