What country would you choose to relocate to avoid taxes?

[JustAnotherNomad]

Ever thought of Thailand ? in short, no tax on foreign income not brought inside the kingdom during the current fiscal year.

But beware that this doesn't work if the work is done (the company is managed) in Thailand.

 

[Blackbird]

Just choose a country inside EU that doesn't control actively the 185 rule. This excludes places like Malta. Most Easter Europe countries you can buy cheap property and make your self a tax resident. Borders are non-existent. Of course you can't use local banks credit/debit card outside of the country all the time etc. It's pretty hard to prove that you haven't been in the country for half year as most states require. You can take multiple residency permits (Id cards) and get a phone contract from one country. Open bunch of accounts and emis for spending. Ok there is crs now but if you play it smart you will not be most likely audited. If you are a good tax payer then nobody cares where you stay.

 

[nomad999]

But beware that this doesn't work if the work is done (the company is managed) in Thailand.

True, thx for pointing that out. Establishing yourself permanently and staying the whole year in the country would require to pay attention to that.
Although the whole administration is, how to say ... lax ? Or more like they couldn't care less really lol.
Travel around often and nobody will ever ask you anything.
Life is so cheap around here its really insane, you can live completely differently.

 

[JustAnotherNomad]

Just choose a country inside EU that doesn't control actively the 185 rule. This excludes places like Malta. Most Easter Europe countries you can buy cheap property and make your self a tax resident. Borders are non-existent. Of course you can't use local banks credit/debit card outside of the country all the time etc. It's pretty hard to prove that you haven't been in the country for half year as most states require. You can take multiple residency permits (Id cards) and get a phone contract from one country. Open bunch of accounts and emis for spending. Ok there is crs now but if you play it smart you will not be most likely audited. If you are a good tax payer then nobody cares where you stay.

Not sure I understand what you’re saying.
Do you believe that you don’t have to pay tax in a country if you stay there less than 183 or 185 days per year? Because if you do, that’s not true.
Or do you mean that Malta will “protect” you against some other country claiming you as a tax resident there, unless they can prove that you’ve been outside of Malta for 183 or 185 days? Again that’s not so clear. Usually in the DTA, there’s a rule that says, if you say 183 days in country X, you shall be considered tax resident there. But if that’s not the case, that doesn’t mean you’re not tax resident there.

Either way, I think I agree with what you’re saying: Get a tax residency in a country with low taxes and a good reputation, maybe pay some tax there, then live somewhere else. Especially within the Schengen area, the chances of being caught are extremely low.

 

[Blackbird]

Yes this is exactly what I mean. If you don't fly it's quite hard to monitor where you spend half of the year. What I mean is to choose an EU country with low tax for residency and stay in a country where you like. I know people who have lived this way in Spain for 20 years without problem. They enjoy the sun but not taxes.

 

[clemens]

They enjoy the sun but not taxes.

how do they avoid the taxes totally, what country are they resident?

 

[Blackbird]

Well they don't avoid totally. It's better to pay something and stay under the radar. You can choose any country with low dividents or lax company legislation so you can put your expenses to the company account. Paying zero and taxes means you have to be looking over your shoulder all the time or live in a third world country. Latvia, Estonia, Luxemburg, Bulgaria and Romania are good countries. Some better than others. Andorra - Spain is good combo. Gibraltar - Spain is not so good as they have border control. You can always add some offshore to structure to move some of the income or assets to 0 tax. If you pay some and then hide some you are less likely to be asked questions.

 

[JustAnotherNomad]

It only gets difficult when you’re married and have kids.

 

[WoWNull]

It's definitely not an option. The country just sucks.

any reason for this? ^^" i am thinking to migrate their for few reasons
1 - low tax
2 - cheap
3 - can get second passport for long term

 

[JustAnotherNomad]

Watch out, many countries don’t allow a second passport. If they find out (and as far as I know, Panama publishes naturalizations and embassies read about them), then you lose your first citizenship.

 

[bastard]

I think Campione d'Italia had some changes recently, I know they also have VAT now, plus other changes starting this year but I don't know anything more, just google it.

Anything offical you can link or quote to ?

 

[challenge]

give it a read, just googled quickly, I gave a quick read it seems it's under Italy control, but VAT rate is the swiss one lol seems quite messy.
really know nothing about Campione
https://home.kpmg/us/en/home/insigh...-of-eu-customs-union-new-consumption-tax.htmlhttps://blog.kpmg.ch/tax-legal-news/how-campione-ditalia-quietly-entered-the-eu-customs-union/
if it's really subjected to Italian tax agency and bureaucracy: avoid like the Black Plague....

 

[Spinat]

So the best advise would also here be to consult a good tax advisor before you relocate to that place

 

[Whirl]

The country is a privacy disaster, however if you don't care about privacy it's a good choice

What you mean by privacy disaster? I cannot understand.

 

[Osleak]

I find a freelancer visa in UAE a good option also, since it's cheap and freezones companies have a huge problems in opening bank accounts anyway. However I haven't heard of anyone used this route.

It’s not hard to open corporate account for FZE you just need correct setup and will be easy

 

[micand]

Hi Guys,

I was wondering which country you would choose to relocate to in order to avoid all- or at least most taxes one has to pay private and for a owned company?

So far I have been looking at:
Cyprus
Bulgaria
Georgia
Switzerland

Any input, comments or other relevant would be nice to learn about,

Also consider Romania (1% + 5%) and Malta (5%).

 

[LiberJoseph]

If you want to have the residency in that country of you don't have trouble to do than, I recommend you to see about Andorra. Although it isn't a tax haven neither an offshore company country, there the taxes are very low and the country is prepared to allocate digital business of all types and conditions. You can get more information here:

https://andorrainsiders.com/en/open-mount-andorra-company/
The problem, of course, is that you have to make an absurd deposit to the andorran government of 15.000€ to get the residency by opening a company, but it's a great option anyway.

 

[Clip]

It only gets difficult when you’re married and have kids.

Agree, that's the way the taxman looks at you to decide where you are going to pay taxes. A friend worked in Dubai for three years only visiting Europe every 3 months to see his family. He received a letter from the French tax office asking to pay taxes as his core family was living in France.

 

[JohnLocke]

The problem, of course, is that you have to make an absurd deposit to the andorran government of 15.000€ to get the residency by opening a company, but it's a great option anyway.

If you can get tax resident in Andorra by simply pay this 15K euro while you setup a company anyway, it may not be expensive but bery cheap. I think there is some misinformation and it can't be the whole thing??

 

[JustAnotherNomad]

If you can get tax resident in Andorra by simply pay this 15K euro while you setup a company anyway, it may not be expensive but bery cheap. I think there is some misinformation and it can't be the whole thing??

Why would it be cheap? In most other countries, it doesn’t cost anything?