I know people who have done this successfully for years and still do to this day. Sure the landscape is fluid and visa requirements change all the time, however if you're savvy and stay informed you can still do this quite easily. Like any approach, it has its pros and cons but make no mistake about it, perpetual travel via a tourist visa is alive and well.
yea it is, but the same problems remain, no stability in location or who you spend your time with, except perhaps that best friend / traveling companion / partner for however long they can continue like this. Like you said, the landscape is different, but alive and well and subject to showing off ones flexibility or problem solving skills on a moments notice
Yes, true. I lived four years in the Philippines on tourist visas. I love the idea of being able to come and go and not be married and tied to any country.
I am in the category of a “Perpetual Tourist” with 1 passport from USA. It has been very simple traveling around around the world without having the vaccine. Going where I am treated best is not looking for tax breaks, as I am exempt. The only things that are required is a backpack and my smart phone, therefore I am considered the “Mobile Capitalist”.
PCR tests are horrible. I’ve been travelling too and developed a serious infection from them. And what happens if you test positive? All hell will break loose. Travel isn’t the same anymore. It’s quite unpleasant getting from A to B.
I left the U.S. at the beginning of 2018 and for two years I had residency in Belarus. At the end of 2019 I left, did not renew my residency and spent three months in Poland. I then went to Turkey for three months that turned into 4 1/2 months due to COVID. I then returned to Belarus for a month and, from there, went to Serbia, where I stayed for three months. I then went to Albania, for three months to refresh my visa-free status in Serbia. But I fell in love with Tirana and from that point on mostly bounced back and forth between there and Serbia until now. I am in Tirana now, with a leased apartment. I am still on a tourist visa-free, but sometime later this year I will get the new 'remote worker' residency because it shelters $130K income from taxation. Of course, the Foreign Earned Income Exclusion eliminates U.S. taxes for me. Despite having traveled for more than two years as a tourist, with absolutely no problem, I do generally agree with you. Having a base of operations where you have residency is advisable. But, it would be an exaggeration to say that you can't travel the world as a tourist. It does create some additional limitations, however.
Yes, Philippines offer 36 months tourist visa (in 1, 2, 3, 6 months tranches). If youve used up your 36 months, just do a visa run in HK, SG or Thailand and come back start over your 36 months (3 yrs).
@@Bambotb means you can choose how long you wanna extend your tourist visa. You extend for 1 month or you can extend for 6 months. You can do it over and over until you have maxed out your 3 yrs stay on tourist visa.
@@AjayVerma86 as long as your income doesnt come from Philippine based company, ph govt dont see the need to tax you. But for Filipinos working online/home based with income coming from overseas employer or client, they are required to file income tax but many do not.
Yes, I'm Australian and have been 130 countries and lived in 14....as a tourist. I've been travelling since age 18 and almost 50 now. I've also travelled the whole pandemic going from country to country.
@@JediStockTrader Depends on citizenship. Australia has very "sticky" tax residency and citizens are considered to be resident in Australia until they establish a permanent place of abode elsewhere. You can spend 50 years overseas without ever setting foot in Australia and you will STILL be considered an Australian tax resident...until you settle down somewhere else. Although there is a pending law which will change that.
@Bvd45 Bvd47 Changes have been announced but a detailed bill not out yet so we don't know. Proposed residency test will be even "stickier" in the short term....if you have spent more than 45 days in Australia in any of the last 2 years you will be considered resident...but once you get past the two years you will be "free". So some people who reside overseas and come back to visit will now be considered resident, unless they reside in a country that has a tax treaty with Australia. Such people will need to reduce duration of visits to below 45 days per year. On the other hand, if you left Australia more than two years ago you may now be free to engage in a perpetual traveller lifestyle without being considered an Australian resident. But since they announced that they intended to implement these "reforms" in the May 2021 budget, but still haven't introduced any legislation to implement them almost a year later, no one knows what the exact rules will be, only that you have to plan for SOME kind of change. Which I have done by moving to a tax treaty county...tie-breaker rules mean I am not an Australian resident regardless of how the rules change.
I've been travelling for nearly 6 years now, most of that time living in Asia. Apart from doing visa runs in Thailand and Vietnam, I always have a 2 to 6 month break from a country and then go back if I would like to see more. Also, most of the time I stay in countries for less time than I'm given. I haven't had any issues doing that. Currently, I am looking for a place to call home where I can buy an apartment and get residency. Malaysia is one of my favourites, so far. Asia in general has so many wonderful places.
@@lextor4712 Also try Thailand, Singapore, South Korea, Vietnam, Indonesia, Cambodia, Laos, Japan. They're all pretty easy. You can get anywhere from 30 to 90 days on arrival, depending on the country.
