What country would you choose to relocate to avoid taxes?

#101
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Konstanz said:
I agree that UAE is one of the best choices to get tax residency with 0% income tax.
Prices are also good in Dubai. But for me it felt really just a city in a desert without nature..
But I like life in Europe
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More power to you dear . We all have our own choices to make. Regarding the hot weather in Dubai, have you ever even been to Texas and Arizona? They are just as hot as Dubai. I have lived in Phoenix, Dallas and Houston earlier and they are just as hot as Dubai. UAE has just started a residency visa for senior citizens with wealth. I suspect more Europeans with deep pockets will move down here and live a tax free life along with other seniors as they love the hot weather. Canadian snowbirds move to Florida, US to enjoy their retirement incomes and pay low taxes as compared to Canada. When the word gets out all over the world how UAE is much cheaper than Florida and completely tax free along with the convenience of hiring a cheap maid and enjoying a cosmopolitan city, I am sure you will get more people interested in UAE.
 
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#102
Is this going to become a problem for cyprus then, that is EU but outside schengen?
 
#104
kkein said:
Is this going to become a problem for cyprus then, that is EU but outside schengen?
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A problem in what sense?

Countries outside Schengen have independent border controls. I imagine Cyprus' are quite sophisticated, given its geopolitical situation and the various threats it faces.
 
#105
xipoid said:
A problem in what sense?

Countries outside Schengen have independent border controls. I imagine Cyprus' are quite sophisticated, given its geopolitical situation and the various threats it faces.
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What i mean is for the people who move to cyprus for tax optimization, and then spend most of their time somehwere else.
But i suppose that if one hops through, say, greece, final destination shouldnt get the prints?
 
#106
I doubt there is any automatic information exchange between the border crossing IT systems and the tax authorities. In most countries, this isn’t even implemented on the national level. You can get information about that from the Big4 companies, they usually have information about that in their country profile.

However, I absolutely don’t doubt they will be able to obtain that information if they investigate you, and then it probably won’t matter which Schengen border you crossed first. They would probably also quite easily be able to get information from Cyprus about how many days you spend in the country, under applicable information exchange agreements.
 
#107
Automatic exchange of that has been in the talks for a few years now and is in the process of being implemented at least for flights as well as trains and ferries.
 
#108
jackfrost said:
Automatic exchange of that has been in the talks for a few years now and is in the process of being implemented at least for flights as well as trains and ferries.
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If data is going to be centrally stored then it's gonna be tough not to comply down to the smallest rule.
And btw many countries do not have the 183 days rule, but most often much less, so for those escaping tax office is going to become really nomadic.
 
#109
Anyone planning their setup on that data not being stored should remember that most countries already do store that data by law and also partly exchange but usually with the US for example but it is stored on a per country basis in general. Usually access to that data is contingent on the usual dumb people bulls**t like terror, the poor children etc but access to the data can be given to other entities at any time as has been done with healthcare ministries under covid now.

If you fly, train, ferry consider it stored at at some point being shared - including the eventuality of retroactive access.
 
#110
@Konstanz @Davis123 what is the minimum number of days one is really required to be in Dubai per yr, to keep the residence there? (E.g. you reside in Dubai on the basis of owning a company there that gives 2-3y visa that you then like to keep, and keep paying Dubai's zero taxes)
 
#113
@Dandyline that is awesome. Can you give me some reference to some page or law text that says it?

So, I need to set up a business in Dubai to get the 2-3 year visa, and then do the 2 days per year and that's it. Will the Dubai government issue me a tax certificate if I ask for it?
 
#115

Just google it, and you will see the law everywhere. Hard to miss.

You generally need to spend 6 months in Dubai to get the actual tax certificate.
 
Reactions: sargentshallots, erni and khinkali
#116
I guess it's nice if you turn a blind eye and use their benefits, they keep their facade public image as nicely polished as their new Rolls but the x-rated stuff is hidden in the trunk
 
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#117
Jade33 said:
I guess it's nice if you turn a blind eye and use their benefits, they keep their facade public image as nicely polished as their new Rolls but the x-rated stuff is hidden in the trunk
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so what you mean is that UAE will let you do business in silency and now one will possibly be able to know that you own a company there or do business there. Everything will be tax free on top of this if done right?
 
#118
I would go for either Cyprus or Switzerland, but after reading the many replies here I'm totally confused and will stay where I'm and continue my research.
 
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