TRL 145: Ultimate Guide to Finances & Reducing Taxes for Digital Nomads with Vincenzo Villamena

💬 Topics Discussed:

• What made Vincenzo trade his high-paying corporate job for the digital nomad lifestyle?
• How things have changed in the nomad scene since the global economic crisis of ‘08?
• Why Vincenzo refers to himself as a “financial therapist”
• What parts of the world are great spots for finding new, high-quality team members
• Are the Balkans a secret hotspot for financial experts?
• What are some resources you can use to learn the basics of taxes and tax systems?
• How can you optimize your taxes as a digital nomad?
• Defining the terms bona fide residency and foreign income exclusion
• The difference between an LLC and an S-Corp
• At what level of income should you look into establishing offshore businesses?
• What countries are great locations for setting up a business?
• What is the future of taxes based on the growth of remote work and location independence?
• What is "permanent establishment" and how can it help you
• The increasing popularity of outsourcing and contractors with companies
• The appeal of the US for international digital nomads

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🎒 Resources:

• OnlineTaxman.com
• GlobalExpatAdvisors.com
• [book] US Taxes For Americans Abroad by Vincenzo Villamena
• [book] The 4-Hour Workweek by Tim Ferriss
• Nomad Capitalist
• [book] Tax-Free Wealth by Tom Wheelwright
• Wealthability
• What is the OECD