Where to live with max 0-5% total tax

[Verbatim]

Cyprus non-dom requires︃ that you have a company in Cyprus, receive an income from the company and rent︄ a flat. So I think what you said about Gibraltar company and Cyprus residency would︅ not work.

 

[Sols]

You become a non-dom by⁠ applying for that status, for which you just need to declare that you are a⁤ foreigner with no familial ties to Cyprus. Once you have that, any dividends you receive⁣ are not subject to capital gains tax in Cyprus. Whether those capital gains come from⁢ a Cypriot or a foreign company doesn't make a difference.

 

[freegeek]

also that employee can be yourself paying the minimum⁤ salary minimizing social security contributions. From what i've been researching the Romanian micro company is⁣ probably the best and simplest hassle free company structure if you are willing to relocate.⁢

 

[orangekangaroo]

It is 3% if you don't have an employee and 1% if you have an employee.⁠ Divi tax can be captured with a holding company in Malta, Cyprus & Hungary. I⁤ am looking into the Hungary one as it is just across the border from Romania.⁣

 

[Marzio]

Smart choice! Hungary is one of the best places‍ for a holding. Just remember that no withholding tax is lieved on dividends paid to⁠ a legal entity. Dividends paid to an individual are subject to a 15% withholding tax.⁤ i'm not sure if dividends that derive form subsidiaries are exempt from withholding tax.

 

[freegeek]

yes but that 1 employee can also be the⁤ owner of the company. you just have to pay yourself the minimum wage salary which⁣ is a couple of hundred euro / month. This way you qualify for the 1%⁢ without having to hire an external employee.

 

[ilpablo]

Does this work with Cyprus company + Cyprus residency⁤ as well?

 

[uplana]

So you setup a Maltha / Hungary Holding company owning the 100% of shares in‌ the Cyprus company and have almost a tax transparent setup? Sounds not bad.

 

[Almouk]

Hi @i888 and other guys!!‍

I have some doubts, hope someone can clarify me them:

1) About trading crypto as natural person in Romania as only source of income.

PIT: 10%
Health insurance and social⁠ security payments: ???
Any other taxes involved if trading as natural person??

I have read⁤ that is 530€ per year capped for health insurance but I guess this is if⁣ you set up a company and pay you a salary.

2) About the Micro Company⁢ set up in Romania that is 1% per year up to 1M, I suppose is︀ not valid for trading crypto... or the 1M is about net profits?

Thanks in advance.︁

 

[i888]

Sorry for my late reply

1. there's no issue

Employed or not or paying already‌ that social tax, doesn't matter you pay it for those gains.

1M is revenue, tax‍ on revenue 1% or 3 , then you pay tax on dividents at 5% and⁠ those 530

Issue some banks don't deal with money from crypto or some have limits⁤