Losing tax residency from aggresive country

[lemonade]

Would moving to Estonia for 3 months and then moving to Cyprus for the rest of the year help me lose tax residency from an aggresive country?
I have to notify where im moving and if I move to Cyprus directly, tax residency would be disputed by my current country.
Im from outside EEA, so it would require to incorporate an Estonia company + visa but income would go to personal account in Estonia.
My goal is to incorporate in Cyprus

 

[Koedam]

Don't kill the messenger. Try to research. I dont mind your attack on me as i know before FATCA and CRS came i was attacked on amother forum years ago when I stated this is what will happen within a few years. I was laughed at that time.

Maybe my links would be deleted. Hopefully admin doesn't mind me sharing .

I asked you twice for a reliable source. The only thing you can come up with are guys who make a living from rich people who are moving abroad. If that's the best you can do, we all know there are no serious EU plans. Thank you.

 

[kokunut]

Country is Mexico, they created this 5 year sticky tax residency law and have become really aggresive and might come up with other dumb stuff next year. So you can leave and live in Cyprus or other place but you would be tax resident in MX for 5 years, they also claim your tax residency if not residing somewhere else.

Wait, you mean you stay taxable in Mexico for 5 years even after you’ve moved and officially deregistered as a resident there? They must be pretty desperate to hold on to their citizens.

 

[NewHorizonsParaguay]

How would Estonia grant me a long stay permit? Its required to rent and establish personal tax residence, the digital nomad visa requires a foreign corp and the startup visa looks like doesn't apply to my case. Or can you get the personal tax residence card by having an estonian company? Would that card be enough to cover with Mexico?
I see that they require a livable residence but wouldn't I have to be there 183 days? Or is there a way to get it in like 3 months, send proof to Mexico and then move to Cyprus.

Can I incorporate in Cyprus, open a business bank account, move to Estonia and then receive salary/dividends or would they screw me?

What does Mexico explicitly need from you to not consider you a tax resident?
Residency... doable in PY
Tax Certificate ... doable in PY (DTT with Mex not available)

 

[intlman]

Wait, you mean you stay taxable in Mexico for 5 years even after you’ve moved and officially deregistered as a resident there? They must be pretty desperate to hold on to their citizens.

Yes, as per:

https://taxsummaries.pwc.com/mexico/individual/residence

"A Mexican citizen who moves to a country that is considered a tax haven by Mexico will remain a tax resident of Mexico for the year in which the change of tax residency suspension notice is filed and the following five years, unless Mexico has in effect an information exchange agreement with the country or a tax treaty with an information exchange clause or an international treaty that enables mutual administrative assistance in the notification and collection of contributions."

 

[Don]

I found that it might be cheaper to get a Czech republic long term visa, 15% tax first €67k, 23% over it.
An estonian digital nomad visa with a Cyprus company could also work while living in Estonia.

Visa costs like 100 euros.

How would Estonia grant me a long stay permit? Its required to rent and establish personal tax residence, the digital nomad visa requires a foreign corp and the startup visa looks like doesn't apply to my case.

You need to first figure out how to obtain a residence permit. If you have a foreign corp or are employed at one then you have more options like digital nomad visa.

Or can you get the personal tax residence card by having an estonian company? Would that card be enough to cover with Mexico?
I see that they require a livable residence but wouldn't I have to be there 183 days? Or is there a way to get it in like 3 months, send proof to Mexico and then move to Cyprus.

Yes, you can get in one day if you obtain residence permit.

Can I incorporate in Cyprus, open a business bank account, move to Estonia and then receive salary/dividends or would they screw me?

Legally you can do it, but not sure what you mean exactly.

 

[lemonade]

Legally you can do it, but not sure what you mean exactly.

Run the Cyprus company from Estonia

 

[Don]

Run the Cyprus company from Estonia

Try get some professional advice to avoid issues

 

[lemonade]

I finally found the requirements for the residence permit in Estonia, its in the police site wtf?? why dont they put it with the nomad visa and the e-residency page??
So they require six times the subsistence level currently about €2100 and put €65k in the company bank account to get issued a residence permit for a shareholder and it can take up to 2 months.
And you need said residence permit if you are non-EEA and want to rent to establish personal tax residence, the place has to be liveable (not empty).

 

[Davis123]

It seems that every country requires an owned foreign company and a proof of income 3+ months for a long term permit/digital nomad visa, except NL

But NL is a high tax country isn't it?

 

[lemonade]

But NL is a high tax country isn't it?

yes, NL high tax but also HCOL

 

[psvunited]

NL? Don't. Lots of people are currently leaving the NL or getting a backup already. Including me.