Search results

Are you entirely sure PEM does not apply? As far as I know, for example Spain, does check this. To the extent they event track across mainland provinces which may be some % less than others... Does PT not control this? Would be surprising to me, since afaik PT is sort of "I don't wanna look"...

Problem is the PEM as far as I know: place of effective management. Aren't you into more risks with a Madeira company than with an offshore company? I mean Madeira is 5% on the "Zona Franca", which is better than Azores. Anyhow, the issue is that you get dividend witholding tax, which you...

Problem I see with Gozo is that it is far too small. I prefer to be on the Malta island (if price is reasonable), so if wanna move just a bus or taxi is needed, not a boat. I was thinking of a non MT company (therefore CY or Estonia or whatever)... Since a MT company looks more like it would...

Pretty much because the idea would be to live outside of that mega crowded places for a more "quieter" day to day, even if want to come on weekends or curtains day to the "crowd". Probably Rabat, which is near to Medina. Seems a much "enjoyable" sort of village day to day (already went there...

The new IFICI is different than the old NHR. I don't know if you are talking about the new NHR 2.0 (which is called IFICI) or the old NHR 1.0 (which was never called IFICI by the way). My guess is you are talking about the old one. The new one has been just passed out and first requests have...

Afaik, living in Malta without a car isn't a great idea. I have been there, and the public transport is pretty much non-existent. The alternative is ofc, Uber and so on, but I always value the freedom of your own car. Maybe a sort of this structure would make sense? Person US LLC A Holding US...

So how would you incorporate? With a virtual office? Don't the PT Tax Authorities check for this? Also, if you are a sole proprietor and your residency is in mainland Portugal, wouldn't it trigger anything? This was exactly the alternatives I was looking into before making the decision of...

Even at the discount of the islands, which is ofc great, mainland Portugal is more attractive to me because I can get in and out by car by myself whenever I want. Regarding Social Security, it is a key part. I think putting a low salary as manager of the Limited is the best way to avoid a huge...

Understood. I just found some articles where I found that VTZ no longer works if you don't live in Georgia, therefore it is automatically discarded. Thanks for pointing it out! Seems like the PT company (for IFICI) + LLC is the most reasonable option given the constraints and current income...

Thanks again. Do the VTZ in Georgia make any more sense than the US LLC? (In the sense it may be safer since dividends are taxed at a 5% if I am right). I don't mind paying a bit extra if safer. I think the court cases which recognize the LLCs are focused for "partners" not sole owners? Would I...

Thanks Marzio. Didn't know about the new double tax treaty with Gibraltar, but since I found this (non-cooperative/blacklisted jurisdictions), thought it was still an issue: https://sede.agenciatributaria.gob....es/anexos/jurisdicciones-no-cooperativas.html Any tax lawyer you could recommend...

Thanks for the great idea. There is a catch however: for Spanish taxpayers, the Spanish Hacienda has Gibraltar in the blacklist, which means they will consider you a Spanish taxpayer for the next 4 years. Which basically means the Gibraltar setup could be suitable after being in Portugal or...

This is the reason I am looking for a structure. If I put everything through personal income on NHR, given my current income, I would be near to 27.200€ per year summing Social Security + Personal Income Tax. Which is a 34% rate. Not attractive at all

This is a great point. Also, this is why I clarified my end goal was not to live 3 months in Malta, 3 months in Portugal, 3 months in Andorra and 3 months in Spain. I would just want to live enough days in Portugal or whatever, and the rest be free to visit Spain, or whatever the country. It...

Hi mate. Are you also coming from Spain as well? Similar income level? Similar profession? Hopefully we can find a solution together!! Precisely I found 2 issues about Andorra: 1) Few young people (mostly couples >35/40), since most people get out of the country for studying and stays abroad...

Understood. Basically have an story, and if you want to proof that you live out of Spain, you would need certificates/tickets of going in and out of the country, and probably proof of being in other countries is also good, to make that PY certificate to work. I think this approach mainly focus...

Thanks for your idea, but my idea is to move to 1 country and don't keep on moving across the other 3. My end goal is not to live in Portugal, Malta or Andorra. They are means, not ultimate goals by themselves. I am looking for a residence where I can truly live, visit Spain from time to time...

Hi Marzio: Thanks for the message again. Maybe I was not clear, yes, I am willing to leave Spain, but I want to be near to, so I can come back whenever I want to, and even better if I can do it by car (hence Portugal and Andorra). Of course, this is the reason why I am looking into moving...

Thanks for your reply. I am willing to take some risks (I mean, I think I have no choice on my situation?), but somewhat "controlled". The Spain + US LLC combo is one of the first alternatives I studied, but anyways, it implies moving abroad further down the line, and means you can't invest...

Thanks for your headsup, 100% useful! I mean, if there is any alternative, outside Spain, coming back to PT, MT, AD; that could make sense paired with actual income level and my plans to use the money. All in all, if there is no other choice, I will have to recheck my mind to use the RIC and...