Centre of Vital Interests

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@Nomado
and to an extend real estate ownership, specially if it generates some income
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in some countries you must not own a real estate that is not rented out.
i am aware of this concept.
i am not aware of concept where they would try to make you a resident in case you do rent the real estate (and pay applicable tax)

so, as HNWI you have multiple vacation homes in different countries (as an investment), does that mean those countries can try to tax you due to owning that real estate?

@JohnnyDoe and I had this discussion few years ago, and he stated that you can own a real estate without any risk of being claimed as tax resident.
JohnyDoe, what do you think now?
If you own some houses/apartments in a country, where you have citizenship(but never lived there, or officially signed out), is that a risk (lets consider Europe)?
Does anything change if you rent those properties during season (lets say it is vacation property, which you rent during summer through an agency, and pay applicable tax)?
 
sergeylim88 said:
@JohnnyDoe and I had this discussion few years ago, and he stated that you can own a real estate without any risk of being claimed as tax resident.
JohnyDoe, what do you think now?
If you own some houses/apartments in a country, where you have citizenship(but never lived there, or officially signed out), is that a risk (lets consider Europe)?
Does anything change if you rent those properties during season (lets say it is vacation property, which you rent during summer through an agency, and pay applicable tax)?
Click to expand...
Nothing has changed but the hunger of the states for money. So it's better to take extra precautions and own the property through a foreign company.

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yeah, i figured it is the best to own a Cyprus holding that will own real estate in EU.
Is there any better way?
 
does US LLC have the right to own a real estate in EU, directly without company opened in country where property is located?
what's wrong with CY?
 
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