Moving to Cyprus as EU citizen

[Luxconsult]

Hi I am a new member here and would like to get some advice in regards to the below:

I am a Belgian citizen and have lived outside EU since 2007 in New Zealand where I was employed in the yachting industry.
Post COVID I am looking at emigrating back to EU preferably Cyprus to live there and work remotely as a contractor for a US based travel company dealing with UHNW.
Since Belgium has very high taxes I am interested to reduce them considerably. I would earn around 100-120k USD

What would be the best setup for reducing my taxes:

A) Live in Cyprus open up Maltese company who pays me dividends , Maltese company receives payment from US company for provided consultancy services.

B)Live in Cyprus open up Dubai company who pays me dividends , Dubai company receives payment from US company for provided consultancy services.

C)Live in Cyprus open Cyprus company as self employed , Cyprus company receives payment from US company for provided consultancy services.

open to other EU country suggestions

looking forward to receive your feedback /suggestions.

 

[orangekangaroo]

Non-Dom benefits can also be enjoyed without being a company shareholder.

But yes here we are all assuming whilst the OP is not involved in any if the discussions yet.

 

[CyprusLaw]

Non-Dom benefits can also be enjoyed without being a company shareholder.

But yes here we are all assuming whilst the OP is not involved in any if the discussions yet.

Correct - but one of the main benefits enjoyed by a non dom - especially in the case of the OP who will not be an employee but will incorporate a company- is that there is no tax on dividend.

 

[rivertorain]

Correct - but one of the main benefits enjoyed by a non dom - especially in the case of the OP who will not be an employee but will incorporate a company- is that there is no tax on dividend.

But that is the point. Why incorporate if your salaried income is tax exempt anyway?

 

[CyprusLaw]

But that is the point. Why incorporate if your salaried income is tax exempt anyway?

In order for the abovementioned tax exemption to exist there needs to be an employer-employee relationship - for example contractors, freelancers etc cannot benefit from this. Therefore in order for this to apply you need to be an employee of a non-CY employer and render services for the Non-CY employer for over 90 days per tax year outside of Cyprus.