Relocation to Portugal? Or maybe Malta or Andorra?

[NewHorizonsParaguay]

Thanks for your idea, but my idea is to move to 1 country and don't keep on moving across the other 3.

My end goal is not to live in Portugal, Malta or Andorra. They are means, not ultimate goals by themselves.

I am looking for a residence where I can truly live, visit Spain from time to time and travel to some other countries I may want to.

Not planning to live in 4 countries at same time. 2 would be fine though (I guess I would need a 3rd one not to fire the 183 days rule)

Thanks again!

You must check the exact requirements; I just put it as a theory. I think PT and Malta have the 183-day rule.

In general, this setup works. Digital Nomad moved out of Spain to Latin America (he has his residency there, address, and tax certificate) and now travels Europe. If they ask, you want to have a story for an ES hacienda. ES-PY DTA + tax certificate proves you live here. Then, stay below the radar in the countries where you're going to stay, close to ES.

 

[Marzio]

My end goal is not to live in Portugal, Malta or Andorra. They are means, not ultimate goals by themselves.

I am looking for a residence where I can truly live.

I have very hard time understanding what do you want.

If you want to move to a country where you don't really want to live because what you really want is to stay in Spain you'll be miserable.

Been there, done that.

 

[MarkusCostigan]

Are you a citizen of which country? Before proceeding with the residency, it is important to know if the country where you want to take up residency is not considered "black list for natural persons" (Andorra for many countries for example.)

 

[blast629]

You must check the exact requirements; I just put it as a theory. I think PT and Malta have the 183-day rule.

In general, this setup works. Digital Nomad moved out of Spain to Latin America (he has his residency there, address, and tax certificate) and now travels Europe. If they ask, you want to have a story for an ES hacienda. ES-PY DTA + tax certificate proves you live here. Then, stay below the radar in the countries where you're going to stay, close to ES.

Understood.

Basically have an story, and if you want to proof that you live out of Spain, you would need certificates/tickets of going in and out of the country, and probably proof of being in other countries is also good, to make that PY certificate to work.

I think this approach mainly focus on making PY a "paper residence" since it is cheap. Then, live outside in Spain wherever, but below the 183 day threshold, and specially tracking Spain visits so if the Hacienda comes you have an story.

Could be an option, but I would prefer just to relocate myself to whatever the country and have the papers there. The less game, the less risks (I guess).

I have very hard time understanding what do you want.

If you want to move to a country where you don't really want to live because what you really want is to stay in Spain you'll be miserable.

Been there, done that.

I think I was not clear. My reply was after NewHorizonsParaguay suggested to be 3 months on each country.

What I mean is: none of the countries are my end goal, so I am okay to live on any of them, but no need to be on all of them across the year.

My idea is either live PT and visit Spain, or live in Malta and visit Spain or live in Andorra and visit Spain, but live 3 months Portugal + 3 months Spain + 3 months Malta + 3 months Andorra is not what I need.

Just need 1 country to live with low taxes, which is sort of near to Spain. Just that. And afaik, it could either be Malta, Andorra or Portugal.

Move there. Settle there. Come back to Spain for vacations.

I just want to find a place where:

1) I can physically relocate (more than paper residency)
2) Find a good structure for my income so to pay low taxes (either plain as Andorra, either IFICI+whatever in Portugal, non-dom in Malta, etc)
3) Have the ability to use the income to buy real state and cars in wherever place i relocate (therefore MT, PT or AD)
4) Have the ability to visit back Spain easily (good connection by road or plane), so I can visit Spain on some months of the year (basically summer and maybe Christmas)

Hope it makes more sense now!!

Are you a citizen of which country? Before proceeding with the residency, it is important to know if the country where you want to take up residency is not considered "black list for natural persons" (Andorra for many countries for example.)

I am a citizen of Spain.

That is why I need to discard Gibraltar for example.

Thank you all!

 

[maxxs]

Hi OP. Im in similar situation to you.
I think Andorra is best choice but your income may be too low, and Andorra is no bueno if youre single.
Id probably check Cyprus. Or portugal a couple years then somewhere else.

 

[blast629]

Hi OP. Im in similar situation to you.
I think Andorra is best choice but your income may be too low, and Andorra is no bueno if youre single.
Id probably check Cyprus. Or portugal a couple years then somewhere else.

Hi mate.

Are you also coming from Spain as well? Similar income level? Similar profession? Hopefully we can find a solution together!!

Precisely I found 2 issues about Andorra:

1) Few young people (mostly couples >35/40), since most people get out of the country for studying and stays abroad.

2) Pricy housing, which for the income level, makes either living on a ""modest"" flat or pretty much spend all the savings on housing.

I considered Cyprus, but the problem I am finding is that plane connections to Spain are much worse than Malta ones. And, at least on paper, how is Cyprus substantially better than Malta for example? (Malta is smaller, but plane tickets are super cheap).

Regarding choosing Portugal, and then, depending on the evolution, deciding on where to relocate (all in all, after 10 years you need to leave PT anyways...), is my primary idea.

However, I need to find which corporate structure can suit the PT NHR/IFICI (without costing a fortune in relation to my income).

Thanks & best regards!!

 

[pixbix]

If you can stay less than 90 days/year in Spain (officially), PY residency is also an option. + As a Spanish citizen, you have potential passport play over time with PY.

With 80- 100k/year, keep setup costs low (Malta, Singapore, even Cyprus can be pretty pricey).

what if he decide to not stay over 180 days in any country ? like 170 in spain, 170 in portugal and the rest somewhere else?

 

[NewHorizonsParaguay]

what if he decide to not stay over 180 days in any country ? like 170 in spain, 170 in portugal and the rest somewhere else?

Spanish hacienda is tricky. It’s not only days what count (family ties, economic interests). As far I understand they can count also days spent abroad to your tax residency status… unless you prove you have tax residency elsewhere. So he would still need some setup.

 

[MarkusCostigan]

Besides saving taxes on your income, do you have other needs? For example, not disclosing your assets (stocks, crypto etc.)? Are new future EU regulations causing you problems (for example DAC8 etc.)?