A lot of poorer countries depend on tourism and they’ve found out how important tourists are to their economy. Closing borders is something that’s unlikely to be repeated in the future.
@@der0keks they dont mind pension money either. it would be good if the digital nomads could get a look in too. we dont wanna work for you, we would like to have somewhere to call home and go back to when we feel like it, and we wanna spend our untaxed world income in your country, maybe even build up a local asset column in business/stocks/real estate. and not all of us have enough to get the investment class visas Any politicians that wanna make some extra crust for your country, the above will attract people >> Japan, I am looking at you
Georgia has people from US, Europe, UK and parts of Asia living visa free for 365 days at a time with easy visa runs and private health providers giving full medical insurance to tourists. Personal banking is also easy for most tourists and there are a number of options for remitting crypto. Some nationalities (UK, IE) escape their old tax systems quite easily by just not being in those countries while others (US, ES, SE, etc.) need to be more careful.
@NostaIgia The conflict that started in 2008 has not ended but is effectively in a long ceasefire as Russian backed groups still control parts of Georgian territory. Some Georgian people have negative views about Russian citizens. These are currently heightened due to recent events across the Black Sea, but many Georgian people are sympathetic to the many Russian citizens who are against the actions of their government.
Some people I know who have been in Central America DECADES as retirees no businesses on tourist visas. There are often private services that handle this for a fee, you NEVER having to leave.Generally you have to know the right people,which comes from staying a long time.They know your history, your financial worth, your property ownership status..it is all in who you know..that is really how Latin countries work re every service every interaction with government agencies.
Perpetual tourism is still alive and well as long as you always have an outbound flight before you arrive. Passenger locator forms and testing requirements are a bit annoying but they seem to be going away as well. Also I wouldnt recommend staying in any one country more than 2 months as a tourist or else they might ask more about your plans when you arrive. Croatia and the U.K. are great places to go while you wait for your 3 month Schengen zone time alottment to reset.
10 years of stamps... it does wear on a person, even with sweet 6 month or even a 12 month stamp, it gets tiring.. residency is looking pretty good right now, set up a house, leave long term goods, take up hobbies that constant traveling does not permit, and set up for 3,6,12 month trips and like normal people, go back home to prepare the next
Hi Andrew, interesting take. My concern is that remote work visas will eventually become mandatory (albeit hard to enforce). Regarding perpetual tourism, countries have been threatening to crack down on it for a long time but rarely seem to follow through. They keep letting people in because they want the extra tourist revenue. Either way, I agree it’s definitely a good idea to have a home base and back-up plans. As a critical mass of people become semi-nomadic, we can expect to see an increasing amount of regulation, unfortunately. Great video, as usual!
Actually your not fully correct about Thailand. You can still enter as many times as you want as long as it’s by air and not a land border. I’ve been doing this for almost 10 years.
I think bouncing around on tourist visas makes sense in the short term and as a way to get your feet wet but it won't decrease your taxes or work in the long term. I also think you'd likely end up making a mistake and have to pay a substantial amount in taxes like Shakira.
Depends. I eliminated state taxes by becoming a nomad over the last 3 years. Plus there are other things one can do to reduce federal taxes such as use FEIC or foreign corporations depending on one's source of income.
@@BlazeGuitarLessons Moved to a state that only taxes residents who are present, like Oregon. Or move to a state that has no state taxes. Get a DL and officially move out of your current high tax state, then leave the country.
I have lived as a perpetual tourist since Jan 2019. Lived in 7 countries so far. Plan to for years. Don't need a base. Could always return to the US, but don't care to. Still pay the IRS for my US business, but not state tax.
I have had nice experience being a Perpetual Tourist for periods of time. So I don't worry so much about the things you tell me here Andrew. Of course, you have to be mindful about keeping a residency a place in the world. So in my case as a Norwegian Schengen citizen I have to spend more than 183 days a year inside Schengen and the majority of the time at least 93 days at my home address in Norway or in Norway at least in order to keep my residency in my home country. I am currently in Nepal, and here I can stay 150 calendar days of a year if I want to, but I don't want that, so after 87 days I come back to Norway. I always have to be mindful about the calendar so I don't stay too much outside of Shengen or Norway in a year, but I have a good count on that and stay a hell away from America or US soil, for the most part, I can land there for a few days transit but not more that max 15 days total in my mind there! So different strategy, but same lifestyle i would say :)
You are right. Over the past four years I played that game. I know from my eperiences last year that Mexico and Colombia are crracking down on tourist visas for serial tourists.
@@as-1982 It's law. They are not taxed. Not all people who visit your country spend money earned outside of the country there. Given the opportunity, many would seek employment in the country, taking a job from a citizen, or taking from social programs, and civil services without paying taxes.
