Depends on your home country, they can ask you to prove that you live in the new country for at least 183 days per year. Normal things to use as evidence are CC-statements, rental contract, utility bills, flights.
Worth to mention that most people never hear a thing after leaving their country.
And what determines profits? Profits from example the past month?
I guess in Cyprus, you could also take a shareholder loan with the 9% benefit in kind and then clear it against dividends on the following year.
As long as you stay under 183 days, its fine. Even if you stay more than that, it's highly unlikely that the even know that you are in Spain. How could you possibly attract the attention of the Spanish government in the first place? The entire country is full of tourists all year around.
You can move freely within Schengen, they dont keep track of days. And it's not only the Physical presense that makes you residence.
In Bulgaria, tax residency is determined based on the following factors, so you can make sure to satisfy any of these to mantain tax residency:
1. Physical...
One plus with Bulgaria is that you can take money as monthly salary (from 10-20k/month) for the same rate as dividends, around 12-13%. So no need to wait 1+ year for dividends.
And it's now in Schengen, so you don't need to live there, just have your residence there and live for example In Spain.
If you stay within Schengen, Bulgaria is good. You can cash out from 20-30k/month as salary with low tax, don't have to wait for yearly dividends. Easy to maintain tax residency without staying in the country (with the correct setup).
If you want to stay outside of Schengen, Cyprus is good...
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