Get ready for a trend that can be the key to your long-term escape strategy after you’ve achieved financial independence, get ready to live tax free.
And something I’m personally considering after planning my escape strategy for the past two years.
There’s a trend happening right now where countries are offering short-term visas to stimulate the local economy.
Here’s the full list of countries and the details on their programs.
But today, I want to focus on the Croatia digital nomad visa. Why Croatia?
Because I spent an entire month in Croatia and had to pinch myself for living in paradise (not the kind of paradise you’d think), imagine waking up every day to:
UNESCO heritage sites
And my favorite: major tax benefits
Yes, picture the possibility of living in paradise for one year and paying virtually zero tax.
It’s possible through something called the foreign earned income exclusion. It exempts up to $108,000 in income tax while working abroad.
Not to mention you wouldn’t have to pay for U.S. health insurance which currently costs me a whopping $1000 for a family of three. In Croatia, we’d pay just $80.
This was enough for my husband and me to make plans to head back to Croatia later next year.
Alright, this sounds great and all, but how about housing? These are a few options I found with a quick search:
Then there’s a residential home with a sea view split under $1400. Seriously—you can’t beat that view!
Or how about Island life, for $1200 per month in a fully furnished home and infinity pool below:.
Or if you’re serious about growing your portfolio (and learning about these tax savings/life hack strategies) work with me personally and my team, along with investors who are doing just this inside the Inner Circle.