@@as-1982 A high enough percentage that the majority of countries decided it was worth creating law and enforcing it. Plenty of people have abused immigration systems for decades in all countries.
I've lived in Taiwan for 2+ years on a 90 day visa. Initially they said, "we're closing the borders, tourists go home." Then they said, "our tourist industry is gonna get rekt." I pointed out the obvious solution of allowing tourist to stay as long as the borders are closed, and someone else must have had the same idea as the policy changed. Smaller countries thrive on tourism, which will keep them competitive with their policies.
I agree with getting a residency somewhere. If something happens where they close the border for some reason or change their tourist visa policy then you will have more issues.
Biggest obstacle is that it's more and more diffucult to get decent banking without residence in a country in the first place and without residence at all even worse. It's really easy enough to keep an official place of living on low or zero tax and go from there. I've been a PT for 30 years and in fact it got difficult arond 10 years ago and very difficult around 5 years ago, depending on the country. Many of my VIP bank accounts since 20-30 years I had to close, others like in Georgia I opened, who knows how long that lasts.
One thing I've found helpful in traveling abroad is an account at Charles Schwab Bank. The great thing is they refund all of your ATM fees worldwide. Also, they're accustomed to having their customers in other countries; many U.S. banks and credit unions aren't used to that and will block access to their websites from other countries.
Amanda E, comment, on this video…v good, she does a little bouncing around. Another point, if you tend to like a country and let’s say, you’re a collector, going to discover hidden treasures or even, thinking of a super seller, Amazon, who, in one video, shows her searches in Germany trade shows, or something, where she looks for products, different types of products, for her business. So therefore, when you think of it, these types of business, products reasons….who are they, really….meaning, individual countries, to cross examine your product searches for various products or deal-making with individual (independent, small business type of vendors) for your business? Meaning, we don’t think one would really be given much grief in these cases? You will have to pop in and out of the country on a reg basis, as you’re searching for unique products and to make prospective contracts with independent vendors - freelance artists….purchasing of products. So we can think of many valid reasons, of going in on a reg basis. ! 😎
But... paying for two apartments, one in Romania and one in Slovakia, is "de facto" European residence, despite being "de jure" a Perpetual Tourist. Yes, a short train ride every 90 days from one apartment to the other, so what. (The motorhome crowd have been doing the Schengen Shuffle for decades.) The Thais, and now the Mexicans, frown on the one-foot-over-the-border routine, but Europe is still fine with it, evidently?
It's 5 years I'm planning to relocate to Sri Lanka, they keep promising of issuing a digital nomad visa or to loosen requirements for foreigners to live in there, because the standard requirements to get a residence permit is the investor category and it involves depositing $250k, which is too high of a capital requirement(and parked in a risky bank and country). In 2022 they launched the Golden visa requiring a $100k deposit then a couple months later they upped it to $200k xD xD . Sri Lanka has a very good tourist visa of 30-days but extandable to 270days, so I was thinking to live through the tourist visa every 270 days. I did everything possible to understand from government and even visa consultants if the renewal is possible, but I failed to get any answer. I don't feel like travelling to other countries, I like to settle there and I want to be sure not to be forced out of the country because of them refusing to renew the tourist visa. And marriage for a residence permit is not an option LOL
Is a US citizen always considered a tax resident of USA? I live in a high tax country in south Asia, have negligible income there (bank interest only) and have the equivalent of a green card of that country. In my case, I prefer to be a US tax resident without living in USA.
I was thinking about the tourist loophole since the PlanDemic. Great detail (As always). Wonders when Asia is really going to finally reverse on the virus situation. I love the top shelf info Andrew as usual. Will share on Twitter ⚡️
It's becoming almost impossible to live in any country as a perpetual tourist. You can however plan and move between countries you enjoy spending time in provided you have the resources and meet their requirements.
Hi, many thanks for sharing some useful info.. is it really possible to get multiple passports for the ease of travel to multiple countries ?? Iam a middle aged person and could you advice me ? Thanks and wish you more success
Thanks for your video as usual :)...Would really love a video to help aspiring entrepreneurs to make the move to leave a country to go to another one (which treats them better)....Speaking for myself, I am finding it hard to leave....shall I sell the real estate that I have? rent it?....keep some ties? or sell completely and never look back?....I am currently living in Malta and I think the bubble is about to burst big time here...Would love to hear your thoughts....maybe something on planning the move, pros and cons of selling owned real estate or renting it etc...moving issues....and so on....Once I become the six/seven-figure entrepreneur, your services will be the first thing I buy :) Thanks
@@torontovoice1 Yes sure we can have a chat. Malta is an extremely small island so even the opportunities are limited (unless you have worldwide business or target a different country)....There is also the issue of corruption....I can share more of my views when we have a chat :)
Cape Verde has many advantages. First of all download the passport index app. There you can see if you can enter Cape Verde with your passport without a visa. Most have EASE visa system to Cape Verde. If you are married to a Cape Verdean, you are also Cape Verdean the same day! and if you want to do business such as starting a business then the country also allows you and you are quickly in order with the papers. It is a safe island group what you need to know: you can choose between 9 inhabited islands life is not expensive there you can rent an apartment for 150usd, buy for 35k usd or less in good condition, taxi is very cheap there.. 25° Celsius all year round
@@torontovoice1 Sorry Marvin, but medical decisions are a personal choice or next thing you know the government will castrate you, take your kidney and other organs, force or terminate pregancies. All for "the greater good" as decided by big brother. You may like this "vaccine" but what if you didn't have faith in the safety of the next intervention they mandate, say, universal lobotomies. Oh wait, they seem to have already done this based on the general public's calm reaction to clear totalitarianism.
