Europe’s New Tax-Friendly Country

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  • Опубліковано 22 лип 2024
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    Discover Europe’s latest tax haven hidden in the heart of the continent! While countries like Switzerland have long been synonymous with tax benefits, Poland emerges as a new, cost-effective option with its innovative lumpsum tax program. Join us as we delve into how this program works, its financial implications compared to other European nations, and why Poland might just be the ideal destination for savvy investors and entrepreneurs looking to optimize their tax strategy in Europe.
    00:00 Start
    00:19 Poland's Lumpsum Tax Program
    1:56 Benefits Beyond Tax Savings
    3:43 Cultural and Economic Considerations
    5:04 Steps to Establish Residency in Poland
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КОМЕНТАРІ • 425

  • @gavnonadoroge3092
    @gavnonadoroge3092 17 днів тому +173

    the problem with any country is that it can change its tax code at any time

    • @JoATTech
      @JoATTech 17 днів тому +17

      Tax code changes in Poland so often, that accountants have problems keeping up with it.
      And last time when they changed it - called in "New Order" - we haven't known what is going to happen in next tax year when we were choosing tax scheme for that year ....
      Poland is really 2nd or 3rd world country in terms of taxes.

    • @ivanwronsky
      @ivanwronsky 16 днів тому +8

      ​@@JoATTech they don't call it "New Order". It was called under previous government a "Polish New Deal"

    • @JoATTech
      @JoATTech 16 днів тому +4

      ​@@ivanwronsky Not sure about English name. The most important thing is that no one asked me if I want that "New deal".
      The name does not matter, what matter is that rules of the game was not know to the last day of tax year.
      Actually I pay a bit less taxes now, but this "New deal" caused that my small business does not invest in itself as much as before (and in the market).
      Since I was forced to switch the tax scheme, to not pay more I'm not able anymore to deduct my company expenses. So I do not spent the same amount on new tech as before. This means the companies I've been spending money with do not have my money anymore. I guess the same thing is valid for 100k-1m small companies like mine. This caused some stagnation on the market for sure.
      The people who create tax schemes in Poland has not idea how companies work.
      So they are creating havoc with all their changes.

    • @tonylouis708
      @tonylouis708 14 днів тому +1

      True

    • @bpd9660
      @bpd9660 13 днів тому +1

      Bingo...

  • @SC18943
    @SC18943 17 днів тому +124

    Poland is taking many US companies from Netherlands.
    I have worked with many Polish people and they were appropriate, hardworking and kind.

    • @PacmanBrunner
      @PacmanBrunner 17 днів тому

      Shi Im tryn be out there. Im Black from the US. Want a new place to post up at

    • @SC18943
      @SC18943 17 днів тому +6

      @@PacmanBrunner I'm not black so can't speak like I get it.
      Poland is a conservative country and you're coming from too far both demographically and culturally.
      Try intra-company transfer from US if you're not EU.

    • @DeusExMachina50
      @DeusExMachina50 17 днів тому

      Do they speak English?

    • @SC18943
      @SC18943 17 днів тому +4

      @@DeusExMachina50 I worked with them in international companies so it was a requirement but the original language is Polish.
      I don't think it is doable to live there for long not speaking Polish.

    • @DS-vx3wf
      @DS-vx3wf 17 днів тому

      that's working class and folks who need a job.

  • @MichelePonte
    @MichelePonte 17 днів тому +59

    I love Poland, most people still have values!

    • @karo2090
      @karo2090 15 днів тому

      Unfortunately, this is all coming to an end and the new government
      will be importing africans and muslims who will turn Poland into a shithole.

    • @tonylouis708
      @tonylouis708 14 днів тому

      Sadly it's slowly going woke just like the rest of the now degenerate west atleast in it's big cities!

    • @Rudelherz
      @Rudelherz 11 днів тому

      Exactly. Unlike most others unfortunately by now. I love Poland, greetings and respect ❤

    • @1vaultdweller
      @1vaultdweller 2 дні тому

      By "values" you mean "conservative backwards ideology" full of sexism, racism and religious bigotry ?

  • @Hfgh564
    @Hfgh564 17 днів тому +202

    I'm russian who opened a small business in Poland some years ago and moved to live. It was the best decision of my entire life. I love the place, I love the ppl, I love the values of society. Even with my "not the best descent" nowadays - nobody cares. Just be a decent human and learn the language, poles will like you!
    Btw, English is very much accepted here and ppl are happy to speak it even though not everyone can, they'll try to help! Poland is amongst the last EU places with NORMAL human values.
    WAWA to become the new economic and business capital of EU! 😂🇵🇱🇪🇺

    • @def6420
      @def6420 17 днів тому +15

      Я рад что вам Польша нравится! Поздравлаю из Белостока!

    • @IamSovereign
      @IamSovereign 17 днів тому +2

      May I as where did you move to in Poland and which other places would you recommend to move to in Poland?
      Thank you

    • @Hfgh564
      @Hfgh564 17 днів тому +5

      @@def6420 Dzięki!

    • @Hfgh564
      @Hfgh564 17 днів тому

      @@IamSovereign heavily depends on what you're going to do.

    • @def6420
      @def6420 17 днів тому +8

      @@IamSovereign Depends what you are looking for. The most popular would be: Warsaw, Gdańsk (tri city), Wrocław, Kraków.. . However some smaller cities like Białystok also offer a lot of peace and some decent business opportunities as there are skilled people there and not everyone wants to move to Warsaw. Depends what is your goal.

