What country would you choose to relocate to avoid taxes?
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Hey Sols, I appreciate your insight and I have learned a lot from you. Thank you for that. When you say:
you mean long-term capital gains of 15%-20% depending on the tax bracket, correct?
you mean long-term capital gains of 15%-20% depending on the tax bracket, correct?
Antigua with Digital Nomad Visa looks good.
Only caveat I can see is they don’t offer tax certificate but if you live there +183 days you would automatically become tax resident.
Only caveat I can see is they don’t offer tax certificate but if you live there +183 days you would automatically become tax resident.
spot on. Switzerland is very expensive by any means and standards 😉.
If you can get the lump sum tax deal prepared for you by a good lawyer, it can be worth it as you get also very nice privacy with it and depending on how much you make, it can be a very low tax rate. Also people are very reserved so they will not bother you much.
If you can get the lump sum tax deal prepared for you by a good lawyer, it can be worth it as you get also very nice privacy with it and depending on how much you make, it can be a very low tax rate. Also people are very reserved so they will not bother you much.
So if I have two (fully legal and non-fake or some bulls**t like that) passports - could I remain in Dubai 365 days and just move in and out with another passport and have the 1st passport count towards residence?
Well, technically I would be doing just that. I will wait for hard info so far.
Anyways, regarding the main thread, UAE seems to be a winner here for people who are building substantial businesses. I also liked the BUdapest suggestion, I know the city myself and believe me, there is a much higher supercar density than in some rich metropolises in Western Europe, so there's that. Business savvy︀ will always find a way.
I can second the Croatia suggestion - I met a︁ Canadian business owner in 2018 who moved his operation over from Guatemala (no kidding -︂ he was there for a whopping 8 years) who moved to Croatia for(then unspecified) advantageous︃ reasons. I guess we have that covered in this thread.
This leads to a question:︄ is there any optimal set up for individuals who have not yet decided where to︅ base their main operation because they have not yet identified that operation and only seek︆ a way to minimize overhead for freelance operations?
Anyways, regarding the main thread, UAE seems to be a winner here for people who are building substantial businesses. I also liked the BUdapest suggestion, I know the city myself and believe me, there is a much higher supercar density than in some rich metropolises in Western Europe, so there's that. Business savvy︀ will always find a way.
I can second the Croatia suggestion - I met a︁ Canadian business owner in 2018 who moved his operation over from Guatemala (no kidding -︂ he was there for a whopping 8 years) who moved to Croatia for(then unspecified) advantageous︃ reasons. I guess we have that covered in this thread.
This leads to a question:︄ is there any optimal set up for individuals who have not yet decided where to︅ base their main operation because they have not yet identified that operation and only seek︆ a way to minimize overhead for freelance operations?
What country would you suggest for someone that want a secure place to live but want to reduce taxes to a minimum?
Switzerland seems to me still to be valid same for Lichtenstein and Luxembourg or am I totally wrong?
Switzerland seems to me still to be valid same for Lichtenstein and Luxembourg or am I totally wrong?
Switzerland as its best combo for taxes/secure/quality of life.
Luxembourg/Liechtenstein -- very small and if you are younger maybe not best place.
Monaco also quite nice if you can do the min requirements -- good quality of life and South of France good climate -- city of Nice close.
Andorra also low taxes (10% flat), very secure, but also very︀ remote (if you love hiking, calm, nature, snow then maybe).
Depends on what you want︁ to do and whats important for you in the country of your residence.
Luxembourg/Liechtenstein -- very small and if you are younger maybe not best place.
Monaco also quite nice if you can do the min requirements -- good quality of life and South of France good climate -- city of Nice close.
Andorra also low taxes (10% flat), very secure, but also very︀ remote (if you love hiking, calm, nature, snow then maybe).
Depends on what you want︁ to do and whats important for you in the country of your residence.
70k Lump sum -- depends if you are EU citizen or not.
As EU citizen for example also different other possibilities to get Swiss residency without lump sum tax..
Liechtenstein/Lux/Monaco also depends if you are EU citizen or not
As EU citizen for example also different other possibilities to get Swiss residency without lump sum tax..
Liechtenstein/Lux/Monaco also depends if you are EU citizen or not
Hi,
I dont know if you checked the income tax rates in CH for Zug, Schwyz etc --- depending how much people make, the tax income tax rate may still be much more favorable compared to other countries.
Also the type of income would be important.
Monaco is favorable for high income earners but costs are also higher which may for most people make it less interesting
I dont know if you checked the income tax rates in CH for Zug, Schwyz etc --- depending how much people make, the tax income tax rate may still be much more favorable compared to other countries.
Also the type of income would be important.
Monaco is favorable for high income earners but costs are also higher which may for most people make it less interesting
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