Enjoying the content, but perhaps restrict the music to the intro or just the transition between the intro and the main content? It was a bit distracting.
Great video, thank you so much. I am in California and planning on moving to Portugal. I will be asking my current employer to switch from W2 to 1099 but I was hopping I could establish residency in another free tax state, how can I go about it?
Hi @sinadino, thank you for your message! Yes, many people do this. We're not experts at changing which state you are a resident of in the US, so we don't want to steer you in the wrong direction. We would be happy to connect on a free consult about anything related to successfully relocating to Portugal: www.startabroad.com/consultation
I want to move to Mexico or Dubia, and my company has business in these countries as well. But I have been told if I move to these countries, I will get paid in local currency, and my salary will get adjusted as per the local market. Which means I will get paid less. so my question is this possible that my company pay me in USD and also doesn't change my salary means pay me what I am already getting paid?
Yes, that’s a pretty common way to handle an employee moving to another country where the company has offices. Would you be technically working for the Mexican or Dubai offices? Or would you be working for the US office remotely? If it’s remote, you may be able to make the argument to keep salary in USD. But even so, your company may have some cost of living-based salary adjustments. The best advice I have in that case is to argue that your family/house/monthly expenses are still in the US, and therefore justify maintaining your current salary.
How does it work legally if you're planning to hold dual citizenship? My mailing address and base would remain in the US but residency and working out of a different country.
Holding citizenship will make it easier for you to live in that country, but a foreign company will still have to worry about their obligations to employ you there. Their requirements and thought process will be mostly the same - do they have to pay tax, do they have to register in the country, etc.
Thanks for this advice, I will be preparing to do this later this year
Great @montanafredrick, please sign up for a free consultation with us when the time is right!
Excellent information - no one else covers this info. Thank you.
Thank you!
Enjoying the content, but perhaps restrict the music to the intro or just the transition between the intro and the main content? It was a bit distracting.
Great video, thank you so much. I am in California and planning on moving to Portugal. I will be asking my current employer to switch from W2 to 1099 but I was hopping I could establish residency in another free tax state, how can I go about it?
Hi @sinadino, thank you for your message! Yes, many people do this. We're not experts at changing which state you are a resident of in the US, so we don't want to steer you in the wrong direction. We would be happy to connect on a free consult about anything related to successfully relocating to Portugal: www.startabroad.com/consultation
Great info. Thank you!
What if you’re a US citizen with us bank account and home here in the US, but also have citizenship in Panama?
I want to move to Mexico or Dubia, and my company has business in these countries as well. But I have been told if I move to these countries, I will get paid in local currency, and my salary will get adjusted as per the local market. Which means I will get paid less.
so my question is this possible that my company pay me in USD and also doesn't change my salary means pay me what I am already getting paid?
Yes, that’s a pretty common way to handle an employee moving to another country where the company has offices. Would you be technically working for the Mexican or Dubai offices? Or would you be working for the US office remotely? If it’s remote, you may be able to make the argument to keep salary in USD. But even so, your company may have some cost of living-based salary adjustments. The best advice I have in that case is to argue that your family/house/monthly expenses are still in the US, and therefore justify maintaining your current salary.
How does it work legally if you're planning to hold dual citizenship? My mailing address and base would remain in the US but residency and working out of a different country.
Holding citizenship will make it easier for you to live in that country, but a foreign company will still have to worry about their obligations to employ you there. Their requirements and thought process will be mostly the same - do they have to pay tax, do they have to register in the country, etc.
Remove the music next time