Where to live with max 0-5% total tax
- Thread starter aceupsleeve
- Start date
- Status
It must be so different from some of the well known European countries like London, Paris, Berlin︀ that one will have to change his mindset totally to be able to live there.︁
Somehow like the people that move permanent from a European country to Thailand, what a︂ life changer 🙂
Somehow like the people that move permanent from a European country to Thailand, what a︂ life changer 🙂
Yes it does require a complete shift of mindset. Your so far from the rate race of those European cities in the Bahamas.
Sorry for referring to a very old post from this thread, but...why Slovenia in this list? I tried to look at it and - taxation of income, dividends, CG is just a bit better than in neighbouring Italy or Austria. And no even limited programs with tax︀ incentives like e.g. NHR in Portugal. Unless there are some loopholes that I missed during︁ my analysis... Which is a pity, the country per se is lovely
I don't remember why exactly I included it in that list. Although if I'm not mistaken, there is an exemption of 45-50% of the CGT in︀ Slovenia under certain circumstances, subject to participation for a certain period of time.
But it's︁ not a very attractive jurisdiction and probably shouldn't have been compared to the others. It's︂ just marginally lower tax than a few other countries.
But it's︁ not a very attractive jurisdiction and probably shouldn't have been compared to the others. It's︂ just marginally lower tax than a few other countries.
See below for program:
https://www.bahamasbeats.com
Government Portal:
https://portal.immigration.gov.bs
https://www.bahamasbeats.com
Government Portal:
https://portal.immigration.gov.bs
Tax residency certificates are only granted to permanent residents I believe. This came about in 2019 I believe when OECD accused Bahamas of helping people avoid CRS with its residency by investment programs.
That's your choice.
You need to look at tax rules for country your leaving. Often it is not as straight forward as living abroad for 1 year and hence your no longer tax resident (i.e UK). There are many factors in play such as connection to country you are leaving etc. You have to do a little homework before you can make a clean break in some cases.
You need to look at tax rules for country your leaving. Often it is not as straight forward as living abroad for 1 year and hence your no longer tax resident (i.e UK). There are many factors in play such as connection to country you are leaving etc. You have to do a little homework before you can make a clean break in some cases.
In Romania, we have 10% tax + some small sum of money for health insurance etc, 5% dividend tax .
Personally I want to make the crypto trading on a corp w/o tax (prob Seychelles) and send the profits as dividends in cryptocurrency to my personal crypto acct on an exchange where I sell them then send the $ to a bank.
The problem in Ro is that many bank don't deal with money from exchanges or there are limits per month, so a workaround would be an account somewhere else with a bank who is crypto exchange friendly.
This is my idea.
cities to︀ live: Bucharest (crowded, alot of things to do clubs, etc, airport, there are decent condos︁ or places to build a house) , Brasov (couple of km and you are in︂ the mountains, old center, many old saxon villages around, people are calmer than in the︃ South), Sibiu ( small city with old parts, calm, some 20 km to the mountain).︄
If you are a party man probably B would be best for you with long︅ weekends to Brasov or Constanta (summer) from time to time.
Personally I want to make the crypto trading on a corp w/o tax (prob Seychelles) and send the profits as dividends in cryptocurrency to my personal crypto acct on an exchange where I sell them then send the $ to a bank.
The problem in Ro is that many bank don't deal with money from exchanges or there are limits per month, so a workaround would be an account somewhere else with a bank who is crypto exchange friendly.
This is my idea.
cities to︀ live: Bucharest (crowded, alot of things to do clubs, etc, airport, there are decent condos︁ or places to build a house) , Brasov (couple of km and you are in︂ the mountains, old center, many old saxon villages around, people are calmer than in the︃ South), Sibiu ( small city with old parts, calm, some 20 km to the mountain).︄
If you are a party man probably B would be best for you with long︅ weekends to Brasov or Constanta (summer) from time to time.
Please tell me your not trying to avoid 10% tax rate? conf/(%
Please restore my faith in humanity.
Please restore my faith in humanity.
In today's world-saving, For saving 10% tax doing offshore Circus is not worth it, Regardless of You have 100k, Million, or Billion.
If it more than 30% It is Worth Considering. (That's my Logic)
Reading the online forum and thinking of offshore company and bank account looks good on Forum. In reality, It is a very complex process and so many headaches.
It is better to pay 10% Tax. It is not worth Saving 10%. Island banks and corporations are not safe as your home country. You are risking 100% to save 10%.
Thinks about it.
You are making money in Crypto. On any day Crypto can rise or fall 10%.
And You are thinking about saving 10%????
My friend It is a blessing to have a︀ 10% tax rate. Ask someone Who is paying more than 50% tax rate (More than︁ half of income goes to tax).
Why don't people value things they can easily get?︂
If it more than 30% It is Worth Considering. (That's my Logic)
Reading the online forum and thinking of offshore company and bank account looks good on Forum. In reality, It is a very complex process and so many headaches.
It is better to pay 10% Tax. It is not worth Saving 10%. Island banks and corporations are not safe as your home country. You are risking 100% to save 10%.
Thinks about it.
You are making money in Crypto. On any day Crypto can rise or fall 10%.
And You are thinking about saving 10%????
My friend It is a blessing to have a︀ 10% tax rate. Ask someone Who is paying more than 50% tax rate (More than︁ half of income goes to tax).
Why don't people value things they can easily get?︂
It is all a matter of perspective and the human condition. People from low tax nations still complain about their taxes. People living on the tax-free island nations are probably complaining about the poor condition of the roads and the high price of imported goods (because of tariffs). For some reason, it reminds me of an old Soviet joke:
In Moscow, a husband has been standing in line at a butcher shop for seven hours when︀ the butcher announces, “Comrades, I am sorry to inform you that we are out of︁ meat.”
The husband blows his top. “I am a worker! I am a communist! I︂ am a veteran of the Great Patriotic Revolution!” he yells. “And now you tell me︃ you’re out of meat! This country stinks!”
A large man in a trench coat approaches.︄ “Comrade, Comrade, calm yourself,” he says. “You know what would have happened to you in︅ the old days of Stalin if you had talked this way.” The large man makes︆ a thumb and forefinger motion at his temple and says, “So please, Comrade, just go︇ home.”
When the husband goes home empty-handed his wife asks, “Are they out of meat?”︈
“Worse than that,” replies the husband. “They’re out of bullets.”
In Moscow, a husband has been standing in line at a butcher shop for seven hours when︀ the butcher announces, “Comrades, I am sorry to inform you that we are out of︁ meat.”
The husband blows his top. “I am a worker! I am a communist! I︂ am a veteran of the Great Patriotic Revolution!” he yells. “And now you tell me︃ you’re out of meat! This country stinks!”
A large man in a trench coat approaches.︄ “Comrade, Comrade, calm yourself,” he says. “You know what would have happened to you in︅ the old days of Stalin if you had talked this way.” The large man makes︆ a thumb and forefinger motion at his temple and says, “So please, Comrade, just go︇ home.”
When the husband goes home empty-handed his wife asks, “Are they out of meat?”︈
“Worse than that,” replies the husband. “They’re out of bullets.”
- Status