  • @ps-dn7ce
    @ps-dn7ce 17 днів тому +249

    There are more reasons to live in Poland: low crime rates, excellent infrastructure, and a dynamic job market. I can see many Polish families moving back from London/the UK to Poland because of the quality of life there.
    In fact, after twenty years in the UK, returning to Poland is quite a bit of a shock. The place looks more modern than the West right now - it's probably due to a complete lack of investment in the UK and other Western countries and massive infrastructure buildout in Poland.

    • @raulthepig5821
      @raulthepig5821 17 днів тому +50

      Also Poland allows zero illegal immigration.

    • @skavihekkora5039
      @skavihekkora5039 17 днів тому

      With new govt its going the opposite direction and theres more and more criminal migros with gangs there, safety is basically gone, but still have like a decade before it shits itself to uk/germany level.

    • @skavihekkora5039
      @skavihekkora5039 17 днів тому

      ​@@raulthepig5821not any more

    • @emh6844
      @emh6844 17 днів тому +46

      There is a reason why Poland has a low crime rate. But one cannot say here

    • @PacmanBrunner
      @PacmanBrunner 17 днів тому +1

      Sounds like a place I might wanna slide over to. I like being the token. How much do they like Black people from America? I wanna post up see wat its like. Do they got flights for us and do free housing till we get on our feet?

  • @raphaelolivier9606
    @raphaelolivier9606 17 днів тому +86

    I've lived in France, Spain, US, Thailand, China, Singapore, South Korea and Poland. Warsaw was the best city where I have ever lived, by far. Poland is amazing.

    • @DeusExMachina50
      @DeusExMachina50 17 днів тому +4

      Why was it the best?

    • @niemamnicku1359
      @niemamnicku1359 17 днів тому +2

      @DeusExMachina50
      They make good sausage and beer.

    • @raphaelolivier9606
      @raphaelolivier9606 17 днів тому +18

      @@DeusExMachina50 a combination of many factors, long to explain but basically: super safe, friendly people, very well developped, good english spoken, good location for travel, great quality apartments, great food scene, convenient daily life... most people who travel there are shocked to realize how awesome this country has become.

    • @Hongsebaoshi
      @Hongsebaoshi 17 днів тому +2

      Ohh
      I'd like to hear how it was in China and Thailand

    • @Hfgh564
      @Hfgh564 17 днів тому +7

      @@raphaelolivier9606 man, I agree 💯. I've been to 30-40 countries, and every time I come back to Warsaw, it feels I come back to civilization 🙂

  • @simplysonya68
    @simplysonya68 17 днів тому +20

    I absolutely love: and am proud to call Poland home 🇵🇱❤️

    • @zino8068
      @zino8068 14 днів тому

      How's it for an African woman?

    • @simplysonya68
      @simplysonya68 14 днів тому +5

      @@zino8068 I’m not African , I’m a Black American. I will say that have not had any major issues. Poland is welcoming to all who assimilate and embrace their morals and values. I chose to move to Poland because I believe in the core morals and values that the country still holds. There are quite a few Africans /African women in Poland and it seems like they’re doing well. 🙋🏽‍♀️❤️🇵🇱

  • @BBStyles777
    @BBStyles777 17 днів тому +20

    What a great option! Hopefully Poland will stay on this positive path. They have been through a lot over the centuries.

    • @PacmanBrunner
      @PacmanBrunner 17 днів тому

      Im Black from USA Im tryna go out somewhere on the come up where my money will buy me more. Im not tryna work more than 15 hours max per week

    • @abcki-bk8me
      @abcki-bk8me 17 днів тому +2

      America is not sending their best...

    • @BBStyles777
      @BBStyles777 15 днів тому

      @@PacmanBrunner try working 70 hrs per week, the way I had to work. Then, maybe you will get ahead.

    • @PacmanBrunner
      @PacmanBrunner 14 днів тому

      @@BBStyles777 Lls fuak no.My ancestors built this country we still aint got paid yet.

  • @waldek32
    @waldek32 14 днів тому +11

    Greetings from Poland. I have left UK long time ago....but don't forget about war possibility

    • @Rudelherz
      @Rudelherz 11 днів тому

      How is the situation now?
      Can you tell anything about the possibility Poland going to war?
      We love Poland and would want to live there long term. Unfortunately these times are crazy for any place to be. 😢

    • @AlexK-wo3xi
      @AlexK-wo3xi 4 дні тому +2

      @@Rudelherz it's safe don't read too much mainstream media

    • @anthonycubadugosz109
      @anthonycubadugosz109 День тому

      war possibility? bro…

  • @Miroslaw-rs8ip
    @Miroslaw-rs8ip 16 днів тому +9

    I was born in Poland but grew up in Canada, now I’m considering going back and getting my citizenship.

    • @nomadcapitalist
      @nomadcapitalist  15 днів тому +1

      You may already have it.

    • @Chris-uo1zk
      @Chris-uo1zk 15 днів тому

      Please stay in Canada, Poland doesn’t need canadians to spread their communist ideologies in Poland.

    • @1565kat
      @1565kat 13 днів тому +2

      I moved to Poland from Canada 3 years ago and it's the best decision I've ever made! (Born in Poland, in Canada since small child). Do it! You won't regret it!! And you are already a citizen! :) Welcome to the good life!

