Legal to have multiple residents in EU countries?
- Thread starter lonizzita
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No.
The correct answer is “It depends.”
I think at least Belgium and the Netherlands are quite strict and require residents to spend substantial time in the country. Other countries don't care.
Tax residency rules are again different from that, but probably won't matter much because of tax treaties between EU countries. Be prepared for a lot of bureaucracy though.
well, now i have open bank account problems.
if I open the bank account with a type of residence and then change it would it be right?
I think once the account is opened the bank is more tolerant and it would be an idea for all those people who can't open accounts
for the bureaucratic part I should only be worried about the bank a the end year in which country it communicates otherwise nobody will know
The bank's requirement often doesn't match tax residence or legal residence. As @JustAnotherNomad says it varies a lot. Banks in some countries just want a utility bill, some want to see legal residence or a rental contract, some don't care. The latter is not common in the EU though.
Last edited: Jul 30, 2020
Last edited: Jul 30, 2020
Might also depend on purpose ie conducting business, access retirement benefits, also if it is permanent or temporary. Been my experience, noone cares about temporary residency with departure date, still useful for banking purposes.
You can but it is better to have just one residence.
Having multiples tax residences means that multiples countries could ask you to pay taxes.
In fact, the main issue that people try to solve in order to cut down taxes with a new tax residence is exactly that they have to find ways to avoid to be considered tax resident of the country they dont want to be taxed and to be considered tax resident only in the other (low taxation) country.
can a US llc own property in Europe then?
I am in europe but I saw how in us they open a new llc for each property , then all are under a mother LLC
I am in europe but I saw how in us they open a new llc for each property , then all are under a mother LLC
That's also something that people do in Europe.
Whether a US LLC can buy property would depend on the specific country. I guess some countries might allow it, while others won't. If you use a UK Ltd. instead of a US LLC, it would probably work, at least as long as the UK hasn't left the EU.
Whether a US LLC can buy property would depend on the specific country. I guess some countries might allow it, while others won't. If you use a UK Ltd. instead of a US LLC, it would probably work, at least as long as the UK hasn't left the EU.
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