Countries with lower taxes and a better quality of living?
I’m currently stuck in Denmark, and it feels like I’m in a never ending financial tug of war with the government, saying goodbye to 50% of my hard earned cash each month. Add a 25% VAT on everything and throw in some hefty taxes on utilities, electricity etc, and you’ve got a situation that has me questioning if this is the life I signed up for.
Living in a place where the cold weather feels like an extra tax on happiness, I’m craving a change.
I’m all about individualism, self-sufficiency, and independence. So here’s the big question: Where in the world are you guys finding that sweet spot between low taxes and a great quality of life?
As I contemplate my escape plan, Cyprus, Portugal, and Dubai are on my radar. I dream of living in a country where taxes don’t feel like daylight robbery. But, and it’s a big ‘but,’ my online income isn’t quite flexing its muscles enough for a move to the streets of Dubai just yet.
So, where are you residing? What’s the tax scene like in your corner of the world? Are you doing a happy dance every payday, or are you, like me, wistfully staring at your bank statement, wondering where all your money went?
And let’s not forget the living conditions. On a scale of 1 to 10, how would you rate your overall quality of life?
I’m not just asking for my benefit, this is a collective quest for a better lifestyle.
Your input is greatly appreciated!
(Just to be crystal clear, I’m not fishing for a lecture on why I should be grateful for my current Danish situation or any unrelated personal opinions. If your input doesn’t contribute constructively, save it for another time.)
I make over 300k and pay close to 50% tax in Australia. It sucks to see literally half your paycheck disappear but then I remember we have free healthcare and social safety nets.
lol me and you both
If memory serves, Costa Rica and Panama both offer 1-2y remote worker visas and they don’t tax foreign earned income.
Andorra
10% income tax
Though there are some pretty hard requirements for most foreigners to become residents
Georgia 1% tax
Texas or Florida.
Cyprus is the best choice in Europe, but rents are high now. Tax can be as low as 18% (look up Johnny Rico on Youtube).
Dubai is probably good if you’re well off.
Estonia can work, but same issues with weather, though no corp tax, only dividends (20%).
Forget about Hong Kong and Singapore, much too expensive.
Thailand is a great and cheap place to live, but difficult to be legal as self employed. Lots of danes up north in Chiang Mai though.
In your case, I’d consider Cyprus. See if you can rent a room somewhere. You only have to live in Cyprus 3 months as long as you keep an adress. You can live in Thailand the rest of the year.
Great insight
I moved to a tax country. NR 1 question is how much money you make. So, is your move worth it?