Buying a house with $300K: Where and why?

[aniglo22]

The properties are really bad and have a really high markup which are eligible for obtaining citizenship . The cheapest way is just a donation .

And also you need to spend 183 days or more in st kitts to be a tax resident
You could check out oman

 

[Wellington]

Well - you want territorial taxation - Thailand : Malaysia / other

You want no friction on payment (cash) that means easy access banking - Thailand (currently but that will change in the next year) - Malaysia, Eastern Europe, Africa (East).

And you want safety - Thailand Malaysia, etc

See a lot of statements reference Caribbean - need to confirm its tax free when resident owner of operating company etc also cost of living much higher

 

[Cloudbanck]

Do you need to become a tax resident of St Kitts though? It depends somewhat on one's citizenship and previous/other residences, but often just being a resident is sufficient.

And anyway, St Kitts Nevis was good enough for John Cleese:

 

[Borg]

Save fore not an island remark - Mauritius would be the best option right now, although you would need slightly more than 300k. You would get permanent residency for the investment of 350K and no to 15% taxes as you decide.

 

[JackAlabama]

what will change next year in banking in Thailand?

 

[aventura123]

Panama ... a reasonable real estate market ($ 1500 to 2000 per square meter) in nice buildings with amenities in Panama City.
Low real estate taxes.
No taxation of foreign income, and possibility to buy / organize patrimony using a company or a Foundation.
Residence with an investment of $ 200.000.

 

[Watchingtheweasels]

Regarding Ukraine, there's a reason for that.

Not an aggressive tax system or territorial tax...that eliminates quite a few right there.

Not an island eliminates quite a few more (Mauritius, the Seychelles, St Kitts, Antigua, Anguilla, the C.I., Bermuda, and the Bahamas)
Not third world (there go Costa Rica, Panama, Belize).
Have to own your own land eliminates lease holding in Vanuatu and Thailand.
I'm assuming that as a westerner with two children you don't want to head to a middle eastern country.

Not sure if you ruled out Paraguay if it was third world or if it was in the middle of nowhere.

Uruguay? Malaysia?

Maybe a non-dom solution in Greece, Italy, or Ireland?

If your reasons for leaving Ardernistan are cultural as well as economic, Russia? Real estate is cheap, the new visa is there, and taxes are a flat 13%.

Otherwise Georgia or Montenegro?

 

[EliasIT]

If I were to choose today, I would look closely at Bulgaria. You can get a brand new property there for that kind of money. If you bring in foreign workers, the job will be done properly.

The authorities are completely corrupt, and Bulgaria is the number one country in the EU for corruption, where money and connections can grease everything and make anything possible.

They officially have a tax rate of only 10%, but I'm sure it can be negotiated and adjusted to suit everyone.

 

[jafo]

Good point! This is the second time another successful entrepreneur has mentioned Bulgaria (to me) this week.

Do we have any successful Bulgarian entrepreneurs on OCT who can add their insights to this convo in a new thread on Mentor Gold? 🙄

 

[JohnnyDoe]

jafo said:
Good point! This is the second time another successful entrepreneur has mentioned Bulgaria (to me) this week.

Do we have any successful Bulgarian entrepreneurs on OCT who can add their insights to this convo in a new thread on Mentor Gold? 🙄
Click to expand...

Sofia stinks. The country is quite depressing. You could build your own little bubble like everywhere else, but I don't see any advantage with doing any legit business there. I closed down my operations in the country in 2018. Serbia is better.

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[JimBeam]

Can you elaborate more on Serbia part?
I guess Belgrade is better than Sofia - but how about business/tax side of the things.

 

[JohnnyDoe]

JimBeam said:
Can you elaborate more on Serbia part?
I guess Belgrade is better than Sofia - but how about business/tax side of the things.
Click to expand...

It's the general business environment.
The 15% tax rate is fine, and the state uses your money in a better way than Bulgaria.
Also the stance of Serbia towards Russia is a major plus.
And of course there is no EU in Serbia.

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[GF150]

There's another country, next door to Romania where, I've been told, they have 10% flat tax and you can definitely buy a decent house or a large flat even it the capital city (Sofia) for $300 000. Young people can gabble a couple of words in English, but, on the whole, language is very different and not quite easy to learn for Westerns. Nevertheless, I'd rather go there than to Ukraine, where you'd have the same language issues, BTW.

P.S. Yes, Serbia may be a better choice on the whole.