Nine Beautiful Low-Tax Places in Europe
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- Опубліковано 9 лип 2024
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Ever dreamed of living in Europe?
Many of us have.
However, Europe’s stereotypically high tax rates have turned many successful entrepreneurs and investors away from the idea in search of zero-tax countries in the Caribbean, Middle East, or the Pacific Ocean.
Here’s the deal: while living in Europe and living in one of the countries with the lowest taxes is a rare feat, it is possible for almost anyone to live in Europe full-time and pay low taxes on their income… even if they’re not a millionaire.
In this video, Andrew shares nine beautiful low-tax places in Europe.
00:00 Start
0:28 Low-Tax Countries
1:35 Moving to Monaco
3:09 Moving to Italy
4:51 Taxes in Switzerland
6:09 Taxes in Scotland
4:28 Taxes in Ireland
8:14 Taxes in Portugal
9:37 Taxes in Greece
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Which of these scenic spots in Europe would you choose? Tell us in the comments!
Near or in downtown metropolis, between Italy, Greece & Prague.
None of the above since Food & energy costs are soaring. Then there is the fact the Europe is become a war zone as the Ukrainian conflict continues to escalate. It gone from shortages to blown up pipelines and undersea cables. You could pay me a billion to relocate to any place in Europe. Europe is repeating the same mistakes that plunged into fascism, communism and world war.
Ireland seems like a nice soft landing, I would be interested in staying in Ireland for 3 months to try it out.
The UK or Ireland 🇮🇪. We love Ireland, and it feels like a natural fit when we are there. ❤
@@leemartinez2975 Ireland is expensive.
Please do not stop doing videos. It is so refreshing and feels like speaking to an old friend. You are adding great value.
150% agree! Keep up the good work you're doing, don't listen to haters!🤗
agreed. 100%
Hi Andrew, I was born in Ireland, and I have an American citizenship. I want to thank you for talking good about my country . It really is a great country. .
Andrew please don't listen to your critics but listen to those who thank you and wish you well we love learning and I am a low earner in American standards who works hard in America who's trying to get a early retirement and try to move overseas I watch all your videos please don't give up ever on the account at these people who have nothing good to say to you. I'm praying for you to be blessed and carry on.
Fantastic video and fantastic information! Thank you so much, Andrew and team!
Thanks Andrew. Another interesting video
I spent two months in Tbilisi, Georgia; two months in Salamanca, Spain; and three days in Porto, Portugal. On September 23rd, I arrived in Paraguay. I've been here for a month and a day.
You can fill it. You can smell the stink of war in the air in Europe. You can see the shortage of food. The price of everything is going up through the roof just like in Australia. That's why I left five months ago. I would not want to be in Europe now !!!
God bless you, and thank you for all your hard work.
Glad to see you in the video. Thanks.
Ty for this nice neat video
Made my morning "that was a parking space " Great Videos i have been watching since your "younger days" great to watch your progress well done
Thank you, Ms. Gallo.
Been listening for a bit and enjoyed it a lot. One thing not mentioned that I would like to hear about, given the state of these countries at the present time... is safety, and freedom policies for each area.
Thanks for the idea.
Thanks Andrew! I'm sorry the toxic people have been a factor in your recent decision. Best regards from Switzerland.
what happened? how did he escape?
@@AquariumRuss He made a video yesterday where he explained he is stepping back from doing the majority of clips.
Thank you for the kind words. Ultimately, it is what is best for the business to deliver more value from more smart people. We hope you'll join us.
Thanks Andrew
That was a quick "retirement". Absence does make the heart grow fonder. Just don't be away for too long and we'll all have better mental health.
Obviously, it's a previously recorded video. He said he would release though.
Great video 🔥
Tip: I think a lot of people would also love to know what the minimum amount of days is that you have to stay in the country.
Thanks for the idea.
Will someone specify the differences between Switzerland and Liechtenstein? Nice video Andrew!
Do u suggest “House Sitting “ in any of these places b4 deciding on staying long term?
Hi Andrew, thanks for your content. We moved to Portugal in 2021 and secured the NHR tax regime for 10years. Need to find out the benefits and how to make use of it to the fullest. At the moment our income isn't that great but working on that 7figure. Investments are all in place so once the economy acts normal we will grow fast.
5:40 schwyz is also pretty cheap (no lump sum) and very beautiful at the lake zurich, 30 min to zurich. much high end real estate there.
I would like to add an information about french citizens living in Monaco.
Since 2014 a judicial decree went on against the France-Monaco tax treaty that says that any french citizen who lived in Monaco since his/her can benefit from Monaco’s tax-exemption. Monaco’s authorities are very happy with decision because they were losing a lot of their french residents due to the french taxes and it’s still a step towards the right direction until the ultimate goal which is the total end of taxes for all french citizens in Monaco in which associations of french citizens are fighting for in court against the french state because this citizenship-based article imposed on a the France-Monaco tax-treaty is illegal as france doesn’t apply citizenship-based taxation anywhere else in the world but only in Monaco.
I know you had a rough childhood and have experienced jackapes here ,but you are the BEST!
Very kind of you to say that; thank you.
Good video, what about Andorra and Liechestain? On the other hand, Azores Islands in Portugal have less taxes than mainland Portugal and better climate overall. I would also add Canary Islands in Spain there couple interesting tax incentives for business there.
Thank you for the ideas.
I listen to you and it makes me want to just stay a tourist
Andrew, what do you think about the Bulgaria tax system? Do you think the Bulgaria tax system is good? Do you think Bulgaria is a good place for live / start a bussines?
Andrew, are you aware that recently Andalusia (province in Spain) decided to scrap the wealth tax? This is a real BIG THING in Europe, especially for 7/8 figure rich people, from a wealth perspective.
Andrew why isn't Cyprus (Non-dom) option mentioned?
Can you make a video of which countries are better for freelancers in the EU?
Thank you for the idea.
What about the Channel Islands ...?
How about retiring in Milan? What are the pros & cons? How much retirement money needed to settle in Milan, per person?
Interesting topic idea.
Nooo Andrew ...you cannot leave us...period.
Quite surprised you didn't mention Malta or Cyprus...
What would you want to live on an island like Malta?😂
What’s a good country where I can live an off grid lifestyle like in Alaska or Washington climate?
What’s the name of the region in Switzerland?
Switzerland is still the most attractive; Italy second, especially up near Switzerland.
No mention of Cyprus, Andrew? It has one of the lowest corp and income taxes in Europe and almost fully English speaking. You can even get taxes down to almost nothing if your company is in another country. Great place to go for people leaving the UK as well.
Also no mention of Bulgaria where there is a fixed 10% income tax, which is really low.
@@semaph0re Was going to mention Bulgaria as well but I think Cyprus is much better, especially for English speaking.
@@PixPete I was also about to mention Bulgaria until I saw in the title: "beautiful places" lol
@@castolo4790 Haha well some parts of Bulgaria are nice, they even have beaches which are lovely over the summer.
We wanted to focus on beautiful places that don't get discussed here as much.
Looking for non residental places,
for internet / e business profits.
Any suggestions?!
I am from Germany, heard Gibraltar is great
Lake Como, might bump into George Clooney
Omg I was just Monaco in September and it’s way too crowded. Many other good places in France better choices, imo.
Athens isn’t underwhelming. Spend more time there. I used to think the same
Scotland has low taxes? I didn't know, how much are taxes there?
Same tax bands as England, Ireland and wales. But we pay an extra 1%. No idea how Scotland found its way into this list. I pay around 47% direct taxation… food and fuel costs are higher the further north you go.
For some foreigners, yes.
So Andrew have you got the new Mercedes yet? How is it? Are you enjoying your new toy?
As usual no mention of Andorra. I even prefer it to Switzerland, not so backward looking
We have mentioned Andorra here among other places: ua-cam.com/video/bF5Jooyo0dQ/v-deo.html
For Greek citizenship isn’t that if you’re a male you have to do one year of mandatory military service? I’ve been contemplating getting my citizenship in my ancestral homeland, but I don’t like high taxes either…
You ought to contact the Greek embassy in your country. They can tell you
@@mathisnotforthefaintofheart good call. I’m in the US.
Portugals 10% NHR is still available!
San Marino
Where is Montenegro
Why are you not making video on UKs economic collapse and political instability??
We all deserved a good life
Such ideals are dwindling in the west I’m afraid. From Diamond miners to homelessness in western Canada.
