What's the Next Thailand for Digital Nomads?

[BerlusconiSchmidt]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

 

[JackAlabama]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

shangrila

 

[cryptofriendly]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

Mauritius.

 

[JackAlabama]

Mauritius.

dont they have tax there too, at least officially?
Just looking at their bank opening form online, it must be an utter compliance shatshow.

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

its the other way around actually, only hand to mouth people have to pay in theory, while the gazillonaire class can just live on savings forever while income generating passive affairs take place only in Singapore HK Dubai or wherever similar.

 

[Xshore]

179 days in Thailand sounds good.

 

[wellington]

179 days in Thailand sounds good.

Goes quickly.

 

[boomy]

It's the same with Thailand as with Dubai, most will stay there regardless of the tax changes!

 

[cryptofriendly]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

Mauritius.

dont they have tax there too, at least officially?
Just looking at their bank opening form online, it must be an utter compliance shatshow.

Officially, the personal tax rules look very similar to Thailand, not perfect - but not a big problem if you don't mind bringing your living expenses in cash into the country from abroad twice a year or so,

Resident individuals are subject to Mauritian income tax on their worldwide income from all sources. However, income derived from outside Mauritius is taxable only to the extent that it is received in Mauritius.

It's one of the places on my list, but you scared me off now by mentioning the banks. ;-)

179 days in Thailand sounds good.

Yeah, I am actually starting to contemplate buying a place there for 6 months a year, and spend the other 6 months outside for tax reasons.

I'd usually rent like before, as I value my freedom and independence, but with the DTV, visa free entries for half of the world, lots of Indians visiting and not wantiing to leave anymore, and unlimited visa runs, I really think that the real estate prices and rents might experience a big increase in the coming months/years, as it's cheap and still a good value compared to the rest of the world (even compared to India!).

 

[JackAlabama]

Mauritius.


Officially, the personal tax rules look very similar to Thailand, not perfect - but not a big problem if you don't mind bringing your living expenses in cash into the country from abroad twice a year or so,

Resident individuals are subject to Mauritian income tax on their worldwide income from all sources. However, income derived from outside Mauritius is taxable only to the extent that it is received in Mauritius.

It's one of the places on my list, but you scared me off now by mentioning the banks. ;-)

thanks for your mauritius insights.
I did look at it, but had some issues with the banking and had a introducer who didnt tell me the ins and outs before, so I walked straight into a knife.
Since then I learned a few things.
Strictly anti crypto which goes beyond the usual thing.
Very paper heavy and they ask way too much stuff. Also some countries are discriminated against and met with more due dilligence, so you must know if your passport falls into this category or not.
To be successful, one must for sure be able to navigate that field on the ground the african way .

Yeah, I am actually starting to contemplate buying a place there for 6 months a year, and spend the other 6 months outside for tax reasons.

I'd usually rent like before, as I value my freedom and independence, but with the DTV, visa free entries for half of the world, lots of Indians visiting and not wantiing to leave anymore, and unlimited visa runs,

I bet that will be gone again in no time, should that start to materialize.
Bringing back the cannabis thing, where investors have been ducked big time due to policy flip flopping so will it happen again with real estate.

I really think that the real estate prices and rents might experience a big increase in the coming months/years, as it's cheap and still a good value compared to the rest of the world (even compared to India!).

I dont think these will increase that much because its a regulatory mess and you have 0 rights at the end of the day. Plus the tax thing is not conducive of rising asset prices. Its not even the tax alone, its the looming insecurities regarding this policy flip flopping.
The good stuff cost a pretty penny (and then you still have this mediocre building quality).
But overall if you pay 50k for some studio and that amount doesn't matter much, might be worth it.

 

[wellington]

Thailand for the most part - for those in crypto but not big spenders can be a great place to live if they are comfortable with P2P with locals (natives)

But if looking for much more with roots you really need to go legitimate - otherwise the usually backpackers etc that spend a year or so here will continue like before - not paying tax.

