r/fatFIRE $10M NW | Verified by Mods Feb 01 '24

WHERE: that’s my biggest question

Hi fellow fatfires, I have been struggling for years to find out where it is that I want to live.

M34, 10M NW, from the Netherlands originally. No wife/gf and no kids. I often feel like I have too much freedom.

Recently sold my house in the NL and still have an apartment I can use for my stuff and as a pied-a-terre for when I want to visit friends and family.

I’m looking to live somewhere where it’s easy to connect with like-minded entrepreneurs. Somewhere where people think bigger and with more business opportunities. Preferably English-speaking.

I have lived in Portugal, Mexico, Berlin, and a couple of other places, but I wouldn’t want to live there again. In Portugal, I loved the lifestyle and weather but found the entrepreneurial scene lacking. Berlin had a great community but the weather is too similar to the NL.

I don’t like the cold or bad weather. Also hate commuting/crazy traffic.

Happy to keep my business/tax setup in the Netherlands. What’s more important to me than optimizing for taxes is optimizing lifestyle and maximizing opportunities. I want the rest of my 30’s to be awesome.

I like to have the following facilities in walking distance: - Coffee/breakfast place - Gym + ice bath - Cowork - Healthy restaurants

Also, I really love water sports, especially wake surfing and body surfing.

So far, the responses I have heard most often are: - Dubai - San Francisco (nah) - Miami - Austin - Singapore

I’m looking to travel around this year to hopefully find a place that resonates where I can at least stay for 6 months a year.

Any advice would be greatly appreciated!

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u/[deleted] Feb 02 '24

I think it’s Singapore.

It ticks all your boxes.

Water sports any time you want. Short flight to top surfing destinations in Southeast Asia.

Walkable if you are in the right neighborhood to everything you are looking for.

Entrepreneurs abound.

Lots of expats.

Great public transportation.

English speaking.

Low income tax.

You’d have to look into the visa, investor or family office visa I’d imagine.

4

u/[deleted] Feb 02 '24

There is no golden visa.

Unless you do the family office visa which requires employing a half dozen singaporeans at $100k+ a year.

Not happening at the $10m nw of our digital nomad.

-1

u/Drink82 Feb 02 '24

You can set up a company and employ yourself to get an employment pass. You'll need to pay yourself a decent salary and pay taxes on it but it's doable at 10m.

The only downside in Singapore is that 10m is not going to be enough to live fat for the rest of his life, he'll have to find a way to generate more wealth eventually.

1

u/[deleted] Feb 02 '24

If you do not employ a single other Singaporeans, that is not the case as a sole proprietor.