And just think how harsh they'll be after the federal election especially if labor wins. It'll be like Victoria at its worst over the whole country. They're still building gulags for us now.
Correction: Australia was always accepting citizens during covid, there was just a strict limit on arrivals because everyone had to do quarantine. We've done a lot wrong but at least get your facts right before making statements.
You are right, dual citizenship is a real benefit. As a Citizen of NZ I was locked out by the border rules. A beautiful country that has unfortunately left a real sour taste in my mouth.
Where is the best country when you have 3 bucks in your pocket and WW3 is starting and you don't want to fight. Real neutral countries. Fallout Shelter etc. Tourist Visa?
Raw Earth Exploits, ✅ comments, on this video, in the comments section, calling themselves, the Mobile Capitalist (which is the same, in meaning, as Nomad, really). Liked their comment. What if a person revolves around, in a circle, as long as they don’t hit the same spot, on a regular basis. Ultimately, as you’re saying, can be troublesome, or dangerous. If someone claims to be a ‘perpetual hiker, tourist’, or even, adult student, religious reasons, preaching the gospel, research, etc., ….cultural pursuits…..the idea is, one needs a spot where they file their tax return. Open question, v interesting. Re listening, yr advice is solid and updated for these current times….v intriguing. Truly, if one has a virtual bus., this can be done, but, think you’re advising, one needs a home base or two….
I know people who have done this successfully for years and still do to this day. Sure the landscape is fluid and visa requirements change all the time, however if you're savvy and stay informed you can still do this quite easily. Like any approach, it has its pros and cons but make no mistake about it, perpetual travel via a tourist visa is alive and well.
Do you have to be jabbed?
yea it is, but the same problems remain, no stability in location or who you spend your time with, except perhaps that best friend / traveling companion / partner for however long they can continue like this. Like you said, the landscape is different, but alive and well and subject to showing off ones flexibility or problem solving skills on a moments notice
Yes, true. I lived four years in the Philippines on tourist visas. I love the idea of being able to come and go and not be married and tied to any country.
I am in the category of a “Perpetual Tourist” with 1 passport from USA. It has been very simple traveling around around the world without having the vaccine. Going where I am treated best is not looking for tax breaks, as I am exempt. The only things that are required is a backpack and my smart phone, therefore I am considered the “Mobile Capitalist”.
🤣
PCR tests are horrible. I’ve been travelling too and developed a serious infection from them. And what happens if you test positive? All hell will break loose. Travel isn’t the same anymore. It’s quite unpleasant getting from A to B.
@The Slutty Nomad i have USA citizenship no residency in another country and travel the world only on turist visas and have tax exemption.
@The Slutty Nomad Not on the first 99,000 you make outside of the USA. You still need to file a tax return, but you aren't paying taxes on that.
Im canadian. In US legally for now but in 2 months going to be in South America. Good to hear. Also in same job situation.
I left the U.S. at the beginning of 2018 and for two years I had residency in Belarus. At the end of 2019 I left, did not renew my residency and spent three months in Poland. I then went to Turkey for three months that turned into 4 1/2 months due to COVID. I then returned to Belarus for a month and, from there, went to Serbia, where I stayed for three months. I then went to Albania, for three months to refresh my visa-free status in Serbia. But I fell in love with Tirana and from that point on mostly bounced back and forth between there and Serbia until now. I am in Tirana now, with a leased apartment. I am still on a tourist visa-free, but sometime later this year I will get the new 'remote worker' residency because it shelters $130K income from taxation. Of course, the Foreign Earned Income Exclusion eliminates U.S. taxes for me.
Despite having traveled for more than two years as a tourist, with absolutely no problem, I do generally agree with you. Having a base of operations where you have residency is advisable. But, it would be an exaggeration to say that you can't travel the world as a tourist. It does create some additional limitations, however.
