Can you Be a Tax Resident of Nowhere?

If you want your account closed then pretending you are a tax resident nowhere is a good start

Hi, thanks for such grate content! Do you know how’s the situation for Ukrainians right now? I’m Ukrainian and digital nomad lately, can’t choose how to arrange my tax situation

Yes you can if you were born in a tax free country like Monaco !

Offshore content without the bull shit, awesome channel.

What do you think of Bahrain bearing in mind forthcoming Dubai 9% tax?

Love your videos

We spoke to HMRC they advised they do not accept 'just travelling' or not being a tax resident of another country as a good enough reason to leave the clutches of the UK tax system.

First video I found for that topic! thanks man! A list of those countries would be amazing. Greets from a German citizen ;)

Hey Michael, thanks for all the content! Been following for a while as I work through my ideal tax residence for me & my business as a live as a digital nomad. I see you're from Edmonton? I was born there but grew up in Van. If you ever want to connect, perhaps exchange some marketing advice for some tax advice, let me know! I'm meeting business owners abroad who could benefit from your service.

dude! whole channel is great content!

On my boat floating around ,, why not ,,,

I really like your clear, no-bs explanation. The best I've come across on this topic. Not too risk-averse just to common sense

All US citizens are liable to tax in the US, wherever they are domiciled. Even if the tax is not applicable where they live. Example; US citizen living in the UK for 20 years. Wins the lottery. NO tax due in UK (it is a tax free win) but liable for tax on that win in the US.

Great video. Thanks! Subscribed. Can you establish tax residency in Thailand via an Elite Visa (pay for visa no stay or age or bank account deposit/business requirements) and meet residency test (183 days a year) and then transfer some funds - enough to earn a (small amount of) taxable income. I assume this would work? Asking as An AU p/port holder wanting to avoid resuming immediate tax residence after leaving KSA (zero tax). Thanks

I'm about to leave Canada but don't know yet where I'll establish residency (if at all). I called the federal and provincial tax authorities to learn about the process (of breaking the tax tie). One of things they told me is that I have to provide them with a new address else they will keep me on their records (which I find abusive especially as I'm not even Canadian).

I'm thinking about giving my parents' address in France, because technically that's where I'll go/reside for a few weeks before moving to other countries. I'd assume this takes care of the Canadian side because they won't come check if I stay for good.

However, it's a bit less clear on the French side. If the French tax auth sticks with my last statement a few years back when I informed them that I moved to Canada I should be fine. But if the Canadian tax authority (or the Quebec one) sends this info to the French tax authority and the French auth uses it to update its own records, I'll just recreate the same undesirable situation as the French also require you to be resident somewhere else to break tax residency.

Any thoughts?

I noticed that paraguay permanent residence only needs you there 120 days a year to be tax resident. Not as good as no residency but does give you the other 8 months to travel basically tax free. Is there other countries with very low requirements to be a tax resident and terriotorial taxation?

would the MLI close the gaps for the mismatches

Not having tax residency anywhere certainly won't get easier over time

I am pretty sure New Zealand allows no tax residency. Is anyone able to confirm?

Criteria to be called tax resident are often not exclusiv in the law, but we can see some case law which set a precedent and recalled tax resident some nationals which did not trigger any criteria of the tax residence because they were no able to prove a tax residence somewhere else with either annual declaration either TRC

Great video Mr. Rosmer. Thank you for taking the time to talk about nowhere tax residency. It's a very good topic

This is one of the few advantages of the US tax wise. You can always claim to be a tax resident there. /s

Thanks! (Volume is a bit low though.....)

I'd be interested in a list of countries that allow this. I know the us "kinda" allows this with the foreign income exclusion thing

On the average, doesnt tax residency rules apply usually if you stay within a foreign country for at least 6mos? If you stay shorter than 6mos, on the average, then you're not liable for taxation?

More like, you would need to indicate "tax residence" to open a bank account or accept money as income, and you will perhaps need to lie to them in order to do that business.

Banks are regulated businesses.

Why would anyone want to be a wage slave tax livestock peon anywhere?

Very interesting. Subscribed!
Does the UK or Germany have a rule similar to "If you're not tax-resident anywhere, then you pay taxes based on your citizenship" ?