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Internet cafes in developing countries are abundant, and you might be surprised how fast the connectivity often is. They cost a tiny fraction of $15/hour so I
by leroy_masochist 8y ago
Internet cafes in developing countries are abundant, and you might be surprised how fast the connectivity often is.
They cost a tiny fraction of $15/hour so I don't see how this is a capital-constrained job for anyone.
The theoretically necessary self-employment paperwork is not going to be a meaningful barrier to action in most developing countries.
- rolandog 8y agoIf it were so simple and accessible why don't American citizens migrate to those countries to take advantage of the low cost of life?
- reidjs 8y agoThat is a super risky proposition. It is not so easy to just pack up shop and leave a country. You will have to leave behind most if not all your friends and family. Also, you need to have adequate savings to make that leap, which most people do not have.
- ttul 8y agoI know at least some programmers who have moved to Third World countries. In Indonesia, for example, you can live like a prince for about $1000 a month. Then work remote for US based companies. Your North American resume and cultural knowledge allows you to still charge a decent rate for your skills. But your cost-of-living is minuscule. It’s a decent option for many young people to consider.
- leroy_masochist 8y agoMany do
- ajcodez 8y agoThey do. All the time. Traders move to Puerto Rico and programmers move to Thailand. It’s even better because you get the first $100k tax free as employee, or approx 14% off if self employed.
- selimthegrim 8y agoDo the programmers not like arroz con gandules? Or is it just an established trend?
- ajcodez 8y agoPuerto Rico is attractive to US traders because if you live there for six months out of the year you pay zero capital gains tax. On the other hand programmers still have to pay income tax so are more likely to seek inexpensive tourist destinations.
- eloff 8y agoI did this in Panama. They use the US dollar, but cost of living is not that low. Food actually cost more, with the exception of locally produced things. It can work out well. I did it tax free too, but it is a lot more complex for US citizens. Although I think you only have taxes on income above $100,000 a year outside of the country, but I'm not an accountant, so take that with some salt.