Well i wanted you as the partner it does not have any connection to your residence.Ha ha ha.Both our views are opposite in many cases so having a partner with opposing views is good.What does becoming your partner have to do with my residence?
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Looking for real estate
- Thread starter JohnnyDoe
- Start date
If you’re ok with an island in the middle of the Atlantic, both Madeira and Porto Santo would fit the bill. Temperatures are stable around 20 something degrees all year round. Low cost of living and nice people overall.
0% income tax for foreigners
CIT on international business can be 5% (if that matters)
I can help you with land plots if necessary.
Cheers
0% income tax for foreigners
CIT on international business can be 5% (if that matters)
I can help you with land plots if necessary.
Cheers
Although I have never been there (and there is some minimal taxation Tax rates in Madagascar - Business Environment - International Trade Portal International Trade Portal) maybe Madagascar could be nice?
All other countries are either small islands (so getting the nice 10 acre plot will be hard).
The only question which would really tick the no tax / other boxes would be Somalia but we all know that that probably will not be the best step forward
All other countries are either small islands (so getting the nice 10 acre plot will be hard).
The only question which would really tick the no tax / other boxes would be Somalia but we all know that that probably will not be the best step forward
Baja California and surrounding area fulfill all your requirements (including #1 for foreign residents) however there might be a slight security issue, as 10 acres purchase and subsequent construction on the property will get you noticed. You would need to make arrangements beforehand.
If you do not have any locally sourced income + you are not a citizen of the Philippines, you benefit from territorial taxation.
Read: "The Philippines taxes its resident citizens on their worldwide income. Non-resident citizens and aliens, whether or not resident in the Philippines, are taxed only on income from sources within the Philippines."
Hence, foreign sourced income of a resident alien is not taxed in the Philippines.
Permanent residency is a straight forward process.
So, come to the Philippines, buy a complete farm (or whatever else you want) for very little money and travel the world.
If you are interested send a PM.
Do you want it for personal use (i.e. live there permanently) or do you want something to invest in? Or do you want a combination of both??
In any case, concentrate on North Luzon: Cheap farm land which is far away from the devastating impact of high waves during typhoons, a laid back atmosphere, almost zero tourists.
Isabela Province (the triangle Cauayan City, Cabatuan, Santiago) for farm land and provincial lifestyle. No worry, big shopping malls are available. Cauayan City even has an airport with daily flights to Manila. Still, bus transportation is more staright forward.
Further north (Province of Ilocos Norte) there is Pagudpud with plenty of postcard beaches like you had them three decades ago on Boracay. Pagudpud has almost zero foreign tourists, only locals go there.
You can easily combine a farm in Isabela with a luxury compound in Pagudpud.
I think nearly every sensible or normal option has been mentioned already, although I'm surprised Bermuda, Vanuatu, or the Caribbean jurisdictions that have switched to territorial tax systems (Saint Vincent, Saint Kitts, Nevis, Belize) haven't come up yet.
What's tax free might depend on how your income is structured, so it's hard to say.
If we consider more obscure options, you have Pitcairn Islands (no tax besides a symbolic land tax) and Wallis and Futuna (supposedly no tax, not a lot of information). There are a couple of African countries with territorial taxation (such as Botswana, Namibia, Zambia). If memory serves, Djibouti doesn't have a territorial tax system but it has some other tax incentives (low but not zero).
What's tax free might depend on how your income is structured, so it's hard to say.
If we consider more obscure options, you have Pitcairn Islands (no tax besides a symbolic land tax) and Wallis and Futuna (supposedly no tax, not a lot of information). There are a couple of African countries with territorial taxation (such as Botswana, Namibia, Zambia). If memory serves, Djibouti doesn't have a territorial tax system but it has some other tax incentives (low but not zero).
10 acres in Bermuda are almost impossible to find.
A bit remote
I couldn’t find many real estate agents there
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