1. Find Tax Destination S
I have spent the day trying to find tax havens where i might like to live. I've done quite a bit of online
research. My criteria isn't just related to financial issues but it must also be a nice place to reside.
Preferably blue sky , sunshine and a few beaches. The following are the ones i've considered today:
Panama, Vanuatu, Andorra, panama and nicaragua , and Malta.
Panama seems the best of the five. The requirements for getting in are so easy, good health and a
proven $500 a month income. Mix that with great beaches , good weather, palms , good nightlife, low
rents, good lifestyle and I think I may have found my next port of call.
Of course Costa Rica as well as Vanuatu are both very lovely countries as well as fit my requirements
for sunshine as well as beaches. Costa Rica particularly has a very good infrastructure and a great
standard of living Both are a little more hard to get into unless of course you're filthy rich.
Andorra is the odd 1 out sunny sufficient but skiing as well as mountains instead of hot temperatures
and beaches. It is supposed to be beautiful though. The scenery is said to be breathtaking. It has
much the same advantages because Monaco but if you are renting or buy a house you will pay
considerably less. The problem there is having to deposit money with all of them which you do get
when you leave but which has not gained something in the way of interest while you have been living
there.
Malta is great. Good weather, sunshine, beaches , friendly locals and a relaxed Mediterranean
lifestyle. If you are an EU national you are free to enter. After three months you apply to become a
resident (mind you I have heard which on Gozo nobody actually bothers doing this.) With the help of
an accountant it appears all of that is easy sufficient. You get an identity card , then make an
application for the necessary health paperwork and you are in. Those people who are retired can end
up paying little or no tax in Malta.
I wrote the above post several months ago and i have since made my choice. I am here in Malta and i
must say it will have its advantages. After my accountancy firm had finished we seem to be paying
hardly any tax, also there isn't any council tax and cash in off shoreline accounts does very nicely, no
tax and good rates of interest. As with all countries your cost of living depends on your own lifestyle
however , you can live cheaply here or of course you can live the millionaire lifestyle and there are
plenty of those in Malta. So i did find tax havens and selected one to live in. We still like the appear of
Panama also it may be next. Who knows !
lawyers in Costa Rica
