Amazing Tax Haven Nobody Talks About - St Barths
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- Опубліковано 4 січ 2025
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Today we are talking about little known, but quite unique tax haven in the Caribbean - St Barts.
Saint Barthélemy (or St Barts) officially the Collectivité territoriale de Saint-Barthélemy, is an overseas collectivity of France in the Caribbean. This tiny place is home for approximately 10 000 people.
This is a place where you could potentially get a tier 1 passport, and at the same time have very favorable tax treatment.
St Barts is a part of France - this means that you could potentially obtain French passport. Your time spent in St Barths qualifies as your time spent in France, when it comes to qualifying for French citizenship.
So, how do taxes work in St Barths? If you move there, for the first 5 years you'll pay taxes as a normal French person. Same goes if you set up a company.
After those intial 5 years, you'll be paying ZERO tax.
You can buy a company that was operating for the past 5 years, and take advatage of zero tax on corporate level from the day 1. However, you'll still need to pay French personal income taxes.
As for the citizenship, after 5 years you could qualify for French passport. On top of that you don't have same citizenship requirements as you would have in France.
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You should make a video on specificity on getting French citizenship for those living in St Barts along with the requirements.
You do not want to get French citizenship if you're planning to live in St. Barths.
That is - quite interesting and definitely a funny twist with counting to be france while not being taxed. Obviously if you are in the "Living on an Island" lifestyle, but - well found. VERY well found.
Loved this video, Michael. You are correct, I have not heard anyone else go to this depth. Well done, Sir.
Thank you, Eric!
Could you see yourself living there?
It seems to share a lot in common with British Overseas Territories and the backdoor relatively tax friendly route to UK citizenship.
You forgot to mention that flying there is at least 4000eur one way, and you will need to fly between Paris and there quite a few times to get banks and company stuff set up.
Food starts from 50eur just like places like Monaco etc. Everything on the island is expensivem and I mean everything. hotels start at 300eur in low season. but more commonly land around 2000eur. Don't even think about renting, there are no free apartments. The cheapest houses start at 3 million eur.
It seems that the Caribbean has an unlimited supply of tax havens lol, there is always one I haven't heard of
Haha right?
What do you think of this one?
@@OffshoreCitizen
I think it could be useful for non-EU citizens
But what's the point of the tax haven when they're part of the CRS?
I'm Haitian, would be nice to see it turn into a tax haven
Five years' wait on a small island for some tax privileges that may well be gone by then... This seems like an option for the truly dedicated and adventurous.
Well the money in the company isn't taxed along the way so it's potentially zero tax the whole time in a sense
Curaçao is another island you can leverage for EU citizenship.
4:06 More Tums. Good info on St Barths. Colleague just share with me his plan for the VIs.
Never knew this just thought it was a great high class holiday destination.
I bet local agents just setup companies and leave dormant then flip.
Could be worth if you're already semi-retired and like the Caribbean lifestyle
How do you feel about the Caribbean lifestyle?
@@OffshoreCitizen I've yet to visit, hopefully soon!
Can you do the 2 year qualification for French Citizenship?
I am a dual citizen of both Canada and France and I got my citizenship here simply by living/working here (mainland) for 5 years. The 2 year route is only for those who complete a French Masters degree AND with other caveats. So very few people get nationality via this route. Most people can submit their application after 5 years of residence, and when I did it, it was quick. I got it within 8 months of applying. Now it seems the wait times are like 2-3 years after applying.
Nice!
How was the whole process for you?
@@OffshoreCitizen It was back in 2013 when I did all this - was pretty simple in my case as my paper work was accessible and in order. Don't know the new rules, but I've heard its tougher now
So were you living in Canada or France those 5 years?
THANK YOU, excellent video! I’ve been researching a LOT about moving to St. barths and starting my company there. Do you have any info about how to get long stay visa there while you qualify to become resident, and any info on how to start a business there? Thank you so much!
Is this still viable ? I see the video is two years old.
Where is the link on a law? I didn’t find that what you talked about
Alright-- three questions:
1) Do you need to be living in St Barts to create a company (for those first 5 years)?
2) Can you, after the 5 years have a zero tax company? (Lets say it's a holding company and you live in a territorial tax country)
3) If the first two are possible, in the instance that 2024 you create a company but you begin moving there in 2027--your company should be zero tax for year 2029 and you would be fiscal resident in 2032?
Really interesting!
Not even all that is necessary there are even simpler ways
Very interesting. Great video. Thanks!!
Always a pleasure!
What do you think of St Barts?
@@OffshoreCitizen I think it is a complicated isse for me personally; but buying a 5 year old company and start paying 0% company tax seems a very good option.
I am from Denmark and I love you mention us as the worst place, because we really are
Are you considering relocating?
