You forgot the social contributions. In the Czech Republic, all together, it is lower. On the other hand, in Hungary CIT is 9%
Best Residency in EU that makes the most sense Taxationwise?
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You are right, but social security tax is added to only a few income types, and it is capped, I think it's still lower than in the Czech Republic.
Generally if people won't get salary from a Hungarian company they won't have to pay that.
For example no matter how much will you cash out in crypto you will always pay flat 15% tax and 0% on social contributions.
Generally if people won't get salary from a Hungarian company they won't have to pay that.
For example no matter how much will you cash out in crypto you will always pay flat 15% tax and 0% on social contributions.
In the Czech Republic is also 15% if I am not mistaken. Now in 2024 they are going to increase some taxes, reform the VAT, and so on. If you receive pasive income, then yes, you do not pay social security. But when you work as︀ an employee or as a freelance, it is lower in th Czech Republic. As a︁ freelance, up to 2 millon CZK (roughly 86,000 USD) / year, the taxes, SS, and︂ Health Insurance is 12%. From 2 million is higher. In Hungary they have KATA, but︃ the limit is around 50k USD. In the Czech Republic they also have a similar︄ system with higher limit if I recall well.
In any case, in the Czech Republic︅ with the new tax reform as of Jan 2024, it will make it less attractive.︆
In any case, in the Czech Republic︅ with the new tax reform as of Jan 2024, it will make it less attractive.︆
I see, good to know, thank you!
KATA also︃ has new restrictions, if freelancers invoice companies it will be subject to higher taxation.
Hungary is best only if you can rely on passive income.
KATA also︃ has new restrictions, if freelancers invoice companies it will be subject to higher taxation.
Hungary is best only if you can rely on passive income.
have you been to Cryprus or Vietnam? literally a mess of a country (both) with no services and if you fall ill, good luck with their hospitals...
Bulgaria same, been there multiple times.
I'd rather spend more in living style︀ and pay less Tax...
Bulgaria same, been there multiple times.
I'd rather spend more in living style︀ and pay less Tax...
not that much in CY but ive spend years in VN.
dude VN private hospitals are top notch lmao what are u talking about, and even if you didnt like em... TH is just across the border.
cmmon g stop complaining and look for solutions, think laterally
dude VN private hospitals are top notch lmao what are u talking about, and even if you didnt like em... TH is just across the border.
cmmon g stop complaining and look for solutions, think laterally
Living in a mess of a country (with a first world income) is underrated. You get access to some services only super-rich do in developed countries, like, if you want, multiple live-in maids, house that includes accommodation for domestic staff, chauffeur, chef, gardener, personal trainer that comes to your home, nurses that can stay over night to help with kids/babys.
I have lived many years in both Switzerland and West Africa. I like both places actually. And had the experience of visiting a hospital in both places. Switzerland was of course great, and the best hospital you could get in the West African country I︀ lived in, was decent. Not as good as Vietnam I guess, but ok. It looks︁ like a first world hospital - one wouldnt guess it was in Africa by just︂ looking at the interior. They can handle most things, and if there is something they︃ cant handle - like they lack the most advanced tools, they tell you to have︄ it checked up abroad.
I have lived many years in both Switzerland and West Africa. I like both places actually. And had the experience of visiting a hospital in both places. Switzerland was of course great, and the best hospital you could get in the West African country I︀ lived in, was decent. Not as good as Vietnam I guess, but ok. It looks︁ like a first world hospital - one wouldnt guess it was in Africa by just︂ looking at the interior. They can handle most things, and if there is something they︃ cant handle - like they lack the most advanced tools, they tell you to have︄ it checked up abroad.
I posted in another thread about Slovenia, which might be worth looking further into.
https://www.offshorecorptalk.com/th...-eu-how-to-structure.40517/page-3#post-278490
https://www.offshorecorptalk.com/th...-eu-how-to-structure.40517/page-3#post-278490
If you stay in Mexico for a few months every year without getting temporary or permanent residency, and you fly frequently out of Mexico after staying there for a maximum of 6 month, it's only a matter of time that when you return an immigration officer will give you a stamp that will only allow you to stay in Mexico for a few weeks (no more︀ 6 months), and you'll be told to get residency in Mexico.
Some people still have the memory of the good old days of Europe, not realizing︅ how much it's changed.
Things are not just worse, things are chaotic, no point of︆ getting into all the details.
"EU, AUS and CA..." People with some money are escaping︇ these countries, people without money can't wait to go to these countries.
Some people still have the memory of the good old days of Europe, not realizing︅ how much it's changed.
Things are not just worse, things are chaotic, no point of︆ getting into all the details.
"EU, AUS and CA..." People with some money are escaping︇ these countries, people without money can't wait to go to these countries.
There are only about 2,600 monks living there. No companies there and females are not allowed there! Only monks! So no fun there + watch your a*s.
That's probably the best thing to do.
You can still go to Europe and spend a couple months there during the summer as a tourist.
Anyone knows if DTT︁ with US terminated or not?
Just forget about Slovenia. It's a︃ country with beautiful nature but boring to live and taxes are higher than in other︄ places making it not worth it.
That's probably the best thing to do.
You can still go to Europe and spend a couple months there during the summer as a tourist.
Anyone knows if DTT︁ with US terminated or not?
