About Global Nomad Guide
Why Global Nomad?
A Global Nomad, or glomad, is a person who is living a mobile and international lifestyle. Global nomads aim to live location-independently, seeking detachment from particular geographical locations and the idea of territorial belonging. There is no one way of being a Global Nomad; it is a term that is broader than any others and can include:
- Digital Nomads – people who earn a living working online in various locations of their choosing (around the same country or internationally).
- Remote Entrepreneurs – people who have a location independent business that they can run remotely from one or more countries (freelancers, self-employed or company founders, etc.)
- Remote Workers / Employees – employees who do not need to commute or travel to a central place of work, such as an office building, warehouse, or store.
- Perpetual Travellers / Permanent Tourists – people who based different aspects of their lives in different countries and do not spend too long in any one place.
When it comes to immigration and taxes, believe it is crucial that all digital nomads and other remote workers have easy access to verified, regularly updated information.
We’ve created the Global Nomad Guide because we could not believe how difficult it was to find the latest, reliable, and complete information on immigration and taxes or other practicalities of the nomad lifestyle.
Who is behind Global Nomad Guide?
Jakub is a Video Quality Controller, Producer & Marketer who’s been working on delivering video & digital campaigns for some of the biggest global brands, including Fitbit & EA. He is a QC Titan who, when it comes to Global Nomad Guide, gets his fingers into all content & marketing matters.
The beginning – why & how?
We both love the flexibility and time saving and would never go back to the office!
What are the challenges of Digital Nomad Life?
The Digital Nomad Visas pop up every month, but hardly anyone was talking about what impact applying for those visas will have on nomad tax residencies and taxes. We’ve discovered that there is a massive gap in the market in access to knowledge regarding international tax and wealth management for people who earn in 5 or in lower 6 figures.
How do Digital Nomads pay taxes?
What that means so far is that most digital nomads chose to either: (1) keep paying taxes in their home country, even though they are not present there for most of the year, (2) get rid of their home tax residency if they can, and move around as a perpetual traveler. Both of these options are tax/immigration grey areas; they are not ideal and leave remote workers open to several tax liabilities. Not to mention that working on a tourist visa in some countries is a criminal offense. Regardless, so far, a lot of people have been able to fly under the radar. This is, however, changing very quickly and is no longer something that can be ignored.
How is the landscape changing?
The rise of the Digital Nomad Visas
Digital Nomad Visas (DNV) bring enormous opportunities not only to countries but also to remote employees and their employers. What Digital Nomad Visas offer are various tax incentives for local non-tax-residents such as no personal income tax, no social security contributions, or other taxes for example, no capital gains.
However, the reason why DNV are such an exciting development is that they can offer a legal way out of the compliance nightmare of allowing employees to work from anywhere.
This is mainly because, to get the Nomad Digital Residence Visa, you are not allowed to work for a local one and can only have a foreign employer.
This really gives an employer a way out in terms of needing to register a local entity or paying local income taxes and social security. It doesn’t solve other compliance issues like the risk of Permanent Establishment, Duty of Care, or Data Privacy and Security, but it’s a good start!
That said, sometimes, even if you have a remote worker visa, you will still need to pay local taxes. And if you do, then most likely, your employer will need to do so too. You are also no longer flying under the radar; you will be indeed very visible to the local governments, which will remind you about your obligations sooner or later.