Europe’s New Tax-Friendly Country
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- Опубликовано: 26 июл 2024
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Discover Europe’s latest tax haven hidden in the heart of the continent! While countries like Switzerland have long been synonymous with tax benefits, Poland emerges as a new, cost-effective option with its innovative lumpsum tax program. Join us as we delve into how this program works, its financial implications compared to other European nations, and why Poland might just be the ideal destination for savvy investors and entrepreneurs looking to optimize their tax strategy in Europe.
00:00 Start
00:19 Poland's Lumpsum Tax Program
1:56 Benefits Beyond Tax Savings
3:43 Cultural and Economic Considerations
5:04 Steps to Establish Residency in Poland
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the problem with any country is that it can change its tax code at any time
Tax code changes in Poland so often, that accountants have problems keeping up with it.
And last time when they changed it - called in "New Order" - we haven't known what is going to happen in next tax year when we were choosing tax scheme for that year ....
Poland is really 2nd or 3rd world country in terms of taxes.
@@JoATTech they don't call it "New Order". It was called under previous government a "Polish New Deal"
@@ivanwronsky Not sure about English name. The most important thing is that no one asked me if I want that "New deal".
The name does not matter, what matter is that rules of the game was not know to the last day of tax year.
Actually I pay a bit less taxes now, but this "New deal" caused that my small business does not invest in itself as much as before (and in the market).
Since I was forced to switch the tax scheme, to not pay more I'm not able anymore to deduct my company expenses. So I do not spent the same amount on new tech as before. This means the companies I've been spending money with do not have my money anymore. I guess the same thing is valid for 100k-1m small companies like mine. This caused some stagnation on the market for sure.
The people who create tax schemes in Poland has not idea how companies work.
So they are creating havoc with all their changes.
True
Bingo...
Poland is taking many US companies from Netherlands.
I have worked with many Polish people and they were appropriate, hardworking and kind.
Shi Im tryn be out there. Im Black from the US. Want a new place to post up at
@@PacmanBrunner I'm not black so can't speak like I get it.
Poland is a conservative country and you're coming from too far both demographically and culturally.
Try intra-company transfer from US if you're not EU.
Do they speak English?
@@DeusExMachina50 I worked with them in international companies so it was a requirement but the original language is Polish.
I don't think it is doable to live there for long not speaking Polish.
that's working class and folks who need a job.
I love Poland, most people still have values!
Unfortunately, this is all coming to an end and the new government
will be importing africans and muslims who will turn Poland into a shithole.
Sadly it's slowly going woke just like the rest of the now degenerate west atleast in it's big cities!
Exactly. Unlike most others unfortunately by now. I love Poland, greetings and respect ❤
By "values" you mean "conservative backwards ideology" full of sexism, racism and religious bigotry ?
What values does Poland have that others don't, uh?
There are more reasons to live in Poland: low crime rates, excellent infrastructure, and a dynamic job market. I can see many Polish families moving back from London/the UK to Poland because of the quality of life there.
In fact, after twenty years in the UK, returning to Poland is quite a bit of a shock. The place looks more modern than the West right now - it's probably due to a complete lack of investment in the UK and other Western countries and massive infrastructure buildout in Poland.
Also Poland allows zero illegal immigration.
With new govt its going the opposite direction and theres more and more criminal migros with gangs there, safety is basically gone, but still have like a decade before it shits itself to uk/germany level.
@@raulthepig5821not any more
There is a reason why Poland has a low crime rate. But one cannot say here
Sounds like a place I might wanna slide over to. I like being the token. How much do they like Black people from America? I wanna post up see wat its like. Do they got flights for us and do free housing till we get on our feet?
I'm russian who opened a small business in Poland some years ago and moved to live. It was the best decision of my entire life. I love the place, I love the ppl, I love the values of society. Even with my "not the best descent" nowadays - nobody cares. Just be a decent human and learn the language, poles will like you!
Btw, English is very much accepted here and ppl are happy to speak it even though not everyone can, they'll try to help! Poland is amongst the last EU places with NORMAL human values.
WAWA to become the new economic and business capital of EU! 😂🇵🇱🇪🇺
Я рад что вам Польша нравится! Поздравлаю из Белостока!
May I as where did you move to in Poland and which other places would you recommend to move to in Poland?
Thank you
@@def6420 Dzięki!
@@IamSovereign heavily depends on what you're going to do.
@@IamSovereign Depends what you are looking for. The most popular would be: Warsaw, Gdańsk (tri city), Wrocław, Kraków.. . However some smaller cities like Białystok also offer a lot of peace and some decent business opportunities as there are skilled people there and not everyone wants to move to Warsaw. Depends what is your goal.
I've lived in France, Spain, US, Thailand, China, Singapore, South Korea and Poland. Warsaw was the best city where I have ever lived, by far. Poland is amazing.
Why was it the best?
@DeusExMachina50
They make good sausage and beer.
@@DeusExMachina50 a combination of many factors, long to explain but basically: super safe, friendly people, very well developped, good english spoken, good location for travel, great quality apartments, great food scene, convenient daily life... most people who travel there are shocked to realize how awesome this country has become.
