How to be tax resident in no country and pay 0% tax

In this video I explain how with the right planning it's possible to be a global non-tax resident. This means spending time in multiple countries remaining below their test for tax residency. This can allow you to travel the glove with months in each location, but no tax on your income or capital gains.

This can be a great strategy for those that want to explore the world whilst taking dividends, salaries and capital gains completely tax free.

[bonditltd]

Suggested video - How is it possible to become non U.K. domicile ? As I understand it, you can be non resident, but some tax such as IHT still applies. So you could be in Dubai for >5 years and still be hit with IHT

[NamesSurnames]

And in which country would you have your bank account ? Banks usually ask for your tax id number.

[unequivocaldao]

As far as i know this isn't possible, i have bank accounts in several countries, when opening an account you must state your tax residency. Would be happy to be proved wrong or at least can someone mention a bank that doesn't ask where you are a tax resident.

[francescostefanodalio]

I am not a tax resident for tax purposes based on the number of days spent and ties. However, when I fill in my tax return, there s a section asking which country I am resident in. If I don't put a country code I think I LL get on trouble. Where would financial investments be taxed? Would I be taxed solely on real estate income?!

[LucidAmethyst]

While it's possible to achieve this, it depends on a number of factors, including where you source your income, what is your nationality and what you have declared to the revenue in your citizenship country. However, you don't have to be tax resident to owe the country money, simply stepping off a plane and earning money whilst in a country can sometimes be enough. If not planned correctly, depending again on the source of income, you could go to a 0% tax country like Dubai, and potentially still end up owing tax to another country. As I have pointed out on other similar videos on here, you should take this advice with the disrespect it deserves, and seek the advice from a professional before attempting anything like this.

[michaeltaylor]

Can you pay yourself salary from your UK limited company and not pay income tax and NI? Or must it be dividends to avoid tax?

[AnzacBedouinLisbonese]

Dangerous and incorrect advice being given. Outright wrong. Your country of nationality will claim you as a tax resident if you are tax resident nowhere. This sort of advice should be illegal.