July 17, 2017 Ep.240 ~ Avoid Self-Employment Tax, Global Retirement Accounts and Living in Latvia ~ Bobby Casey
On today’s episode, Bobby Casey the managing director of Global Wealth Protection, is our guest. Bobby calls in from Latvia where he has been based for the past six years and we get into a great chat about why he chose that part of the world. There are some really great benefits about living in Latvia, and Bobby shares why he loves it.
Global Wealth Protection helps people with their residencies, offshore banking and incorporation abroad. Bobby shares how important it is to manage your taxes, corporations, and business abroad to avoid unnecessary taxes and costs while living overseas.
01:35: Digital Nomads Today and Who They Are
03:25: Latvia and Why You Might Want to Consider It
07:56: How Affordable is Europe?
08:46: Comparing Living Expenses Inside the U.S. vs Outside the U.S.
10:52: Global Wealth Protection
14:53: Time Outside the U.S. Needed to Incorporate and Avoid Taxes
20:55: Countries with Great Tax Advantages for Digital Nomads and Location Independent-Entrepreneurs
22:54: What is a Global IRA and Why You Should Consider One
28:50: What it Takes to Build a 7-Figure Location Independent Business
IRS Form 2555
Physical Presence Test
Bona Fide Residency Test
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