Please don’t go Andrew!!!
Portugal, don’t know, was nice and obscure somewhat years ago. Now, it seems like everyone and his brother is considering that. Forgive the expression. Too many millennial peoples for me from what I understand. Nothing against those people, it just seems that group seems to be what’s shown on most videos. But, glad for them, bec. they need to get out of America. We just don’t want to be swamped by one demographic, primarily. But, v thrilled they at least have found a place, spot, out of the US. A blessing. Probably more interested in Italy, as far as Europe is concerned, lots of old people there. We’ve always preferred ‘older people’, since we were 22. Wisdom, and want someone you can learn something from, and history. They also ‘say it as it is’, no beating around the bush. (lol). They hang out in the restaurants, cafes, etc., like a Coffee Klash….probably spelling it wrong…a German word, thing. Eastern Europe, some interesting places and Russia. Have to look up their tax structure. Ty
Doers love people like you. Lazy people are haters of people like you. Just keep pushing on, Andrew.
Thank you.
US Citizens pay tax on all World Wide Income. Do you have to give up US Citizenship ?
No you never have to give up US citizenship if you live overseas but you still have to file taxes to the IRS every year even if you don’t owe anything.
Not necessarily. It depends on your situation. We help Americans reduce their taxes to the maximum extent possible, particularly entrepreneurs.
@@nomadcapitalist Thanks ! I see you have discussed using Offshore Companies.
That's not 9
I'm not sure if you know about the war in Europe there !!!
Yes, in Ukraine.
gross
Canton Zug and canton Schwyz in Switzerland.
I read that the golden visa and in Greece is doubling to 500k
For some categories, yes.
Living in Italy …. You got to be kidding me 🤣🤣🤣🤣🤣. Where do you want me to start from to list all the “ cons” of even considering Italy as a place to retire ?!?!? P. S. Watch less Hollywood movies about my native country and go there for just a month before making the worst decision of your life . That’s all I can say …..
Please enlighten me on the cons. I'd really like to know.
@@sirgalahad2 let’s start with the notoriously inefficient and extremely slow bureaucracy, ok ? Then let’s add to it a high degree of corruption and infiltration by the mafia and/ or organized crime . Talking of which , safety in Italy , particularly in big cities like Milano , Roma , Torino , Bologna , Firenze is virtually non existent due to the overwhelming presence of illegal immigrants from Africa , Eastern Europe and Middle East/ Asia. I can continue with the skyrocketing prices of EVERYTHING, starting with electricity , gasoline , heating and cooking gas and water that just doubled in the last six months due to the war in Ukraine. Last but not least , the real danger of a nuclear attack by the Russians which is a clear and impending apocalypse waiting to happen .
@@itadrummer1 Why would russia nuking ukraine be an apocalypse waiting to happen? Also, which group would you say are the worst/best comping the eastern Europeans, middle easteners, Asians, and Africans?
We were literally just there.
You guys are literally OBSESSED with Europe and I don’t understand why ! Particularly now with a clear and impending nuclear danger lingering all over the continent and an apocalyptic energy and financial crisis that is about to take place!! Do you guys live under a rock or just in a parallel reality ??? Just asking …..
Europe is still the center of the world, everything is in Europe, families etc. That's why they care, not everyone can leave everything behind. If you have a wife and you go to dubai to expand your business and live there and she has a lot of friends for example in Germany or the UK etc, she will never see them anymore on a daily or weekly basis, unless you have the money to fly back everytime, maybe your kids are homesick, god knows. That's the reason. If you are single and have the world open for yourself, none would live in Europe.
The biggest appeal of Europe to me is the walkable cities. I’m in the US and wish I didn’t have to have a car
Reasons like family, ancestral roots, sites for history/architect lovers, better food, less homelessness, not paying 4-5 more for groceries, being in a more civilized acting society, excellent transit systems, softer nature, less big box stores, progressive infrastructure, less sales tax, more beauty, less visible street drug use
@@JasonSleiman4thewin Manhattan is walkable enough
@@thefluffyfrog Lmao, he said "ENOUGH"... it's a fucking concrete jungle. You can't even compare the average European city to Manhattan😂 But hey, good job on finding at least ONE place🤣