Becoming a "Digital Nomad"

I have an opportunity to become a "digital nomad" and I am unsure of how to best take advantage of this.

I currently live outside of Ireland in a jurisdiction with a max income tax liability of circa 50k regardless of income above and no GCT or Dividend Tax on public companies or companies that do not generate an income there.

I have an opportunity to take on a fully remote job as a contractor. Pay is circa €225k per year and I can establish a company where ever I like and work from any country I am legally allowed to work in. I am attracted to this option and want to take it, but I have always been a PAYE worker and never had to plan for tax benefits.

I am considering staying put where I am for 183 days per year and staying tax resident here and then traveling around (including Ireland) for the rest of the year. But I am not sure if this is the best approach and have no idea how to plan it or who to speak with that could help me plan it.

For example, if I established in Ireland and return tax residency here (I am home for christmas) how low could I get my tax liability (I would want to max a pension, buy a house, etc)

Could I establish somewhere else with lower tax requirements? Then I'd have to assess if I could live there.

Who do I even speak to, to help me plan this type of thing?

Malta seems to be a popular choice, income sourced from outside Malta seems to be tax free.
There is normally a period though where if you don't pay tax in the country you resident in, you are still liable for tax in your previous tax domicile for some years (think it's 2 or 3), so be sure to get advice from a professional. Maybe others can be more helpful on here, but if you search up tax advisers in these low tax places that would probably be a good start, I'm sure a zoom consultation can be booked to get some information without a huge spend. The Isle of Man is another one not far from home to look into, personally I'd prefer Malta!

harmlessdonkey said:

Who do I even speak to, to help me plan this type of thing?

Click to expand...

A tax expert who specialises in the area.

Here is one for example: