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Part of my activity is sports betting, I've read that betting in non-licensed sportsbooks by Cyprus is not allowed.

Need to check it back, I thought it was 15k$, if it's 'only' 5k much better

Hello, I am currently trying the digital nomad lifestyle living in different countries. I was interested in knowing which are the best options for tax residency as a DN that require less than 183 days of residence. Basically I wouldn't mind living 2 or 3 months in a country and having a...

Curious about Cyprus asking you for boarding passes and bank statements. If it's not too much to ask, did you simply not spend 60 days in Cyprus, or did you spend over 183 in Spain?

Same here. I was thinking about going to Cyprus but maybe it wont work due to my activity

Honest question: do you dislike Cyprus that much as to not want to spend 2 months there? I'm thinking of moving there next year, to be honest Cyprus seems like the best deal to get a low effort tax residency: only two months residency in a sunny place with beaches. Only downside is that you...

Thanks for the answer. Even if you could 'get away' with it I would probably not do it. I feel like at some point it's not worth the possible fines (or even legal consequences) of not paying your taxes. By passive income would it be considered capital gains from stocks? I guess sports betting...

Yeah that's the 'bad' part about Panama. I think it'd be a really cool place to stay if the requirement was only 90 days. Plus getting the residency right now is not as easy as a few years ago.

About Panama I know many foreigners who've lived there for years without paying taxes on foreign sourced income despite doing the work from Panama and so far they haven't had issues. Apart from that I believe capital gains from foreign companies are not taxed (it is specified like this in the...

Basically this: it depends a lot on your level of income and your country of citizenship. If you are from a country with low tax enforcement and you barely visit it you will probably get away with it as long as you live under the radar. When you have a certain level of income it is simply NOT...

Yeah maybe not, but for me one or two years on a nomad 'cheap' visa is good enough to try and see if I would actually like the country as a long term option

I'm personally looking at the Digital Nomad Visa for Malaysia. You can get 1 year and another year extension and it's quite cheap (I think the fee is like 500 RM). I'll contact an inmigration lawyer since I could be interested for next year. It's not a permanent residency option but you can get...

Yes I am renting. Rents have become very expensive this past year but I was able to get a good deal on where I am now. I would like to move but yeah it's simply not worth it given how expensive rents are now.

True, it is annoying that you have to pay a 10% tax on stocks as a company but not on your own name. I think it's still a better alternative than to buy overvalued Andorran real estate. The other alternative to get a bank product doesn't seem to good either. You seem to know quite a bit, you...

That's the theory yes, but in my opinion it's best not to give them reasons to look into you, and in the worst case that you have to go trial over taxes to have a VERY clear advantage to argue that you owe taxes to other countries instead of Spain. Idk maybe I'm paranoid but the stories you...

I'm planning to do something similar to this, I'm spanish, been living in Andorra for some years and now changing to passive residence. My plan is to live ~120 days in Andorra and travel the rest of the year. I will spend the least amount of time in Spain as possible though, less than 60...

As a spanish citizen who moved abroad I'm unsure about them being on their way out, the other major party's candidate (PP) is completely uncharismatic, just an old guy which I havent heard anything of for the past year. The other right-party is VOX but they're too conservative to get a major %...

Nice, whenever you have the answer be sure to update! It looks like we're looking for something similar: I've been making money trading/investing for the past few years and looking to move somewhere low tax/tax free. I looked into the elite visa a few months ago and I had the same doubts: given...

I dont think there's a difference in the process for Spanish or EU citizens, I know many french/british guys living here

Hei Raoul, greetings from another fellow Spaniard who escaped from Hacienda's claws haha. Have you considered Andorra? Given that you don't want to be far away from your family I think it could be a nice place. I am currently living here but I'm considering leaving, it's a bit boring for me but...