@@OffshoreCitizen yeah 100% i am deep into crypto, so it is not just Entertainment I am watching you for
@@Wrongchannel777 Im Swedish, and i promise you we're not far behind you in terms of taxes. Even worse is our sky high crime rate. Where do you think about reloacting to?
Very interesting. I’ll read about this. I already speak French and I don’t see it being too hard for a Canadian to become French. So many of them come here :-) I can easily export my company and I need the sun.
Wow. Great content. Are they crypto friendly? Because I am 100% living in crypto. I don’t trust banks. Thank you very much
What is your opinion about Uruguay???
Will do a video on it in the future
biggest problem I would see is the sky high real estate of living in St Barths, comparable to Monoco real estate and the high cost of everything like food
Yeah it's not for if you have low income
How on Earth does the locals survive housing and eating food on St Barth?
As a French lawyer and a professor of laws at the French university, it doesn't apply to me... I'm already French...:(
But you can still buy a property in St Barth without paying tax on it, right?
TAJIKESTAN IS PERFECT FOR LIVE WITHOUT ANY KIND OF TAXS
But no one want to live in such a shit country 🤣
elaborate friend please
Elaborate why?
Also how do you get residency there?
Hi,
How to get the French passport in 2 years?
You must be french legion or study
@@michalblaskovic293 French Legion sounds like fun 😊
@@michalblaskovic293 There are quite a few JCVD movies to watch to learn about the legion. ;)
Awesome topic!
Thank you, Ryan!
What do you think of St Barts?
@@OffshoreCitizen I haven't been to Saint Barts yet, but I think it's a very interesting option! I have French citizenship, and would be interested to learn more about Saint Barts and French Polynesia, the two French territories which enjoy some fiscal autonomy from their mothership. It would be interesting to hear more about the profile of person who may be a good fit for these jurisdictions, as well as some of the unique features they have versus pure tax havens like the Cayman islands or Saint Kitts and Nevis. For example, can tax residents of Saint Barts or French Polynesia take advantage of tax treaties that France has with other countries? What is the social tax wedge on different kinds of income in Saint Barts or French Polynesia? Just food for thought if you're interested in sharing on a future video. I love your content!
Ok u get to live in st barts tax free after 5 years of paying taxes... But then with the french citizenship u get u lose the ability to be tax free in one of the best tax havens in the world, Monaco which sounds way better to me for living than the island st Barts. Am i correct with this info? If yes, st barts has to go and monaco should be preferred, u pay 0 taxes from day one, much better location, european country, unlike Singapore, uae, caribbean island etc... French passport makes u lose this one great option, why would someone ever chose french passport and lose tax free Monaco? Just go for any other eu citizenship?
You're not likely to get a citizenship in Monaco so long term your travel and location freedom won't benefit so much. But of course it's up to you.
Monaco is like the worst place to live. There’s no real estate available anyway
@@MojoPenguin Why worst?
@@EnderViBrittania only good if you have money
You need to stay put most of the year in one of the tiniest and most expensive countries in the world.
Apartments start at 2Meur, and you need to leave something like 700keur in the bank indefinitely to keep your bank account.
Only income tax is 0% in Monaco, most other countries in EU will charge you the difference in tax, landing you at the same ~30%, corporate tax and VAT are very high in Monaco.
Latinos can get a Spanish passport in 2 years. With the golden visa you need to visit Spain 8 times within 2 years, and you can naturalize with a lawyer in 1 year with paperwork.
@@whenwasnow6062 you might have to show your parents roots. It works for Puerto Ricans
@@whenwasnow6062 natural born. so you can be born outside, but need to have been citizem BY BIRTH, not naturalized.
@@whenwasnow6062 the window is now closed. portugal is having the same benefit, provided you can prove one of your ancestors is jewish. almost all of the spanish that came to the americas more than a few hundred years ago are descendents.
Tanks for the vidéo. I'm a french Canadien ( Montréal ) and will look for St-Barthe when my crypto portfollio will increase.
It might have to increase substantially. I looked at the prices of housing, it's like the same price as monaco
Happy birthday ttaytEd
Thank you for all the good information. A suggestion…. When you are speaking your name or program.. slow down and enunciate!! It’s hard to understand what you are saying.
The reason Saint Barthélemy is a tax haven is because living there is unbearable.
As a French, I have to agree the passport is good and all but jeez living over there I would hang myself.
On the other hand, Martinique or Guadeloupe are better but not tax free at all.
Haha what makes living there so bad?
Why is it so bad?
I am L👀king for a safe place for me and my assets.
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This is kinda the nuclear option for wealthy people.
Have a world map behind you for quick reference rather than a useless abstract painting ...then and only then, I will subscribe