    • @miroslawfilipowicz3827
      @miroslawfilipowicz3827 4 дні тому

      If you don't have a valid polish document you have to start from scratch. I is going to take you about two years ,unfortunately. Good luck!

  • @voi2100
    @voi2100 17 днів тому +38

    You didn't mention that:
    1. You can cash out crypto to USDC without tax (19% tax applies only when you cash out crypto to fiat money). It's like in France.
    2. Poland has introduced a new vehicle named "fundacja rodzinna" which allows you to invest in securities (shares, bonds) and real estate without tax if you don't withdraw money from the vehicle (when you withdraw it's 15% tax only). There is no dividend or interest tax under this vehicle. It doesn't cost much to maintain this vehicle (1-3k euro per year).
    3. Most of the young people speak fluent English in Poland.
    4. There are 5 times fewer crimes in Poland than in Western European Countries.

    • @yts4106
      @yts4106 17 днів тому

      But if you first sell btc or eth , isn't that in itself a taxable event?

    • @voi2100
      @voi2100 16 днів тому

      @@yts4106 if you sell btc or eth to usdc then no tax.

    • @peteinthepocket9208
      @peteinthepocket9208 16 днів тому

      If you are taxed under this scheme (+/- $75k/yr) does the 19% tax rate still apply?

    • @pinetworkminer8377
      @pinetworkminer8377 14 днів тому

      Why did you use the term "cash out crypto" for converting, for example, BTC or ETH to USDC? Isn't USDC a stablecoin, which is also a crypto? I'm confused.

    • @albertcieplinski1870
      @albertcieplinski1870 14 днів тому

      And the 5% income tax for professionals selling rights to Intellectual Properties. So basically most people in IT among other roles.

  • @okiejammer2736
    @okiejammer2736 17 днів тому +4

    I so enjoy your videos and information. The presenting of options, the possibilities 'out there' makes for What's Next strategy-talking for my family, and this is huge. Blessings to you and to yours, sir.

  • @silverfox4123
    @silverfox4123 17 днів тому +11

    You may ‘save’ tax money in Switzerland but the cost of living is high and home ownership is low due to home prices. My grandfather was Swiss and it is a beautiful country. Another positive, it has a ton of mountain WW2 bunkers if s**t hits the fan and can effectively shut the country off. Unfortunately, I do not believe I can get a Swiss passport as my mother never pursued hers and the process is complicated.
    I really need to work on potentially getting an Italian passport through my Great Grandfather on my father’s side.

    • @Xxxbadassxxx
      @Xxxbadassxxx 17 днів тому

      Definitely try to get the swiss passport, it is pure gold with no cost for you

    • @sprezzatura8755
      @sprezzatura8755 3 години тому

      I think with your time passport you can live in Switzerland. I know it's expensive but there are so many positives. You are much more connected to Greater Europe while still being in a protective bubble.

  • @uandme41
    @uandme41 16 днів тому +5

    We need to talk about the weather… summers are amazing, but apart from those 2-3 months in a year it’s pure misery…

    • @nomadcapitalist
      @nomadcapitalist  15 днів тому

      There are more warm tax-friendly countries than cold ones.

    • @Abe_06
      @Abe_06 3 дні тому

      Global Warming is making it miserable to live in warm climates

  • @justjacqueline2004
    @justjacqueline2004 17 днів тому +15

    So many wealthy people are leaving the UK either for the Islands or totally to tax havens .One of my oldest bosses moved to Monaco ,which he hates,but will put up with for his childrens' sake.

    • @DeusExMachina50
      @DeusExMachina50 17 днів тому +1

      Which islands?

    • @tpynegar01
      @tpynegar01 17 днів тому +2

      @@DeusExMachina50 The Isle of Man but if you are willing to provide a lot more paperwork and deal with a two tier property market then Jersey or Guernsey.

    • @Vierett
      @Vierett 15 днів тому +1

      There's also Sark.

    • @brianhenry7983
      @brianhenry7983 11 днів тому

      I've seen pictures of monoca, I don't see the allure. It looked basic with ugly buildings and super compact and crowded.

  • @raulrecio92
    @raulrecio92 15 днів тому +4

    Poland is awesome I lived there for 9 years and I’m currently considering moving back. This said, you’ll never learn the language unless you’re from another Slavic country. I promise

    • @ksieznamusic
      @ksieznamusic 11 днів тому

      I worked with Arabic person who learned Polish quite easily. He was just learning few words every day and practised that's it and his Polish is pretty good. I think If You say yourself its very hard you'll find excuse to drop it but If Youre approach is I can do that You'll find a way. Maybe proffesional teacher!

  • @byfmp
    @byfmp 16 днів тому +6

    As polish citizen I can add
    that to register LTD company you need 5000PLN what is about 1200 euro more less.
    As a sole trader you can pay 5,5% if its construction like brick laying, roofing etc, internal works in construction 8,5% tax... Sole traders need to pay social security and it's not like in other countries. If you earn nothing during the month you still need to pay around 700euros (have of it if you just beginnig your sole trade)
    If you earn more than 300000pln during the year you need to pay hidden tax around 6000pln it's called health insurance but it's just a hidden tax :)
    BTW because of you my head opened so maybe I will figure out another passport

  • @caustinolino3687
    @caustinolino3687 17 днів тому +50

    The biggest problem with Poland is the Polish language. Not exactly easy to pick up.

    • @def6420
      @def6420 17 днів тому +23

      You can get around with English just fine.

