What are some territorial or no tax countries that don't require your physical presence to maintain residency?

[Martin Everson]

You actually need way more than £1,000 rent a month more like £1,600⁠ at least. The property you rent in Gibraltar or buy must specifically have CAT 2⁤ qualified status. You cannot rent or buy any random property and apply for CAT 2⁣ status that is forbidden. Health care is cheap in general. So you need a minimum⁢ of £40,000 all in plus food, utilities etc. You must also prove your way north︀ of £2m will produce a stable income to support that 40k cost and maintain your︁ self sufficiency otherwise you won't get in.

 

[Offshorenerd]

Paraguay is easy and cheap to attain and does not require your presence (only once‌ every couple of years to renew). Also taxation is territorial and 10% flat on local‍ income (btw not paying tax interestingly is not a crime at the moment).

 

[OTR365]

Maintaining tax residency in Paraguay requires 120 days of presence per year.

 

[Offshorenerd]

120 days of presence to maintain tax residency are only required if you‌ did not acquire permanent residence/set up a domicile.

I was referring to getting permanent residency‍ which also has the additional benefit of making travel n south america easier.

 

[OTR365]

So, a permanent residential‍ address, a visit once in three years, and filing tax returns is all it takes⁠ to maintain tax residency there?

 

[Jea]

What would be the︀ advantage of having this Gibraltese tax residence compared to Georgia*? (assuming you're an EU citizen,︁ so you already have right to stay in the EU)

*Georgia - Conditions of Tax︂ Residence for HNWI: proven wealth of $1mil or annual income over $75k over the last︃ 3 years AND either residence permit of Georgia (can be obtained with a $100k real︄ estate investment) or annual income from Georgian sources over GEL 25,000

 

[KJK]

Hmmm what are the advantages of being a resident on⁢ a 2×3 km rock... I think the answer is implied in your question already.

I can imagine one point - Gibraltar is not part of UK but part of British︀ Overseas Territory, it was part of the European Union but was not part of the︁ Schengen Area. Of course this is a total mindfuck situation and that can actually be︂ beneficial in the future, kinda like Puerto Rico in relation to USA.

When the EU︃ laws and big brother controls get more draconial, all entries/exits if you wanted to fly︄ from EU to Georgia or vice versa will be recorded - your travels between Gibraltar︅ and Spain may not be recorded so you may have more freedom and privacy.

 

[Jea]

Georgia
Panama
UAE

 

[Martin Everson]

Location, language, culture, access to banking etc. I mean have you⁠ tried to read Georgian language for example? And I lost track of how many times⁤ I told people I live in Georgia and they say "so your from america then?"⁣ conf/(%.

 

[ads11]

This is completely incorrect and a dangerous⁣ advice...