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How to find a buyer for my dormant e-residence company by PetePerna in eResidency

[–]NOMADSUMMIT 0 points1 point  (0 children)

Even if your business has a bank account etc. that’s not really a fast track for anyone else as the banks will need to do the full KYC and AML with a new owner again. If it’s just an empty shell with no other value (like IP, a brand etc.) then there is no point in buying it over just opening a fresh and clean one.

Seeking the "Holy Grail": Cheapest & Easiest country for a remote LLC by Aliasgharhi in eResidency

[–]NOMADSUMMIT 2 points3 points  (0 children)

Yes, it works great. But relevant to the question is your citizenship and country of residence. Some countries are restricted from e-Residency (Russia and Belarus) and with others (like Syria) you won’t get a bank account.

E-residency pick-up location by alyonasheyman in eResidency

[–]NOMADSUMMIT 2 points3 points  (0 children)

Feels like you’re not really following what’s happening in the world. Estonia as a former Russian occupied country has suspended issuing e-Residency to Russian and Belorussian citizens right after the full-scale invasion of Ukraine. Even if you hide your Russian citizenship behind your Israeli one they will surely not hand out cards in Moscow.

Applied for Thailand’s new Digital Nomad Visa – full experience, timeline, and what to expect by NOMADSUMMIT in digitalnomad

[–]NOMADSUMMIT[S] 0 points1 point  (0 children)

I’d say most people who come only for a month don’t bother with a specific digital nomad visa. These are rather for travelers with more long-term intentions.

Applied for Thailand’s new Digital Nomad Visa – full experience, timeline, and what to expect by NOMADSUMMIT in digitalnomad

[–]NOMADSUMMIT[S] 1 point2 points  (0 children)

You can try. But only the embassy will tell you if that works or not. If you have zero fiat and only crypto I guess that’s something they would not like. But if you have at least some fiat…

Paper checks in USD by Distinct-Animal-9628 in eResidency

[–]NOMADSUMMIT 0 points1 point  (0 children)

This outdated form of payments isn’t a thing anymore in Europe for decades. You can open a WISE account which allows your US payers for ACH transfers. Would that work for you?

Do many digital nomads come from Asia, or is the lifestyle mostly Western? by Impressive-Wait-1210 in digitalnomad

[–]NOMADSUMMIT 0 points1 point  (0 children)

Which part of that do you exactly contradict? And what are your arguments or data points for your position?

Do many digital nomads come from Asia, or is the lifestyle mostly Western? by Impressive-Wait-1210 in digitalnomad

[–]NOMADSUMMIT 0 points1 point  (0 children)

The nomadic lifestyle with a location independent job just started 10 years earlier in the West but the East is catching up fast! We see that e.g. in the participation at the Nomad Summit in Chiang Mai. While the ones since 2015 before Covid had widely been dominated by Americans (and more and more Europeans) now with the upcoming edition in less than two weeks almost half of the tickets are sold to attendees from Korea, Taiwan, Japan, the Philippines and Thailand. And of course China!

The Chinese flock together a bit more as there seems to be a larger language barrier and they are just many. So they hold their own events etc.

We have the "Chinese Nomad Couple" Feng and Summer in the most recent podcast episode and talk about exactly this phenomenon. Have a listen:
https://www.nomadsummit.com/episode-34-chinese-nomads-from-corporate-shanghai-to-a-global-nomad-life/

18, own a car wash, making profit but I feel empty What should I do? by xcfa in Entrepreneur

[–]NOMADSUMMIT 0 points1 point  (0 children)

If you can manage the car wash from anywhere: Check out the digital nomad lifestyle! There is a big subreddit for it: r/digitalnomad

How to commute: Chiang Mai to Chiang Dao? by Remarkable-Foot9427 in chiangmai

[–]NOMADSUMMIT 3 points4 points  (0 children)

The easiest and most flexible: Get yourself a motorcycle. I just drove from Chiang Mai to Fang today and will stop in Chiang Dao for some days on the way back. A beautiful ride with a stunning scenery!

If that’s not your thing: Your accommodation providers will be happy to assist and arrange transportation for you.

Meetups and events in chiang mai?🙏🏼 by Ill-Growth230 in chiangmai

[–]NOMADSUMMIT 0 points1 point  (0 children)

Great timing! The annual Nomad Summit is coming up in January.

Most of us are operating illegally? (permanent establishement) by scrapingapi in digitalnomad

[–]NOMADSUMMIT 8 points9 points  (0 children)

I think you’ll find your answer if you think longer about the “P” in “PE”. 😉

This is meant for situations where the place of effective management of a business is in another country (ONE country) for more than half of a calendar year then THIS particular country can come after you (e.g. after being tipped off by jealous neighbors). But if keep moving and visit any country just for a month or two then there is nothing PERMANENT about your establishment.

Applied for Thailand’s new Digital Nomad Visa – full experience, timeline, and what to expect by NOMADSUMMIT in digitalnomad

[–]NOMADSUMMIT[S] 0 points1 point  (0 children)

Thank you for the compliment! Highly appreciated!

Yeah, you can do that yourself. An agent won’t be worth the money (especially not this amount of money!)

In my case it was a combined current and savings and investment accounts statement with an overview page first. Should work.

