Best Offshore Setup to Avoid Taxes While Living in Sweden?
- Thread starter juggle
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Sorry to burst your bubble brother but as others have pointed out already, there is just no way as long as you are living in that gestapo place. It's not the 80's anymore. The tax man will challenge you sooner or later. Either move and be done with that place, and live in peace. Or just stick with crypto only.
Good luck, there’s really no other way than what’s already been suggested here. If you’re planning to stay in Sweden, your best bet is to speak with a solid tax advisor to help optimize things… assuming you’re fine living among all the gangs and criminals the country has granted︀ asylum to.
Alright, I’ve got the message loud and clear from all your replies, thanks a lot for the input and for taking the time to look into my situation. So let’s say I manage to get my girlfriend onboard with leaving Sweden, where would you recommend a 29-year-old guy move to?
Which country in Europe would you suggest?
Which country in Europe would you suggest?
Well, where to live is also a personal preference thing, not just a tax issue. Not knowing your preferences, for someone into crypto Ill just list the usual european countries: Cyprus, Malta, Portugal, Switzerland, Bulgaria.
And then Ireland is ok for having a business, but not great for individual hodlers. Czech Republic is ok for hodlers (no cgt if held >3 years), so so for a business. Germany is good for hodlers (no cgt if held >1 years) but bad in all other aspects.
France and Spain are to be avoided entirely.
But also, you dont have to stick to one country. If you mix︀ countries, and split the year between multiple countries, suddenly a lot more is possible.
Also, why limit yourself to Europe? Lots of other great places to live around the world︁ that also have reasonable or zero taxes.
And then Ireland is ok for having a business, but not great for individual hodlers. Czech Republic is ok for hodlers (no cgt if held >3 years), so so for a business. Germany is good for hodlers (no cgt if held >1 years) but bad in all other aspects.
France and Spain are to be avoided entirely.
But also, you dont have to stick to one country. If you mix︀ countries, and split the year between multiple countries, suddenly a lot more is possible.
Also, why limit yourself to Europe? Lots of other great places to live around the world︁ that also have reasonable or zero taxes.
Depends on what the both of you like? You are still pretty limited in Europe to be honest with you. But if it has to be within Europe, Cyprus is nice but boring. If you like a little bit more family first and old school values than I would highly recommend you the Balkans, primarily Serbia or Montenegro,︀ you could live there without being bothered much by the authorities, taxes are also pretty︁ low and Montenegro is beautiful. Other options would be Estonia or Latvia, very close to︂ Sweden, cheap and easy to travel to from Sweden. It's also a lot cheaper and︃ more safe than Sweden. They also have some Swedish history etc. If you actually live︄ in Estonia and open a OU company there (the equivalent to a Swedish AB) you︅ can either:
a) just leave the money in the company and pay 0%
b) pay︆ yourself in dividends and pay a 20% tax rate or
c) you and your girlfriend︇ could withdraw up to 7848 euros per year each tax free. Combine this option with︈ option b and a bit of flexible thinking and you can live pretty much without︉ paying any tax. 😉 If YOU don't own anything you can't pay tax on it right?︊ And since Estonian companies doesn't actually pay tax as long as you leave the money︋ in the company and the company has a lot of expenses there is nothing to︌ be taxed.
Czech Republic is also a viable option. Cheap and friendly place.
a) just leave the money in the company and pay 0%
b) pay︆ yourself in dividends and pay a 20% tax rate or
c) you and your girlfriend︇ could withdraw up to 7848 euros per year each tax free. Combine this option with︈ option b and a bit of flexible thinking and you can live pretty much without︉ paying any tax. 😉 If YOU don't own anything you can't pay tax on it right?︊ And since Estonian companies doesn't actually pay tax as long as you leave the money︋ in the company and the company has a lot of expenses there is nothing to︌ be taxed.
Czech Republic is also a viable option. Cheap and friendly place.
Well that depends on how much money you want on your personal account if that is important to you? But just for fun let's say you want 50K a year. On this amount you pay 22% tax which is 14 102.56. Meaning you pay 64 102.56 euro to get 50 000 into your bank account.
Ignore what I said earlier about the tax free income, that does not apply for dividends. Apologies for that, it's been a while since I took any income at all from.
But what is more important here is changing your mindset about income. It's better you take a︀ small salary or dividends and instead just let the company own things. As long as︁ the assets are in the company you don't pay any tax. Get what I'm saying?︂ You just need a bit of acrobatic thinking and a flexible accountant. If you do︃ not make any money you pay no tax.
Ignore what I said earlier about the tax free income, that does not apply for dividends. Apologies for that, it's been a while since I took any income at all from.
But what is more important here is changing your mindset about income. It's better you take a︀ small salary or dividends and instead just let the company own things. As long as︁ the assets are in the company you don't pay any tax. Get what I'm saying?︂ You just need a bit of acrobatic thinking and a flexible accountant. If you do︃ not make any money you pay no tax.
If you’re Swedish tax resident, the key is choosing a jurisdiction and banking setup that won’t trigger CFC rules or reporting obligations back home.
Look for places with strong privacy laws, simple compliance, and banks used to high-risk or︀ crypto clients, but make sure you get proper tax advice before moving forward.
Look for places with strong privacy laws, simple compliance, and banks used to high-risk or︀ crypto clients, but make sure you get proper tax advice before moving forward.
So, you’re planning to︄ apply the last part of your post in Sweden? That sounds a whole lot easier︅ on paper than it is in practice! Can you even own a house through a︆ company in Sweden and live in it without being taxed? What about a car? And︇ what about personal belongings?
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