    • @medialistener
      @medialistener 17 днів тому +18

      Polish language hard to pick up? ;) compared to what? Hungarian? Finish Language? German grammar? French spelling? :)

    • @caustinolino3687
      @caustinolino3687 17 днів тому +4

      @@medialistener Compared to any romance language or English.

    • @niningsetia4213
      @niningsetia4213 17 днів тому

      ​@@def6420😢😢

    • @niemamnicku1359
      @niemamnicku1359 17 днів тому

      @caustinolino3687
      You don't need it in bigger, leftist cities.

  • @SuperWhiteshadow1
    @SuperWhiteshadow1 17 днів тому +8

    Keep the border closed, keep it Polish.

  • @frankpoole1
    @frankpoole1 17 днів тому +31

    Poland is tax heaven for small businesses. LLCs pay 9% of CIT if their revenue is less than 2 million Euro.
    What's more, as a manager/CEO you may choose to be employed with Management Contract and not with standard Emplyment, and then you only pay 9% health insurance and no other social securities (retirement).
    Free from PIT is first 45k PLN. Then up to 120k you pay 12%, above that 32%
    Further more if you are a creative or programmer, you can be paid on Opus Contract (sorry can't find good translation) meaning that you are to provide specific piece of "art" like text, sculpture or a computer program, if you give away authorship rights then you can count 50% of contract amount as a "production cost" making PIT effectively 6%. From such contract there is no required health insurance!
    Now if you put that together, as a programmer you establish LLC, pay yourself as Opus Contract and your total taxes and socials can be as little as 6% of income😅

    • @bezyk.digital
      @bezyk.digital 17 днів тому +1

      what about vat?

    • @CherifRahal
      @CherifRahal 15 днів тому

      Like a freelancer ?

    • @roddcollege
      @roddcollege 15 днів тому

      That's great! Thanks for the info, it's similar to Colombia's simple tax regime

    • @ahbe9232
      @ahbe9232 14 днів тому

      but u still get the crappy EU policies

    • @bilalabderrahmane7164
      @bilalabderrahmane7164 12 днів тому

      U can also serve and invoice all EU clients without bother

  • @Coachchuateckguan
    @Coachchuateckguan 15 днів тому +4

    i just came back from warsaw for a week on a euro trip and i liked it the most out of Berlin, Prague, Stuttgart.

  • @amarug
    @amarug 17 днів тому +2

    Poland has made crazy strides and has become really modern and successful. But it's still difficult as a foreigner. The language is bonkers difficult, the people often seem rude, which in many cases are probably just artifacts of cultural and linguistic barriers, so it can feel like a cold distant place for outsiders.

  • @primavent1
    @primavent1 4 дні тому

    Poland is a nice country. You really know you live in Poland when you look around. You’re surrounded by real Polish people, talking Polish. So special!🎉

  • @omarmiz
    @omarmiz 15 днів тому +1

    I’m currently in Copenhagen Denmark but after visiting Poland I’d much much prefer to be living in Warsaw or any city in Poland. Real people, and a sense of freedom there.

  • @user-yp1cs6xc8g
    @user-yp1cs6xc8g 4 дні тому +1

    As a Polish person, tax heaven is the last thing I'd call my coutry. I think corporate tax rates are chill. Until you come into understanding of so call ''social taxes'', the heritage of the communist era social systems. Not only as an enterpreneur you have obligation of paying health, retirement, and 5 other taxes I can't name. The full entitlement work contract for a worker that makes 5000 euro gross, nets 3000 euros, I'd say a factual tax on that nears 40%. That's not a definition of a tax heaven in my understanding. That being said, Poland has many advantages for when it comes to high economic development rate.

  • @MuscularMan008
    @MuscularMan008 17 днів тому +2

    Hey andrew can you explain this to me?
    submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually
    Does this means that one has to pay 250k dirhams every year despite paying the 2m dirhams upfront for golden visa???

    • @nomadcapitalist
      @nomadcapitalist  17 днів тому

      Please speak to our specialists for detailed information on this requirement. You can reach out to them through this link: nomadcapitalist.com/apply/

  • @JoATTech
    @JoATTech 17 днів тому +12

    Other than that Poland is tax HELL - for poor people :D
    VAT at 23%. As 1 person company I pay ~38% taxes even though I optimise my taxes to the max (even my accountant is surprised what trick I pull from my sleeve).
    Sure if you are rich enough you can pay 0%, but you have to be able to afford Estonian shell company and good layers :D.

    • @saintstyle
      @saintstyle 17 днів тому +5

      Exactly! Anyone interested in Poland should just read about their tax rates especially personal income tax. This video is ridiculous.

    • @JoATTech
      @JoATTech 17 днів тому

      @@user-uq4qe2om5y I'm actually Pole suffering for insane tax rates here in Poland.
      Also being 1 person company I pay for social security insane amount (for Polish standards) getting nothing in return.

    • @JoATTech
      @JoATTech 17 днів тому +1

      @@saintstyle For someone bringing 100m EUR/USD business here this might make sense, but I guess they do not care about such tax savings anyway. Usually corpos pay 0 tax here. Only tax they pay is the tax for their employees. Other than that with creative accounting billion euro companies pay less corporate tax than I (being 1 person small business) pay ... really.

