Summary of Europe’s New Tax-Friendly Country

The video discusses Poland as a new tax-friendly country in Europe due to its lump sum tax program. This program allows individuals to pay a fixed amount of tax annually, providing exceptions and exclusions from normal tax regulations. The cost for this program in Poland is around $75,000 per year, making it more affordable compared to other European countries.

Benefits of Tax Residence in Europe

Access to certain bank accounts

Process of Moving to Poland

Acquiring EU citizenship
Starting a business to obtain a residence permit

Considerations

Poland is a conservative country with rising salaries
Attractive option for lowering taxes and flexibility in traveling around Europe
Importance of tax planning when moving to a European country
Possibility of obtaining second citizenship

Recommendation

The presenter recommends visiting the Nomad Capitalist website for assistance in navigating tax-friendly programs in Europe.

Conclusion

Overall, Poland offers a new option for individuals seeking a tax-friendly country in Europe, with various considerations to take into account before making a decision.

Presenters/Sources

Nomad Capitalist

Notable Quotes

— 00:18 — « Poland is the newest country to have whats called a lumpsum tax program. »

— 01:07 — « Switzerland was one of the original ones that did this uh they have different rules based on every Canton it can get a little bit confusing. »

— 04:01 — « Whats interesting about Poland is that salaries there are very very quickly catching up to the UK I think that by the end of the decade its expected that theyre going to be on par with the UK. »

— 06:07 — « The bottom line is about $75,000 a year you can live in Poland and once youre there you can make as much money as you want. »

— 07:16 — « What we help our clients do is make sense of these programs. »