 

[JackAlabama]

Thailand for the most part - for those in crypto but not big spenders can be a great place to live if they are comfortable with P2P with locals (natives)

But if looking for much more with roots you really need to go legitimate - otherwise the usually backpackers etc that spend a year or so here will continue like before - not paying tax.

yeah totally. Thats good advice.

 

[Mercury]

Thailand for the most part - for those in crypto but not big spenders can be a great place to live if they are comfortable with P2P with locals (natives)

But if looking for much more with roots you really need to go legitimate - otherwise the usually backpackers etc that spend a year or so here will continue like before - not paying tax.

Alternatively, punctual trips to OTC cash out in HK or Cambodia.

Tax-wise, you can remit illimited money covering property purchases/several years living expenses during a non tax resident year or go the LTR visa route.

 

[KJK]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

That's a tough question because Thailand really is unique in terms of it's convenience, friendliness, infrastructure, nature variety - and until recently taxes for foreign income.

If you prefer Southeast Asia (as you mentioned Thailand, Philippines and Indonesia), my advice would be either 1) fly under the radar by having the Thai residency permits/visas (as an option) but not becoming a tax resident or 2) get inspired by what the Chinese are doing. They are true masters in moving both themselves and cash, some of these countries like Laos, Vietnam, Cambodia, Myanmar are hugely influenced by them; the problem is that these options are mostly reserved for the Chinese

Malaysia is another option and should be safe at least until 2026.

If you just care about taxes with a good quality lifestyle and it can be outside Southeast Asia, I'm afraid most places will be much more boring and/or much less convenient than Thailand. They were mentioned here many times - Georgia, Paraguay, Singapore, Panama, some African countries if you're brave

 

[nitehawk]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

What new tax laws? You are only taxed on money you bring into the country assuming you are a resident for tax purposes. They are not taxing on worldwide income atleast not yet.

 

[TheCryptoAnt]

The next Thailand for digital nomads is unironically Thailand cause in truth none of this matters

 

[wellington]

If you prefer Southeast Asia (as you mentioned Thailand, Philippines and Indonesia), my advice would be either 1) fly under the radar by having the Thai residency permits/visas (as an option) but not becoming a tax resident or 2) get inspired by what the Chinese are doing. They are true masters in moving both themselves and cash, some of these countries like Laos, Vietnam, Cambodia, Myanmar are hugely influenced by them; the problem is that these options are mostly reserved for the Chinese

Moving funds around Capital Controls for the Chinese works like this.

Chinese People 'en-mass' say 100 on a plane -> given the max amount that can be carried (10,000$) travel to say Thailand, their trip is free.

In Thailand they hand the cash over to the packager (local Thai side company owned by Chinese)

They go around, eat, drink, sight see, go home.

On both sides there is a party those parties organise via their counter-party (themselves offshore) a % is taken on moving cash out, the % covers the above plus profit %).

On the Thai side now there is a room full of cash.

That then gets moved around across borders in commerce (investments) or into the banking system gradually or investments in the country and those companies then pay the yield to cover the distribution where needed in the country where the person that uses the service needs the cash.

It's a vast network system akin to the Medici's play, world wide.

It's the China shadow banking system.
----
My understanding and knowledge comes down to knowing someone living next door to one of the bigger players regionally in this system.

Thailand is just used as an example, its truly global.

*oh and the reason it doesn't collapse, as this isn't just moving funds around borders for people but also investments by people/corporations in shadow underground offshore investment schemes, that allows chinese exposure to markets overseas, which likewise provides liquidity into those markets overseas, but also pumps up asset prices overseas which our pensioners need for their retirement(s).

So its not just a shadow banking system, but a shadow liquidity system as well as a shadow investment system. take it down, take the entire western financial system down also - too big -to fail - combined it feeds into the Shadow Monetary Base, which leaks into the Global Liquidity Base...

 

[JackAlabama]

Moving funds around Capital Controls for the Chinese works like this.

