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With so many countries to choose from, where on Earth do you start? Having residency in a foreign country can allow far more time back in the US (about 30 days vs 3 months)
Live Tax-Free is the definitive guide on how Americans can achieve a more prosperous lifestyle, eliminate debt, spend less, and free up money to invest by ‘going international.’
Instead of using a longer-term residency visa in a tax-advantaged country, a hybrid option is to move to a country that offers you a one-year or longer extended ‘remote working' visa.
We not only assist our clients to eliminate income taxes (federal, state, and local), but we also assist our clients in opting out of self-employment taxes successfully.
A foreign company can be helpful, as there are several issues for expats and digital nomads that can severely limit their tax-free benefits when using certain US business structures (a bad thing).
The best way to document the shift of your business tax home is via a new employment contract (even with your own company)--as the IRS will not "take your word for it"!
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