0% tax residency

[jackfrost]

Good to know and yes that would certainly work on the Maltese side.︆ In general i would not worry about the Maltese side too much except for checking︇ that one fact if you have to stay a certain time (no matter which program)︈ to actually get the certificate. Your solution i would certainly believe to work without a︉ problem as being a Maltese resident and seeing how things work here.

I would rather︊ worry about the origin / citizenship IRS in case you are western European. E.g. spending︋ 100 days in Germany, 7 days in Malta under the program will not fly with︌ Germany even if Malta gives you the certificate as they don't care about the foreign︍ tax certificate or 183 days. All just indicators for them.

Would probably also be careful︎ with France etc. In general European flight passenger data sharing etc. Again Malta will not️ check this.

 

[GrumpyMess]

May be they are not asking now, but there are OECD proposals to‌ request them if one resides in a blacklisted country.

it's a good idea,⁢ but unfortunately not everyone has such trusted friends

This creates an interesting︄ situation, there are a lot of treaties, but IRS can just ignore them. If tax︅ certificates are not accepted then the whole concept of paying 25k/y for Malta Residence Programme︆ can be useless. I don't see any benefits of it then, as it's much simpler︇ to rent a flat in Georgia and give it's address to foreign banks.

 

[jackfrost]

They will be accepted and they are a requirement. It is just not that simple.‌ You have to obey the rules of your citizenship / original tax country whatever you‍ want to call it too or any other jurisdiction that you spent time in. Has⁠ nothing to do with Malta or Georgia.

If your citizenship country says e.g. you cannot⁤ be married to a partner in that country then well of course your tax certificate⁣ from whereever in the world does not overwrite that problem. However it is still a⁢ requirement and a very important one. Without that and fulfilling all other rules you are︀ still on the hook in your citizenship country or possible other place of residence.

 

[fmfu]

Hi all, I read a lot of post around but there are so many opinions‌ that everything becomes very unclear.
I already went in a few countries for direct intel‍ and next month I will visit also Dubai and after that I will pull a⁠ card, hope a good one.
If someone can give me other ideas or more info⁤ to help me in my decision I will appreciate.
I am an affiliate of an⁣ adult online platform and I want to find a way to receive my payment.
I dont cut invoices don't own a Co and the platform doesn't specify on invoice nothing⁢ about adult when sending wire, also I live in Eu.
The amount is around 300k/y,︀ I just want a legal way to pay as little as possible, not so long︁ ago it was easy, now we have to change residence and create companies because the︂ new world order made another step to a total controlled world and things will be︃ even shocking in the near future, but looking around me I see a lot of︄ people opening their eyes and refusing to live as slaves, so if they f**k with︅ us then we'll do the same until the end, we pay indirect tax named vat,︆ property taxes, excises, etc, but the income tax is too much and also not legal.︇ Because the gov is nothing more than a mafia clan that goes to a shop︈ and ask for protection tax, if you don't pay...you know the rest. Gov can make︉ a lot more money investing in internal production for export and local sell not sucking︊ normal people pockets all day long. About the private property, don't pay your tax on︋ the property a few years and you'll see who is the real owner of that︌ property. So we live in a fake free illusionary world. In this conditions what will︍ you do reader? Accept their political view and become a mouse or a dog? Bet︎ a million $ that a lot of the new world order puppets are reading also️ a lot of what we little and normal people write here. And preparing other laws‌ accordingly, but I tell them just one thing: If you close a door for us,‍ we'll use the windows or we'll wait until other doors will open MO'FO's! Sorry for⁠ my long composition but I'm in rage mode right now...

 

[JohnLocke]

second that, couldn't agree more 🙂

What's wrong with CCBILL or Verotel to receive the online payments‌ and get them transfered to some local bank account or send them thru Transferwise before‍ they hit your bank account? To find some place to hide your money will be⁠ difficult and expensive if not impossible.