Yes, Philippines offer 36 months tourist visa (in 1, 2, 3, 6 months tranches). If youve used up your 36 months, just do a visa run in HK, SG or Thailand and come back start over your 36 months (3 yrs).
Exactly! And they don't allow foreign remote workers to register as tax payers, because they just don't have such an application form :)
@@Bambotb means you can choose how long you wanna extend your tourist visa. You extend for 1 month or you can extend for 6 months. You can do it over and over until you have maxed out your 3 yrs stay on tourist visa.
@@AjayVerma86 as long as your income doesnt come from Philippine based company, ph govt dont see the need to tax you. But for Filipinos working online/home based with income coming from overseas employer or client, they are required to file income tax but many do not.
This is really good to know. I will google about this, thanks
Yes, I'm Australian and have been 130 countries and lived in 14....as a tourist. I've been travelling since age 18 and almost 50 now.
I've also travelled the whole pandemic going from country to country.
What is your residency though for taxation?
@@JediStockTrader Depends on citizenship. Australia has very "sticky" tax residency and citizens are considered to be resident in Australia until they establish a permanent place of abode elsewhere. You can spend 50 years overseas without ever setting foot in Australia and you will STILL be considered an Australian tax resident...until you settle down somewhere else. Although there is a pending law which will change that.
@Bvd45 Bvd47 that's what I'm wondering as well...🤔
@Bvd45 Bvd47 Changes have been announced but a detailed bill not out yet so we don't know. Proposed residency test will be even "stickier" in the short term....if you have spent more than 45 days in Australia in any of the last 2 years you will be considered resident...but once you get past the two years you will be "free". So some people who reside overseas and come back to visit will now be considered resident, unless they reside in a country that has a tax treaty with Australia. Such people will need to reduce duration of visits to below 45 days per year. On the other hand, if you left Australia more than two years ago you may now be free to engage in a perpetual traveller lifestyle without being considered an Australian resident.
But since they announced that they intended to implement these "reforms" in the May 2021 budget, but still haven't introduced any legislation to implement them almost a year later, no one knows what the exact rules will be, only that you have to plan for SOME kind of change. Which I have done by moving to a tax treaty county...tie-breaker rules mean I am not an Australian resident regardless of how the rules change.
@@JediStockTrader Australia but I only pay tax when I work in Australia. Otherwise, I don't pay tax usually.
I've been travelling for nearly 6 years now, most of that time living in Asia. Apart from doing visa runs in Thailand and Vietnam, I always have a 2 to 6 month break from a country and then go back if I would like to see more. Also, most of the time I stay in countries for less time than I'm given. I haven't had any issues doing that. Currently, I am looking for a place to call home where I can buy an apartment and get residency. Malaysia is one of my favourites, so far. Asia in general has so many wonderful places.
So which countries in Asia are the easiest to get a Tourist visa ?
@@lextor4712 Philippines is easy. One can stay up to 36 months on a tourist visa before being required to leave.
@@lextor4712 And Malaysia.
@@lextor4712 Also try Thailand, Singapore, South Korea, Vietnam, Indonesia, Cambodia, Laos, Japan. They're all pretty easy. You can get anywhere from 30 to 90 days on arrival, depending on the country.
@@amandajane28 Awesome. Thank you!
Thank you for the consistent quality advice. It is appreciated.
Glad to have you.
A lot of poorer countries depend on tourism and they’ve found out how important tourists are to their economy. Closing borders is something that’s unlikely to be repeated in the future.
Before covid, they were tightening the rules in favour of investment visas over tourist ones. They are trying to attract big money and higher class.
@@der0keks they dont mind pension money either. it would be good if the digital nomads could get a look in too. we dont wanna work for you, we would like to have somewhere to call home and go back to when we feel like it, and we wanna spend our untaxed world income in your country, maybe even build up a local asset column in business/stocks/real estate. and not all of us have enough to get the investment class visas
Any politicians that wanna make some extra crust for your country, the above will attract people >> Japan, I am looking at you
I hope because that was really ridiculous to close borders for so long like in some Asian countries or Canada.
Georgia has people from US, Europe, UK and parts of Asia living visa free for 365 days at a time with easy visa runs and private health providers giving full medical insurance to tourists. Personal banking is also easy for most tourists and there are a number of options for remitting crypto. Some nationalities (UK, IE) escape their old tax systems quite easily by just not being in those countries while others (US, ES, SE, etc.) need to be more careful.
@NostaIgia The conflict that started in 2008 has not ended but is effectively in a long ceasefire as Russian backed groups still control parts of Georgian territory. Some Georgian people have negative views about Russian citizens. These are currently heightened due to recent events across the Black Sea, but many Georgian people are sympathetic to the many Russian citizens who are against the actions of their government.
22 years on and off in the Philippines on a tourist visa. No problem.
