Turner Little - Company Formation Agents
Offshore Bank Accounts
UK Ltd with emi bank account
DLS Dubai - Company Formation & Bank Account

Question Moving to Spain with Family and concerned about Wealth Tax

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
When star YouTube gamer ElRubius told his 39 million followers last month he was off to Andorra, Spanish national media condemned the move as cynical and unpatriotic

It's unpatriotic to not allow yourself to be robbed by the government?ns2

These youtubers did the right thing and moved if they don't like the tax system in Spain thu&¤#.

Note to Spanish government:

Introduce a 30 year guaranteed resident non-domicile program with tax free Capital gains remittance into Spain and half the worlds elite, UK non-doms and affluent will be in Marbella the following Monday. The boast to your economy will be significant. There will also be no public services drain from these new comers as they are net contributors via indirect tax on their local consumption of goods and services. You would also undermine Gibraltars Category 2 residency program as a bonus ;).
 

Golden Fleece

Entrepreneur
I hold a Spanish passport. If you stay more than 183 days or close in Spain AEAT (Hacienda/Tax Agency) is famous for checking your cards, flight tickets and figure out something that works for them. See Shakira case 46M fine.
There are now apps by which you can track the amount of time that you spend in each country every year.
 

JackAlabama

Entrepreneur
It's unpatriotic to not allow yourself to be robbed by the government?ns2

These youtubers did the right thing and moved if they don't like the tax system in Spain thu&¤#.

Note to Spanish government:

Introduce a 30 year guaranteed resident non-domicile program with tax free Capital gains remittance into Spain and half the worlds elite, UK non-doms and affluent will be in Marbella the following Monday. The boast to your economy will be significant. There will also be no public services drain from these new comers as they are net contributors via indirect tax on their local consumption of goods and services. You would also undermine Gibraltars Category 2 residency program as a bonus ;).
Sounds good. Add selling of a limited number of passports / citizenships per year in an auction system / bidding and you undermine Malta as well. The new citizens can choose to either vote or be part of that new resident non-dom program.
 

Golden Fleece

Entrepreneur
Hi. Could you name a few of these apps?
There are quite a few. Use Google to locate them. This is just one example:



Many are made for more comprehensive tax purposes:


 

saintjohnny

New member
Note to Spanish government:

Introduce a 30 year guaranteed resident non-domicile program with tax free Capital gains remittance into Spain and half the worlds elite, UK non-doms and affluent will be in Marbella the following Monday. The boast to your economy will be significant. There will also be no public services drain from these new comers as they are net contributors via indirect tax on their local consumption of goods and services. You would also undermine Gibraltars Category 2 residency program as a bonus ;).

The problem is that they want the exact opposite. They want (need) people starving on the streets to sustain their neo-feudal fascist state. And people still vote and will keep voting in favor of hunger and poverty. My fellow countrymen drink beer at 12 PM. Anything remotely intellectual, like using common sense, is of great pain. Spain has no future. It never had one.
 

JackAlabama

Entrepreneur
The problem is that they want the exact opposite. They want (need) people starving on the streets to sustain their neo-feudal fascist state. And people still vote and will keep voting in favor of hunger and poverty. My fellow countrymen drink beer at 12 PM. Anything remotely intellectual, like using common sense, is of great pain. Spain has no future. It never had one.
Sadly I have to agree to this as I know Spain pretty well.
I also know many Spanish trying hard to make a living and working hard but it seems to bear no fruit in Spain. Intellectual is surely not the game in town and those who are very capable I met them in places like Dubai, Singapore, Hong Kong etc. where working and effort pays.
 

JackAlabama

Entrepreneur
Damn this all sounds depressing for Spain :(.

Sadly. No wonder with their communist gov there. It is the same bureaucracy like in latam, but with the difference that many (most?) people want to try it seriously which is an effing joke. Also the absolutely very first thing they require you to do is basically getting a tax id lol.

I invested in a small venture in Spains tourism sector, luckily a small sum for me, but anyone can guess how much that dropped. Had we received bids on a somewhat regular basis, it went bidless now.

The worst however is all the people dependent on the tourist sector. They are not able to find something else easily when already some basic English is a challenge.
 

saintjohnny

New member
The same is valid for the UK, Italy and many other European countries. Including Germany and France. Just ask any IT entrepreneur where they would rather be.
That is true to a certain extent but I think Spain's case is the worst out of all. Spanish culture vilifies success, prosperity, entrepreneurship, and intellect... and it glorifies crippling taxation and birthrights.

It's a herd mentality that crashes to a wall every few 50 years or so. Then the lack of self-awareness impedes any growth opportunity from the previous failure... because nothing is ever their fault. It's a family-clan-herd mentality and a culture tailored for failure. At least in the UK people are a bit pro-business and individualistic to some extent.
 

JackAlabama

Entrepreneur
That is true to a certain extent but I think Spain's case is the worst out of all. Spanish culture vilifies success, prosperity, entrepreneurship, and intellect... and it glorifies crippling taxation and birthrights.

It's a herd mentality that crashes to a wall every few 50 years or so. Then the lack of self-awareness impedes any growth opportunity from the previous failure... because nothing is ever their fault. It's a family-clan-herd mentality and a culture tailored for failure. At least in the UK people are a bit pro-business and individualistic to some extent.
And now in their infinite wisdom in 2020 they killed their best advantage.
Food, eating out and fiesta aka party non stop.
 

Golden Fleece

Entrepreneur
Spanish culture vilifies success, prosperity, entrepreneurship, and intellect... and it glorifies crippling taxation and birthrights.

Then the lack of self-awareness impedes any growth opportunity from the previous failure... because nothing is ever their fault. It's a family-clan-herd mentality and a culture tailored for failure.
It sounds just like a certain minority group in the U.S. It is interesting how similar actions lead to similar results.
 

JackAlabama

Entrepreneur
That is true to a certain extent but I think Spain's case is the worst out of all. Spanish culture vilifies success, prosperity, entrepreneurship, and intellect... and it glorifies crippling taxation and birthrights.

It's a herd mentality that crashes to a wall every few 50 years or so. Then the lack of self-awareness impedes any growth opportunity from the previous failure... because nothing is ever their fault. It's a family-clan-herd mentality and a culture tailored for failure. At least in the UK people are a bit pro-business and individualistic to some extent.
I have quite a bittersweet relationship with Spain.
Success you can just have as soccer player and reggaeton superstar. Whose lyrics actually help you conveying your thoughs to your typical local there. ;)
 

espresso

New member
it sounds like quite a high price for beautiful landscapes, all-year sunshine, beaches, and party all day

but I would be tempted still :)
 

JackAlabama

Entrepreneur
it sounds like quite a high price for beautiful landscapes, all-year sunshine, beaches, and party all day

but I would be tempted still :)
lol sure. Me too.
But around Barcelona, restaurants closed at 4.30pm and no parties. I heard Madrid is somewhat more chill.
 

JackAlabama

Entrepreneur
and how about Ibiza? Parties are an industry there :)
I dont know that atm. Mallorca is the same bascially, but I heard the communist party there killed it and almost a thrid now lives in poverty.
I just read that in newspaper, no idea if it is true or not.
 
DLS Dubai Company Formation and banking solution
banner-768x909d6f12840c2c058f.gif
Offshore Bank Accounts
Top