So I’m originally from the ROI I work from home for a US company where they pay me via remote.com platform to my LTD company so effective I look like a contractor. This means I pay 12.5% tax with a salary double of what I’d get at home.
However recently I’ve wanted to become more efficient whether it be lower tax or cheaper standard of living.
I was looking at 2 options Purchase property and stay in Dubai for 183 days I’m aware 800AED monthly to compulsory register if expat. This still works out at only 5% tax. Down side is UAE is more expensive
Most favourable option is Portugal being 30% cheaper with NHR tax exception for 10 years on overseas income
Im just wondering what do you guys do on a small salary to be tax efficient? They say you need to spend 183 days to be tax resident. What if you stayed in 3 countries for 4 months each
If your salary is low you are an idiot to even worry about taxes. Focus more on making more money. This is like all the stupid poor people trying to ‘save’ their way to a future. You need abundance mindset. When you are making a lot of money, THEN worry about taxes
Each to their own opinion.
Well said