    • @JoATTech
      @JoATTech 17 днів тому +1

      ​@@user-uq4qe2om5y Of course you can maneuver a bit around the VAT, but it depends which tax scheme you have.
      Actually VAT is the highest tax I pay here, although I rarely spend money on stuff which is not related to my business.
      But generally 23% VAT is brutal as you said.
      Plus is that prices in Poland are probably 1/4- half of the prices in US, unless we are talking about tech stuff (like Mac, phones, cameras), then it's 30% more expensive than in states, and we earn 1/4th of the states wage ... brutal.

    • @saintstyle
      @saintstyle 17 днів тому

      @@JoATTech they still have to pay the income tax which is very high.

  • @quinntheeskimooutdoors6234
    @quinntheeskimooutdoors6234 17 днів тому

    Thanks for sharing 😊

  • @wojtekfitowski636
    @wojtekfitowski636 17 днів тому +11

    Meanwhile polish companies are moving to other EU states because of high taxes

    • @sakakaka4064
      @sakakaka4064 13 днів тому +2

      They're not though

    • @anthonycubadugosz109
      @anthonycubadugosz109 День тому +1

      jesteś w stanie podać realne dane o tym świadczące? czy klasycznie lecimy na anegdotach?

  • @jackcoleman7262
    @jackcoleman7262 17 днів тому +4

    opinions on balkans and central asia, future predictions?

  • @sid8574
    @sid8574 5 днів тому +1

    Problem is it’s property rights are weaker than Malaysia

  • @alwayslearning7672
    @alwayslearning7672 17 днів тому +2

    Poland has a bigger GDP per capita than Greece Portugal and soon Spain.

  • @albertcieplinski1870
    @albertcieplinski1870 14 днів тому

    Dude, you nailed the pronunciation of my hometown, Wrocław. That's rare. Now, just Złoty. It's pronounced with an 'o' like in 'born,' not the 'ah' sound you were using. Anyway, it's good to see you're still posting -- it's been a while.
    By the way, I used to watch your videos a few years ago when I was thinking of moving my tax residency elsewhere. But then the government here introduced a 5% income tax for folks selling the rights to their IP, which I do, and voila, they gave me the tax rate I was looking for without having to move 🎉

  • @anthonymoney6471
    @anthonymoney6471 14 днів тому +1

    Just got married in Poland to a Polish Wife, I am intending to move within the next year to Poznan, I have visited once a month for the past 9 years and have noticed the cost of living has increased markedly especially property, its still cheaper than the UK but the gap has definitely closed. I don't underestimate the difficulty of learning the language, however most major cities English is widely spoken.

    • @user-pt2sh1fh8q
      @user-pt2sh1fh8q 5 днів тому

      poznan is a hidden gem, imo most livable city in poland apart from sopot.

  • @spitsynmykhaylo
    @spitsynmykhaylo 17 днів тому +1

    75.000 usd for me as owner of the companies or for my polish company?

  • @cpcreit
    @cpcreit 17 днів тому +8

    given Ukraine's War trajectory, not so sure about this one....and the weather, not so sure again....

    • @ksieznamusic
      @ksieznamusic 11 днів тому

      What about the weather? 😂 We have lovely spring and summer. Autumn is colourful and still pretty warm and stable and nowadays during the winter sometimes theres no snow! And not mamy temeratures on -. Its -5 rarely -10.

    • @cpcreit
      @cpcreit 10 днів тому

      @@ksieznamusic no offense, I am accustomed to 50-80 degrees F....any place that drops below 30 F regularly (90 days or more per yr) or rises above 90 F regularly (90 days or more per yr) isn't something I would consider good weather to live...

  • @Radcode
    @Radcode 13 днів тому +1

    Even better, Polish LLC can pay only 5% Corporate tax if you are selling IP. You personally can establish a Family trust and then pay 0% tax as long as the profits are reinvested. There is 15% tax on distributing money out of the trust

  • @makeyourlifeeasier5794
    @makeyourlifeeasier5794 17 днів тому +9

    I can buy an awful lot of Kielbasa for $75,000 a year...

  • @showmytime9177
    @showmytime9177 17 днів тому +2

    great, now only if I have a billion dollars in savings/investments so I can go to Poland.

  • @user-vd8jo8ue1k
    @user-vd8jo8ue1k 17 днів тому +4

    This is very timely, Andrew.
    Why, you are quite "speedy" with this video.

  • @TIG2MAN0
    @TIG2MAN0 17 днів тому +1

    Ive been to poland. I loved it. I would live there.

  • @ShomoGoldburgler
    @ShomoGoldburgler 17 днів тому +22

    Homogenous countires seem to be the most prosperous and safe.
    Who would have thought 🤔

    • @alwayslearning7672
      @alwayslearning7672 17 днів тому +5

      Yeah, we need to get back to that.

    • @nadie8093
      @nadie8093 17 днів тому +6

      Switzerland, Monaco, Singapore?? Not very homogenous

    • @ShomoGoldburgler
      @ShomoGoldburgler 17 днів тому

      @@nadie8093 Switzerland is very close to it, as well as Monaco. Europeans living with other Europeans, that works!
      Singapore works due to it's totalitarian state 👍🏻 it forces b@rb@r1@ns to live together.

    • @ShomoGoldburgler
      @ShomoGoldburgler 17 днів тому

      @@nadie8093 YT won't let me tell you what doesn't work, think Europe full of the 3rd world, plebs who couldn't even built up their own countries.

