That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs

Today on the podcast I am joined by Vincenzo Villamena, the founder and CEO of OnlineTaxman one of the largest accounting firms specializing in working with digital nomads, expats, and online entrepreneurs.

During this episode, we talked about OnlineTaxman’s origins and what made Vincenzo leave a cushy job in New York City to become a digital nomad and entrepreneur. We also talked about how you can optimize your taxes as a digital nomad, the benefits of second citizenships, what the future of taxes looks like as the location independent movement grows, and when you should consider setting up a business abroad.

Show Notes

💬  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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What is That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs ?

That Remote Life is a podcast focused on helping you become location independent in order to live life on your terms. Serial entrepreneur and traveler Mitko Karshovski interviews some of the most successful entrepreneurs and digital nomads to help uncover the strategies and skills to help you reach the same success. Follow Mitko's journey in real-time as he builds his own location independent business and shares all the lessons and experiences. If you are someone who wants to get out of a desk job, start your own business, and become a location independent entrepreneur, then this show is for you. Visit the show online at ThatRemoteLife.com/podcast