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It all depends what you want. I like staying on places for a while and travel slowly.

Yes you are right. But the covid-19 has created a new class of Digital nomads. People with good jobs working from home or somewhere on the planet. Plus there are plenty of rich PTs to target.

More countries joining the DN visa. Hungary program called White Card Minimum income 2000 euros Valid 1 year plus extension of 1 year Latvia 1 year plus extension 1 year Income 2.5 average Latvian income

You also have to be built for island life. This is a hectic, potholed, dusty island with 450k people on a tiny sandstone rock. I considered Ireland after the GFC in 2010. Property was so cheap, should have done it.

Brazil has launched a Digital Nomad Visa. Valid for 12 months, can be extended another 12 Months Minimum income requirements $1500 per month or show bank statement with more than $18,000 Health insurance required Brazil Tax Situation for digital nomads unknown yet.

I am in Andorra visiting for a bit. Rumours are that the requirements for Andorra passive residency will go up pretty soon from 400k euros to 700k euros investment.

I hope that is a one off. Deposit stealing happens almost in every country, but when you want to leave. But ripping you of as you just arrived is new to me. Hope it all works out.

Please stay on topic. All this COVID and vaccine talk has nothing to do with low tax countries in Europe.

Initially, I went with the idea of English speaking, lots of sunshine, med life, zero tax for non-doms etc. This was 2008 and a got a bargain on a house with a large swimming pool. The first year was all right, every town has its own saint and own festa. This festa consists of loud explosions...

I have lived there for 3 years. It has 450,000 people and is in the top 5 countries in the world of population density. Throw in that it has very high car ownership. Almost every inch is developed and not to nice standards. Where it is a bit rural, hunters will shoot every bird, protected or not...

That is a much better option than Cyprus. The UK is super competitive in incorporation services and accounting.

Good luck with those prices and bank account setup.

Yes, Micro company sucks for trading. In Romania, you can trade on a personal account and you will only pay capital gains at 10%. You keep your non-trading activities in a Micro company, everybody wins. But you will have to establish tax residency in Romania. I personally prefer that over Malta...

Something does not add up to me. You are having high expense levels plus expensive holding setup plus compliance, banks etc. You must anticipate turnovers of more than 1 million. Otherwise what are you doing it for. It is the business model that might bankrupt you more than Romanian taxes. The...

I am European but have lived in the anglosphere for half my life. So to summarize if you entertain the Romanian micro company setup you have a business with a limit of 1 million euro turnover. This works well up to a 76.5% expense level. Even at a 95% expense level, the tax on profits would only...

I have used the power of excel, to see where the breaking point is that a Hungarian company gets cheaper than a Single Romanian Company. I have excluded the social cost for minimum wage in Romania, but I have also excluded the expensive setup of holding company structure to extract the Divi at...

The Romanian 1% tax is on turnover. The 5% Divi tax is on profits as you can offset costs. Depending on your business model and profit margins there is a point to be made for Hungary and its fixed 9%. In Hungary to get 0% withholding tax on Divi you need to pay it to a non resident.

You are wrong here. Dividend is not a turnover tax. It is an amount you pay after you have taken all costs out. You will see Romania tax to be 6.5 to 7.5% . It cheaper than Hungary. Plus Hungary has 9% corp tax plus local business tax of up to 2%.

Slowly but surely more countries are working on DN visas. Here are some countries working on it or having implemented it: Montenegro - Montenegro Digital Nomad Visa in Early 2022: Jan de Jong Grenada - Grenada to launch digital nomad programme | Loop St. Lucia St Lucia - LiveIt | Saint Lucia...

I got to love the community spirit here on this forum. Thanks for the quick update I had not found yet. I think it is good to keep continuity in rules with regards to business and it is great that the proposed threshold changes have been ditched. I want to build substance in Romania but with...