 

[fmfu]

Hello and thanks⁤ for answering, the problem is that I cannot chose as a method what I want,⁣ right now I have only the following methods provided by them to receive the money:⁢ wire transfer or paxum and they told me that can make an extra effort and︀ arrange also with cosmopay if I want, but again... the amount cannot be splited and︁ I read a lot of bad reviews about them, so is a bit risky to︂ chose a payment procesor like them, I read hundred of hours about epassport and first︃ choice, so imagine risking to send all amount to one of them and using a︄ card to take that amount, it will take forever, I also read all sites Term︅ of use and privacy conditions, and they cannot be trusted, not even 60%, my eyes︆ are dizzy after all of this reading sessions, the safest is wire transfer, and is︇ the safest way excluding a bail-in procedure, in the future far or near I smell︈ something fishy. Remember Cyprus and look what is happening around the world and I'm not︉ talking about Brexit, something is coming 100%!!!
Repeat again, I don't want to make something︊ illegal, just to find a legal way to pay as little as possible. But here︋ I must underline something, after the " panama papers officials from all over the world,︌ the ones that make the laws " I also find legal as they did to︍ chose a way like offshore because all of us are humans, and we all are︎ equals in the eye of God, so if they do it, we normal people also️ can....no more coments!

 

[Juoffshore]

[No content provided]

 

[jackfrost]

Any work︄ during your physical presence in Portugal and income derived from that is Portugese sourced income︅ (broadly speaking). If you do remote work does not matter, if you sell stuff online︆ does not matter, if you consult over telephone, remote log etc does not matter -︇ your physical presence is the key not where the work is being done at the︈ receiving end.

A Cyprus company managed by you without proper substance (Portugal is fairly strict︉ on everything) will be considered CFC and you will pay taxes in PT both on︊ corporate and private front depending on setup.

 

[Juoffshore]

FYI Malta︄ is no longer on the blacklist.

Yes, if you want that your foreign company avoid to︌ be taxed in portugal, you have to show that you are not doing any work︍ from there. You need office, manager, staffs, in your offshore company. Be carrefulif you rent︎ an office in portugal it could be considered as a PE and your cyprus company️ could be taxed as a PT company.
I think NHR statut is a good choice‌ if you own a real structure in another Europeean country (where there is a DTA‍ with portugal) with Substance and where you are not involved in the daily management

 

[negon]

You want to hire someone that is able to act as "real" director of the‌ company and who is able to sign contracts, pick up the phone and do tasks‍ on behalf of the foreign company!

 

[GrumpyMess]

That's the exact reason‍ I have created this thread. There are a lot of ways to minimize the corp⁠ tax, but they all are useless if your residence requires you to pay more and⁤ more. In some countries you even can't be safe if you show large income due⁣ to corruption and criminals. And there are so little countries where you can have a⁢ good quality of life and not to pay a half your income for it.

 

[jackfrost]

this and in a very strict way when it comes⁤ to PT. it definitively is not as simple as having a pseudo director somewhere else.⁣

 

[GrumpyMess]

Are there any Europe options with <10% tax left beside of Cyprus and Malta?
Or may be a country where one can have a Belize corp without tax effects and‌ questions asked

 

[Larry]

Romania became even more attractive by raising the⁠ revenue threshold to 1 million euros and abolishing the 20% limit for consulting services. 1%⁤ only applies to 2 or more employees, 2% to 1, 3% to no employee. VAT⁣ is obligatory from 50.000€, application requires office and 10.000€ share capital.

 

[GrumpyMess]

Romania has the great tax rates,⁤ but I simply don't trust poor eastern European countries, especially when company's finance data is⁣ exposed to the public like in case of Romania.

 

[void]

depends which‌ countries are behind your "poor eastern European countries" definition - anyway it's unwise prejudice in‍ general

 

[AND2]

Andorra is interesting. But mileage will vary wildly⁠ depending on your tax res. and any double taxation agreements etc

 

[Travelasia]

i found thailand is the best place to do it. im not an expert of‌ course.

 

[Mad Dog]

Cyprus, 5000 Euro a year, rest is free..... and EU. Forget ANdorra, 10% and gotta‌ speak the lingo. Malta or Cyprus or Ireland for the tax haven EU, or the‍ usual 0% UAE/BVI/Bahamas etc......... depending on biz requirements.

 

[GrumpyMess]

Do you mean Malta? Cyprus hasn't such scheme