Best combination of high quality of life, entrepreneurial freedom and low taxes
- Thread starter FixieHartmann
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Interesting! This basically describes all the prejudices that I have against entrepreneurship︊ in Italy 😀 It coming from someone who seems quite familiar with the system makes me︋ quite wary.
Visas in︀ the USA nowadays are non-existent. You'll be lucky to get one. I'd personally rule out︁ the USA and go for Georgia/Bulgaria as your base. Bulgaria has no minimum stay requirements︂ if you show it's your main 'home'. Use it as your base for however long︃ you want and then travel around. Spend some time in USA/KL/Bangkok and still be able︄ to show the authorities, if any ask, that you're paying 10% to an EU country.︅
You could try E2 entreprenear (invest $100k - $250k in a business), but your not permanent resident status and need to renew often,︀ people refer to it as the "visa from hell" as you can easily loose it︁ .... or EB5 investment which leads to greencard - that $900k or $1.8 million
In a similar situation here. Remote IT worker that makes around $200k.
I am a UK tax resident/citizen but don't spend enough time there to make it worth pay 19%. corporate tax + dividends.
Looking for a place with good weather, low taxes and tech/crypto friendly. English/Spanish main language ideally.
I travel a lot so I won't really spend 6 months there but need a place to show main residency.
My first choice was Miami/PR but visas are a PAIN. I haven't found a good way to move there without spending a crazy amount of money (maybe O1visa but requirements are very strict).
Spain was︀ my next choice but have looked in details taxes seem crazy, hard pass.
Gibraltar might︁ be a decent place as foreign dividends are tax free and bureaucracy is very similar︂ to UK. Main drawbacks is that housing is very expensive and I guess its a︃ boring place.
Portugal I ruled out as NHR is too shady, also non business friendly︄ and general southern European of hating people with a bit of money.
Italy tax breaks︅ seem advantageous but when you look into details you will realize that if you move︆ to a Southern region you will taxes on 10% of IRPEF. You still have to︇ pay 27% INPS + 2% some other tax on your taxable income.
So real tax︈ rate is >29%, which is mainly to the pension system.
Cyprus and Panama interesting tax︉ situation, they dont really excite me too much as places to live though.
So I︊ am more and more eager to move to Gibraltar, wanted to see if anyone here︋ has other ideas?
I am a UK tax resident/citizen but don't spend enough time there to make it worth pay 19%. corporate tax + dividends.
Looking for a place with good weather, low taxes and tech/crypto friendly. English/Spanish main language ideally.
I travel a lot so I won't really spend 6 months there but need a place to show main residency.
My first choice was Miami/PR but visas are a PAIN. I haven't found a good way to move there without spending a crazy amount of money (maybe O1visa but requirements are very strict).
Spain was︀ my next choice but have looked in details taxes seem crazy, hard pass.
Gibraltar might︁ be a decent place as foreign dividends are tax free and bureaucracy is very similar︂ to UK. Main drawbacks is that housing is very expensive and I guess its a︃ boring place.
Portugal I ruled out as NHR is too shady, also non business friendly︄ and general southern European of hating people with a bit of money.
Italy tax breaks︅ seem advantageous but when you look into details you will realize that if you move︆ to a Southern region you will taxes on 10% of IRPEF. You still have to︇ pay 27% INPS + 2% some other tax on your taxable income.
So real tax︈ rate is >29%, which is mainly to the pension system.
Cyprus and Panama interesting tax︉ situation, they dont really excite me too much as places to live though.
So I︊ am more and more eager to move to Gibraltar, wanted to see if anyone here︋ has other ideas?
@marzio not really excited about DR (similar to Panama - safety issues mainly and not a great place to do business).
Re Gibraltar - does anyone know if you can keep a tax residency there by living only a couple of months a year (as long as you dont spend more than 180 days anywhere else in the world)? Do the Gibraltar tax agency check how many days are you spending a year in the rock and do they even care? I would rent a flat for the whole year and use it when needed.
Also - As a UK citizen can I move there︀ if I have a UK corporation and become a Gibraltar tax resident easily? I wouldnt︁ be considered a high net worth individual.
Re Gibraltar - does anyone know if you can keep a tax residency there by living only a couple of months a year (as long as you dont spend more than 180 days anywhere else in the world)? Do the Gibraltar tax agency check how many days are you spending a year in the rock and do they even care? I would rent a flat for the whole year and use it when needed.
Also - As a UK citizen can I move there︀ if I have a UK corporation and become a Gibraltar tax resident easily? I wouldnt︁ be considered a high net worth individual.
Come to Dubai. 😉
But I guess Gibraltar or Andorra could be a good option also. Someone here mentioned there are no border controls to Spain between one of the countries and Spain...
But I guess Gibraltar or Andorra could be a good option also. Someone here mentioned there are no border controls to Spain between one of the countries and Spain...
It could be a decent place but you have to stay there for at least 100 days a year to be considered tax resident and can't do any work while there otherwise it will not be considered foreign income.
Andorra isn't an option because of the cold weather.
I would add also Dubai to the list of places with extreme weather
Andorra isn't an option because of the cold weather.
I would add also Dubai to the list of places with extreme weather
That is actually an interesting recommendation. If you are fluent in Spanish and can bear with a highly disfunctional and corrupt government the DR is not a bad place. Not the safest place but with your money you can live in a gated community.
What if I have a foreign company setup in a low tax jurisdiction? Would it come under CFC rules and be considered a Gibraltar one?
Also if I keep an apartment there how they check the 100 days rule since border will go away soon?
Also if I keep an apartment there how they check the 100 days rule since border will go away soon?
I know, i'm amazing! 😀
I mean if Jay-z, Beyonce, Rihanna, Justin Bieber spend some time there in Casa de Campo i can't see why he can't.
There are also other areas less expensive than Casa de Campo to live.
I mean if Jay-z, Beyonce, Rihanna, Justin Bieber spend some time there in Casa de Campo i can't see why he can't.
There are also other areas less expensive than Casa de Campo to live.
This is not true. Tax is "territorial" only for the first 3 years as a resident. And there's a single Tax Treaty in place, and it's with Spain.
He doesn't know what he's talking︁ about. It doesn't work that way. I'm a dual Spain-DR citizen.
He doesn't know what he's talking︁ about. It doesn't work that way. I'm a dual Spain-DR citizen.
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