Recent content by Eurocash

Yeah I get that, but the reason for seeking a second opinion was not so that I could get an answer I preferred, it was because the initial advice sounded dubious. I'll maybe look for a tie-breaker opinion!

Spoke to another firm today based in Malta, and they have confirmed that there is no such requirement at the level of 300k Euros, and that it is handled on a case by case basis, and that 200k Euros cash (or thereabouts) would be sufficient in almost all cases

You're 100% right re: tax, it doesn't really make sense to earn less than 100,000 if living in Malta. I got to the bottom of the net worth "requirement" tho.... The person I spoke to said the €300k net worth was not a requirement enshrined in law, instead, it is just what he has seen in...

You're thinking of the passport scheme - this is totally different

I won't name names but one of the main law firms in Malta are telling me that I require to be able to demonstrate a net worth of €300,000 in order to qualify for the global residency program. I have never heard of this requirement before. I know there are different requirements for the...

Thanks for the response. Yes, using the capital I bring here is obviously not taxable, and anything I put into a company as a loan can theoretically be removed again tax free if required as long as there aren't other reasons why this would not be appropriate i.e. preference issues if company was...

So, under the advice of a tax specialist from a respected firm, I have left the UK within 16 days of the new tax year starting. A couple of users actually suggested this to me in a previous thread so, thank you to those users too. I am now in Ireland, where we know the following: -...

Yes, you are correct. It would not be subject to CGT. Current plan is simply to move to Malta and pay 5% effective rate tax on trading income over there

Bear in mind this corporate capital gains, not my personal tax. I have enough cash to live without taking any income for at least 12 months or however long it takes to establish tax residency in a lower tax jurisdiction. I would be likely to apply for the global residency program, 15% personal...

I don't think I'm able to DM you, could you send me a message?

There's a 4 legged reason I can't go to the UAE otherwise I'd be on the next flight out. I can get to Malta or Cyprus via plane with my dog without it costing an obscene amount

Really appreciate your response. Definitely gets some thoughts going. Your point about not structuring it in Malta makes sense as if I want to move to Malta, I need the transaction to happen outside of Malta otherwise I'd be in a very similar situation as I am in the UK if it was treated as...

Thanks for the response I'll ping you a message shortly

Please see my response a couple of messages above, I forgot to reply directly. Not looking for an argument, genuinely looking to weigh up the possibilities. Just to be clear, it's only this upcoming transaction I'm talking about. I know CGT will be paid on the house sale if I do that

The website can be bought by any new entity I form, yes. The seller does not care about this. Regarding my property, just to be clear, I'm fully accepting of paying CGT on that, I was more alluding to the fact that I am willing to leave the jurisdiction fully and not retain property