You forgot the social contributions. In the Czech Republic, all together, it is lower. On the other hand, in Hungary CIT is 9%
Our valued sponsor
Best Residency in EU that makes the most sense Taxationwise?
- Thread starter banafinfodafuggiano
- Start date
You are right, but social security tax is added to only a few income types, and it is capped, I think it's still lower than in the Czech Republic.
Generally if people won't get salary from a Hungarian company they won't have to pay that.
For example no matter how much will you cash out in crypto you will always pay flat 15% tax and 0% on social contributions.
In the Czech Republic is also 15% if I am not mistaken. Now in 2024 they are going to increase some taxes, reform the VAT, and so on. If you receive pasive income, then yes, you do not pay social security. But when you work as an employee or as a freelance, it is lower in th Czech Republic. As a freelance, up to 2 millon CZK (roughly 86,000 USD) / year, the taxes, SS, and Health Insurance is 12%. From 2 million is higher. In Hungary they have KATA, but the limit is around 50k USD. In the Czech Republic they also have a similar system with higher limit if I recall well.
In any case, in the Czech Republic with the new tax reform as of Jan 2024, it will make it less attractive.
I see, good to know, thank you!
KATA also has new restrictions, if freelancers invoice companies it will be subject to higher taxation.
Hungary is best only if you can rely on passive income.
have you been to Cryprus or Vietnam? literally a mess of a country (both) with no services and if you fall ill, good luck with their hospitals...Check Cyprus ,it interesting if you meet some criteria.
You can still do this, I believe the cut for TH taxes is after 6 months of residency?
Most people I know will just keep their money outside of TH or get loans against their company to circumvent this.
Vietnam is not that bad tbh, Cambodia yeah I agree.
Same. Ive heard BG is not that bad (Varna), however it seems quite small to me.
Bulgaria same, been there multiple times.
I'd rather spend more in living style and pay less Tax...
not that much in CY but ive spend years in VN.
dude VN private hospitals are top notch lmao what are u talking about, and even if you didnt like em... TH is just across the border.
cmmon g stop complaining and look for solutions, think laterally
Living in a mess of a country (with a first world income) is underrated. You get access to some services only super-rich do in developed countries, like, if you want, multiple live-in maids, house that includes accommodation for domestic staff, chauffeur, chef, gardener, personal trainer that comes to your home, nurses that can stay over night to help with kids/babys.
I have lived many years in both Switzerland and West Africa. I like both places actually. And had the experience of visiting a hospital in both places. Switzerland was of course great, and the best hospital you could get in the West African country I lived in, was decent. Not as good as Vietnam I guess, but ok. It looks like a first world hospital - one wouldnt guess it was in Africa by just looking at the interior. They can handle most things, and if there is something they cant handle - like they lack the most advanced tools, they tell you to have it checked up abroad.
I have lived many years in both Switzerland and West Africa. I like both places actually. And had the experience of visiting a hospital in both places. Switzerland was of course great, and the best hospital you could get in the West African country I lived in, was decent. Not as good as Vietnam I guess, but ok. It looks like a first world hospital - one wouldnt guess it was in Africa by just looking at the interior. They can handle most things, and if there is something they cant handle - like they lack the most advanced tools, they tell you to have it checked up abroad.
I posted in another thread about Slovenia, which might be worth looking further into.
www.offshorecorptalk.com
Offshore company + self employed in EU. How to structure?
It's improbable that for such a small-scale structure, they would start cross-border tax investigations, which is expensive. You're probably right. It's important to note that an additional benefit of operating as a branch office is that your identity will not be reported as UBO in this...
www.offshorecorptalk.com
Just thinking about learning a Hungarian language gives me chills )))
If you stay in Mexico for a few months every year without getting temporary or permanent residency, and you fly frequently out of Mexico after staying there for a maximum of 6 month, it's only a matter of time that when you return an immigration officer will give you a stamp that will only allow you to stay in Mexico for a few weeks (no more 6 months), and you'll be told to get residency in Mexico.
Like everywhere, and there are also many fridge-like-built women.
And a good part of the remaining 30% are dudes posing as females
Stay wherever you are now. Things have changed, for the worse, in the last 10 years.
EU AUS and CA?Really?
It won’t work.
None.
Italy and Greece are the only possible choice with the flat tax.
Some people still have the memory of the good old days of Europe, not realizing how much it's changed.
Things are not just worse, things are chaotic, no point of getting into all the details.
"EU, AUS and CA..." People with some money are escaping these countries, people without money can't wait to go to these countries.
Last edited:
There are only about 2,600 monks living there. No companies there and females are not allowed there! Only monks! So no fun there + watch your a*s.
That's probably the best thing to do.
You can still go to Europe and spend a couple months there during the summer as a tourist.