Once in, can keep extending upto 3 years.
I'm only at 12 years so far. Going back there next week!
Some people I know who have been in Central America DECADES as retirees no businesses on tourist visas. There are often private services that handle this for a fee, you NEVER having to leave.Generally you have to know the right people,which comes from staying a long time.They know your history, your financial worth, your property ownership status..it is all in who you know..that is really how Latin countries work re every service every interaction with government agencies.
Perpetual tourism is still alive and well as long as you always have an outbound flight before you arrive. Passenger locator forms and testing requirements are a bit annoying but they seem to be going away as well. Also I wouldnt recommend staying in any one country more than 2 months as a tourist or else they might ask more about your plans when you arrive. Croatia and the U.K. are great places to go while you wait for your 3 month Schengen zone time alottment to reset.
10 years of stamps... it does wear on a person, even with sweet 6 month or even a 12 month stamp, it gets tiring.. residency is looking pretty good right now, set up a house, leave long term goods, take up hobbies that constant traveling does not permit, and set up for 3,6,12 month trips and like normal people, go back home to prepare the next
I agree 😊
@@TravelingwithKristin I just fell in love with your channel. It's time for me to start one
Who and why was my comment deleted?
Hi Andrew, interesting take. My concern is that remote work visas will eventually become mandatory (albeit hard to enforce).
Regarding perpetual tourism, countries have been threatening to crack down on it for a long time but rarely seem to follow through. They keep letting people in because they want the extra tourist revenue.
Either way, I agree it’s definitely a good idea to have a home base and back-up plans. As a critical mass of people become semi-nomadic, we can expect to see an increasing amount of regulation, unfortunately. Great video, as usual!
Actually your not fully correct about Thailand. You can still enter as many times as you want as long as it’s by air and not a land border. I’ve been doing this for almost 10 years.
I think bouncing around on tourist visas makes sense in the short term and as a way to get your feet wet but it won't decrease your taxes or work in the long term. I also think you'd likely end up making a mistake and have to pay a substantial amount in taxes like Shakira.
Depends. I eliminated state taxes by becoming a nomad over the last 3 years. Plus there are other things one can do to reduce federal taxes such as use FEIC or foreign corporations depending on one's source of income.
@@TokisanGames how did you elimate state taxes?
@@BlazeGuitarLessons Moved to a state that only taxes residents who are present, like Oregon. Or move to a state that has no state taxes. Get a DL and officially move out of your current high tax state, then leave the country.
@@TokisanGames brilliant! Great idea!
I have lived as a perpetual tourist since Jan 2019. Lived in 7 countries so far. Plan to for years. Don't need a base. Could always return to the US, but don't care to. Still pay the IRS for my US business, but not state tax.
In Thailand there are many ways to stay as long as you want. I know somebody who is staying here 7 yrs on a volontair visa
@Bvd45 Bvd47 yes visa's are a pain in the butt
This was a really great topic.
Great information. Thank you Andrew.
I have had nice experience being a Perpetual Tourist for periods of time. So I don't worry so much about the things you tell me here Andrew. Of course, you have to be mindful about keeping a residency a place in the world. So in my case as a Norwegian Schengen citizen I have to spend more than 183 days a year inside Schengen and the majority of the time at least 93 days at my home address in Norway or in Norway at least in order to keep my residency in my home country.
I am currently in Nepal, and here I can stay 150 calendar days of a year if I want to, but I don't want that, so after 87 days I come back to Norway. I always have to be mindful about the calendar so I don't stay too much outside of Shengen or Norway in a year, but I have a good count on that and stay a hell away from America or US soil, for the most part, I can land there for a few days transit but not more that max 15 days total in my mind there! So different strategy, but same lifestyle i would say :)
If you’re a citizen why do you need to physically spend time there?
I'm 15 years being a tourist and counting. Mostly stayed in the Philippines and other Asian countries.
You are right. Over the past four years I played that game. I know from my eperiences last year that Mexico and Colombia are crracking down on tourist visas for serial tourists.
You probably mean they are cracking down on people living perpetually in one country on visa runs, not people rotating through countries.
Why do they crack down on tourist visas? After all, they spend money over there.
@@as-1982 It's law. They are not taxed. Not all people who visit your country spend money earned outside of the country there. Given the opportunity, many would seek employment in the country, taking a job from a citizen, or taking from social programs, and civil services without paying taxes.
@@TokisanGames In that case I agree with you, but surely, how many percentage of tourists do that?
@@as-1982 A high enough percentage that the majority of countries decided it was worth creating law and enforcing it. Plenty of people have abused immigration systems for decades in all countries.
So your argument is "countries can close to tourists first" yeah sure I get that but theres 200 countries in the world, theres plenty of options.