  • @rally_chronicles
    @rally_chronicles 17 днів тому

    I am here right now. It's amazing

  • @AquariumRuss
    @AquariumRuss 17 днів тому +4

    Andrew, the hangover period is not the best time to come up with a new theme for the video.🤣

  • @mattanderson6672
    @mattanderson6672 15 днів тому

    Thanks Andrew

  • @wrobelda
    @wrobelda 17 днів тому +1

    I can’t find information on that anywhere in the media :x am I blind or what? And I do speak Polish, for the record.

  • @bonniegettingthrumyday2866
    @bonniegettingthrumyday2866 16 днів тому

    Doesn’t matter we aren’t moving buying or going anywhere, Homie

  • @Info.guy01
    @Info.guy01 17 днів тому +2

    Big fan sir

  • @thomashilmersen711
    @thomashilmersen711 13 днів тому

    I think this is only for corporate taxation, no? So you still have to pay potentially high taxes on dividends received as an individual tax payer.

  • @johanvandenbosch3224
    @johanvandenbosch3224 17 днів тому +1

    75000 usd......so you have to make over 750.000 usd/year to have any advantage over Bulgaria or Romania (at 10%). Yes, it is an improvement over Italy or Greece but still a bit high to be attractive for many people. I guess we have to wait for the next country with a better deal. Probably below 50.000 usd/year to become interesting (assuming you also get 'free' medical insurance for at least 2 persons) and a country with a better climate, better food and less drunks on the road.

  • @xsztamurda6674
    @xsztamurda6674 13 днів тому +1

    Actually i am not sure if poland is a good country to go to, our prime minister said recently that we are in the pre-war times, many people are speculating about that they are willing to put us in the war against russia and moreover elected governments (previous and actual, and probably next)are leftist, socialistic, call it what you want, they are beginning to allow illegal immigrants to settle in poland
    The thing which is popular to say in Poland recently is that in Marbella in Spain there is a new polish district because so many Poles have bought their houses in this city, so a lot of people are preparing to leave, because of those things i've written and many more

    • @SongforTin
      @SongforTin 12 днів тому

      Thanks I (Germany) was thinking along similar lines. Hopefully there won't be a war, but If there will be one, Poland is probavly not ideal. Which is a shame.

  • @hungo7720
    @hungo7720 17 днів тому +9

    Polish expats are returning to Poland in droves given its auspicious economic prospects. However, acquiring Polish citizenship or residency is an arduous journey which requires pesky and doozy red tape.

    • @mep593
      @mep593 17 днів тому

      Yeah that’s what I heard

    • @niemamnicku1359
      @niemamnicku1359 17 днів тому

      @hungo7720
      You get residency quickly and automatically. You don't need citizenshit.

    • @MichelePonte
      @MichelePonte 17 днів тому

      My mother is Polish, it took me like 1 year and 6 months

  • @6B8RX
    @6B8RX 17 днів тому +2

    And a side-bonus for single guys: Polish women are GORGEOUS!

    • @Progen77
      @Progen77 17 днів тому

      I'm Polish, I'll add...arrogant, demanding, golddigging divas. I'll take Asian, Indian or Latin any day.

    • @rally_chronicles
      @rally_chronicles 17 днів тому

      I'm on vacation there right now. Makes me think god I'm born a man

    • @wavemastery1786
      @wavemastery1786 15 днів тому

      Agree, my first two loves in my life were women of Polish descent.

  • @mattinterweb
    @mattinterweb 16 днів тому

    What about if you're British with a EU residency card?

  • @RasiRobi
    @RasiRobi 17 днів тому +1

    With the new government there it can change anytime

  • @gregnetherlands5548
    @gregnetherlands5548 16 днів тому

    My wife is Polish, I am South African, and we live in South Africa.
    If we go to Poland... do I automatically get a residence permit?

    • @none_the_less
      @none_the_less 16 днів тому +1

      Most EU countries have some sort of family reunion residence program, yes you’ll likely be given a residence permit.

  • @tjandthebear
    @tjandthebear 17 днів тому +4

    Visiting Warsaw now and as many or more Polish speak English than elsewhere in EU. Modern, affordable, lots of things happening.

  • @yankeedrifter81
    @yankeedrifter81 17 днів тому

    I'd like to hear more about Bosnia

  • @gtxchufxvj
    @gtxchufxvj 10 днів тому

    These Days Tax Freindly Doesn't Seem to Last Any where.

  • @stevenobinator2229
    @stevenobinator2229 17 днів тому +2

    So basically pay 75000 a year to live there? That seems extremely steep

    • @SR-ob3wn
      @SR-ob3wn 17 днів тому

      I think that’s the price to attain permanent residency. I believe most countries will not tax you at all if you stay there for under 6 months a year.

    • @stevenobinator2229
      @stevenobinator2229 17 днів тому +1

      @@SR-ob3wn Better to just marry a local women

    • @medialistener
      @medialistener 17 днів тому +1

      @@stevenobinator2229 marriage will cost you more in the long run..

    • @stevenobinator2229
      @stevenobinator2229 17 днів тому

      @@medialistener not is your wife isn't a whore

  • @effectosis742
    @effectosis742 15 днів тому

    Me : looking for a lower PIT than 12%
    the video : my country is a tax heaven

  • @japeri171
    @japeri171 16 днів тому +1

    There is no perfect country.But Poland remains standing because it does not succumb to the politically correct playbook.

  • @maheeriftikhar8578
    @maheeriftikhar8578 17 днів тому

    How many years to naturalisation?

