Home Real Estate Every Thought I Have on the EU (Good and Bad)

Every Thought I Have on the EU (Good and Bad)

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Every Thought I Have on the EU (Good and Bad)

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Check out our article 5 Developed EU Residences for Serious Entrepreneurs

Over the years, we’ve had plenty of established entrepreneurs looking to expand their businesses or develop their passport plan B by getting an EU residence.

Tax reduction remains a major reason for moving to another country. Yet, some entrepreneurs prefer to pay some tax in order to have access to better talent and a higher quality of life, such as that offered in EU countries.

In this video, Andrew shares his thoughts on the EU.

00:00 Start
0:21 Malta Citizenship by Investment
1:33 Benefits of Living in Europe
2:49 Irish Citizenship
3:08 Taxes in Europe
5:59 Living in Bulgaria
5:34 Why People Are Moving to Europe
7:29 Low-tax Countries
9:29 Taxes in Hungary

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

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45 COMMENTS

  1. NORWAY is NOT i the EU. You claim to be an expert, and sell your expensive services to people thinking of relocating.
    Yet you get basic facts wrong inthe video, and mention Norway several times as an alternative in this piece about relocation to the EU. Though Norway is part of the Schengen travel agreement, it does NOT adhere to rules of residency and work permits that apply within the EU.
    I suggest that people should think several times before paying for you advise…

  2. If are an American citizen, or were born in the USA, you may have problems opening a bank account in many European countries. Mamy banks don't want to extra paperwork involved with Americans. Have any others had problems opening a bank account?

  3. I grew up living in London, The Hague and Paris as an American oil brat. I plan to retire in France. The cost of home ownership there (France/EU) is much cheaper than in the USA—lower mortgage rates at only 1.5%, e.g. and much slower to rise, no double taxation as a US citizen, much lower property taxes, no need for a car if you live in any city or large town, superb public transit and excellent cheap healthcare. Pretty much the same throughout EU. Housing is also cheaper if you don’t buy in Paris or the city center of Lyon, etc. but you can find beautiful properties in smaller towns, villages near big cities (that you can train to very easily sans car), or in the countryside (where you’d need a car). Many Brits and other expats live and retire there. The French people are lovely, educated to a high standard (higher than in the USA), and many speak English fluently. Culturally there is no “woke” bullshite and overall EU countries are very much more diverse and inclusive, without talking about it endlessly, than anywhere in the US. We are second only to Apartheid South Africa in terms of tolerance here in America. Chew on that, conservatives. AND you can become a dual citizen if you’d like, but as a retiree you might not want to bother. Also France will not tax Americans on their social security “earnings.” There are tax treaties in place with US and EU countries. All in all, I will pay less to retire in France than if I stayed in Houston, Texas, where the cost of living is already much cheaper than certain parts of the US. I will have a much better quality of life, comparatively. Socialism in Europe has many advantages you don’t hear about in the US. Because conservatives don’t want you to know. Social conservatism backlash is overtaking common sense in the USA too, imho. I will not stay in a country that restricts medical care to pregnant women. And that wants to uphold fossil fuels as the main energy resource just to stick it to their political opponents. Dumb and dumber.

  4. Not sure I would recommend Europe that much anymore. The whole EU is getting more and more centralised, which is a horrible idea due to the enormous differences between countries imo. Also, their energy and food supply is rather unstable right now, and the European economy relied a lot on cheap Russian gas to stay competitive. Without it, Im not sure how much they could compete with cheaper Eastern industries. Also, yeah, your freedoms are starting to disappear more and more and for Americans, the freedom of speech protection would almost certainly be insufficient

  5. The western EU is a woke socialist shithole, I wouldn't recommend any US citizen to move there. Furthermore the EU parliament bureaucrats want to control and supervise everything you do, starting from any amount of money that goes into your amount (as little as 500 EUR or smth like that), to what speed your are allowed to drive your car with (the car will basically read the signs and reduce your speed automatically). Besides that innovation and progress is not encouraged, actually the opposite since they hand out free shit and for example a janitor earns 1.5-2 KEUR/month and a SW developer earns 3 KEUR/month.
    The eastern EU is not there yet but I would estimate it will be the same in a few years because the western trend is spreading to the east as well and as long as you're an EU member there's not way out eventually.
    So no, imo there is no discussion here, I would just stay away from the EU altogether.

