How I Cut Tax Ties, Went Offshore & Set Up for Life Abroad.
As an Australian now based between Argentina and Paraguay, legally operating through a US LLC with no ongoing Australian tax obligations, here it all is, including the full breakdown of costs.
I’ve written bits and pieces on this over the past year, but figured it was time to put everything in one place, this article.
It’s a full recap of how I broke ties with the ATO (Australian Tax Office), moved my income offshore, and built a structure that lets me legally live between my two favourite spots in South America, and ultimately, wherever I feel like parking up.
I’m not high net worth. Just an average guy chasing a different kind of opportunity and financial freedom, one that isn’t weighed down by tax headwinds and a rising cost of living like back home.
I’ve spend three years outside of Australia with only the rare visit back home to see family (currently in Tasmania for my brothers wedding - the irony).
Thank god citizenship and tax are two different things, not like the US, where they’ll chase you around the world just for holding a passport.
This article breaks down the full process into eight key parts:
CRS – Common Reporting Standard (important)
Ceasing Australian Tax Residency
Paying the Deemed Disposal Tax Bill (and Moving On)
Using a U.S. LLC for Global Invoicing & Ownership
Paraguay: The Perfect Tax Base
The Substack / Stripe Wrinkle
Potential Future Friction Points
Summary + Full Accounting Fees & Costs
Disclaimer: I am not an expert in these fields, nor am I formally qualified. I have simply spent a significant amount of time researching my own situation, asking questions, and speaking with people who are. It has taken up a big part of my life over the past couple of years, and hopefully you will see why.
At the end of the day, this is a legally clean zero tax structure tailored to my circumstances. If I can pull it off, so can you, but please, do your own research!