Recent content by John M

And… how is he going to open a bank account for it?!

Not anymore in Romania

Yes, that would be the ideea

Bulgaria, which is an EU country, would issue a tax certificate for that “income” and he can spend money in Italy afer he “comes back”. Also, he doesn’t actually wants to leave Europe and Bulgaria might be helpful if he wants to leave in Italy under the radar (while registered in Bulgaria)

Move away from Italy, set your tax residence in Bulgaria, declare to Italian tax agency that you are now living in Bulgaria. Bulgaria is Schengen so you can drive unnoticed back to Italy. Do not take the plane, the passenger lists are reported. Register a company in Bulgaria, pay 10% tax on...

I’ve just registered my residence in Ruse (as an EU citizen) with the help of a local agent. The immigration service issued a residence card (with a local address on it) and I have also opened a bank account where the address is the Bulgarian one. With a company, l’ll pay 10% tax on profit and...

British expats are being terrorised by corrupt Spanish tax collectors and fearing financial ruin - even suffering heart attacks - as officials use rigged system to fleece unsuspecting foreigners, lawyer warns...

On the other hand, I don’t think the Spanish authorities cand see the full identity of the person owning the Credit/Debit card. They might be able to see the card number and, if present in Spain long enough, to request the identity of the owner but this can be easily circumvented either by...

New Rules on cash payments in Spain https://euroweeklynews.com/2025/02/13/spains-cash-crackdown-new-rules-on-cash-payments-what-you-need-to-know/

https://euroweeklynews.com/2025/01/26/spain-targets-big-spenders-new-rules-for-high-value-card-payments-coming-in-2025/

On the other hand, Cyprus plans to join Schengen, which will actually make the evidence regarding the number of days less exact.

For which country?

Romania has zero inheritance tax. You can create a Romanian holding company on your mother’s name which will hold everything else. You and your mother will move to Romania as reaidents therefore the inheritance will be under Romanian laws

However, in most EU countries the ownership must be registered with the local tax office and there the the tax residence must be declared