Since 1st of September this year I moved to Andorra. After 3 years of Malta I got enough of island life.
Admit...yoiu just went there so you could ski in winter?
Since 1st of September this year I moved to Andorra. After 3 years of Malta I got enough of island life.
Last time I looked (which was a couple of years ago) property was fairly expensive there. Big change, climate wise from Malta, but you'll be closer to civilisation with both Spain and France next door. Let us know what you think of the place after 18/24 months or so. Was it easy to relocate there?
I'll admit to that. Plus some downhill mountain biking in summer.Admit...yoiu just went there so you could ski in winter?
I'll admit to that. Plus some downhill mountain biking in summer.
Germany is the negative opposite to a tax haven!
60% of the worlds Tax documentation was written about the German Tax system!
Trading stocks etc if bought and sold in the same year is treated as taxable income. Plus all the living costs are high, plus there are insurances and other taxes that you cannot get out of. >50% of your earnings will be taken by the government/insurance/pension companies.
Come to think of it. Why the hell do i live there!
Switzerland & Austria would be similar. Poland i don't know.
Seriously? I thought in Germany all gains would be classified under capital gains tax based on a sliding scale? It's seems that is lower then ordinary income. I could always pay US taxes instead, right? I'm quite aware of the health insurance but I guess it's better then not having any at all here stateside and if you do, nothing is covered. Would I have to pay into the German pension system as a US citizen? I will have residency since my wife is an EU citizen. I daytrade fulltime, so no job needed. Thanks for responding.
It's not an option to choose where you pay tax. If you live in germany, you pay tax in germany on world income.
It is effectively capital gains from trading but this is only added to your income after a certain amount of CG allowance.
The alternative could be Andorra like the other guys are mentioning. They have no taxes on CG or income so long as you are considered "there" more than 183 days a year. Its a bit complicated and you need to give the government a €33k bond to be allowed to live there. Refundable when you leave. Others will know more. I'm only repeating what i read on the net.
malta has the edge over cyprus
I'll admit to that. Plus some downhill mountain biking in summer.
ok so now I am very interested. Trading, Downhilling, low taxes... business sense.
Like many here I am looking at moving to avoid giving far too much of my earnings to the stupid mole we call prime minister so she can indulge herself with another outrageous pay rise.
As an Australian resident trading Equity Options on the US markets I am scouring the www for a nice place (or information) to call home for a few/several months of the year.
There is a lot of old information in this thread and I am wondering if it still applies, where are the best places to pay as less tax as possible while contributing to the local economy.
Disregarding weather (not everyone likes +30C) and personal opinions of the place, just ease of becoming a local for whatever time is needed each year to catch a break for someone from the convict colony nation that is Australia.
I've read a few names that seem popular - Andorra, Bahamas, Cyprus, Gibraltar, Isle of Man
any current information would be very appreciated.
I have been researching Andorra as well to move and live in. it will be my choice to go to after researching more than 50 different countries that "offer" tax reduction or tax free living. There is this website I found about Andorra living in Andorra guide on residency relocation advice the creator's fees for helping you move to Andorra seem reasonable and apparently she was a U.K resident before moving to Andorra. I'm also about to start learning the whole trading thing ha ha ha. so any advice regarding trading would be greatly appreciated. Regards Andrew
I'm also about to start learning the whole trading thing ha ha ha. so any advice regarding trading would be greatly appreciated. Regards Andrew
Try Hong Kong??
I have been researching Andorra as well to move and live in. it will be my choice to go to after researching more than 50 different countries that "offer" tax reduction or tax free living. There is this website I found about Andorra living in Andorra guide on residency relocation advice the creator's fees for helping you move to Andorra seem reasonable and apparently she was a U.K resident before moving to Andorra. I'm also about to start learning the whole trading thing ha ha ha. so any advice regarding trading would be greatly appreciated. Regards Andrew
Thank you for the info. I'll look into Andorra. Do you know anything about Switzerland? I haven't been able to find anything out on the net. I was looking into moving to Switzerland or Germany. I found out that Germany takes taxes directly from your monthly capital gains. At least that's what one German forex broker told me. They said the broker handles everything.