Looking for information

[baltic7]

Maybe it's true and i︃ lived with another view of life. But as i said, i don't feel that i︄ lived in a way like WOW. I had a very normal life imo.

Oh, and︅ when I lived in Dubai, i had that income (90-150k) and for that i moved.︆ I felt that i am wasting my money and life to have a decent lifestyle.︇

I love Dubai. For holidays is amazing. But Dubai for single person is very dangerous.︈ There are tons of enternaiment, and you can fall in the Peterpan lifestyle. As a︉ lot of people doing (specially crypto boys).

 

[kislokan]

The point is the OP would be better to move to a European country or‌ stay in his home country until income has been increased consistently.

 

[baltic7]

SEA also can be a nice option. If he like SEA. But I agree,⁠ Personally, I wouldn't leave Europe with that income. But everyone is different.

 

[daniels27]

I woke move to St. Barth's. They also speak French and he can pay French‌ tax for five years with me income until he makes more.

 

[Cloudbanck]

The problem with St Barth's is that (unlike Dubai) one cannot find reasonably priced⁠ long term accommodation. Think it will hard to find anything below 5k EUR per month.⁤ The market is focused on luxury villas and short term accommodation.

So with a 5k⁣ to 7k EUR per month income, I think one can forget about St Barths. Also⁢ paying French tax (even if somewhat reduced for being Outre Mer) for 5 years isn't︀ great. One can apparently buy a 5 year old company, but there would still be︁ personal tax I think.

 

[baltic7]

@daniels27 Have you ever been to St Barths? Just curious.

 

[daniels27]

Not yet. It is quite expensive as tourist. Have some friends living there running small‍ toy shops on tight budget.

You want to go there with me? I am in.⁠

 

[HarryMen]

I'll try to see if I can find some good things to do in Malta‌ maybe in first place, because like you said I need to make a lot more‍ money.

But getting taxed nearly the half of what I'm getting isn't a good things⁠ to start investing in some projects and then get more profit in different business.

So I'll probably focus on getting info on how I can make it with malta and⁤ I'll see in maybe a year or two if I can get somewhere else if⁣ my profit increased!

Thanks for all the infos btw, and if someone is living atm⁢ in malta or now really well how tax are working there it will be great︀ to have a talk!!

Have a good day! 🙂

 

[calrize]

I am‍ going this route but what is the best way to reduce corporate taxes in this⁠ situation? I only need to remit max £2k per month but I still have to⁤ pay UK corp tax?

 

[baltic7]

Using a UK LLP.

 

[clemens]

It's very‍ difficult to optimize it. You have to take into consideration:

• Living costs
  
• Insurance
  
• Rent
  
• Car's cost
  
• Dental costs
  

There may be a few more, but if you put all this⁠ together you should get more than what you claim to have now, if not, it⁤ makes no sense to relocate. Unless you have other reasons than tax to relocate.

 

[JimBeam]

I guess you're not paying any tax or have a company setup in France right‌ now.

IMO:

1. Get the f*ck out of France ASAP - OR - setup a company‍ there if you want to stay in France and pay taxes there (no whining about⁠ high taxes afterwards).
   
2. Checkout places like Romania (micro company), Poland (freenalncer), Bulgaria (company), Czech Republic⁤ (freelancer), Montenegro (company). These are the countries you can move to easily and that make⁣ sense considering your current earning levels.
   
3. Forget about Dubai. If you are certain you could⁢ 10x it - then you should consider it but dating is not very popular topic︀ there in there so just stay away. Even if you 10x it - you should︁ better look into Cyprus than in Dubai tbh.
   

 

[jayM]

Some very good advise in this thread. Have small income now and want to move‌ somewhere where taxes and living is cheap.

 

[calrize]

At the moment‍ best option for me seems to be Thailand with US LLC or UK LLP and⁠ just pay tax on remittance