Where would you live once you are happy with your passive income?

[JimBeam]

I think that Cyprus has it at 15% so it's the same rate as Spain.

United States - Corporate - Withholding taxes

Detailed description of corporate withholding taxes in United States

taxsummaries.pwc.com

I think that 19% is for Spanish companies (if you get dividends from companies in Spain) not for US.

 

[JohnnyDoe]

Probably Italy.

Good choice

Specifically Portofino

Did you ever try that road in a weekend? Apart from that, it’s beautiful on a postcard, from the sea, or from the Splendid hotel for a brief vacation, but living there is not a good choice.

or Florence.

Absolutely the worst climate and pollution. Look instead at the villages nearby, if you like the city.

with winter frequent trips to the Swiss alps (Grindlewald)

You don’t really need to leave Italy for good skiing. Check Valle D’Aosta.

 

[JimBeam]

What's the source of the pollution in Florence?
Air pollution from industry or high density of population (cars)?

In your opinion what would be the best place to live in Italy (taking everything into an account)?

 

[JohnnyDoe]

What's the source of the pollution in Florence?
Air pollution from industry or high density of population (cars)?

Both, the problem is that the city sits low in the valley and the air doesn’t circulate, which also makes summers very hot and winters cold and humid.

In your opinion what would be the best place to live in Italy (taking everything into an account)?

South of Tuscany (Maremma), not too far from the sea (Argentario), if you like the countryside.
If you prefer cities, Rome.
If you like mountains, about anywhere in Trentino or Valle D’Aosta. You can ski 365 days per year in Cervinia.

 

[jafo]

I'm from Latin America, so no problems with the language

Hmmm..... why not Costa Rica, Panama, Uruguay, Brazil???

PS. There's a trick to the CRS that I won't explain here. Actually, I am NOT competent enough to explain, so I won't. God forbid, I have to be liable for my big mouth/bad advice

 

[JohnLocke]

@Sols Not sure what do I want out of life, that's a really good question!

You should start there!

 

[scooterguy]

@A sense of freedom @JimBeam Ah thanks for the info about the dividend income tax rates.

OK fine, I guess Cyprus would be better tax-wise Maybe I'll have to take a trip there at some point and see if I could see myself living there, though at first glance it doesn't attract me enough, but who knows...

Hmmm..... why not Costa Rica, Panama, Uruguay, Brazil???

Panama and Uruguay are options. Panama City especially could be a good place to set up base.

You should start there!

Hahaha I agree! I guess I'm just getting older and want to settle down, mainly for convenience. But I know that financially it makes much more sense to keep moving and keep my current tax-free structure.

We'll see. There's always a chance that in 2030 this thread is still active and I haven't found that place to put down roots in.

 

[wellington]

Afghanistan’s debt to GDP ratio is 7.1%

TBF it wasn't that long ago UAE was nothing but sand and dust and everyone moving around in a nomadic life.

 

[celizo]

There is no DTA between Cyprus and the US, as a resident of Cyprus you'd have to pay the 30% US withholding tax.

There is a DTA between all UE countries and the USA.
15% US WHT for Cyprus

 

[backpacker]

There is no DTA between Cyprus and the US

Double Taxation Agreements

The mission of Ministry of Finance is the configuration of economic policy, the training and follow-up of concretisation of Government owned Budget, tax political, the effective management of economic resources of State, the discovery of resources for cover of lending needs of State, the...

mof.gov.cy

 

[JohnnyDoe]

Hmmm..... why not Costa Rica, Panama, Uruguay, Brazil???

there are wonderful beachfront properties in Uruguay, for example https://www.jamesedition.com/real_e...r-punta-del-este-on-26-hectares-land-10525253
Unfortunately the water is cold down there

 

[scooterguy]

there are wonderful beachfront properties in Uruguay, for example https://www.jamesedition.com/real_e...r-punta-del-este-on-26-hectares-land-10525253
Unfortunately the water is cold down there

Yeah the water being cold is the reason why I don't buy those $16,000,000 properties.

 

[JohnnyDoe]

Yeah the water being cold is the reason why I don't buy those $16,000,000 properties.

Money can’t buy everything

 

[jafo]

Yeah the water being cold is the reason why I don't buy those $16,000,000 properties.

That price is inflated. You can have that heavily discounted.

 

[WorldCitizen99]

kinda like Portugal enticing all the crypto bros then rugging them...

Do you think they will do that with the 'tax-free if you hodl for >1 year' rule also? I confirmed with a lawyer that that is still tax-free.

 

[jafo]

Do you think they will do that with the 'tax-free if you hodl for >1 year' rule also? I confirmed with a lawyer that that is still tax-free.

Don't trust ANYONE!

Unless you DOXX yourself on crypto, nobody knows it belongs to you. I can give plenty of examples, but I don't want to derail this thread.

Disclose ONLY what is necessary for you to pay for your living expenses.

 

[jesuschrist]

Hungary, Croatia, Austria, maybe French Riviera without getting residency there.
Plus houses in the Caribbean or SEA, I like those places for a few months but becomes boring very quickly, I don't think I could live there for long term when I become older.

If the West falls probably China or Russia.

 

[bibing]

Anywhere as long as I'm not more than 5km away from the sea

 

[uranium]

Zero personal taxes, 10 years tax holiday for businesses, high quality infrastructure, good food, nice people, no pollution, low crime, perfect climate, incredible nature under and above the sea.
Can you beat this?
View attachment 5478

How to get PR or citizenship there ?
What are requirements?

 

[JohnnyDoe]

How to get PR or citizenship there ?
What are requirements?

It’s France, you don’t want French citizenship. Residence rules are the same as France. If you have a EU passport you don’t need a permit to reside there.