Taxes can significantly impact your financial performance. Delaying taxes or strategically offsetting them with capital losses can greatly enhance your investment returns.
Spain’s tax system is based on a progressive income tax, with rates ranging from 19% to 47% for personal income tax. Value-added tax (VAT) is a major source of government revenue, with a standard rate of 21%. Other taxes include wealth tax, inheritance tax, and taxes on property and capital gains. The government also collects social security contributions from employees and employers. As early retirees with significant capital and low income, we will delve into tax residency, investment income and wealth tax.
The Spain’s new 2023 Digital Nomad visa is designed to attract digital nomads and remote workers to the country. The visa allows individuals to live and work in Spain for up to five years. Benefits of this visa include the ability to live and work in Spain while maintaining the freedom to travel and explore the country, and the ability to take advantage of the country’s relatively low cost of living.
Phuket has lots to offer for a family to FIRE. From great food and beautiful landscapes, to good and affordable education, Phuket is very attractive. Indeed, we went to explore Phuket for several weeks and we had a wonderful time. Find out why you should consider it too.
There are many ways to obtain residency in Thailand. Beyond the well-known retirement visa, you can either ‘buy’ your way in, or exploit a less publicized visa if you have your child attending an international private school in Thailand.
You are considering Dubai in your FIRE plan because it has no tax. Indeed, Dubai is very attractive with nice hot weather and no personal income tax. However, you will experience hidden fees everywhere which do really add up. Stay vigilant.
Patience and organization are key skills to settle for FIRE in France. Process is transparent but can be lengthy. Start as early as possible and chase politely if there is no progress to ensure that key documents are not missing.
Dubai has several options allowing you to self-sponsor yours and your family’s residency. Remote Working Visa grants you a one-year visa, renewable. Leaving you enough time to assess if you plan to stay here long term and find your next long term visa scheme.
Why are there so many kindergartens in Dubai, and what are the criteria to look at when choosing one? Understand the different curriculum and the age cut-off for the schools. And let’s find out how to find the best private kindergarten/maternelle in Dubai for your lovely little ones!