    • @MB-iw6gu
      @MB-iw6gu 17 днів тому

      Ten in Poland

  • @MyLatinLife
    @MyLatinLife 15 днів тому

    Lump sum is epic

  • @MexicoRealEstatewithParrish
    @MexicoRealEstatewithParrish 14 днів тому

    Greetings from the simpler life in paradise 🏖️🇲🇽

  • @herbertvonsauerkrautunterh2513
    @herbertvonsauerkrautunterh2513 15 днів тому

    Well, my wife is from Thailand so there aren't many options for her or me in that case. Malaysia is on the list though

  • @dombaker1924
    @dombaker1924 14 днів тому +1

    Thank you for posting this. As you are no doubt aware the UK have recently elected a Labour government so the country will rapidly be taking a turn for the worse.

  • @scientifico6333
    @scientifico6333 17 днів тому +1

    There is one big issue with Poland -- its neighbour.

    • @MB-iw6gu
      @MB-iw6gu 17 днів тому

      Yep, little bit too close to comfort

    • @emteiks
      @emteiks 16 днів тому

      which one? :D

  • @nhk9334
    @nhk9334 5 днів тому

    That means you pay $6250 per month on taxes. This fix tax approach is not for us lean FIRE folks 😄

  • @InteloPL
    @InteloPL 11 днів тому

    ... TAX HEAVEN?! Residents wouldn't agree. It's great for big business

  • @paulgates4083
    @paulgates4083 16 днів тому

    sure, great but its freezing in winter. i’d rather pay tax and be warm

    • @nomadcapitalist
      @nomadcapitalist  15 днів тому

      There are more warm tax-friendly countries than cold ones.

    • @paulgates4083
      @paulgates4083 15 днів тому

      @@nomadcapitalist looking at relocating with my family out of the UK, somewhere warm and crypto tax friendly in 2-3 yrs.

  • @fizi-nm7dd
    @fizi-nm7dd 17 днів тому +2

    Poland has exit tax that applies when a taxpayer changes tax residence. Does it apply also after 10 years tax residency with lump sum when one wants to move to different country?

    • @NicolaAmadio
      @NicolaAmadio 17 днів тому

      Following

    • @MrYogidoo
      @MrYogidoo 16 днів тому

      The Polish name is "podatek od wyjścia". But it's not all-encompassing.

    • @NicolaAmadio
      @NicolaAmadio 16 днів тому

      @@MrYogidoo please expand. Let’s say you move to Poland open an online biz, make 2 millions, leave Poland. What happens?

  • @eranbenavraham
    @eranbenavraham 17 днів тому +3

    Poland has more and more south Asians and Africans coming in. I've been to Poland 5 times over 25 years and I can see the change. The same is happening to Serbia, more and more Muslims are moving there.

    • @s._3560
      @s._3560 14 днів тому

      They need to shift their huge overpopulation there due to lack of resources at home.

  • @trueoperabuff
    @trueoperabuff 17 днів тому

    From what I know, there is no property tax in Poland either. So if you want to buy a house, you will not pay taxes on it. Property taxes can be very high in Europe.

    • @JA-he2qz
      @JA-he2qz 17 днів тому

      yes there is, just not the same idiotic amount as in the west

    • @ggaby89
      @ggaby89 16 днів тому +1

      Foreigner can’t buy house with land in Poland without permission. Only flat

    • @wavemastery1786
      @wavemastery1786 15 днів тому

      ​@@ggaby89oh no!!

  • @punter11235
    @punter11235 3 дні тому

    Problems with Poland: weather is shit (May-October is nice, November-April is shit). Business culture is shit (maybe not in IT though). Capital gain tax is 19%. Road safety is terrible. Air is terrible in big cities (although this is slowly changing for the better). Half the population is very religious/conservative in not the best way.
    Politicians play fast and loose with the tax code. It can change at the very last moment and give you no time to prepare for the next year. People got addicted to welfare handouts and now every government is going to raise those (otherwise they don't win election). This means higher and higher taxes in coming years. It has good deals for small companies, especially if you are IP author but that's the only advantage. A lot of other countries offer similar or better deals anyway.
    Another problem is that it's close to Russia and borders Ukraine. There is non zero risk of things hitting the fan in coming years.
    Source: I am Polish, lived in Poland for most of my life and looking for a way out now.

  • @leffaklibaug879
    @leffaklibaug879 12 днів тому

    Agressive attitude towards Russia is big ”?” For Polands future

  • @labeckipiotrek
    @labeckipiotrek 12 днів тому +1

    Do not look for a wife in Poland guys. We dont like to share;) btw. Even Poles dont understand their tax code ;p

  • @falcon127
    @falcon127 15 днів тому +1

    I WANT TO GO TO A DIFFERENT PLANET!

  • @bene88597
    @bene88597 17 днів тому

    I guess thenlimit is 3million Euro bro?

  • @samuelzev4076
    @samuelzev4076 17 днів тому +12

    Poland has always been an underestimated underdog in the EU but things are changing and their GDP will soon takeover germany.

  • @yts4106
    @yts4106 17 днів тому

    How is bitcoin / crypto taxed?

