Tropical island or something else? When people think about the term offshore, the first picture that comes in mind is tropical, paradise island. They imagine secret bank accounts, hidden in unknown locations. They think of places such as the Cayman Islands, or the Bahamas. However, this couldn’t be further from the truth. When we think…

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Spain- a beautiful country with high taxes Today we are in beautiful Marbella and we will be talking about taxes in Spain. Marbella is a tourist haven of Spain, one of the most attractive areas in Europe for retirement. It’s sunny and warm even in October and real estate is remarkably cheap, so it doesn’t…

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Strict tax authorities and high taxes It’s worth noting that German tax authorities are quite strict. Probably the most aggressive in the entire EU. If you are from Germany you must follow all the rules, otherwise, you will certainly run into problems.  On the surface, German taxes don’t seem that high. The standard tax rate…

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Form 8865 is a form related to Tax Returns for Foreign Partnerships. It is to be filed annually by all US citizens and legal permanent residents who have an interest in a foreign partnership. According to the IRS, a partnership is a relationship that exists between two or more people who come together for the…

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If you are traveling to the USA you will certainly notice that the trend of socialism or social democracy that’s on the rise. Bernie Sanders is gaining popularity, there’s lots of pressure to raise taxes for the rich, there’s lots of talk about income inequality. The interesting thing is that the American revolution started because…

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Why is Bulgaria an interesting place? Well, we’d say that there are three main reasons: It’s easy to get a residency Low taxes Costs are quite low Bulgaria has a flat 10% tax rate and 5% on dividends. We will do a separate video and article on the topic of Bulgarian taxes. This is, in…

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Tax planning for residents of Denmark Denmark is quite an interesting place. In my opinion, Copenhagen is a mix of Amsterdam and Helsinki. There are bikes all over the place, maybe even more than in Amsterdam. Culture is very progressive and open-minded. However, taxes in Denmark are among the highest in the world. Their top…

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Today we are talking about the subject of tax residency in Norway. Norway is one of the most affluent countries in the world. GDP per capita is within the top five. Like other Scandinavian countries, Norway has quite high taxes. It also has a good quality of life and good social programs. Because they have…

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Finland is famous for a couple of things. Finnish people are the number one coffee drinkers in the world! Besides coffee they also enjoy saunas. Here you will be able to find a sauna in a Burger King fast-food restaurant. Downtown in Helsinki there is a famous Ferris wheel that has a sauna pod. So…

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Sweden is one of the places with the highest taxes in the world! If you earn wage here, the top tax bracket is taxed at 58 %, plus there are social contributions for the employer (around 31%) and there are pension contributions (7%). Having those percentages in mind, it’s clear that you have to give…

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