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How to Live in Europe and Pay Almost Zero Taxes

2024-11-28 Education
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Nomad Capitalist
Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ In this video, we reveal low-tax countries and different tax systems that entrepreneurs and investors can take advantage of when living in Europe. Mr. Henderson also explains how wealthy individuals can obtain European citizenship, and break even on doing so, while lowering their taxes. 00:00 Low-Tax Countries in Europe 01:00 Bulgaria 01:39 Hungary 02:03 North Macedonia 02:23 Estonian and Georgian Model 03:21 Lump-Sum Tax Regime 04:03 Poland, Greece, Italy and Switzerland 05:43 How to Break Even in Five Years on EU Citizenship 06:59 Tax-Friendly Islands 07:07 Non-Dom Tax Regime, Ireland and European Residence 08:52 Malta, Cyprus and Spain: Tax and Citizenship Options 10:02 Flexible Tax Regimes and CFC Rules 13:18 Citizenship Opportunities and Low Tax vs. Zero Tax 14:32 Georgia's Territorial Tax System and Freelance Regime Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Top Comments (10)

@nomadcapitalist 2024-11-28

🇪🇸 Get ready to see luxury living in Madrid, Spain at its finest (and to learn more about the Beckham law and pathway to Spanish citizenship). Live Like a King in Madrid is here: https://www.youtube.com/watch?v=0Y9HskItx60

40 3 replies
@goldenturdZeniru 2025-01-08

Portugal here, just cried watching this video... For me, the best is Luxembourg all in all.

15
@tae_ethusiast 2024-11-29

Bulgaria: - if you have a company, it's 10% corp tax and 5% dividend tax. Take your money out as salary and you'll pay 6k EUR max + 10% income tax only instead of 10+5. - if you register as a freelancer, you'll pay 7.5% income tax (10% - 25% expenses) and up to 6k EUR social contributions It's an amazing place for people who provide services remotely.

155 18 replies
@WCFactBreak 2024-11-29

As a Bulgarian having an accoutning company I can confirm that. In Bulgaria, especially if you run a business, the effective tax rate may be even lower than 10%. I do not recommend the contracts (labour and civil) as they have some additional health insurance related taxes and other small things, however, those are up to a certain limit. Thus, it also depends on your income.

21
@SpaceBrain-1 2024-12-04

Georgia, if you get IE status (Individual Entrepreneur), and you don't earn over $200kUSD a year, you can get 1% tax rate.

55 5 replies
@TheMelsterPrepper 2024-11-30

I realize your clientele is in the top 10% and I think your videos are great even though I don’t make 7 or 8 figures, it would be great if you could recommend companies that can help those in the low 6 figures that want to get out. Or diversify their life like you. There has got to be a first step. I know you didn’t wake up a millionaire and I would love a video about your story. I think it would be of value. As always, thank you for creating these videos. I learn so much.

60 6 replies
@sergiurav 2024-12-04

Moldova gets you flat 7% tax if you're working in tech and open a company in the virtual IT park which is super simple

7
@anapajares-kk8rh 2024-11-28

you should mention what the tax wedge in Bulgaria and Hungary looks like, and it's not pleasant. The social security contributions are insane and even out into a pretty high tax existence.

22 1 replies
@victorpopov3809 2025-01-12

This will be relevant to me in 5-10 years, good to be prepared.

0
@LUCKHEF 2024-11-28

Even tho I’m not a millionaire YET I’ve been able to apply MANY of your strategies to my own life with great benefits! I’m doing 4 countries 3 month each and living a HAPPY life outside the US ! Love you and Nomad Dads thoughts keep going 🙏🏽

43 9 replies

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