Can you Be a Tax Resident of Nowhere?

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Can you Be a Tax Resident of Nowhere? This is the question that I often get by many.

Not every country will allow you to be a tax resident nowhere. Some countries require that you're a resident in another country in order to maintain a non-resident status in your home country.
However, there are lots of countries that don't care, and they let you be a tax resident nowhere.

If you qualify for this, what can consequences be like? Does it make sense to do?
Banks may ask you for your tax residency. However, they're not necessarily looking for facts but for a paper that shows what they want to see.

Some banks might even ask to prove that taxes have been paid. I especially noticed this in Spain. For this reason, it is a good idea to keep a tax residency in a zero-tax country, such as UAE. Banks will accept this, as this is a known fact.

What about a tax residency certificate? You typically will not need one.

So can you actually be a tax resident nowhere? Yes, you can!
However, we don't encourage people to do this. We always advise having a residency somewhere in case any problems or questions arise.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

We have lots of interesting articles on different topics, we have relevant information up to date.


Author: Michael Rosmer

☎️ Book a call with Michael: https://calendly.com/michael-rosmer