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It’s possible that this means no employer taxes either, which shields the employing company from having to set up a local tax entity, which is otherwise a huge
by merrywhether 5y ago
It’s possible that this means no employer taxes either, which shields the employing company from having to set up a local tax entity, which is otherwise a huge barrier for US FAANG-type employees as I understand it. I know that I can’t work from any other countries currently, and I’m curious if these types of visas/arrangements would remove that barrier.
- tomduncalf 5y agoThis would be interesting if it is the case - you remain a tax resident in and employed by a company in your home country, but you live elsewhere. No idea if such a thing is possible. International tax laws are beyond me!
- tomatocracy 5y agoThe other two big barriers which can apply are company taxation (if I am a director/senior manager of a company is there a risk that the Company could become tax resident in Costa Rica?) and regulation (is there a risk that I am doing something illegal in Costa Rica because either I or the Company don't have any local regulatory permission?). (There is also a company tax issue which I don't think this type of thing can solve, which is the risk of the tax residency or tax status of the Company in its home jursidiction or third countries relying on directors/senior managers physically being located in the home jurisdiction).
- oflanac52 5y agoa new startup called "Remote", reached unicorn status, is solving this issue by having all these entities set up on behalf of their clients. If countries do stuff like this tho, it would actually undermine. really hope to see other countires follow suit.