How to Live in Europe and Pay Almost Zero Taxes
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Top Comments (10)
🇪🇸 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
Portugal here, just cried watching this video... For me, the best is Luxembourg all in all.
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.
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.
Georgia, if you get IE status (Individual Entrepreneur), and you don't earn over $200kUSD a year, you can get 1% tax rate.
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.
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
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.
This will be relevant to me in 5-10 years, good to be prepared.
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 🙏🏽
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Top Comments (10)
🇪🇸 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
Portugal here, just cried watching this video... For me, the best is Luxembourg all in all.
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.
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.
Georgia, if you get IE status (Individual Entrepreneur), and you don't earn over $200kUSD a year, you can get 1% tax rate.
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.
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
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.
This will be relevant to me in 5-10 years, good to be prepared.
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 🙏🏽