Company Structure for Digital Nomading (LLC)

If you want to lower taxes and make your Nomading more legal here are some ideas for you to consider.

If your not from US create a company in the US and pay a flat rate tax and some admin costs. These can be several hundred USD p/year. Search for 'creating an LLC in Wyoming' to get started.

Having a company in the US will mean when you are providing services to non US clients or non-physical products even in the US while you're outside of it will only incur the above flat rate taxes and company costs.

Also, many countries have tax agreements not to double tax a person so if you are working on country X and have a company in country Y where you have a company country X has agreed not to tax you also. Hence you avoid paying tax in the country you are in legally.

If you are not from the US then consider doing something similar but set up a company in for eg, Paraguay.

NOTE:

- Each country has different tax laws and this can get quite complex so I'm not saying the above is necessary legal for you in your particular situation, just that these are some ideas to check out to see if it works for you.

- In some countries once you leave you are still required to pay tax even though you have left which makes the above very difficult. Some other countries, albeit less, will allow you to stop being a tax citizen in that country while you're overseas for a certain amount of time and in that situation the above ideas work best. Just depends where you are from really.