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Best EU residency for low income tax?
- Thread starter HeinzKetchup69
- Start date
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.
If it's just 2 years, maybe you can avoid having any income and/or create legal structures and live on credit/loans instead.
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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% |
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.
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.
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
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.
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.
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.
I agree so much, and considering you go to UAE there is no personal tax at all.
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.
The most dangerous things in life are the things you think you know but in reality you don't.
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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)
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.
I don't know Bulgaria, but I moved 3000km to Romania for 1 year and a half and it is delightful. Very european lifestyle, people is very open and kind, made a lot of friends.
I even got an apartment in Baia Mare for new years eve, and when we had this small talk with the owner that we were travelling around and such, he invited us to a party at his home with his friends, drinks and food, we were going to be just for dinner and a bit more and in the end we stayed up to 6 am and the next day, which we had to leave the apartment, he allowed to stay for free to sleep the hangover out.
We still chitchat via WhatsApp, also with my other romanian friends, who even a couple told us when we left the country "don't forget to invite us to your wedding, whatever place you are".
Cities in Romania (brasov, bucharest, sibiu, baia mare, timisoara, constanta...) are turning to have a very european lifestyle. My home was 3000km away and I didn't feel any cultural shock in any way. Btw, if you moved to more towny places, you feel the difference... Although people is still lovely. We were wandering around talking by phone because an Airbnb guy sent a wrong address and he didn't speak english, nor used WhatsApp (towny places, old people, maybe the son managed the Airbnb but the father managed the check-in, idk) and a woman, out of the blue, just asked "do you need help?" got the phone to talk with the man and translated everything to us.
Also they are starting to be european when talking about taxes :-( that's why I'm leaving Romania after all this time. A pity as I liked it.
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