    • @emteiks
      @emteiks 16 днів тому

      100%

    • @TheNewLooter
      @TheNewLooter 15 днів тому

      19% capital gains tax when you cash out, crypto -> crypto trade is not taxed

  • @relaxedmuffin3666
    @relaxedmuffin3666 16 днів тому

    I hope learning Polish is easy

    • @ggaby89
      @ggaby89 16 днів тому +2

      No worries it’s just one of the most difficult languages in the world 😂

  • @Escape_The_Mundane
    @Escape_The_Mundane 17 днів тому

    I love poland, I was gonna probably go to poland anyway because some my best friends came from germany. I knew jewish guy he came from lodz poland in ww2. Germany one of best countries to become rich, other than japan, China, USA, India, Mexico, UK Australia. ETC.

  • @stephenwatson672
    @stephenwatson672 15 днів тому

    Poland is defense spending friendly. Some claim targeted individuals are crazy but there were protest in Poland, so no surprise there. Like the USA there’s some questionable human rights violations. I.e. extrajudicial. Poland was significantly affected by radiation from the Chernobyl disaster in 1986. Polish winters can be very random from very cold to mild with gloomy skies. If a global conflict breaks out it would be a prime target for Russia.

  • @robertkreamer7522
    @robertkreamer7522 17 днів тому +2

    I had a business there 15 years ago , it’s growing like crazy but still very affordable. They love Americans and anyone in their 30 s or younger all speak English very well. Many in their 40 s and 50 s speak it reasonable well . Food is clean and excellent very little junk food the women are stunning , and traditional. Very active cultural life as well . They have a relatively underdeveloped Baltic Sea coast line so huge marine based businesses opportunity. Super advanced industrial and high tech companies. Strong banks and well run currency. . 😊

  • @andreas_tech
    @andreas_tech 15 днів тому +1

    Hungary

  • @DixieBanjo
    @DixieBanjo 17 днів тому

    Good luck learning Polish

  • @alexanitei2231
    @alexanitei2231 17 днів тому +3

    When you look at Poland take also a look at Romania and Bulgaria. They dont have the lump sum deal but you have very low taxes, below 10%, they are also conservative and have increased their living standards especially in the big cities.

    • @delaslight
      @delaslight 16 днів тому

      What about crime rates and racism in those two?

    • @japanluv
      @japanluv 16 днів тому +3

      ⁠@@delaslightIt’s very low. All the bad guys are in the West doing their thing😂 Where are you from? I lived abroad for the past 22 years, last 16 in the UK, I got family members in various countries and Continents and I’m about to live solely on things that I can do with a laptop and a wi fi connection, by next year I hope I can kind of move back home to Romania but also live in few other countries where I have family. We tend to welcome foreigners and be friendly to them and awesome hosts. As any other place, give yourself at least 3 months to get a feel of a certain place or country.

    • @wavemastery1786
      @wavemastery1786 15 днів тому +1

      ​@@japanluv Hi, I agree. I visited Bucharest for the first time last autumn. Loved it, will be happy to spend more time in the country. I was floored by super quality but sadly empty huge art museums in the capital. In my opinion Romanian painters are seriously underrated, if at all known in the west. ❤❤

    • @japanluv
      @japanluv 15 днів тому +1

      @@wavemastery1786 Yes, we don’t appreciate enough our own artists. Glad you had a good time.

  • @RoissyAngel
    @RoissyAngel 17 днів тому +1

    I watched a video of an Englishman who moved to Poland to work as a fire fighter. He said that when he was learning Polish he was told it was the second most difficult language to learn after the Chinese languages.

    • @Progen77
      @Progen77 17 днів тому +1

      Hungarian is worse...

  • @mlb5525
    @mlb5525 13 днів тому

    Love that you have to speak the language to be a citizen. Just imagine if the US implemented that, I could see non citizens and college students rioting. Well, they already are but this would be just another excuse to riot.

  • @abcki-bk8me
    @abcki-bk8me 17 днів тому +10

    Make Poland Great Again!!!

    • @Rudelherz
      @Rudelherz 11 днів тому

      ❤ it already is

  • @ericwanderweg8525
    @ericwanderweg8525 2 дні тому

    I’d consider Poland if it wasn’t a NATO country

  • @Justinfred11
    @Justinfred11 7 годин тому

    If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

    • @Benjaminarmstrong684
      @Benjaminarmstrong684 7 годин тому

      The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

  • @MrArtona
    @MrArtona 13 днів тому

    POLSKA GÓROM

  • @DS-vx3wf
    @DS-vx3wf 17 днів тому +3

    weather is bad most of the year and exit tax, inheritance tax, etc. Not exactly "tax friendly"

  • @nateums
    @nateums 17 днів тому

    It’s a grey country, but it’s perfect other than that

  • @teebone2157
    @teebone2157 16 днів тому +2

    What kills me?Is people want safe streets cleaning environment law?Enforcement protection , a clean community and all of the above benefits , but don't want to pay taxes to support it

    • @delaslight
      @delaslight 16 днів тому +2

      Because in coutries with taxes people dont have those things anyway.

  • @davitidevidze9376
    @davitidevidze9376 17 днів тому +4

    I would rather go to Cyprus or Georgia

    • @sirstukov3069
      @sirstukov3069 17 днів тому +2

      what a surprise Mr. "Devidze" :D

    • @patrick1992
      @patrick1992 17 днів тому

      Both countries are shitholes compared to Poland. But you pay less taxes yes. I also move to Cyprus because of the nondom regime.

  • @r.hagenau3541
    @r.hagenau3541 15 днів тому

    Russia is still very tax friendly.

  • @dramic6869
    @dramic6869 10 днів тому

    Our previous government let in about a million immigrants from Muslim countries, the current government won't be any better, so peaceful times are ending for Poland.