Source of funds for a fiscal resident of Spain

[JohnnyDoe]

Milano top ends? ns2

Just ask anyone around the world if they⁠ would prefer a holiday in Italy or in Spain (not Milano or Barcelona).

 

[RealDude]

Spain, Mallorca and Canary‍ Island for sure, recurrent. Italy is totally overpriced. You go to Italy once for History⁠ reasons, then never again.

 

[JohnnyDoe]

Looks like you have been victim of tourist traps, or you are cheap.‌
Once? If that one visit lasts 10 years maybe you can say to have⁠ visited Italy.

Of course if your concept of quality of life is night clubs, then⁤ go to Ibiza, no doubt.

 

[karishi]

Holyday, I agree with‍ you. Living, I don't agree. I live in both and definitely prefer living in Spain.⁠ As I said, personal preference, I also prefer Living in Dubai rather than in Italy.⁤ While I would of course prefer Italy to basically any other country except maybe Greece⁣ or France. Basically all of the expats I know who live in Spain would not⁢ want to return to italy, while that % goes down to 50% for Dubai expats︀

 

[Lucas32]

I can only testify and confirm.

I was living in Spain for more than 7 years⁣ and i had a company there, i still have the Tax agency behind me asking⁢ for their money, in Spain you will always feel guilty for doing business and having︀ money, they will treat you like a criminal, + you must declare all your overseas︁ assets every year using the form 720 (Read this) and everything is taxed︂ and sometimes double taxed (buying 2nd hand car)

so basically this country is an Authentic︃ TAX HELL.

Rents are 2-3x. a simple apartment that costs 500e 2 years ago, now︄ is costing 1100e. the situation is unsustainable.

The country is attractive yes, but the reality︅ is different.

God Bless LATAM

 

[Cloudbanck]

Of course Italy hands down. But it used to be that both Italy and Spain were‍ countries that you visited for holidays, but absolutely not became a tax resident in, nor⁠ did any sort of economic activities.

However, now with the Italian inpatriate regime and flat⁤ tax, Italy is surprisingly on paper a tax haven. They still have super difficult bureaucracy⁣ of course, and if they deem you dont meet the criteria they could hit you⁢ with their normal high taxes plus penalties. But maybe it is manageable.

 

[Alonzo]

Are you talking about IEDMT?

 

[Radko]

I live in the︂ Capital of the EUSSR, Spain, and it truly is a Tax inferno, they go to︃ the end of the world to tax you, even the Spanish Supreme court has ruled︄ many of the tax laws ilegal, and the EU has also stopped a few of︅ the Tax laws describing them as abusive.
Luckily I'll be leaving for good soon!

 

[scooterguy]

The quality of life in Spain is amazing, but unfortunately Hacienda is doing everything in‌ their power to make people with money or with some sort of entrepreneurial spirit to‍ go away.