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Jeremy Barlow
Nomad Capitalist
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Comments by "Jeremy Barlow" (@jeremybarlow2291) on "The Two Safest Tax-Friendly Countries in Europe" video.
It is relatively easy to beat the high taxes in Portugal for 10 years so long as you structure operations correctly. The NHR can do the trick. Otherwise for a D7 visa holder in Portugal for example, being subject to the self-employment regime is probably the best bet. In terms of living in Ireland, being an EU citizen elsewhere is probably the easiest way to live there. Being married to an EU citizen is an easy way too. Not being an Irish citizen and not having reckonable residence in Ireland so that you are subject to the non-dom status there is where you get the best tax treatment.
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@orlandogonzalezarias6123 the hassles of flying private are almost none.😏 The truly high networth live very different. Even flying first class is not that big of a hassle. Just watch nonstop Dan or numerous other travel vlogs from the midst of the pandemic. The airline reviewers have kept up travel at a heck of a pace
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To take advantage of the best tax benefits in Ireland you don't want Irish citizenship. Hell you don't even want reckonable residence. You want non-dom status for as long as you can possibly keep it. The best way to live in Ireland is to get EU citizenship elsewhere via any of the numerous easier to obtain residency visas and permits become a citizen of another EU country and use your EU citizenship and freedom of movement go live in Ireland as a non-dom. Equally viable, marry an EU citizen and live in Ireland again as a non-dom. Better bet still marry an EU citizen from one of the countries you don't need to live in to become a citizen, do that first, then move to Ireland.
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@GK-yi4xv The UK does still have a non-dom status, but Ireland allows it for a much longer period presently than the UK. Malta allows the status for up to 5 years. Cyprus allows it for up to I believe 17 years. I am not sure how long the UK allows non-dom status, but my understanding the last time I looked into it, was Ireland allowed it indefinitely, so long as you don't take steps needed to naturalize.
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@J Hamm I would focus on an easier to get EU citizenship and residency first, personally, either that or marry someone from the EU.
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@GK-yi4xv it's definitely possible. The UK is interesting in that BOTs also present backdoor ways to naturalize first as a BOTC citizen often in a tax free jurisdiction like Anguilla, the BVI, the Cayman Islands and Turks and Caicos with the possible added benefit of obtaining UK citizenship including the right of abode to exploit the same backdoor. Now you need to be fairly wealthy or extremely skilled and valuable to obtain a work permit residency in one of the BOTs to obtain backdoor UK citizenship this way, but it is still a possibility. You are right though, even as an attorney myself I would consult with attorneys and accountants in the jurisdictions in question directly before making these moves.
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