Tax Residency

Tax Residency

The reasons to move or create a company in a country other than the country of residence may be exclusively economic. However, having made this decision, the concern may arise about also moving your residence to the new country. For operational reasons, moving may be the best decision for your business. There are also countries that offer a high quality of life and it is worthwhile for your family to relocate as well. Another reason to move may be the tax advantages when you have significant assets or income specifically from the economic activity of your newly formed company. In any case, it is important to have clear all the possible options. The advice of professionals specialized in immigration issues is essential for the process to be carried out correctly.

There are different types of residencies depending on your situation. If you are able to retire from your job and are looking for a pleasant place to live with tax advantages, depending on the country, it is possible to apply for a passive residence. On the other hand, tax residence is associated with having your permanent place of living and economic interests in the same country. If you own part or all of the company and also actively participate in it, each country establishes the requirements and procedures necessary to obtain active residency for directors. It is important to note that the requirements and procedures in each country can be very different and the benefits of having local professionals assistance are important

Apart from the legal paperwork related to obtaining residency, there are other issues that can raise many concerns. To decide where to establish personal residence, which schools are the best, information on the health sector, assistance in opening bank accounts, buying a vehicle, etc. We have the necessary expertise to support you in each of these tasks and you can feel accompanied during your settling in the new country.

If you need more information related to residency in any of the countries we operate, our specialists will be ready to assist you professionally.