Registering as tax payer in low tax jurisdiction, options for EU member?

[Educate]

So let us say an EU member has big risks of eventual CRS crackdown in the respective country.

High unreported sums in stocks, EMIs, overseas brokers, etc...all of this will come cracking down soon with sharing of info according to CRS.

Is the last option just to get out of country? Register as tax payer in some low tax country like Cyprus or Netherlands and sign out as tax payer from national tax agency?

Would this work?

And if yes, which jurisdictions could you recommend?

 

[KJK]

I'm interested in this as well, I think many people are in similar situation from this year. Which country are you from?

 

[Educate]

EU country.

 

[GCE]

I wouldn't pick Netherlands for tax residency.
Cyprus, Malta, Portugal are good countries to transfer your residence into.

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Bulgarian Company Formation | Starting at 160 EUR | GCE

 

[Educate]

Why Cyprus, Malta and Portugal in particular?

What are the tax rates for those countries?

 

[KJK]

Educate said:
EU country.
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EU is not a country, and it's important to know. Because some countries won't simply let you go and change residency by you just claiming it, only after e.g. 3 years or so.
Other countries will allow you to do it but they will require some proof. And yet other countries will allow you to do it with no questions asked.

It is really important because EU is not a country and you can get into trouble.

 

[Educate]

I don't want to reveal country. Country is within EU.

 

[KJK]

Depends on your specific EU country. In some countries this will not work, in some it will.

 

[Martin Everson]

You can pick from at least the below EU countries. All have territorial tax programs for non-citizens. You can pick one based on your lifestyle, budget and native language choice.

Malta
UK
Ireland
France
Netherlands
Italy
Portugal


Being these are all EU countries movement into these countries from other EU countries and benefiting from a territorial tax program is an easy win. if you wish to live absolutely tax free in the EU that is possible also and can be achieved easily. I have helped many people relocate easily and quickly. Most had not previously had their tax affairs in order and needed s fresh start in a new 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.

 

[negon]

Educate said:
I don't want to reveal country. Country is within EU.
Click to expand...

it's difficult for someone to guide you if you don't want to let us know which country you are from!