Best combination of high quality of life, entrepreneurial freedom and low taxes

[Marzio]

Not that great if you did deeper‌ in Labuan company requireents.

In any case i agree Malaysia could be a great option‍ when they will reintroduce their MM2H program.

 

[stevy777]

When i read your requirements, i thought Philippines.

Zero Tax for foreigners. Great people. Easy‌ immigration. Nice climate. Cheap luxury living.

 

[Marzio]

Source: Average Weather in Cebu City, Philippines, Year‌ Round - Weather Spark

 

[Marzio]

As you've been told there's no place in the world that fits all the requirements.‌

You can't be near to family and have subtropical climate with low tax.

You have‍ to give up something so next question is: what are you willing to give up?⁠

- climate?
- low taxation?
- being near to family?

if you are willing to⁤ give up the climate part you are looking for southern part of Switzerland like Lugano.

Low taxes, very high quality of life, high safety, high privacy, high stability, high⁣ personal freedom, entrepreneurial mindset, best banking sector in the world. No CFC rules. The proximity⁢ to Italy and Milan gives you a lot of options. Cost of living could be︀ high but imho is the best place where somebody could settle while being literally in︁ the center of EU.

If you want to escape colder months you simply go to︂ Miami for 3-4 months.

Another option could be Cascais in Portugal. It's where the rich︃ retired in Portugal. it's only a 30min drive from Lisbon so plenty of options there.︄ I put this in second position because the NHR program is time limited (which means︅ you will have to move again) and somehat complex.

If you care more about the︆ climate and you also want to minimize taxes wait until the MM2H program will reopen.︇

If you care more more about the climate and don't care too much about minimizing︈ taxes go for Florida.

 

[FixieHartmann]

Thanks a lot for taking the︊ time to write this reply. I think it summarizes my situation and the tradeoffs very︋ well.

I’ve been to Switzerland and while the quality of life is very high, the︌ climate definitely is the biggest downside. I’ve also been to Portugal, so next I’ll spend︍ some extended time in KL and then decide.

However, given everything that has been posted︎ here, I think I’d still tend to compromise on taxation and not climate and go️ with Florida, if I can get a visa. But, let’s see where life will lead‌ me to.

 

[JimBeam]

The way you put it - it knd of reminds me of this





Cyprus has‌ about everything except it's an island.

Have you considered Romania?

It's been discussed here many‍ times...
A micro-company will cost you 1% - 3% on the income (not profit!).
Main city is roughly 2M people. Not English but that won't be that of an issue⁠ I guess...
Cheap place to live and you can easily move across Europe.

 

[Paul77]

Romania? He would be better of in KL or Miami or even the Bahamas and‌ Dominican Republic compared to that shithole. But the micro-company setup is something I like and‍ is nice to see. Maybe one day Romania would rise up in to a better⁠ light, but just forget any post soviet country and specially those full of gypsies. I⁤ know what I am talking about.

 

[FixieHartmann]

😀 I’ve never been to⁣ Romania but would never have thought that someone would say that it is worse than⁢ Dominican Republic in terms of shitholiness..

 

[Paul77]

Believe me it is in at least half of the country, not all of Romania⁠ ofcourse but majority is like I said. When you see how many tourists visit each⁤ year the caribbean island and find it beautiful and then look at Romania, you will⁣ find out the difference. Just if he compares cities like Miami or Kuala Lumpur and⁢ than someone suggests Romania for him, it is a very very bad idea. I would︀ do my business in Florida and live in a great place and pay more taxes︁ rather than spend time in shitholes saving on taxes for suffering many other problems you︂ can´t even imagine if you are not born in Romania, Bulgaria and the Balkans.

 

[daxbr]

The biggest problems with‍ the Philippines is not the hot weather but natural disasters that the country is not⁠ prepared for Lived thru 3 typhoons, 2 earthquakes, 1 volcano eruption and ash fall then⁤ lahar flood. Last one strictly man made.

 

[ilpablo]

Hi man I've similar issues like︆ you on deciding what to do and where to go.

May I ask you what︇ you didn't like about Thailand?

 

[ilpablo]

Hi, does Malasya apply the Sharia Law or︁ there is more "like western countries" freedom over there?

If I might ask you, what︂ was your corporate setup? A Malaysian company or something different?

And also how did you︃ find yourself living there? Could you integrate with locals or there is a huge expat︄ community?

Also do you know if I can play poker legally (online and live tournaments).︅ thanks!

 

[ilpablo]

About Lugano it's pretty expensive and︊ boring, but everything else is like you said.

