Flee the EU to Avoid Taxation on Worldwide Income?

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In this video, Nomad Capitalist CFO Rusudan Abdushelishvili explains what is causing many wealthy people to flee the European Union. Rusudan touches on the possibility of a countries or countries adopting citizenship-based taxation, and she reveals the steps EU entrepreneurs and investors can take to establish a new tax residence and move to a country where they are treated best.

00:00 Why Wealthy People are Fleeing the European Union
01:12 France Proposing Citizenship-Based Taxation?
02:14 Lifestyle Considerations
02:46 Tax-Friendly Countries in the EU—Italy and Malta
02:58 Two Tax-Friendly Countries Outside the EU and Factors to Consider
03:32 How to Exit Your Country—Tax Non-Resident Procedures
05:11 Establishing Tax Residence in a New Country and Compliance
10:27 Trajectory of the EU and Planning Now for Tax Hikes

Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."

Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.

Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.

If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.

DISCLAIMER: Nomad Capitalist’s YouTube videos are for general informational purposes only and the videos do not constitute and should not be taken as legal or tax advice applicable to any individual’s specific circumstances.