Cyprus or UAE for me? (Low income btw...)

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Exactly. I only know to earn money with my work as⁠ a freelance and that's it, so if I don't invest in a cloning machine I⁤ don't know what to do... xD
That's the maximum I can do, yeah, but I want to︀ save money so I can't spend everything on travels. The problem is the money I︁ save and get as salary/dividends.
 
@Marzio how about this setup? He sets up 1 UK Limited that he uses for‌ invoicing. It he makes 100k per year, he invoices 33k from a self-employment in Czechia,‍ 33k from a self-employment in Bulgaria and 33k from Romania. Leaving 1k taxable at 19%⁠ in the UK.

Let's say he has travel expenses amounting 30k per year, he deducts⁤ all of them in all three countries, leaving him with personal income of 3k in⁣ each Czechia, Bulgaria and Romania?
 
The UAE has two different tax residency certificates, one for domestic use‍ that only require a 90 day stay, and one "international" for double taxation purposes requiring⁠ "the individual to be physically present in the UAE for more than 183 days in⁤ a 12 month period". I guess it's the latter you need for Spain. Bit of⁣ paperwork to get it done, costs about 1,000 AED, and it's only valid for a⁢ year, but doable. Not sure if you need a tax residency certificate every year, or︀ just once.

See https://kpmg.com/ae/en/home/insight...dent-and-tax-residency-certificate-guide.html

And the official UAE gov site https://tax.gov.ae/en/services/issuance.of.tax.certificates.aspx

Staying over 183 days,︁ of course means you are in scope for effective management and control rules, but that︂ is as mentioned potentially avoided by having board meetings with minutes and executive decisions taken︃ outside the UAE. Or well, just accept that your foreign business is under UAE jurisdiction.︄

One thing to note is that many people use their UAE company to get︋ residency in the UAE. With a US LLC and no UAE company, you have to︌ find another route. An obvious one is as a remote "virtual" worker , you can︍ get residency if you are an employee anywhere in the world or have your own︎ non-UAE business as long as you can show you earn at least 3,500 USD (or️ equivalent) per month. It's very cheap but has to be renewed every year.
Otherwise you‌ can get 2 year residency by purchasing a property in the UAE for at least‍ 750,000 AED (or 2M AED for 10 year golden visa). It can be renewed every⁠ 2 year as long as you still have the property. Or getting 2 year residency⁤ by being a freelancer (but that s much more expensive than being a remote worker)⁣
 
Ok, I have to look this closer, as I'm going to︀ be a non-dom so maybe the 90 is enough? My last tax residency is going︁ to be Romania.
This one fits me. Good to know.
This one not that much haha.

Seems that UAE fits somehow.︌ I guess that at this point I need to talk with an advisor, but at︍ least I know that there's a way.
 
How does this‍ make any sense?
In an environment where corporate tax is low to zero, it does⁠ not make any sense to move investment items or even large consumption items out of⁤ the company.

Use a company car, rent out company houses or flats, etc...
You can⁣ easily live in an "office". 😉

As soon as you want to put something in your⁢ own name you have to pay tax and with your numbers the elaborate offshore schemes︀ are likely not economical.

Take out (officially) only the minimum that you have to for︁ things to look legit. Probably not more than average salary.
Most of what you spend,︂ you can get out via expense invoices - look at signature.
 
The problem with this is that in Spain is difficult︂ to have fake company expenses. For example, most freelancersin Spain buy the work car as︃ 50% for the job and 50% personal, because if you buy the car claiming that︄ is 100% for the job, Hacienda (the tax bureau) is going to investigate that you︅ never use that car on a weekend (for example) for your personal things: https://www.selfemployedspain.com/is-the-renting-of-my-vehicle-deductible-if-i-am-a-self-employed/

If I work at home, I have to declare the % of the office that I︆ use for work to declare the same % of the renting and utility bills as︇ expenses.

They say that Spain is tough for a reason :-/ and I want to︈ sleep without worries. As I said I'm not planning to live as a millionaire, simply︉ that I want to optimize my personal income while I travel until I decide to︊ return to Spain, because I'm not sure about my future, but if all my life︋ goes like it is going now, I have no problem paying half the salary to︌ Spain as I'm not a big spender nor have kids. My nephews are the ones︍ that are going to benefit from my leftovers haha.

In short, I just want a︎ way to travel around while optimizing my personal taxes. I'm not planning 0%. I'm Happy️ with Romania's 13% (as Spain will be about 25%), but maybe there's something better than‌ 13%.
 
But thinking about this (I've just read your signature) you︂ can't imagine the amount of people that ask for B money when buying properties. We'll︃ talk.
 
This is the same for most places in Europe. Cars are a personal thing. If you⁣ need it for the company, you rent. All else will cost you more in documentation⁢ than you will ever get out.
 
Where do you want to live? How much tax would you be OK with?
There are many options in your income range. Czechia could be an option, for example. Or‌ Malta.
If UAE, I would consider a US LLC, UAE entities are a headache and‍ they currently don't enforce corporate tax for offshore companies.
 
I wouldn't say‌ so. For example, Czechia has an attractive freelancer tax model, where you pay only 15-20%‍ or so.
If you earned more than 100k, the tax would go up and Czechia⁠ would become unattractive.
 
Yes. I agree. Anywhere⁠ in the EU is no problem. If he reads my recommendation, he can do Czechia⁤ & Romania & Bulgaria all together. I meant that most people here do not recommend⁣ UAE in his case (although I think I could live there with much less than⁢ 100k).
 
UAE works, it's just a matter of lifestyle, that's why I asked where OP wants‌ to live.
If you want nature, Czechia would be a better place than UAE. UAE‍ would be less tax, but higher cost of living. Probably what you have left at⁠ the end of the month would be comparable.
 
100k a year is⁠ not much?
LMAO, humblebrag or what?
That's high income lol
 
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