Best EU residency for low income tax?

[JohnnyDoe]

I guess for just 2 years of EU residency I can keep my UAE company and earn a salary from there and pay my due personal income taxes without having to set up another EU company. Then after the 2 years I can go back to Dubai and continue my business as usual.

Please read https://www.offshorecorptalk.com/th...al-compliance-requirements.43814/#post-288350

 

[Don]

Poland was one of my choices until I read this. Are you serious?

I am not joking.. however, it's not something that happens to the majority, and if you search, you can find more interesting "cases" from the forum.
In my view, Polish people are quite advanced in using offshore structures, and for a good reason.

I guess for just 2 years of EU residency I can keep my UAE company and earn a salary from there and pay my due personal income taxes without having to set up another EU company. Then after the 2 years I can go back to Dubai and continue my business as usual.

If it's just 2 years, maybe you can avoid having any income and/or create legal structures and live on credit/loans instead.

 

[gaz0001]

Family issues. I Temporarily need to be in Europe (24/7) for around 2 years. After that I can go back to Dubai.

How can you say you want no immigrants,but plan to go back to Dubai.

Have you ever been to Dubai?

 

[Don]

How can you say you want no immigrants,but plan to go back to Dubai.

Have you ever been to Dubai?

UAE EXPAT POPULATION:

Nationality	Population	Percentage
India	4.75 Million	37.96%
Pakistan	2.09 Million	16.72%
Bangladesh	0.92 Million	7.38%
Philippines	0.86 Million	6.89%
Iran	0.59 Million	4.72%
Egypt	0.53 Million	4.23%
Nepal	0.39 Million	3.15%
Sri Lanka	0.39 Million	3.15%
China	0.27 Million	2.16%
All other countries	0.27 Million	2.16%
Total Expat Population	11.06 Million	88.50%

Local citizens account for just 11.5% of the population.

 

[gaz0001]

Exactly.
Thats in the UAE too.

In Dubai it doesnt exceed 5%. Infact, it might not exceed 1%. I did not see an Emirati for about 3 weeks.

 

[Don]

Exactly.
Thats in the UAE too.

In Dubai it doesnt exceed 5%. Infact, it might not exceed 1%. I did not see an Emirati for about 3 weeks.

Most people are from the subcontinent.
Emiratis themselves might be absent for a big part of the year and may just keep their residency in UAE for benefits and low tax.

 

[GPT]

Poland was one of my choices until I read this. Are you serious?

I guess for just 2 years of EU residency I can keep my UAE company and earn a salary from there and pay my due personal income taxes without having to set up another EU company. Then after the 2 years I can go back to Dubai and continue my business as usual.

Isn't the Portugal NHR still valid? I read of people still moving to Portugal right now

Easiest way if it is for two years to keep your corporate setup and use a payroll company in the European company where you are going to reside. Pay all taxes etc and likely no one will ever bother you. But dont count on it

 

[HeinzKetchup69]

Easiest way if it is for two years to keep your corporate setup and use a payroll company in the European company where you are going to reside. Pay all taxes etc and likely no one will ever bother you. But dont count on it

UAE company ---> EU company --> Salary? is that what you mean?

 

[Marzio]

He probably meant UAE company --> EOR in the country of your choice that pays you a salary

 

[GPT]

I meant;

UAE company (yours in which you do business and accumulate your wealth) -> sends money to a payroll company in the country you reside -> pays your salary (and withholds wage taxes etc)

The only thing in this is that you have to report in some countries the ownership of your UAE company if its above a certain percentage and in some occasions pay taxes on the ownership.

The question then is "would the tax authorities find out if you are only in that country for 2 years?" Likely not if it is not your home country.

The above is the cleanest way. The less clean way is to just take money and reside in a country and not report anything. Be the perpetual traveler. This means a little higher upfront cost as you would for instance not be able to rent directly as you are not residing in that country officially. You would then use airbnb and the sorts. A country such as Cyprus wasnt even paying attention to things like this until a decade ago. I dare say that you would in Cyprus likely still get away with it provided that you have a European passport.

 

[HeinzKetchup69]

He probably meant UAE company --> EOR in the country of your choice that pays you a salary

Wouldn't it be better to simply get paid that salary into your own UAE personal account and then spend that money in the country you live in? (e.g: Estonia).

Without creating another company in the local residency country which creates further complications and extra accounting costs.

 

[diro]

Without creating another company in the local residency country which creates further complications and extra accounting costs.

I agree so much, and considering you go to UAE there is no personal tax at all.

 

[Marzio]

Wouldn't it be better to simply get paid that salary into your own UAE personal account and then spend that money in the country you live in? (e.g: Estonia).

Salary = work and work = social security contribution + taxes due in the country where you perform the work.

If your plan is to work remotely for your UAE company, get paid a salary without paying any taxes while living in EU you are looking for troubles.

And i'm not even entering the conversation that managing your UAE company from EU will make it tax resident in EU.

Beside that, an EOR is a third party company that you do not control that helps businesses to hire talents in countries where the company doesn't have a presence.

The EOR is a local company that will hire you, pay all social security taxes on behalf of your UAE company.

You are basically interposing a third company between your salary and the UAE company.

Without creating another company in the local residency country which creates further complications and extra accounting costs.

The most dangerous things in life are the things you think you know but in reality you don't.

 

[freegeek]

Imagine having the opportunity to live in a place full of nature, 10% tax, clean air, super safe, maybe even have a vegetable garden, be able to ski in the winter and be a 3 hour drive from the sea. These are lifestyle choices.
Whoever writes "Bulgaria" or "Romania" has the slightest idea of what it really means to live in those places? Especially for someone who is starting to earn good money.
Anyway, I'm going off topic.

to be fair, Bulgaria is probably the best place now in Europe if you want to do the whole fake tax residency thing. They joined Schengen and you can easily drive in and out without any registration. Malta and Cyrpus (Cyrpus is not part of Schengen) means taking a flight or ferry so there is always a manifest when you were inside or outside Malta/Cyprus, no such thing with Bulgaria anymore

 

[forward]

what's wrong with Portugal? NHR is still in place ( you can claim it ) a bit grey, but it works until it works and if you have substances for your company

 

[gaz0001]

to be fair, Bulgaria is probably the best place now in Europe if you want to do the whole fake tax residency thing. They joined Schengen and you can easily drive in and out without any registration. Malta and Cyrpus (Cyrpus is not part of Schengen) means taking a flight or ferry so there is always a manifest when you were inside or outside Malta/Cyprus, no such thing with Bulgaria anymore

I think it's easier to stick by the rules and move somewhere where you can be comfortable for the 183 days.

If you were ever under scrutiny about your tax residency in Bulgaria you would not be able to prove that you had spent the 183 days there if you had not similarly if you were investigated, it would be apparent where you were living (unless you live like you are on the run)

 

[Don]

I think it's easier to stick by the rules and move somewhere where you can be comfortable for the 183 days.

If you were ever under scrutiny about your tax residency in Bulgaria you would not be able to prove that you had spent the 183 days there if you had not similarly if you were investigated, it would be apparent where you were living (unless you live like you are on the run)

Bulgaria is beneficial when you want legal residency but not tax residency in Bulgaria. This requires some planning and dual residencies. Some other EU countries also allow this.