Considering setting up an offshore company to legally optimize taxes

[daniels27]

won't work for me, I need to buy a house where ever my destination will be and live a normal live. As I said, I don't need a zero tax setup, just low taxes. I have personal savings to buy house and car in cash.

So you could get a cheap Thailand Flat, never be there and it would count as a residency in case EU authorities ask for one?

They won't ask in his case. If you own a house and actually live there.

For other cases, it could make sense but not many countries care much about that.

 

[Hydrox]

They won't ask in his case. If you own a house and actually live there.

For other cases, it could make sense but not many countries care much about that.

How about germany? If you are there 5-6 months a year they could care if you have a real residence somewhere else right?

 

[daniels27]

How about germany? If you are there 5-6 months a year they could care if you have a real residence somewhere else right?

What is the case? You are a perpetual tourist from Italy and want to spend some time in Germany?

It really depends on many factors. But most countries are quite aggressive about those leaving on paper but still there.

 

[NewHorizonsParaguay]

It boils down to two questions.

1. What kind of lifestyle do you want? You can have a lifestyle for 20k/year in some of the mentioned countries, which would cost you in Dubai 20k/2 months. On the other hand, if you plan to spend 200k/year on life, Dubai can give you a lifestyle that is not achievable in some of the mentioned countries.
2. Do you plan to travel frequently / live as a perpetual traveler? If yes, this eliminates some countries that require 183+ days.

 

[daniels27]

2. Do you plan to travel frequently / live as a perpetual traveler? If yes, this eliminates some countries that require 183+ days.

Why does it eliminate it? He can still be there exit living on his residency elsewhere. Maybe Paraguay with @NewHorizonsParaguay

 

[NewHorizonsParaguay]

Why does it eliminate it? He can still be there exit living on his residency elsewhere. Maybe Paraguay with @NewHorizonsParaguay

I think that Uruguay does issue first a temporary residency. To obtain permanent one, you have to spend 183+ per year. At least the first year. Maybe they changed it. I don’t know.

 

[daniels27]

I think that Uruguay does issue first a temporary residency. To obtain permanent one, you have to spend 183+ per year. At least the first year. Maybe they changed it. I don’t know.

Who cares. Many there do. Then just stay there on paper. Or leave on paper and come as tourist for 180 days or less and save the hassle of the visa.