The majority of these countries are total shitholes and as for the rest I don't see the option how to get a residency there without actually residing for a 180 daysLight Blue - no extra conditions for individual residents declaring foreign income and paying 0% tax.
I guess the citizenship based taxationpurple color
Malta needs to be booted from the offshore business. Their sneaky ways laying tax traps and over-complicating simple matters is a disgrace. Existing legal bloat and compliance is cumbersome enough but they keep adding to it. And even when you bank elsewhere, you can't ignore the undeniable fact that the title of being the worst financial services center in the EU belongs to Malta.
If you bought (or intend to buy) the Maltese passport, they will be your friend, if not, you will need to keep an eye on that snake. It will strike when you least expect it.
To pay 0 to 5% tax, there are better options elsewhere in Europe. For long term-term stability and clarity, avoid Malta. Not residents looking to structure their passive investment funds or active trading companies can structure via Ireland, Gibraltar, IoM/Guernsey/Jersey, Cyrpus or Luxembourg. There may be other options not mentioned.
Make sure to get a proper structure setup or your current checked if your account was shit. It is easy, just use the known advisories. Dont try to save a couple thousand with proper revenue its stupid and get bitten by lousy work of your accountant / tax lawyer.Ok, thanks jackforst, it made my decision clear, im glad that im staying in Malta, due to my over >100k€ yearly income and big business turnover.
why ?Cyprus for low income
5k is for ordinary residence where you have to reside for at least of 180 days. 15k is for Malta residence programme and still I don't think they will issue a certificate without 180 days of presence.1.1) If 5k are a deal breaker you have no business in looking into any of this anyways.
I'm in a similar situation solving this as well, can you accept private messages GrumpyMess? You have the option to message you turned off.5k is for ordinary residence where you have to reside for at least of 180 days. 15k is for Malta residence programme and still I don't think they will issue a certificate without 180 days of presence.
As for hellhole that is just FUD. The grass is always greener on the other side. Tell me a viable alternative in the EU with all the same pros and no cons.@jackfrost
Malta's a hellhole for all 3: legal clarity, business and banking. If diving is one of your hobbies, personal residency could be worthwhile. When it comes to diving sights, there are not many places in EU that come close to Malta and Gozo. I also like rocky hills and landscapes but the cities look absolutely disgusting due to low quality construction, lack of planning. And they just keep building more, wherever 10 sqm. of unoccupied land is to be found.
Possibly the war zones in Syria have less dust and noise than the Maltese cities.
cyprus: Because then the 12.5% tax rate without having double company structure can be cheaper and living etc is also a bit cheaper depending on where you want to live and what kind of apartment etc. than Malta. Above that the 7% less tax in Malta far outweighs the higher base costs of 2 companies and living costs.why ?
5k is for ordinary residence where you have to reside for at least of 180 days. 15k is for Malta residence programme and still I don't think they will issue a certificate without 180 days of presence.
Accidentally turned the message option off. It seems enabled nowI'm in a similar situation solving this as well, can you accept private messages GrumpyMess? You have the option to message you turned off.
I'd like to exchange some know-how about the list you posted above (at 00:22), not selling anything, just hoping to figure something good out.
It's a complex question, UAE is not that typical european country where you can come and live, there are a lot of niceties such as climate or sharia laws. I definitely do consider moving to UAE, but I don't want to sacrifice my freedom to win 5-10% in tax. Anyway UAE is in my shorlist. It remains to find out whether the tax residence certificate is required for foreign banks and my citizenship country tax office or Emirates ID is enough.@GrumpyMess why not just to live in UAE? the rent price there seems decent, what are stopping you from doing it in one of these countrys? I would consider UAE also, if i am lazy with tax reports and i prefer not doing it anymore.
Malta is a bit same, just keep money outside of Malta earned from other offshore business company and only pay the salary from MT company to oneself with a bit of income tax
Yes that was already clear, the issue was if you get a proper tax certificate if you choose e.g. the 15k route and only stay e.g. 1 month AND <183 days in any other country.I would like to clarify one misconception about Malta - their residency programs don't require you to spend 180 days there. You only need to declare in your annual declaration that you haven't spend > 180 days in any other single country. Think about the difference.
Would be careful there. NHR is probably on of the most restricted programs out there.Portugal is good, there is no 183 days Rules with NHR programm, show them you want to live here by renting a flat, and then travel....
Offhsore incomes are not taxed as soon as they are not coming from a country blacklisted by portugal...
You are right, but i can share some experience:Yes that was already clear, the issue was if you get a proper tax certificate if you choose e.g. the 15k route and only stay e.g. 1 month AND <183 days in any other country.