  6. Someone with paralysis or a child with cerebral palsy before giving up on their health they should try kunga therapy a non medicinal massage therapy in Kigali before anything else

  7. It's worth mentioning that Irish Citizenship includes the right to live and work not only in the Republic of Ireland, but also anywhere else in the EU and, uniquely, in the UK as well. No other EU or EEA citizenship / permanent residence option provides the option to live, work, or retire in the United Kingdom. Simply put, Irish Citizenship carries wider residency privileges than any other European country.

  8. The ideal country – these days – would have it's own energy supply and food supply be non – EU, non-NATO along with all the other factors like banking and taxes. I'd like to see you focus on countries with food and energy self sufficiency with no WEF influence. Is that Mexico? Georgia?

  9. The comment on no alcohol in a Spanish restaurant is probably just made up. I haven’t seen that in my entire life and if that would ever happen it might just be a one in a million event. He is telling you that as if is common… lol.

  10. For Americans, we should also be talking about DAFs, onshore and offshore trust options to bring taxes as close to zero as possible. Passive investments generally can also be done in solo 401Ks. There are alot of strategies for multi citizenships without giving up US citizenship and minimizing taxes. Also Puerto Rico.

  11. North America is in serious decline in all aspects, Usa most expensive health care with Canada the worst health care, socialist woke radical democrats running both countries. I could go on all day about the negatives : Crime rampant with catch and release liberal policies, Becomming quickly unnafordable with massive future tax increases on the way. I would take my chances any day in Europe as a far better, safer and much healthier lifestyle. Leave your stressful life in North America and actually go and live. We did and wish we would have done it 15 years sooner.

  12. like your videos and leaving the home country may be an option for some – but i can’t leave US as wife doesn’t want to – for someone in my position i haven’t found a better option than PPLI don’t get culture change but at least get tax benefits – but if i was younger i prob would

  13. Why do you have to wear a suit working from home?
    BTW – “Educated enough” doesn’t mean you speak English. A beggar in England also speaks English and I’m sure you aren’t educated yourself but speak real good. Get out of your English speaking supremacy.

  14. As a dual citizen (Colombian-born and naturalized Dutch) who has been living in The Netherlands for 20 years and who lived in Portugal for sometime as well, I do not see myself moving back to Colombia or to Portugal for that matter (or perhaps even another EU country or the other 8 Mercosur countries I could easily move to). For holidays? Sure. Knowing how disorganized those countries are I’m also way too used to how perfectly organized and efficient life is in The Netherlands. I feel like living elsewhere would be a major step back. I find The Netherlands a good balance of German discipline and somewhat Southern European laidback-ness. Working too much is frowned upon. You don’t even need to own a car in this country cause you can use your bike for everything. The weather is also pretty ok here in the south of the country, where I live. It’s sunnier and warmer than elsewhere, but rarely extremely warm. I live by the sea too which is great.

  15. You’re better off settling in a European country that has not adopted the euro such as Switzerland, Norway, Hungary etc…Currently, opening an account in euros or holding euros is simply asking for trouble both short and long term. For those who have capital, there are so much more attractive destinations than Europe and EU. It’s a sinking ship.

  16. Thank You from Bulgaria.This gentleman deserves every penny he made.Deep knowledge which comes with very hard work and jump to harvest enormous experience to understand different mentalities and Nations.

  17. Portugal is a great balance of western and southern European mentalities/cultures. I'm a tad shook after being in the EU for the past 2 years at the prestige people put on EU residencies. There are many EU countries that I would argue are at a disadvantage comparatively toward specific ASEAN countries. Also I don't understand the interest in Brand Names when it comes to citizenships. Germany for example not allowing dual citizenship sans special circumstances is a great example of a very limiting place to build a future. It always comes down to the individual and what they view as "Top Standards".

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