Hello Everyone!
I'd like to share my current situation with you and seek your advice. Let me clarify that I'm interested in tax optimization, but I'm not doggedly aiming to pay zero taxes. I would much prefer a peaceful life without having to worry about any issues with tax authorities.
I'm currently Board Member with an executive role of a joint-stock company (S.p.A.) in Italy from which I draw an annual salary and I have an agreement in place for another three years.
I'm planning to move abroad and would like to continue receiving my salary for which I'll pay Italian taxes (a fixed 30% rate plus social security). In addition to this, I want to establish my own consultancy firm in the telecommunications sector.
This new company would be a blend of IT and commercial consultancy, serving international clients mainly in the US, EU, and UAE—relationships I've already cultivated through a sole proprietorship in Italy.
I've been considering the Portuguese NHR program along with establishing a company in the UK or another European jurisdiction to avoid complications with Italy. Another option is a more drastic move to the UAE, although I'm not particularly thrilled about that idea, and probably Italy is not thrilled too.
I'm not married, have no children and own a house 50% jointly with my partner, who wouldn't be moving out of Europe with me.
I'd like to hear your thoughts on the best setup for tax optimization, considering I genuinely want to shift my tax residence. I'm open to selling my property in Italy and would prefer options within Europe for personal convenience.
The projected annual revenue for the consultancy business is around €300,000 to €350,000 with very low operating costs.
Thank you!
I'd like to share my current situation with you and seek your advice. Let me clarify that I'm interested in tax optimization, but I'm not doggedly aiming to pay zero taxes. I would much prefer a peaceful life without having to worry about any issues with tax authorities.
I'm currently Board Member with an executive role of a joint-stock company (S.p.A.) in Italy from which I draw an annual salary and I have an agreement in place for another three years.
I'm planning to move abroad and would like to continue receiving my salary for which I'll pay Italian taxes (a fixed 30% rate plus social security). In addition to this, I want to establish my own consultancy firm in the telecommunications sector.
This new company would be a blend of IT and commercial consultancy, serving international clients mainly in the US, EU, and UAE—relationships I've already cultivated through a sole proprietorship in Italy.
I've been considering the Portuguese NHR program along with establishing a company in the UK or another European jurisdiction to avoid complications with Italy. Another option is a more drastic move to the UAE, although I'm not particularly thrilled about that idea, and probably Italy is not thrilled too.
I'm not married, have no children and own a house 50% jointly with my partner, who wouldn't be moving out of Europe with me.
I'd like to hear your thoughts on the best setup for tax optimization, considering I genuinely want to shift my tax residence. I'm open to selling my property in Italy and would prefer options within Europe for personal convenience.
The projected annual revenue for the consultancy business is around €300,000 to €350,000 with very low operating costs.
Thank you!