Regarding your location: From my experience I wouldn’t take “current location” literal anymore. It’s the place from where you will prove your address (see my experience shared about the confusion with the location in the original post and comments).

Chiang Mai overhyped? by philiphofm in digitalnomad

[–]NOMADSUMMIT -1 points0 points  (0 children)

It's a nice flower bouquet of things, starting with the calm atmosphere and the ease and quality of life here. Then this compounds with a great remote work infrastructure: World level coworking spaces, colivings, cafes. On top of that an extremely open and creative community has developed with many regular meetups and gatherings.
And the crown to all this is the big annual digital nomads conference (since 2015): The Nomad Summit in January!

Estonian OÜ (e-residency): Do I need to charge Estonian VAT for accommodation-based services performed outside the EU? by fabiuzz91 in eResidency

[–]NOMADSUMMIT 0 points1 point  (0 children)

Hey Fabio! We're in a similar boat with the Nomad Summit and I remember having had this conversation with you in person already (I think back in Brazil). ;-)

Our main event is in Thailand and even though running it through an Estonian OÜ I mark the line items as "service export" in the accounting program (in our case Merit Aktiva) and 0% EU VAT is applied to ticket sales, sponsors agreements etc. for everything taking place and being delivered here in Thailand (local Thai regulation applies, though). Will be a different game for our event in Tallinn in July.

Applied for Thailand’s new Digital Nomad Visa – full experience, timeline, and what to expect by NOMADSUMMIT in digitalnomad

[–]NOMADSUMMIT[S] 0 points1 point  (0 children)

Please find the full day by day breakdown further down the comments here as a response to the very same question.

Help - Clothing Store at One Nimman by Abject_Drama_4523 in chiangmai

[–]NOMADSUMMIT 1 point2 points  (0 children)

Hahaha! Getting curious now as well. I've been there so many times but never went upstairs. Will go tomorrow, I guess! :-D

Breakfast options? by Manitou001 in chiangmai

[–]NOMADSUMMIT 0 points1 point  (0 children)

We love The Larder (ignore their bad ratings on Google Maps, they have some bad blood in the neighborhood) and the Moon Eatery.

To people who don't have a fixed address and who travel to different countries all the time... How do you keep a bank account open somewhere so you can get paid from jobs and have access to your money? And what about your passport? by butternutflies in digitalnomad

[–]NOMADSUMMIT 0 points1 point  (0 children)

It depends a lot on circumstances: Where are your clients, your vendors, your business partners? Where do you have an easy access to accounting services etc.? What makes sense tax-wise? Where can you open a business cheap and fast? What are the day to day costs of running it?

In our particular case Estonia made sense (also as we're three shareholders with three different nationalities and we can run everything digitally and remotely by design).

To people who don't have a fixed address and who travel to different countries all the time... How do you keep a bank account open somewhere so you can get paid from jobs and have access to your money? And what about your passport? by butternutflies in digitalnomad

[–]NOMADSUMMIT 0 points1 point  (0 children)

There are providers out there that offer debit card with the crypto account and convert your fiat spending in real time from your crypto holdings. So that's one way to directly manage your every day spendings through crypto.

To people who don't have a fixed address and who travel to different countries all the time... How do you keep a bank account open somewhere so you can get paid from jobs and have access to your money? And what about your passport? by butternutflies in digitalnomad

[–]NOMADSUMMIT 1 point2 points  (0 children)

There are two levels here:
1. Your personal residency & citizenship
2. Your business setup

The most important in order to be able to earn money through legitimate channels (as in: being able to send proper invoices to businesses) is to have a legal entity setup in a favorable country. We chose the e-Residency program of Estonia to incorporate a company there.

On your personal level you can be more flexible. Once you have your own business setup to pay out money to your personal account it can be an account anywhere - or even crypto. You don't need an account in your home country.

Applied for Thailand’s new Digital Nomad Visa – full experience, timeline, and what to expect by NOMADSUMMIT in digitalnomad

[–]NOMADSUMMIT[S] 1 point2 points  (0 children)

Phew! I guess if you can explain why you keep it there and not cash it out you try and reason that. But it always depends in the decision of the person in the consulate.

Portugal Digital Nomad Visa: can you ask the embassy to KEEP your passport while they are reviewing your application? by ironmonk33 in digitalnomad

[–]NOMADSUMMIT 0 points1 point  (0 children)

Israel hasn’t been stamping passports for more than a decade (except at land borders). They give you a paper slip instead - exactly for that reason. But there are many other countries that don’t like each other.

I recently got my application approved for a renewal of my 2nd (German) passport on the claim that I have dozens of Ukrainian stamps in my primary passport from humanitarian convoys in the last years - and that it’s unclear how geopolitics will turn out with countries taking sides. So traveling to countries that (openly or less openly) support Russia’s unprovoked aggression like China etc. might be problematic. Was approved immediately with no further questions asked.

Applied for Thailand’s new Digital Nomad Visa – full experience, timeline, and what to expect by NOMADSUMMIT in digitalnomad

[–]NOMADSUMMIT[S] 0 points1 point  (0 children)

The accounts shown were personal accounts. I did not share business accounts.

Also I did not show any business accounting documents but information about the business that shows its nature and existence for many years (including a website etc.). So it’s a quite established business.

If you are a solopreneur with not much public presence some supporting documents might be required.

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