Tax-free countries

Jambonjunior

Currently I've a job that I can perform remotely. I thinking about the possibility of moving somewhere for a year or two to somewhere like the UAE where there's no income tax to build some savings.

Is there anyone here that's done something similar?
Would there be an issue with getting visas since I wont be working for a local employer?
Is there other countries people would recommend instead?
I'm just at the start of researching this, so apologies for the simple questions!

rojito

I don't think it would be straightforward, it doesn't take a great stretch of the imagination to see how your idea (legitimate and honest in your case) could be taken advantage of and lead to shell companies, money laundering and all that stuff we saw from the Panama papers.

Tom Dunne

You wont get into a Middle Eastern country for more than a few weeks without a working visa.

Also, assuming the employer is in Ireland, paying onto your bank account here, how could you ask them not to charge you tax? They are legally obliged to.

Jambonjunior

Tom Dunne wrote: »

You wont get into a Middle Eastern country for more than a few weeks without a working visa.

Also, assuming the employer is in Ireland, paying onto your bank account here, how could you ask them not to charge you tax? They are legally obliged to.

I'd be a tax resident abroad. I don't think think there's anything that unusual or untoward about it.

jester77

I know a lad who set himself up in Lichtenstein for this reason, he was making enough through affiliate linking to earn a living there.

Matt Murdock

It is not that simple lads.

You have to be gone at least 4 years before you can be considered as non resident for tax.

howa .223

Matt Murdock wrote: »

It is not that simple lads.

You have to be gone at least 4 years before you can be considered as non resident for tax.

Is it not be gone for over 6 months of the tax year? Then your classed as non resident. Im not 100% but that's what I heard.

glued

Long story short is that you can't do it.

Jambonjunior

howa .223 wrote: »

Is it not be gone for over 6 months of the tax year? Then your classed as non resident. Im not 100% but that's what I heard.

Yep

http://www.boards.ie/vbulletin/showthread.php?t=2056305970

Jambonjunior

glued wrote: »

Long story short is that you can't do it.

do what?

Matt Murdock

You must be considered non resident for 3 out of the previous 4 years before you become a tax exile.

Ordinary residence

Your pattern of residence over a number of years is taken into account to decide your ‘ordinary residence’.
If you have been resident for the previous three tax years then you become ordinarily resident from the start of the fourth year. If you leave the country, you will continue to be ordinarily resident until you have been non-resident for three continuous tax years.

They sure make it hard.