Comments by "Guilherme Sales Ferreira da Costa" (@guilhermesalesferreiradaco2934) on "Does the Trifecta Work in High-Tax Countries?" video.

  1. Get ready to pay lol
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  2. It can work
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  3. I'd like to know what u have to say about wether or not one should incorporate a tax residency in their trifecta. What are some advantages and disadvantages of becoming a tax resident in one of your bases (perhaps a tax friendly one so u'd be paying little to no tax) compared to a trifecta in which u spend equal amounts of time in each base to avoid becoming a tax resident? I'd like to hear your take not just in terms of taxation but also what it means for your nomad lifestyle. Which would increase your freedom the most and in which case would u be treated best?
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  4.  @torontovoice1  I don't think u need to have a resident permit to become a tax resident, it's usually just the place u spend the most time in. So for example the modified trifecta that I think works best for me is 6-3-3. In your main base u spend half a year (northern hemisphere fall and spring) and therefore are subject to pay tax so it must be tax friendly and a bit more developed. Some examples would be Santiago, KL, Dubai, Hong Kong, etc. The other 2 based are essentially places that u like but wouldn't live there for the taxes, quality of life, climate, whatever reason to find not to live in a place that u like. So for example, I like Panama City but wouldn't live there full time cause I figured I'd get sick of the island-like living, but I definetly wouldn't mind spending a few months there. Another examples are Egypt, Turkey, Peru, Vietnam, etc . I like em but they're not tax friendly so I'm just spending a few months there. Also places like Uzbekistan, Cambodia or Bolivia. Nothing wrong with spending a few months there but I personally want it a little more developed or sophisticated if u like. And the best part about this is depending on the country and your passports u might only need one resident permit which is your main base. I'd also get sick of em so I'd change em every few years and if I don't need a residence permit in a place to spend 3 months there I might just rent for the time being and change it following year
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  5. @Helena GG I don't think u understand the concept of incorporating your tax residency in one of your bases. I'm not talking about setting up a company, I'm talking about having a base u spend more time than the others
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  6. @Helena GG that's not how it works, maybe in legacy brand countries but in most countries we talk about here won't tax u if they're not the country u spend most of your time in
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  7.  @torontovoice1  so you're implying u can stay half a year in Georgia on a tourist visa without becoming a tax resident?
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  8.  @torontovoice1  I'm assuming the idea was not to become a tax resident in the first place which I doubt would work since Canada and Italy are in the equation. Or maybe the idea would be to become a tax resident of Italy and take advantage of the lump sum tax which let's be real, is not an option in many cases. I'm not sure if there's a minimum income requirement but I'd assume it'd be an high 7 figure or even 8 figure income
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