Thread by @nomadcapitalist

What do 🇨🇴Colombia, 🇬🇷Greece, and 🇬🇧the United Kingdom have in common?
They’re 3 of 9 countries with low taxes you’d never expect.
Let’s help you go where you’re treated best: nomadcapitalist.com/finance/10-cou….
#lowtax #taxfree #WealthManagement

🇬🇧In the #UK, if your taxable income is over £150,000, you’ll have to pay 45% income tax.

But your foreign-sourced income may be tax-exempt if you are a non-domiciled resident in the UK. You will have remittance of paying taxes during the first 15 years (soon will be 5)

🇮🇪#Ireland's tax system is based on residence, so there is no tax on worldwide income for nonresidents (if you decide you don’t want to live in Ireland during your residence). However, getting permanent residence in Ireland means you will be taxed on Irish-sourced income

🇮🇹 #Italy offers a lump sum tax program to high net-worth individuals who can pay €100,000 per year as their entire tax obligation (up to 15 years)

If you’re interested in Italy’s lump sum tax program, you have to move to Italy and become a resident

🇬🇷 #Greece’s lump sump program offers wealthy foreigners to establish a tax residence in Greece and pay €100,000 annually for up to 15 years to enjoy tax relief on their foreign-sourced income.

To establish a residence in Greece you can apply for a Greek Golden Visa

🇬🇪 #Georgia has a territorial tax system, meaning you can expect to pay #zerotaxes in Georgia with careful tax planning.

The personal local income is taxed at a flat rate of 20%, so it is still lower than in most Western European countries.

🇵🇦 #Panama has a territorial tax system and doesn’t tax foreign-sourced income. So, with proper tax planning (the thing that we do best), you can strive to pay little or no taxes in Panama.

Panama also offers the popular Panama Friendly Nations Visa.

🇨🇷#CostaRica also has a territorial tax regime, giving you a huge tax advantage if you don’t plan to earn locally.

If living in Costa Rica as a resident is your goal, the country offers many routes to acquire a residence permit.

🇺🇾#Uruguay tax residents can live tax-free on any foreign-sourced income for 11 years.

The country also offers an array of tax incentives by industry, like the tax exemption on infrastructure investment, through which you can enjoy a 10-year exemption on your net wealth tax

🇨🇴Foreigners living in #Colombia for less than 183 days a year are considered non-residents and are exempt from paying taxes on their foreign income.

Contact us and we will help you legally reduce your tax bill nomadcapitalist.com/apply