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Piano

Active Member
i read the whole thread so here's my comments...

one of the reasons for moving away that you have mentioned was the handling of the boomer coof there. i don't want to burst your bubble, but that crap is happening all over the world. the timing is just different, that's all. so don't use that as a reason because there are no real options and when SHTF again, same totalitarian behavior will happen yet again - everywhere.

from the conditions you have set, you have only two choices - continental europe and continental america.

if we look at america, the entire north america must be crossed off the list since it is high tax with high costs of living.
south america on the other hand was historically very commie oriented and violence is prevalent to this day. so i would cross that off the list as well.

so we have europe, which you said you would prefer. europe really loves its socialism and not is falling in love with fascism yet again. but lets just ignore it for now.

income tax will mess you up in europe like nowhere else BUT what will finish the job is the healthcare and social security that will thanos snap half of your income right away. so that is not an option.

hence, we have to look at the dividends income. and i am really talking dividends, not capital gains here(ie. active investments).

in this case, we have some options. Dividend Withholding Tax Rates by Country for 2020 | TopForeignStocks.com

if you will be active, then income tax, healthcare and social security has to be take into account. Tax rates in Europe - Wikipedia

andorra, bosnia, bulgaria, georgia, montenegro or ukraine could work.

if you will be passive, then portugal's and cyprus' non-dom will work out the best for you. unfortunately both of them have high property taxes, if you would want to buy a home there.

cyprus will give you the option to be tax resident with only 60 day stay, instead of 183 day, with certain conditions applied.

you have mentioned that you would be domiciled in cyprus and live in barcelona for 6-8 months. but you are forgetting the tax residency which you would gain in spain and lost in cyprus with this setup.

so to tl;dr figure out your source of income first and based on that you limit your options. then you can read up on individual countries and their tax approach to your source of income and then you can decide.

personally, i am looking to get away from EUrope because it's free fall from here on. asia is the future, the west is done, pendulum is swinging to the east yet again. so personally i am favouring malaysia right now.

ps: there are some EU countries that have 0% CGT if you hold long enough. usually no less than a year(this is CG not dividends though).
Good analysis !
 

Admin

Forum Moderator
Staff member
Lol...no not at all. Petty crime does happen and so does violent crime but tends to affect locals mostly in poor areas more than expats. Expats tend to live in areas and communities where crime is almost non-existent. Issues tend to be focused around Nassau. If you live in a gated community or a less populated part of Bahamas you are fine. Bahamas is around 3000 island/islets so you have choice. Paradise Island would be my choice of place to live ;).
It must be so different from some of the well known European countries like London, Paris, Berlin that one will have to change his mindset totally to be able to live there.

Somehow like the people that move permanent from a European country to Thailand, what a life changer :)
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
It must be so different from some of the well known European countries like London, Paris, Berlin that one will have to change his mindset totally to be able to live there.

Somehow like the people that move permanent from a European country to Thailand, what a life changer

Yes it does require a complete shift of mindset. Your so far from the rate race of those European cities in the Bahamas.
 

Indealex1

New member
Otherwise, if you live on purely dividends or other capital gains, you might want to look into Switzerland, Luxembourg, Belgium, and Slovenia. There are different rules for different circumstances so depending on your situation, one of those might work out. Monaco (assuming you're not a French citizen) and Andorra could also work.
Sorry for referring to a very old post from this thread, but...why Slovenia in this list? I tried to look at it and - taxation of income, dividends, CG is just a bit better than in neighbouring Italy or Austria. And no even limited programs with tax incentives like e.g. NHR in Portugal. Unless there are some loopholes that I missed during my analysis... Which is a pity, the country per se is lovely
 

Sols

Staff member
Mentor Group Gold
Sorry for referring to a very old post from this thread, but...why Slovenia in this list? I tried to look at it and - taxation of income, dividends, CG is just a bit better than in neighbouring Italy or Austria. And no even limited programs with tax incentives like e.g. NHR in Portugal. Unless there are some loopholes that I missed during my analysis... Which is a pity, the country per se is lovely
I don't remember why exactly I included it in that list. Although if I'm not mistaken, there is an exemption of 45-50% of the CGT in Slovenia under certain circumstances, subject to participation for a certain period of time.

But it's not a very attractive jurisdiction and probably shouldn't have been compared to the others. It's just marginally lower tax than a few other countries.
 

Indealex1

New member
I don't remember why exactly I included it in that list. Although if I'm not mistaken, there is an exemption of 45-50% of the CGT in Slovenia under certain circumstances, subject to participation for a certain period of time.

But it's not a very attractive jurisdiction and probably shouldn't have been compared to the others. It's just marginally lower tax than a few other countries.
Thank you Sols, very clear. Indeed one can apply for CGT exemption there but you need to hold an asset for many years to get the visible reduction. Somethnig like for 5% after each 5 years.
 
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