How Rich People Avoid Paying Taxes
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Entrepreneurs and wealthy people have been moving to different parts of the world to reduce corporate and income taxes.
Does it make sense to move your business into a new country to reduce the corporate tax rate to zero?
While it may be possible to pay 0% corporate taxes, you must be aware of the fact that nothing lasts forever, including corporate tax rates abroad. Governments can change corporate taxe rates any time they want.
Before you move yourself anywhere, make sure that you’ve picked a place you can actually see yourself living in for the years to come.
It’s best to visit several tax havens before comitting to one – and make sure you’re fully aware of the political and economic situation of each of the places you consider.
0:00 Start
0:15 Expectations
0:54 Why People Move
2:19 Dubai Corporate Tax
3:33 Knowing The Country
5:54 Long Term Thinking
7:06 Portugal’s Golden Visa
7:19 There’s No Guarantee
7:59 What Matters
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Great video! Very interesting topic, I’m glad you know your numbers.
Another great video and I totally get what you are saying whats the point of paying zero tax if you hate living there? Cyprus with its 12% tax rates is the place I think I will move to in the next 12/18 months and yes I could see myself there still in 15/20 years time.