Can You Be Tax Resident of 2 (or more) Countries?

Book a call: calendly.com/worldtaxandy
International Tax - Fundamentals for Beginners: www.udemy.com/course/internat...
Tax residency is becoming a hot topic as the world becomes more globalized and people start to have a presence in multiple countries. Many people falsely assume that you once you have a 'tax residency' then you do not have to consider taxes in any other country, however this is not the case. It's crucial that you understand where all of your potential tax residencies may be so you can avoid the potential pitfall of double taxation.
0:00 Introduction
0:16 Tax residency
1:45 Yes, you can be tax resident of multiple countries
3:32 Avoiding double taxation when you have multiple tax residencies (Double Tax Treaties)
5:41 Dangers: countries which don't have Double Tax Treaties
6:00 UK has no double tax treaties with Paraguay or Costa Rica
6:44 US does not have double tax treaties with Brazil or Paraguay
8:13 Summary
A BIT ABOUT ME
I've been advising on international tax since 2014, and qualified as a Chartered Accountant in 2018. I worked for consulting firms PricewaterhouseCoopers and BDO, before I started a remote international tax consultancy firm, Degen Tax Advisers, in 2020.
I work with online entrepreneurs to help them navigate the complex world of international tax. I work with e-commerce businesses, digital nomads, content creators, tech startups, crypto investors and many more in the digital space. Like my clients I'm pretty nomadic. I've lived in the UK, US, Japan, China, Malaysia, Thailand, Vietnam and Singapore. Currently I'm spending most of my time around Southeast Asia.
DISCLAIMER
My videos are for general guidance, education and providing you an introduction to the concepts of international tax. They in no way constitute specific advice to your specific circumstances. I accept no liability for any reliance placed upon the content of these videos or references, therein.

[@KA-pk6wt]

Thank you.

[@kippsguitar6539]

Great explanation, is it also possible to be tax resident of no country, is tax nomad for people travelling to multiple countries annually? Good luck with your channel

[@WorldTaxAndy]

Hi, thanks for the comment and great question - yes it's possible to be tax resident nowhere, and is definitely becoming more common these days
E.g I know many people spending just a few months per country, which is usually not enough to trigger a tax residency
Logistically, sometimes it can cause some issues - for example, sometimes when it comes to banks its best to still have an address somewhere you can use as your 'home' address even if you don't live there
But I'll make a video on this soon explaining the pros & cons and how to manage some of the potential hurdles

[@MrMilkyguy]

How much do you charge for a call?

[@WorldTaxAndy]

Hey Ross - feel free to email me at [e-mail], I typically do advisory calls for USD 100 but can do an initial consultation first if you can share some high level details about your situation