I've lived in Taiwan for 2+ years on a 90 day visa. Initially they said, "we're closing the borders, tourists go home." Then they said, "our tourist industry is gonna get rekt." I pointed out the obvious solution of allowing tourist to stay as long as the borders are closed, and someone else must have had the same idea as the policy changed. Smaller countries thrive on tourism, which will keep them competitive with their policies.
I agree with getting a residency somewhere. If something happens where they close the border for some reason or change their tourist visa policy then you will have more issues.
a tourist are generally looked down upon but a sailor is admired and falls under the laws of the sea.
Andrew, it would be interesting to know your opinion about global citizenship. And about this passport.
Biggest obstacle is that it's more and more diffucult to get decent banking without residence in a country in the first place and without residence at all even worse. It's really easy enough to keep an official place of living on low or zero tax and go from there. I've been a PT for 30 years and in fact it got difficult arond 10 years ago and very difficult around 5 years ago, depending on the country. Many of my VIP bank accounts since 20-30 years I had to close, others like in Georgia I opened, who knows how long that lasts.
I have lived a few countries as a tourist. One in particular for a decade!
Banking is the main blocker I think for being a PT.
One thing I've found helpful in traveling abroad is an account at Charles Schwab Bank. The great thing is they refund all of your ATM fees worldwide. Also, they're accustomed to having their customers in other countries; many U.S. banks and credit unions aren't used to that and will block access to their websites from other countries.
@@danrobrish3664 Can you use that bank if you're no longer a citizen or resident of the US? I'm a UK citizen living in Portugal.
@@tinglestingles I'm not sure, but it can't hurt to ask them. The worst thing they can do is say no.
@@danrobrish3664 thats what Id like to know
@@torontovoice1 unsure as they still need a residency somewhere.
A wwonderful video and worth watching and SUBBING channel ! thanks for sharing , a fellow creator ...
Amanda E, comment, on this video…v good, she does a little bouncing around. Another point, if you tend to like a country and let’s say, you’re a collector, going to discover hidden treasures or even, thinking of a super seller, Amazon, who, in one video, shows her searches in Germany trade shows, or something, where she looks for products, different types of products, for her business. So therefore, when you think of it, these types of business, products reasons….who are they, really….meaning, individual countries, to cross examine your product searches for various products or deal-making with individual (independent, small business type of vendors) for your business? Meaning, we don’t think one would really be given much grief in these cases?
You will have to pop in and out of the country on a reg basis, as you’re searching for unique products and to make prospective contracts with independent vendors - freelance artists….purchasing of products. So we can think of many valid reasons, of going in on a reg basis. ! 😎
*It requires money to make money this is the best secert I have ever heard we don’t make money we make multiple money.*
Of course you can ! Except during a pandemics
Great Job 👍
I am doing the trifecta life in the Philippines at the moment on tourist visas off to Portugal next and then the UK all on a pension.
Thinking of doing something very similar. Do you have homes in all 3 countries, or doing AirBnBs or similar? Thanks
But... paying for two apartments, one in Romania and one in Slovakia, is "de facto" European residence, despite being
"de jure" a Perpetual Tourist. Yes, a short train ride every 90 days from one apartment to the other, so what. (The motorhome crowd have been doing the Schengen Shuffle for decades.) The Thais, and now the Mexicans, frown on the one-foot-over-the-border routine, but Europe is still fine with it, evidently?
Round 2, listening more closely, while working…..😀😎
It's 5 years I'm planning to relocate to Sri Lanka, they keep promising of issuing a digital nomad visa or to loosen requirements for foreigners to live in there, because the standard requirements to get a residence permit is the investor category and it involves depositing $250k, which is too high of a capital requirement(and parked in a risky bank and country). In 2022 they launched the Golden visa requiring a $100k deposit then a couple months later they upped it to $200k xD xD .
Sri Lanka has a very good tourist visa of 30-days but extandable to 270days, so I was thinking to live through the tourist visa every 270 days. I did everything possible to understand from government and even visa consultants if the renewal is possible, but I failed to get any answer. I don't feel like travelling to other countries, I like to settle there and I want to be sure not to be forced out of the country because of them refusing to renew the tourist visa.
And marriage for a residence permit is not an option LOL
Is a US citizen always considered a tax resident of USA? I live in a high tax country in south Asia, have negligible income there (bank interest only) and have the equivalent of a green card of that country. In my case, I prefer to be a US tax resident without living in USA.
I was thinking about the tourist loophole since the PlanDemic. Great detail (As always). Wonders when Asia is really going to finally reverse on the virus situation. I love the top shelf info Andrew as usual. Will share on Twitter ⚡️
I thought organizing this was what you guys supplied in your services.
Not being a perpetual tourist. Setting up alternate citizenship and residency.