What about The Republic of San Marino?︋

 

[ilpablo]

Hi can you please tell us what problems are you referring︂ to? thanks

 

[FixieHartmann]

- as European you always stick out, everyone knows that you are not local⁠
- you constantly had to be on the guard so that you are not ripped⁤ off in stores, by cab drivers, hotels, restaurants etc., even in front of Bangkok main⁣ station people were trying to convince us that there were no trains and we should⁢ rather "take a bus" to travel
- most people were not friendly - it felt︀ like they simply accept you because you pay them but to me they were not︁ welcoming at all and just saw you as a walking ATM
- all the infrastructure︂ was always "on the edge" and I always felt like buses were one bump away︃ from breaking down, when we were diving it felt like they crammed as many people︄ as possible on the boat and there definitely were not enough lifevests for everyone
- you are constantly and quite aggressively approached by people who want to sell you stuff︅ ("SUIT SUIT MISTER SUIT SUIT PING PONG MISTER SIR SIR TUK TUK")
- the hygienic︆ situation even in better hotels is quite bad and we did get food poisoning multiple︇ times (only country where I had this issue so far)
- the beaches were nice︈ but not *that* nice (compared for instance to the Caribbean)
- they often treat animals︉ (for instance elephants or dogs) quite badly
- you cannot trust the government nor the︊ police, when we were mugged we want to the tourist police and they basically said︋ "yeaaah, bad luck.."
- it wasn't actually that cheap

So, all in all you get︌ all the downsides of 3rd world countries like corruption, not trustworthy police, shitty infrastructure, rip︍ offs / frauds and harassment without a lot upsides like cheap prices or great nature.︎

For me I don't see any reason to travel to Thailand again, basically every other️ country that I traveled to was a better experience.

 

[Finshark]

I've selected Dubai for permanent residency. Yes, it is an Islamic country but matching almost‌ all criteria.

From Dubai, I fly to Asia (I love Thailand) and Europe as sitting‍ in one place is too boring for my family and me.

But our dream is⁠ to be close to wild nature, so one day, I plan to buy a huge⁤ land in Mexican jungles near Tulum =)

 

[MiddleEuroAsia]

I found this program:

https://www.withersworldwide.com/en...gions will be,benefit from the 90% reduction.
So, basically 70% of‌ income are tax exempt and this can be increased to 90% if you live in‍ certain areas in southern Italy, so for example, if you make 100k a year, only⁠ 10k of your income will be taxed.

So a beautiful place, relatively cheap, Great food,⁤ nice weather, amazing beaches, low taxes, high quality of life, great health care, wide variety⁣ of western amenities...etc. The only down side is that this is only valid for 5⁢ years, and you have to spend the majority of your time in Italy, but i︀ would not stress the latter because you know how hard it is to prove where︁ you were in these Schengen Countries.

Here is the thing, Italy is a tax hell,︂ but this is not bad as a short term solution and you can use it︃ until you optimize your taxes and find another place that's better for you.

So, I︄ think you might found your call OP. this program sounds good actually, If I wanted︅ to move in Europe and stay in one place for extended period of time, I︆ would definitely consider it. (and after 5 years I would run lol)

 

[troubled soul]

True, If You have good money, why are you settling⁣ down in 3rd world country. It is not worth the headache. Even drinking water is⁢ not safe, It makes you sick.
If you have money, You can get girl in︀ any corner of World.
Lust for Thailand's girls is not worth the other problem you︁ face everyday in Thailand.

 

[marioIT]

I am Italian and into tech startups. He said he's into that too,‍ so I'll give him a good advice: FORGET ITALY. Read this as do not ever⁠ put your money here.
Anything is behind the curve, from VC/advisor/government/consumers. Forget it.
You name⁤ it, justice, laws, taxes, startup costs, everything is fucked beyond repair.
Anything gov touches goes⁣ to s**t. There's no way to improve.
Extreme left wing country. Constitution was written just⁢ after n**i-fascism, by the opposite, the communists... so it's like utopia: everyone should have a︀ job, healthcare should be free, etc, but it doesn't say who's gonna pay for it...︁ all it's made on debt, some one will pay for it.
I tell you who︂ pays: entrepreneurs and small business owners.
But these found it, so many evaded/continue to evade...︃ it's a catch22.
That's why taxes and startup costs are huge.

Italy is for the︄ extremely poor (they get literally everything for free), or extremely rich. Anything in between it'll︅ be a PITA.

Go to Miami and don't look back, even if it seems more︆ expensive short-term. You would struggle as a tech entrepreneur in Italy.
VCs and advisors don't︇ know s**t nor they have the business experience, they just mock some trendy english words︈ in between and that's enough here... you get funded by political sympathy smi(&%
Everyone I knew︉ left and made it elsewhere. The one who couldn't leave, are struggling and cannot grow.︊

 

[ilpablo]

Love you man! As Italian entrepreneurs we can truly understand each others︊ better than our gfs