My dream (and it's probably going to stay that way) is to spend 8 months in Switzerland a year, and 4 months in Japan. Making my software, transfer the I.P. to Dubai, and live off the Royalties in Nidwalden. _...sounds amazing..._
Dude similar. I want to spend half my time in Winterthur, Switzerland and the other half of the year in Okinawa, Japan. We have to keep going! We can do this! Message me if you want an accountability buddy! I am also in software lol.
You showed Zürich in your video, but in Zürich and the whole Canton around it, you can't use the Lump Sum Tax model. Only certain Cantons offer these deals while a few popular ones don't.
I have the money to do Switzerland but the road blocks and the rude bankers just put me off. Their tax rates are nothing to brag about and their wealth tax is not great either when you are 8 figures or more. For me Andorra was a much better choice
If you renounce US ,citizenship, especially if you’re high income or high net worth all your net worth, and assets, become subject to taxation as if you had died. Read up on it. Unfortunately
Can you guys do a video about blue collar work overseas. Additionally I’ve been thinking about starting a construction company and am wondering is doing so would be better somewhere outside the U.S
Just a hunch but I'd imagine that you would have some south american countries on a list for something like that as construction isn't as in demand in Europe thanks to Europe's age.
@@rubensnogueira5838 you would have to pay taxes in those countries that have much higher tax rates than Switzerland. Taxes in Switzerland are pretty low if you live in Zug, Schwyz, Nidwalden or Obwalden
I am about to become italian (studying hard to pass the B1 / Italian language test), but then...I would live in Italy, by the sea, or in Umbria or Tuscany countryside (in a vineyard). 😎🍷
of course there is... taxable amount yearly at least 400k if ur from eu, 750k from other country, +other conditions... ask a pro(im not 1) for more info
This recording has to much bass and a echo that it hard to understand. Very knowledgeable people though. I was able to get Swiss citizenship years age, and have banked there for more than 40 years now.
Any guidance or advice for a 22 y/o Pakistani? I've considered moving to Switzerland many times, but just don't know where to start or even what my options are...
@@Bdoodletalks do you have ₣10,000 CHF per month to live on? You can live in Paris, London, Singapore cheaper. I have a one bedroom flat, downtown Geneva that is walking distance from banks and restaurants.
@@bootmender Not yet 🫤 Right now I barely make 1/10th of that, online. I've considered numerous places to move to, particularly Western, Southern and Central European countries. Anywhere that's safe and stable to be honest. The goal is to get a residence permit in a strong passport country, and then eventually work my way up to citizenship. Hungary, Czech Republic or Portugal seem like a good fit if I can push to at least $3K/mo, but Switzerland just has that natural beauty, strength and peace that attracts me. That's why at some point, I'd like to move there even if I have to hop through a number of different countries. What are your thoughts on this?
@@Bdoodletalks go back through Andrew’s videos right now learn all you can. I was born in the U.S. 1950, went in to the military in 1967 when Vietnam was raging, because of that I got the opportunity to travel. I was raised Baptist but am Jewish by blood. After Vietnam I was still gung-ho with thoughts of becoming a mercenary, but end up joining the French foreign Legion, where I trained in France and spend most of my time in Morocco. While I was in the FFL I was encouraged to open a bank account in Switzerland and did. When I would go on leave I would spend most of my time in the Alps exploring. This is where I fell in love with Switzerland. When I came back to the states I up Graded my private pilots license to commercial status on the GI bill. Ended up flying for Union Pacific Railroad. There corporate executives do not ride trains. By that time I was taking vacations in the Bahamas. I was taking my income and started buying airplanes and leasing them out. That has severed me well. I have had as many as 6 passports but now only 3. Switzerland, Israeli, Bahamian. I surrendered my U.S. Citizenship about 10 years ago. But I am able to go see my family in the U.S. with no problem. I have done well but I am not rich. I do enjoy walking the streets of a foreign country smelling the street food and listening to the many languages.
Nope European women are like this also. That's why I live in South east Asia. You can find feminine women, not just feminist like Latin America when I lived in Mexico two years.
Anyone with specific EU passports won't need to go through the hassle of applying for lump-sum: just enter the country as a self-sufficient person and, with the right types of income, virtually or absolutely no income tax.
If you are an EU citizen or permanent resident you can obtain Swiss 🇨🇭 residence relatively easily, provided you can provide proof of sufficient income or net worth 💰
@@torontovoice1 there is also inheritance tax, but only on very few cantons. Anyway, wealth tax is not income tax and you can choose some cantons that charge you close to 0.1% p.a. Believe me: unless you are a UHNWI loaded only with cash/equities and no real estate abroad, the wealth tax is your least problem. Your weekly BBQs will probably be more expensive than that.
@@torontovoice1 if you mean Facebook, I don't have it LOL but Schwyz and Zug are surely on the list. If you Google for wealth tax by cantons, you will probably find a complete table.
What you forgot to mention: form 2024, the OECD minimal corporate tax rate of 15% will kick in and that will be the end of lump sum tax also for individuals!
I don't see how this can be true. You could have your businesses outside of the 138 countries that are affected by minimum corporation tax. And in some countries it will only apply to very large corporations above 750 million of annual revenue anyways. In any case, the OECD minimum tax is one on the profits not on your personal income, so arguably your tax is not dependent on the taxation of your corporations since the OECD corporation minimum tax does not apply to your salary.
Some in Italy are a bit upset about the Passport opportunities by descent. This just came about after Ariana Grande's Mother and Brother just obtained Italian Citizenship by descent. The comments were......😳
The people are upset are not Italian citizens, so they have no say in the matter. Italy and a bunch of other countries have always had citizenship by descent.
Italy is a very generous country giving passports through descent... but the flip side of the coin is that it has one of the worse, if not the worst (among tier 1 nations) "customer service", or should I say, bureaucracy, you need to stay until late hours of the night to snipe an appointment on the internet to renew your passport or just about anything. I know many horror stories about how they treat their citizens, not only those who got their passport by descent, but many Italians born in Italy and living abroad. Frankly I am marrying a French lady, after 5 years of just being married to her, living wherever we want, I will get the French citizenship and then I won't renew ever again the Italian passport. I won't say French administration is great, but Italy has the gold medal in the worst possible administration in the whole wide world. Lots of bureaucrats that just warm their seats all day without doing any good... If it is the only EU passport you can get, go for it, particularly since Europeans think so highly of themselves they are now asking for a waiver program to enter there, and you can simply avoid that with a EU passport.
You are reading what the Swiss serve foreigners. If you are a high earner or have high net worth, Switzerland is the last place in the world you want to live or invest your money. Everything from registering a business is a bureaucratic nightmare (compared to Germany bureaucracy, which appears straightforward in comparison).
And all you gotta do is not pee standing up in your own apartment after 10pm or not allow your wife to walk in high heels at certain times, or slam car doors too loud so you wont break any of the noise laws. And buy two pets if you by one, so the single pet wont be "lonely." This is not the full list. Lot of conditions to avoid that riff raff...
feel bad to say it but i can asure u, a HNWI stops watching this video at the point, where a 25ish year old, brace wearing girl- acting like she seen the world- starts to explain with an accent as wierd as her glasses, what have to been done to save millions of bucks . sorry not sorry.
