Tax strategies for 2024, new game?
- Thread starter pieceofmind
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Thailand is still very much a good solution. Build wealth whilst residing in, control your expenses so your remittance taxes are low - then head where ever you like and invest the wealth built into the rest of your life be it property at home or other.
What’s it like these days? When I was residing there there was constant gang killings in the evenings
What’s it like these days? When I was residing there there was constant gang killings in the evenings
I wouldn't do either.
Pretty good actually. Depends where you live as Bahamas is a collection of over 2,000 islands and islets. You will find crime in some of the populated areas outside gated communities.
Pretty good actually. Depends where you live as Bahamas is a collection of over 2,000 islands and islets. You will find crime in some of the populated areas outside gated communities.
100% wtf right these days. I pay tax and still got fucked over by the state - so i made a promise never to pay one cent ever again -
go to the north?
go to the north?
Agreed. More than happy to pay tax. Even up to 25-30% as long as the money as well spent.
The problem is the people spending our money are so beyond incompetent that the only logical conclusion is that they are attacking/subverting us with our own money.
The problem is the people spending our money are so beyond incompetent that the only logical conclusion is that they are attacking/subverting us with our own money.
Having just moved︄ to Cyprus, I can say that Cyprus is big enough that I don't feel constrained︅ here. I think the true feeling of living on an island comes from living on︆ SMALL islands. There are multiple cities here, all within a short driving distance, each with︇ their own flavour and character and each big enough that they have enough stuff to︈ do. In my previous country, I did not drive further than I do in my︉ new country, and I took a plane to do most of my travelling anyway.
Congrats with your new life. I was wondering︀ how long it took you to find something well to live in and do you︁ rent or buy?
Cyprus is OK
It has all the pros of a proper tax base including very reasonable taxation both on corp and personal level, non-dom, local laws are reminiscent of English law, food, nature and climate are OK, there are some proper schools and some entertainment.
It also has all the cons of a tax heaven including overpriced property market and terrible building quality, high prices on almost everything due to export, general laziness and low qualification of government services and tradesmen, exhausted healthcare and education and a constant construction.
It's also one of the few places where you can stay all year long and don't get washed away by a hurricane of suffocated to death by desert.
I am still︀ considering Cyprus as my "plan B" tbh.
It has all the pros of a proper tax base including very reasonable taxation both on corp and personal level, non-dom, local laws are reminiscent of English law, food, nature and climate are OK, there are some proper schools and some entertainment.
It also has all the cons of a tax heaven including overpriced property market and terrible building quality, high prices on almost everything due to export, general laziness and low qualification of government services and tradesmen, exhausted healthcare and education and a constant construction.
It's also one of the few places where you can stay all year long and don't get washed away by a hurricane of suffocated to death by desert.
I am still︀ considering Cyprus as my "plan B" tbh.
I rent - I used bazaraki which is an all-purpose classified ads site. Didn't take long to find a rental
I'm in Nicosia, the capital.
Everything is being done through a firm I hired. Took a few weeks to set up a corporation. I haven't had any personal experience with the bureaucracy yet outside of arranging utilities for my place, which wasn't too arduous.
What more do you know︈ about the healthcare here? I had to go to the emergency room bc I fell︉ off my motorbike and cut my hand on the road. I also needed an xray︊ to rule out a fracture. The first 'private' hospital I went to, they told me︋ I would wait 2.5 hrs to be seen bc they were seeing GESY (public system)︌ patients along with privates. I took a taxi to another private hospital and was seen︍ immediately. The place was empty on a Thursday afternoon. I was not impressed with the︎ skills of the emerg doc or of the orthopedic surgeon.
Every place has its drawbacks obviously. The pros︂ of Cyprus for me were:
-english is spoken enough that it just makes everything much︃ easier. You can make friends with the locals.
-I've found the locals to be quite︄ friendly and welcoming
-corp tax 12.5% - gov very easygoing with deductions from what my︅ accountant tells me
-non-dom program for 17 yrs
-if you become the director of a︆ company, you only have to spend 60 days here as long as you don't become︇ tax resident elsewhere, so if you find it tedious, you can go live in 2︈ other countries for 5 months each. Nicosia is 40-44 degrees in the summer so leaving︉ is not such a bad idea although you can just go to Ayia Napa like︊ the locals do.
I'm in Nicosia, the capital.
Everything is being done through a firm I hired. Took a few weeks to set up a corporation. I haven't had any personal experience with the bureaucracy yet outside of arranging utilities for my place, which wasn't too arduous.
What more do you know︈ about the healthcare here? I had to go to the emergency room bc I fell︉ off my motorbike and cut my hand on the road. I also needed an xray︊ to rule out a fracture. The first 'private' hospital I went to, they told me︋ I would wait 2.5 hrs to be seen bc they were seeing GESY (public system)︌ patients along with privates. I took a taxi to another private hospital and was seen︍ immediately. The place was empty on a Thursday afternoon. I was not impressed with the︎ skills of the emerg doc or of the orthopedic surgeon.
Every place has its drawbacks obviously. The pros︂ of Cyprus for me were:
-english is spoken enough that it just makes everything much︃ easier. You can make friends with the locals.
-I've found the locals to be quite︄ friendly and welcoming
-corp tax 12.5% - gov very easygoing with deductions from what my︅ accountant tells me
-non-dom program for 17 yrs
-if you become the director of a︆ company, you only have to spend 60 days here as long as you don't become︇ tax resident elsewhere, so if you find it tedious, you can go live in 2︈ other countries for 5 months each. Nicosia is 40-44 degrees in the summer so leaving︉ is not such a bad idea although you can just go to Ayia Napa like︊ the locals do.
It's like the worst of British NHS and a typical︁ southern healthcare system - they both make you wait for ages and then treat everything︂ with ibuprofen and at the same time it's full of bored retirees who have nothing︃ better to do than spending time in the hospital.
Never used ER, so have nothing︄ to say.
Exactly, it's not a bad place overall. It's just not a "hidden︎ gem", it's overcrowded, overpriced and full of Russians nowadays. But it ticks most of the️ boxes of a proper tax base/family place so it's on my list.
Never used ER, so have nothing︄ to say.
Exactly, it's not a bad place overall. It's just not a "hidden︎ gem", it's overcrowded, overpriced and full of Russians nowadays. But it ticks most of the️ boxes of a proper tax base/family place so it's on my list.
It’s the same where I live. The retirees and even many younger people (especially women) are bored and think that doctors are their best friends. When they don't know what to do, they invent some kind of illness, filling up doctors' offices and hospitals! When someone who is truly sick comes in, there are long waiting times.
That's why a small co-payment should be introduced︀ for everyone. It doesn’t have to be much, but just a little would be enough︁ to make the retirees think twice.
That's why a small co-payment should be introduced︀ for everyone. It doesn’t have to be much, but just a little would be enough︁ to make the retirees think twice.
Campione d’Italia any info? - there are some good places discussed here, I mentioned a few jurisdictions we considered.
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