It's a decent question. I've thought the same too. Most of us have elderly parents we may want to spend time with and some of our home countries are still good for retirement (government provided healthcare etc). Who knows what 5+ years down the track will hold.
One strategy I heard was to make sure to have a tax residency before going back (inc. tax returns - even if they are 'nil tax payable' returns) and have well documented source of funds.
I have heard (in theory only) some governments won't like the idea of people who have not been paying tax since leaving and may then insist that you were a tax resident the whole time. I'm talking of resident of nowhere nomads, unsure if this would extend to 0% tax countries.
If we are talking serious money, perhaps it's worth moving to a low tax place like Thailand or something for a year, paying *some* tax (only on funds remitted into the country), have a tax return showing that before moving back. It's their feels of butthurt you need to watch out for, so as long as you're paying some, that should reduce your risk. Paying 0% may be too much a slap in the face and cause them to investigate you (a painful experience even if you've done everything legally and correctly).
Do you still have banking in your home country? If so, could you start saving now into those accounts over time so you don't end up having to do a big sum later?
Keen to hear other solutions.
One strategy I heard was to make sure to have a tax residency before going back (inc. tax returns - even if they are 'nil tax payable' returns) and have well documented source of funds.
I have heard (in theory only) some governments won't like the idea of people who have not been paying tax since leaving and may then insist that you were a tax resident the whole time. I'm talking of resident of nowhere nomads, unsure if this would extend to 0% tax countries.
If we are talking serious money, perhaps it's worth moving to a low tax place like Thailand or something for a year, paying *some* tax (only on funds remitted into the country), have a tax return showing that before moving back. It's their feels of butthurt you need to watch out for, so as long as you're paying some, that should reduce your risk. Paying 0% may be too much a slap in the face and cause them to investigate you (a painful experience even if you've done everything legally and correctly).
Do you still have banking in your home country? If so, could you start saving now into those accounts over time so you don't end up having to do a big sum later?
Keen to hear other solutions.