Chinese People 'en-mass' say 100 on a plane -> given the max amount that can be carried (10,000$) travel to say Thailand, their trip is free.

In Thailand they hand the cash over to the packager (local Thai side company owned by Chinese)

They go around, eat, drink, sight see, go home.

On both sides there is a party those parties organise via their counter-party (themselves offshore) a % is taken on moving cash out, the % covers the above plus profit %).

On the Thai side now there is a room full of cash.

That then gets moved around across borders in commerce (investments) or into the banking system gradually or investments in the country and those companies then pay the yield to cover the distribution where needed in the country where the person that uses the service needs the cash.

It's a vast network system akin to the Medici's play, world wide.

It's the China shadow banking system.
----
My understanding and knowledge comes down to knowing someone living next door to one of the bigger players regionally in this system.

Thailand is just used as an example, its truly global.

*oh and the reason it doesn't collapse, as this isn't just moving funds around borders for people but also investments by people/corporations in shadow underground offshore investment schemes, that allows chinese exposure to markets overseas, which likewise provides liquidity into those markets overseas, but also pumps up asset prices overseas which our pensioners need for their retirement(s).

So its not just a shadow banking system, but a shadow liquidity system as well as a shadow investment system. take it down, take the entire western financial system down also - too big -to fail.

Interesting post. by the looks of it, Italy must be full of these operations. They have a ton of Chinese businesses catering to every need, including certain ones.

 

[nitehawk]

Moving funds around Capital Controls for the Chinese works like this.

Chinese People 'en-mass' say 100 on a plane -> given the max amount that can be carried (10,000$) travel to say Thailand, their trip is free.

In Thailand they hand the cash over to the packager (local Thai side company owned by Chinese)

They go around, eat, drink, sight see, go home.

On both sides there is a party those parties organise via their counter-party (themselves offshore) a % is taken on moving cash out, the % covers the above plus profit %).

On the Thai side now there is a room full of cash.

That then gets moved around across borders in commerce (investments) or into the banking system gradually or investments in the country and those companies then pay the yield to cover the distribution where needed in the country where the person that uses the service needs the cash.

It's a vast network system akin to the Medici's play, world wide.

It's the China shadow banking system.
----
My understanding and knowledge comes down to knowing someone living next door to one of the bigger players regionally in this system.

Thailand is just used as an example, its truly global.

*oh and the reason it doesn't collapse, as this isn't just moving funds around borders for people but also investments by people/corporations in shadow underground offshore investment schemes, that allows chinese exposure to markets overseas, which likewise provides liquidity into those markets overseas, but also pumps up asset prices overseas which our pensioners need for their retirement(s).

So its not just a shadow banking system, but a shadow liquidity system as well as a shadow investment system. take it down, take the entire western financial system down also - too big -to fail.

Interesting. What is the origin of the money exactly?

 

[wellington]

Interesting. What is the origin of the money exactly?

Personal Wealth
Corporate Wealth

Interesting post. by the looks of it, Italy must be full of these operations. They have a ton of Chinese businesses catering to every need, including certain ones.

In Italy, they were trying to get funds back into Russia via Crypto and ICO's.

I.e Give Cash say 2mEURO for 1.8m EURO in tokens.

It was Austrian/Swiss Jewish Bankers fronting it (so surmising it was Russians).
Not sure what they are doing these days.

Should note a lot of this goes into or outside of the SMB (Shadow Monetary Base).

So a lot of it juices the Eurodollar market which is where the risk is if it's attacked... as that goes down it takes the collateral down underpinning the current financial system (the plumbing being attacked).

When they try to force CBDC's thats when we will see fireworks as the entire move will crater the EURODOLLAR market and all the SMB and it's grey offshoot which will wipe out the Wealth of the West 'all at once'.

Disclosure -> The firm basically shorts Gov stupidity in one of its divisions so on our radar (researched/positioned).

 

[mud]

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws,
what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

I missed something here.

What are the new tax laws that make Thailand unattractive for digital nomads?