Best Options for Setting Up a Remote Business While Living as a Digital Nomad

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Marcellosalas is planning to run a remote business while living as a digital nomad and asks which countries have the least bureaucratic setup for online businesses, what legal structures and tax setups to consider, whether Estonia’s e-Residency is worth it for a small online business, and how to choose a bank for international transactions. Ilves recommends Estonia’s e-Residency as a starting point, noting the card takes about a month and costs €150, company setup takes a day or two, and Wise is a common banking choice, though account access can be difficult for people from high-risk countries. appleballcat argues that a US LLC beats other options for non-residents in tax, banking, and formation. mrsmember supports looking into Estonia for online businesses since much of the administration can be done remotely, but warns that e-Residency does not make someone tax resident or exempt from taxes where they actually live, and advises checking that banks accept your business structure and residence details, since some business accounts require a fixed residential address.

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Hello everyone,

I am in the early stages of planning my journey as a digital nomad and I am looking for advice on how to best set up a remote business while moving around. I have been researching a few countries that offer great opportunities for nomads…, such as Estoniaa and Portugal and I want to know which countries have the easiest processes for setting up an online business with minimal bureaucracy.

Additionally…, are there any specific legal structures or tax setups I should be aware of: ?? I have seen some mention of e-residency in estoniaa, but is it worth pursuing for a small, online-based business: ??

Any tips on financial management or choosing a reliable bank for international transactions would also be appreciated. I am looking to make sure my business is set up correctly from the start to avoid issues while living abroad. I have also searched on the forum for the solution to my query and found this thread https://community.nomadgate.com/t/complete-guide-to-remote-from-dubai-one-year-residency-qlik-sense but couldn’t get enough solution.

Thanks in advance for your insights !!

With Regards,
Marcelo Salas

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Dont know about Portugal but for Estonia e-Residency, is the place to start e-resident.gov.ee takes around a month to get the card, costs 150€, after that you can start with company setup etc. take 1-2 days or so, for banks most common option is Wise Given that your are from EU if you are from high risk country then getting the bank account can be real hard.

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I don’t think any other companies or countries can beat US LLC for non residents; tax wise, banking wise and formation wise :slight_smile:

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Honestly, Estonia is worth looking into if you’re planning to run an online business, especially because a lot of the company administration can be handled remotely. Just keep in mind that e-Residency doesn’t automatically make you tax resident or exempt you from taxes, wherever you’re actually living.

For banking, check whether providers accept your business structure and residence details before committing to a particular country. Not every business account is available to founders without a fixed residential address.