Discover the top five tax-friendly countries in Latin America, highlighting Paraguay, the Dominican Republic, and Costa Rica. Unpack the benefits of living in Uruguay, including a remarkable 11-year tax holiday for new residents. Compare Uruguay's advantages with Panama's offerings while navigating tax residency rules to maximize financial gains. This discussion provides essential insights for nomadic entrepreneurs seeking to improve their financial health and lifestyle in a vibrant region.
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insights INSIGHT
Paraguay's Tax Residency Pros and Cons
Paraguay offers affordable living and tax-friendly residency with minimal physical presence requirements.
However, it's less advantageous for entrepreneurs actively operating businesses due to its territorial tax rules.
insights INSIGHT
Dominican Republic Tax Holiday Limits
Dominican Republic offers a three-year territorial tax holiday that aligns with its citizenship timeline.
Its free zone regime benefits larger companies but is less advantageous for small businesses or solo entrepreneurs.
insights INSIGHT
Costa Rica's Strict Territorial Tax
Costa Rica maintains a strict territorial tax system but recent reforms tax income from work performed locally.
Tax residents must spend 183 days there; this limits shortcuts like property purchase for residency.
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Latin America is a popular destination for a lot of nomads who are looking for a lifestyle change. But is there more one can achieve by moving themselves and potentially their business there permanently? Our tax terminator, Javier Correa, has preached the benefits of living in Latin America for many years now, so it is time to take another look at this part of the world. In this episode, Mr.Henderson shares his favourite tax structures in Latin America that you should consider for your next big move.
Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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