Just forget about Slovenia. It's a︃ country with beautiful nature but boring to live and taxes are higher than in other︄ places making it not worth it.
The topic was about Europe mostly.
My main concerns are related to getting good quality housing (not some shitty condos) for my wife and kids, having relatively low personal tax, good infrastructures and high safety for women/children, and if it has good looking women on top of that is a bonus.
I am pretty much sure Poland, Hungary and Romania almost meet these standard but can anyone else confirm?
My main concerns are related to getting good quality housing (not some shitty condos) for my wife and kids, having relatively low personal tax, good infrastructures and high safety for women/children, and if it has good looking women on top of that is a bonus.
I am pretty much sure Poland, Hungary and Romania almost meet these standard but can anyone else confirm?
Not quite. In Dubai you have tens of thousands escorts/sex workers from all over the world at any time while at Athos you don't have a single female. 😉
These should be all somewhat similar.
I've been in all 3 and in︀ all 3 capitals (Budapest, Bucharest, Warsaw).
Budapest:
- looks the best city of three to︁ me
- might want to check Debrecen or Szeged for more peaceful and cheaper family︂ life
- problems with traffic (heavy traffic on the bridges), they have oldest or 2nd︃ oldest metro in the World)
- problems with autocratic leader, freedom issues, nationalism (how you're︄ treated as non Hungarian)
- difficult language and many older people do not speak english︅
Bucharest:
- doesn't look that good but not really bad
- might want to checkout︆ Timisoara instead (smaller and bit seems nicer to me at least)
- have a good︇ new metro system
- cheapest of all and probably most welcoming to foreigners (best bang︈ for the buck)
Warsaw:
- looks pretty good
- problems with air pollution in the︉ winter months
- a lot of religious activities (that go to my nerve)
In terms︊ of housing it all depends what are you after (house or apartment) but I guess︋ there are many options in all 3 places.
These should be all somewhat similar.
I've been in all 3 and in︀ all 3 capitals (Budapest, Bucharest, Warsaw).
Budapest:
- looks the best city of three to︁ me
- might want to check Debrecen or Szeged for more peaceful and cheaper family︂ life
- problems with traffic (heavy traffic on the bridges), they have oldest or 2nd︃ oldest metro in the World)
- problems with autocratic leader, freedom issues, nationalism (how you're︄ treated as non Hungarian)
- difficult language and many older people do not speak english︅
Bucharest:
- doesn't look that good but not really bad
- might want to checkout︆ Timisoara instead (smaller and bit seems nicer to me at least)
- have a good︇ new metro system
- cheapest of all and probably most welcoming to foreigners (best bang︈ for the buck)
Warsaw:
- looks pretty good
- problems with air pollution in the︉ winter months
- a lot of religious activities (that go to my nerve)
In terms︊ of housing it all depends what are you after (house or apartment) but I guess︋ there are many options in all 3 places.
You should then plan a trip to Krakow.
Warsaw was destroyed during WWII while Krakow wasn't affected much.
Warsaw was destroyed during WWII while Krakow wasn't affected much.
I compared only the capital cities. I know that there are hidden gems in all 3 countries.
Krakow comes into 2nd biggest city group (together with Timisoara or Debrecen/Szeged) and these are the cities I always recommend if you are not tied to the capital city (by job or something else).
The second biggest city will still have universities, theaters but the life will be slower, usually more secure and more family friendly.
Krakow comes into 2nd biggest city group (together with Timisoara or Debrecen/Szeged) and these are the cities I always recommend if you are not tied to the capital city (by job or something else).
The second biggest city will still have universities, theaters but the life will be slower, usually more secure and more family friendly.
Which one out of the 3︅ you mentiones, have the most efficient services and infrastructures (Best hospitals, best quality grocery, most︆ welcoming people)?
I have been to all of the 3x cities but it was over︇ 5 years ago and just as a tourist for a couple of weeks...
I have been to all of the 3x cities but it was over︇ 5 years ago and just as a tourist for a couple of weeks...
Well, you can't have all 3 😀
Girl can't be smart, beautiful and rich - you can only choose 2.
Anyways, for most welcoming: Poland and Hungary are simply not - very cold - so Romania.
About grocery quality - all 3 countries are tier 2 EU countries so you won't have quality products as in Netherlands or Germany but they won't be that bad.
So maybe the Ariel detergent is not the same quality as in the︀ Netherlands but who cares, really.
In Hungary in Romania you can easily buy fresh food︁ products from the producers (things like fruits, vegetables or even fresh meat) and you won't︂ be able to do it in the Netherlands or it would cost a fortune there︃ and won't be the same quality (lack of sun).
Girl can't be smart, beautiful and rich - you can only choose 2.
Anyways, for most welcoming: Poland and Hungary are simply not - very cold - so Romania.
About grocery quality - all 3 countries are tier 2 EU countries so you won't have quality products as in Netherlands or Germany but they won't be that bad.
So maybe the Ariel detergent is not the same quality as in the︀ Netherlands but who cares, really.
In Hungary in Romania you can easily buy fresh food︁ products from the producers (things like fruits, vegetables or even fresh meat) and you won't︂ be able to do it in the Netherlands or it would cost a fortune there︃ and won't be the same quality (lack of sun).
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