How to Live in Europe and Pay Almost Zero Taxes

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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.

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.

[KTMarion]

Thank you to you and your colleagues for always sharing content like this. I remember a couple of years ago when I used to work 14-hour shifts as a waiter. During that time, I would watch different finance news and videos like this non-stop. They kept me informed and also gave me confidence and hope that making money was actually possible. Now, I am in a better financial position with a 6-figure portfolio and have partnered with various foundations aimed at helping the deaf community. Honestly, videos like these were a major reason I am where I am today.

[tae_ethusiast]

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.

[melstark]

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.

[mz_]

I moved to Spain from California in 2019. I came as a resident with a non lucrative visa, since I have a Latin passport I was able to obtain citizenship after 2 years of legal residence and that came about 3 1/2 years total ! My life and expenses changed completely !

[WCFactBreak]

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.

[LUCKHEF]

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 🙏🏽

[todorzolumov]

1:40 Hello from Bulgaria!;)
In addition to the 10% corporate income tax, when you “look what is beyond the headline tax rate”, just like you said, Mr. Henderson, we can see that in Bulgaria there is also a corporate tax of 5% for giving dividents. So the actual tax is 14.5%. :) ✌🏻

[don_kandon]

Same way for usa- its all headline tax. In reality you can pay very little, 2-5%.
1. Realestate is #1 write-off-able in usa. Hence why a lot of rich is in realestate.
2. Owning own business or just having portfolio, and never selling, but borrowing against it, means 0% tax as debt is tax free.
3. Venture Capital. When you buy startup of early state, and hold it for 5 years, once you sell, first 10 million in gains is tax free. Thats why accredited investors just buy a lot of startups with even amount. A lot of those fail, but those who boom, boom big, big time like 10-1000x.

[anapajares-kkrh]

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.

[sergiuravliuc]

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

[goldenturdZeniru]

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

[ah-tron]

You don't seem to mention how difficult it is to be in some of these countries - from a business administration perspective - for those which do business overseas. This can be a real nightmare.

[SonistheFatherofMan]

Great information. Could you make a video discussing the lowest tax countries in Europe for EU citizens? Meaning for someone who doesn't need visas or any permission to live there. Also, if you could point out the ones that do not charge capital gains taxes on foreign held investments that would be awesome. Thanks again sir.

[ricksilver]

Ive been following the channel a long time I need t get out of Canada very badly

[JaredPaideia]

Would love videos that dive into specific countries in unique situations, and that cover those nuances you can find there.

Another good idea would be the lowest time restraining tax havens, like Cayman Islands at 30, Bahamas at 90, Barbados at like 2 weeks, etc.

[billanderson]

If you are tax resident in Dubai you don’t pay tax on foreign dividend income or royalties.
Your home country may impose withholding tax or tax on you but then you need to get advice on how best to structure yourself and using DTAs amongst other options.

[mattanderson]

Brilliant discussion

Excellent Analysis


Thank you Sir

I agree!!

I love your work, and I always love listening to you
Thank you Andrew

[zaursamedov]

FYI in Turkiye, you are exempt %80 of your income tax where it comes up to around %4 yearly taxtation on the income. And no russia threat etc

[nikosgala]

Greece doesnt appear in the video with the chart???? Looks like its part of Turkey! Funny because Greece is EU member state with Euro currency !!!!Need an answer please!

[nnhub]

Living in Hungary can say that being entrepreneur is not the best idea, products and some services will cost you more as high dependency on neighboring EUR countries and we depend on import having nothing produced here