Also interested in that. Permanent homes in Spain and another country with tax treaty, less than 183 days in Spain per year, main business activity in the other country. That should work, no?
Thanks for the suggestions. Would there actually be a need for the Spanish company if the shares were simply transferred from Company A to Person A, so Person A would hold the shares in the foreign companies directly and not through a holding.
Did the situation really change? Here an example that took place more than 10 years ago
https://international-adviser.com/bahrain-apartment-not-enough-to-avoid-aussie-income-tax/
What do you guys think about the following setup?
- Person A is employed by Company A in a EU country (not Spain)
- A moves to Spain and makes use of Beckham Law
- A has a holding company in Cyprus that holds shares in a variety of companies in EU, including Company A
- The holding company in...
Yes, the tax rate should be the same but you can get a registered address somewhere in London which is probably a bit more prestigious than Larnaca. Not sure how the banks would react to such a setup, therefore I am really interested if anyone tried it.
I am wondering if anyone has created such a setup with a personal tax residency in Cyprus. You should be able to benefit from the low corporate tax in Cyprus while at the same time be able to avoid the issues with reputation and bank accounts of a Cyprus LTD.
My understanding is that if you want to make use of the 60 day rule you’d indeed need to rent an apartment for the entire year.
However if you spend more than 183 days in Cyprus I don’t think you need an apartment for the entire year as you would be tax resident either way.
I am not a tax...
No worries, we are all here to learn.
Like I said, these are not the only options but I think they are the most straightforward ones.
In general I’d say it doesn’t really make sense to move somewhere for tax reasons if you make less than $60k because the savings are negligible and the costs...
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