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Tax Relocation for Individuals - New Service
30/10/2006 @ 06:32
Consulco is glad to announce the New Tax Relocation Services for Individuals.
Consulco offers you the possibility to relocate yourself for a happy retirement combined with an excellent possibility to plan your private finances in an advantageous way.
There are numerous reasons why an increasing number of retirees and high-net-worth individuals chose to leave their residence in their high tax country for settling in a low tax country. This gives them opportunities to enjoy the quality of life in a country of pleasant climate, and to enjoy the fruit of their previous work in the way they deserve.
Below you can find just a few reasons why it is advantageous for you to settle in one of the jurisdictions that Consulco offers.
- Save considerable amounts of tax
When shedding your tax residence in a high tax country and taking up new residence in a low tax country, it is obvious that you will save considerable amounts of tax. The numbers speak for themselves. Please open the icons for the specific countries for more information regarding how much tax you can save when relocating yourself.
Consulco also offers you numerous other ways to plan your private finances. When shedding one tax residence for another, you have an excellent opportunity for advanced tax planning.
- Quality of life
Experience the beauty and the peaceful lifestyle of an island! The warm Mediterranean climate warms your mood as well as your soul.
- Get more for your money
Even though the standard of living in, for example Cyprus, is one of the highest in the Mediterranean, with access to all the commodities of the modern world, the cost of living is considerably lower than in many European countries. Basically, you pay less for more.
- Plan the future for you and for your family
Who do you want to benefit from your hard work? Relocating yourself gives you the opportunity to plan your estate, for your older days, and for your loved ones. You can for example avoid inheritance tax, gift tax, capital gains tax and forced heirship.
The essence of Tax relocation
When changing tax residence you have the opportunity to take your assets to a low tax jurisdiction or/and “leave” your assets “in between” jurisdictions, for example in an international trust with no tax liability. When taking up tax residency in your new low tax jurisdiction, you do no longer pay tax in your old high tax country. In your new country of residence you pay less tax on your income, for example your pension. You can place your assets either for a lower taxation in your new country, or in a trust with you as beneficiary. In the trust, the capital and the assets can accumulate without any taxation. In this way you avoid inheritance tax, gift tax, taxation on immovable property, wealth tax etc.
Consulco offers tax relocation to the following jurisdictions:
Cyprus
The island of Cyprus, being the furthest eastern part of The European Union, is situated in the eastern Mediterranean and has the welcoming statistic of 300 days of sunshine per year. Cyprus is one of the few places in the world that, during periods of the year, can offer you the option of going skiing in the mountains in the morning and enjoying the beach life in the afternoon.
Cyprus has one of the lowest tax rates in Europe without having the compromising reputation of a tax haven, and offers a wide range of double taxation treaties. It is the perfect place for a peaceful, enjoyable and tax advantageous retirement.
Malta
The Maltese Islands are often referred to as the islands of sunshine and history. With their warm, sunny Mediterranean climate and 6,000 years of history, this is a fitting description. Malta offers many attractions, among them an English speaking population, leisure way of life and low taxes.
Malta is one of the most attractive locations in Europe for tax-advantaged private residence. Malta has a low flat rate tax on income remitted and derived in Malta, and there is no minimum stay requirement for being regarded as tax resident.
Andorra
Tucked away high in the Pyrenees Mountains on the borders of France and Spain, lays tiny Andorra, Europe’s most remote tax haven. Andorra is a contrast of high mountains and deep valleys and proudly shows off scenic beauty. Freedom from customs and excise duties attract more than 11.5m tourists each year.
As a resident of Andorra, you do not have liability to Government taxation, other than municipal property taxes. Other Andorran taxes or duties are related to events, rather than residence status.
Consulco services:
Advising you on your chances of success before filing your application
Providing you with legal advice related with immigration matters, regarding your home country and your host country.
Providing you with financial advice, such as tax planning etc., before and after your departure from your home country.
Providing you with the preparation and forwarding of the necessary documentation
Vetting and preparing all supporting documentation for submission
Corresponding and liaison with the government authorities on your behalf during the pending of the application process.
Keeping you informed with the progress of your application and forwarding the permit once issued.
On your arrival to your new country of residence we assist you with the purchase or rental of a house or flat, the drawing up of wills, the filing of annual tax returns or any other legal or financial advice or help you require.
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