Anyone knows if DTT with US terminated or not?
Just forget about Slovenia. It's a country with beautiful nature but boring to live and taxes are higher than in other places making it not worth it.
The topic was about Europe mostly.
My main concerns are related to getting good quality housing (not some shitty condos) for my wife and kids, having relatively low personal tax, good infrastructures and high safety for women/children, and if it has good looking women on top of that is a bonus.
I am pretty much sure Poland, Hungary and Romania almost meet these standard but can anyone else confirm?
My main concerns are related to getting good quality housing (not some shitty condos) for my wife and kids, having relatively low personal tax, good infrastructures and high safety for women/children, and if it has good looking women on top of that is a bonus.
I am pretty much sure Poland, Hungary and Romania almost meet these standard but can anyone else confirm?
I can confirm. I only moved out of Poland because polish tax offices are greedy and people are cold.
Not quite. In Dubai you have tens of thousands escorts/sex workers from all over the world at any time while at Athos you don't have a single female.So basically like a small Dubai
These should be all somewhat similar.
I've been in all 3 and in all 3 capitals (Budapest, Bucharest, Warsaw).
Budapest:
- looks the best city of three to me
- might want to check Debrecen or Szeged for more peaceful and cheaper family life
- problems with traffic (heavy traffic on the bridges), they have oldest or 2nd oldest metro in the World)
- problems with autocratic leader, freedom issues, nationalism (how you're treated as non Hungarian)
- difficult language and many older people do not speak english
Bucharest:
- doesn't look that good but not really bad
- might want to checkout Timisoara instead (smaller and bit seems nicer to me at least)
- have a good new metro system
- cheapest of all and probably most welcoming to foreigners (best bang for the buck)
Warsaw:
- looks pretty good
- problems with air pollution in the winter months
- a lot of religious activities (that go to my nerve)
In terms of housing it all depends what are you after (house or apartment) but I guess there are many options in all 3 places.
You should then plan a trip to Krakow.
Warsaw was destroyed during WWII while Krakow wasn't affected much.
I compared only the capital cities. I know that there are hidden gems in all 3 countries.
Krakow comes into 2nd biggest city group (together with Timisoara or Debrecen/Szeged) and these are the cities I always recommend if you are not tied to the capital city (by job or something else).
The second biggest city will still have universities, theaters but the life will be slower, usually more secure and more family friendly.
Which one out of the 3 you mentiones, have the most efficient services and infrastructures (Best hospitals, best quality grocery, most welcoming people)?Not quite. In Dubai you have tens of thousands escorts/sex workers from all over the world at any time while at Athos you don't have a single female.
These should be all somewhat similar.
I've been in all 3 and in all 3 capitals (Budapest, Bucharest, Warsaw).
Budapest:
- looks the best city of three to me
- might want to check Debrecen or Szeged for more peaceful and cheaper family life
- problems with traffic (heavy traffic on the bridges), they have oldest or 2nd oldest metro in the World)
- problems with autocratic leader, freedom issues, nationalism (how you're treated as non Hungarian)
- difficult language and many older people do not speak english
Bucharest:
- doesn't look that good but not really bad
- might want to checkout Timisoara instead (smaller and bit seems nicer to me at least)
- have a good new metro system
- cheapest of all and probably most welcoming to foreigners (best bang for the buck)
Warsaw:
- looks pretty good
- problems with air pollution in the winter months
- a lot of religious activities (that go to my nerve)
In terms of housing it all depends what are you after (house or apartment) but I guess there are many options in all 3 places.
I have been to all of the 3x cities but it was over 5 years ago and just as a tourist for a couple of weeks...
Well, you can't have all 3
Girl can't be smart, beautiful and rich - you can only choose 2.
Anyways, for most welcoming: Poland and Hungary are simply not - very cold - so Romania.
About grocery quality - all 3 countries are tier 2 EU countries so you won't have quality products as in Netherlands or Germany but they won't be that bad.
So maybe the Ariel detergent is not the same quality as in the Netherlands but who cares, really.
In Hungary in Romania you can easily buy fresh food products from the producers (things like fruits, vegetables or even fresh meat) and you won't be able to do it in the Netherlands or it would cost a fortune there and won't be the same quality (lack of sun).
Latest Threads
-
Anybody tried DTS Money? Crypto friendly EMI- Started by RobertNozick
- Replies: 0
-
-
Incorporated a new company in Canada - my experience so far- Started by DBeker
- Replies: 2
-
-
-
-
BRITAIN'S richest gypsy has vowed never to return to the UK- Started by Martin Everson
- Replies: 10
-
-
Complete List of MULTI-CURRENCY Emis and Banks?
- Started by banafinfodafuggiano
- Replies: 10
