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Best Global Locations for Minimizing Personal and Business Taxes with a 190K EURO Budget

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Cyprus
Become a non dom, operate your business through an offshore or onshore company, pay 0% on dividend income. End up paying minimal to 0% tax.
Beautiful place , good infrastructure, good shopping, within the EU, relatively simple to access, friendly people, friendly authorities
 
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Cyprus
Become a non dom, operate your business through an offshore or onshore company, pay 0% on dividend income. End up paying minimal to 0% tax.
Beautiful place , good infrastructure, good shopping, within the EU, relatively simple to access, friendly people, friendly authorities
Are you saying they abolished 2.65% social tax on dividends?
 
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Cyprus
Become a non dom, operate your business through an offshore or onshore company, pay 0% on dividend income. End up paying minimal to 0% tax.
Beautiful place , good infrastructure, good shopping, within the EU, relatively simple to access, friendly people, friendly authorities
Sounds not too bad. How complicated is banking now a days to get an account there I mean?
 
Sounds not too bad. How complicated is banking now a days to get an account there I mean?
If you are talking about a personal account, as a resident, is rather easy and straightforward. For a corporate account you need to have a solid business to open with a brock and mortar bank. For other "high risk" businesses there are quite a few EMIs that would generally accomodate a large array of higher risk businesses.
 
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Nooo, am not saying that! Indeeed there is a national health insurance of 2.65% on dividend income capped to 4.800 Eur. Thanks for keeping me in check !
Don't forget the 12.5% CT.

I've been chilling in Cyprus for the past month btw. It's not a bad place to reside and legally pay the minimum amount of tax.

I have some ideas on how to get the IPBOX tax regime here.

However, I feel bad for the locals because they pay more taxes than foreigners.
 
Malta provides interesting tax regimes:
1) a structure with just 5% tax (fiscal unit of two companies)
2) remittance basis taxation
3) depending on where you have a holding company or/and personal tax residence it could provide 0%-5% tax
 
If you are talking about a personal account, as a resident, is rather easy and straightforward. For a corporate account you need to have a solid business to open with a brock and mortar bank. For other "high risk" businesses there are quite a few EMIs that would generally accomodate a large array of higher risk businesses.
I assume the good old days where you could open an account with BoC or Piraeus Bank etc. are long over. So a simple Cyprus company with substance i..e office and utility will not open the doors to the bank ?
 
I assume the good old days where you could open an account with BoC or Piraeus Bank etc. are long over. So a simple Cyprus company with substance i..e office and utility will not open the doors to the bank ?
The banks doors are not openning as easy also because of a risk reward approach. Therefore the business operation and whats in it for them are important factors in getting an account opened. There were instances were a minimum income for the bank was agreed beforehand , for example 2-3K minimum income and if you have transacted less then an amount is added to reach the minimum income for them. If you are ready to movr along similar lines a lot of accounts can be opened which would otherwise would have gotten a rejection.
 
Hands down Cyprus - inside EU - can get passport after 5 or 7 years - you have rights - unlike uae - where you are a commodity with an expiry date. Better weather in Cyprus. Less human exploitation vs UAE.....

Downside is, schools are crap as the Greek mentality of "telling students what it should be as they know best" vs "educating British style by trying to sharpen the mind so to say...." And the language is no longer English - its Russian.
 
I have not met many there that actually pay anything for their foreign business that they run from there.
So, you’re saying that most people don’t pay taxes in South Africa when they have international companies with no activity in the country? What about personal income tax, do they maybe not pay that either, even though there are tax regulations?
 
Thank you for your response. I've considered setting up a company in either Cyprus or Malta as a parent company to manage all my activities, though I don’t plan to move to either of these countries myself. I intend to become an employee of the company and pay taxes in the country I relocate to, which, as of now, will likely be either Dubai or Monaco.

I visited Monaco last week and had a meeting with a consultant who showed me around and arranged viewings with property landlords, allowing me to see some apartments on the affordable end that I liked. Next week, I’m heading to Dubai to look at apartments there; I've arranged something similar with a consultant who is setting everything up to give me a quick overview. After that, I’ll make a decision.
 
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