Spain double tax

[Cari]

Hi!

Spain determines a tax resident as anyone who has economic interests in Spain.
Thus, if you have business in Spain and it is impossible to relocate it to the other country, the main source of income will be in Spain.
What is the best country to relocate in this case?
If for example I relocate to Panama or Cyprus, how my income will be taxed: dividends, crypto etc?
I will still have to pay everything in Spain at the tax rate of a resident or non-resident rate?

 

[Martin Everson]

Evi said:
What is the best country to relocate in this case?
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Relocate what to? Yourself or your business.

Evi said:
If for example I relocate to Panama or Cyprus, how my income will be taxed: dividends, crypto etc?
Click to expand...

Spain has exit taxation so depending on your personal financial situation and how long you have been in Spain you may be taxed on the way out. I discussed this in other threads. Moving to a low tax country should not just be a decision based on tax but on access to good banking and financial services etc which is not often possible when resident in certain countries (I know this first hand sadly).

Evi said:
I will still have to pay everything in Spain at the tax rate of a resident or non-resident rate?
Click to expand...

Depends on many factors including DTA between Spain and other country.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Xshore]

Evi said:
Spain determines a tax resident as anyone who has economic interests in Spain.
Click to expand...

I don't think this is correct, they write having your "main base or centre of activities or economic interests", I read it as main base (...) of economic interest. So if you live in another country and have that other country as your main base of economic interest then you can still have a company in Spain without being personally tax resident there.

 

[Cari]

Martin Everson said:
Relocate what to? Yourself or your business.



Spain has exit taxation so depending on your personal financial situation and how long you have been in Spain you may be taxed on the way out. I discussed this in other threads. Moving to a low tax country should not just be a decision based on tax but on access to good banking and financial services etc which is not often possible when resident in certain countries (I know this first hand sadly).



Depends on many factors including DTA between Spain and other country.
Click to expand...

could you please share the threads where you discussed Spain exit tax?

 

[Martin Everson]

Evi said:
could you please share the threads where you discussed Spain exit tax?
Click to expand...

Sure...

https://www.offshorecorptalk.com/th...iable-for-tax-after-i-leave.35755/post-194777
Source....

https://spainadvisers.com/exit-tax-spain/

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.