It's becoming almost impossible to live in any country as a perpetual tourist. You can however plan and move between countries you enjoy spending time in provided you have the resources and meet their requirements.
Hi, many thanks for sharing some useful info.. is it really possible to get multiple passports for the ease of travel to multiple countries ?? Iam a middle aged person and could you advice me ? Thanks and wish you more success
Thanks for your video as usual :)...Would really love a video to help aspiring entrepreneurs to make the move to leave a country to go to another one (which treats them better)....Speaking for myself, I am finding it hard to leave....shall I sell the real estate that I have? rent it?....keep some ties? or sell completely and never look back?....I am currently living in Malta and I think the bubble is about to burst big time here...Would love to hear your thoughts....maybe something on planning the move, pros and cons of selling owned real estate or renting it etc...moving issues....and so on....Once I become the six/seven-figure entrepreneur, your services will be the first thing I buy :) Thanks
@@torontovoice1 Yes sure we can have a chat. Malta is an extremely small island so even the opportunities are limited (unless you have worldwide business or target a different country)....There is also the issue of corruption....I can share more of my views when we have a chat :)
If you have the passport of a western country, you may still have that lifestyle easily
I am a retired arabic citizenship and I would like to relocate with 2 adult sons with 50 k $ which country I can go that can lead to citizenship
I believe Dominica
The Gambia
Cape verde island is also not bad
@@goncalomarreiro8559 how can I get a residence permit is it possible to buy a cheap real estate
Cape Verde has many advantages. First of all download the passport index app.
There you can see if you can enter Cape Verde with your passport without a visa.
Most have EASE visa system to Cape Verde.
If you are married to a Cape Verdean, you are also Cape Verdean the same day! and if you want to do business such as starting a business then the country also allows you and you are quickly in order with the papers.
It is a safe island group
what you need to know: you can choose between 9 inhabited islands life is not expensive there you can rent an apartment for 150usd, buy for 35k usd or less in good condition, taxi is very cheap there..
25° Celsius all year round
Hi andrew i hope you are doing well. I would like to hear your thoughts on africa, I'm from algeria, is my citizenship worth it? thanks
What about Taiwan citizenship?
What about Canadians who can’t even get out of the country because of vaccine passports?
@@torontovoice1 Sorry Marvin, but medical decisions are a personal choice or next thing you know the government will castrate you, take your kidney and other organs, force or terminate pregancies. All for "the greater good" as decided by big brother. You may like this "vaccine" but what if you didn't have faith in the safety of the next intervention they mandate, say, universal lobotomies. Oh wait, they seem to have already done this based on the general public's calm reaction to clear totalitarianism.
You can be BASED everywhere.
algo
Unvaxed still can't leave Australia...
And just think how harsh they'll be after the federal election especially if labor wins. It'll be like Victoria at its worst over the whole country. They're still building gulags for us now.
Correction: Australia was always accepting citizens during covid, there was just a strict limit on arrivals because everyone had to do quarantine. We've done a lot wrong but at least get your facts right before making statements.
You are right, dual citizenship is a real benefit. As a Citizen of NZ I was locked out by the border rules. A beautiful country that has unfortunately left a real sour taste in my mouth.
Yup. And that must have left a lot of people in dire situations with no help from the NZ government who hates kiwis.
We're still locked out if unvaxxed too. Not that I'll ever go back to that prison island.
A suggestion to start a new channel for people who want to move abroad don't have that much money. Naturalization process etc
Philippines... Come for 3 years, leave for a day lol
What about retired US citizens????? do a show about us
where is chill? anyone? anywhere relatively ww3 proof?
Why not become a perpetual Syrian refugee?
Some of the Ukrainian refugees are African. You couldn't make this up.
Where is the best country when you have 3 bucks in your pocket and WW3 is starting and you don't want to fight. Real neutral countries. Fallout Shelter etc. Tourist Visa?
This is a rich person channel.
If you show up in a boat, the UK treats you like family.
Raw Earth Exploits, ✅ comments, on this video, in the comments section, calling themselves, the Mobile Capitalist (which is the same, in meaning, as Nomad, really). Liked their comment.
What if a person revolves around, in a circle, as long as they don’t hit the same spot, on a regular basis. Ultimately, as you’re saying, can be troublesome, or dangerous. If someone claims to be a ‘perpetual hiker, tourist’, or even, adult student, religious reasons, preaching the gospel, research, etc., ….cultural pursuits…..the idea is, one needs a spot where they file their tax return. Open question, v interesting. Re listening, yr advice is solid and updated for these current times….v intriguing. Truly, if one has a virtual bus., this can be done, but, think you’re advising, one needs a home base or two….
BudenBiddagegg will issue them one likes men the other likes to sniff hair, even crouches.
@Michael Bolton what's are crouches?