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| | Ask HN: Living overseas with a profitable online business | |
113 points by SteveC on Oct 3, 2010 | hide | past | favorite | 95 comments
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| | I am a UK citizen with a profitable online business. I have no real responsibilities other than that and I would like to try living in a few different countries for a while before I have to settle in one place. My web business means I can work from anywhere as long as I have an Internet connection. Has anyone here in a similar situation tried this? What sort of hurdles did you face with visas? How was tax handled? Did earning your money online make things easier or complicate matters? |
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It cost an arm and a leg, but I wouldn't have missed it for the world.
As for taxes, the rule in my case was that as soon as I spent more than half a year per year in the one country that one became the one where I paid my taxes.
I did create a corporation in Canada in order to have a bigger footprint and to help with the immigration process. Eventually moved back to Europe because the immigration process seemed to take for ever (of course, two weeks after letting everybody go and moving back to Europe we received permission to become landed immigrants).
I wouldn't do it again with the same country, but really, it was a very nice time.
If an opportunity presents itself to move abroad again I'll probably take it (as long as it is not the USA or Canada).
Nothing broadens your horizons and teaches you stuff than moving to different places on the planet.
Asia in 2013? Who knows ;)
Earning money online made stuff considerably easier, it meant that no matter how rotten the local economy was there was always food on the table and transportation.
Health insurance is different per country so you'd better check in to that in serious detail before you make your move, there can be all kinds of limitations and liabilities if you mess that up.