Ohh
I'd like to hear how it was in China and Thailand
@@raphaelolivier9606 man, I agree 💯. I've been to 30-40 countries, and every time I come back to Warsaw, it feels I come back to civilization 🙂
I absolutely love: and am proud to call Poland home 🇵🇱❤️
How's it for an African woman?
@@zino8068 I’m not African , I’m a Black American. I will say that have not had any major issues. Poland is welcoming to all who assimilate and embrace their morals and values. I chose to move to Poland because I believe in the core morals and values that the country still holds. There are quite a few Africans /African women in Poland and it seems like they’re doing well. 🙋🏽♀️❤️🇵🇱
What a great option! Hopefully Poland will stay on this positive path. They have been through a lot over the centuries.
Im Black from USA Im tryna go out somewhere on the come up where my money will buy me more. Im not tryna work more than 15 hours max per week
America is not sending their best...
@@PacmanBrunner try working 70 hrs per week, the way I had to work. Then, maybe you will get ahead.
@@BBStyles777 Lls fuak no.My ancestors built this country we still aint got paid yet.
Greetings from Poland. I have left UK long time ago....but don't forget about war possibility
How is the situation now?
Can you tell anything about the possibility Poland going to war?
We love Poland and would want to live there long term. Unfortunately these times are crazy for any place to be. 😢
@@Rudelherz it's safe don't read too much mainstream media
war possibility? bro…
You didn't mention that:
1. You can cash out crypto to USDC without tax (19% tax applies only when you cash out crypto to fiat money). It's like in France.
2. Poland has introduced a new vehicle named "fundacja rodzinna" which allows you to invest in securities (shares, bonds) and real estate without tax if you don't withdraw money from the vehicle (when you withdraw it's 15% tax only). There is no dividend or interest tax under this vehicle. It doesn't cost much to maintain this vehicle (1-3k euro per year).
3. Most of the young people speak fluent English in Poland.
4. There are 5 times fewer crimes in Poland than in Western European Countries.
But if you first sell btc or eth , isn't that in itself a taxable event?
@@yts4106 if you sell btc or eth to usdc then no tax.
If you are taxed under this scheme (+/- $75k/yr) does the 19% tax rate still apply?
Why did you use the term "cash out crypto" for converting, for example, BTC or ETH to USDC? Isn't USDC a stablecoin, which is also a crypto? I'm confused.
And the 5% income tax for professionals selling rights to Intellectual Properties. So basically most people in IT among other roles.
I was born in Poland but grew up in Canada, now I’m considering going back and getting my citizenship.
You may already have it.
Please stay in Canada, Poland doesn’t need canadians to spread their communist ideologies in Poland.
I moved to Poland from Canada 3 years ago and it's the best decision I've ever made! (Born in Poland, in Canada since small child). Do it! You won't regret it!! And you are already a citizen! :) Welcome to the good life!
If you don't have a valid polish document you have to start from scratch. I is going to take you about two years ,unfortunately. Good luck!
As a Polish person, tax heaven is the last thing I'd call my coutry. I think corporate tax rates are chill. Until you come into understanding of so call ''social taxes'', the heritage of the communist era social systems. Not only as an enterpreneur you have obligation of paying health, retirement, and 5 other taxes I can't name. The full entitlement work contract for a worker that makes 5000 euro gross, nets 3000 euros, I'd say a factual tax on that nears 40%. That's not a definition of a tax heaven in my understanding. That being said, Poland has many advantages for when it comes to high economic development rate.
I so enjoy your videos and information. The presenting of options, the possibilities 'out there' makes for What's Next strategy-talking for my family, and this is huge. Blessings to you and to yours, sir.
Poland is tax heaven for small businesses. LLCs pay 9% of CIT if their revenue is less than 2 million Euro.
What's more, as a manager/CEO you may choose to be employed with Management Contract and not with standard Emplyment, and then you only pay 9% health insurance and no other social securities (retirement).
Free from PIT is first 45k PLN. Then up to 120k you pay 12%, above that 32%
Further more if you are a creative or programmer, you can be paid on Opus Contract (sorry can't find good translation) meaning that you are to provide specific piece of "art" like text, sculpture or a computer program, if you give away authorship rights then you can count 50% of contract amount as a "production cost" making PIT effectively 6%. From such contract there is no required health insurance!
Now if you put that together, as a programmer you establish LLC, pay yourself as Opus Contract and your total taxes and socials can be as little as 6% of income😅
what about vat?
Like a freelancer ?
That's great! Thanks for the info, it's similar to Colombia's simple tax regime
but u still get the crappy EU policies
U can also serve and invoice all EU clients without bother
So many wealthy people are leaving the UK either for the Islands or totally to tax havens .One of my oldest bosses moved to Monaco ,which he hates,but will put up with for his childrens' sake.
Which islands?
@@DeusExMachina50 The Isle of Man but if you are willing to provide a lot more paperwork and deal with a two tier property market then Jersey or Guernsey.
There's also Sark.
I've seen pictures of monoca, I don't see the allure. It looked basic with ugly buildings and super compact and crowded.
We need to talk about the weather… summers are amazing, but apart from those 2-3 months in a year it’s pure misery…
There are more warm tax-friendly countries than cold ones.
Global Warming is making it miserable to live in warm climates
You may ‘save’ tax money in Switzerland but the cost of living is high and home ownership is low due to home prices. My grandfather was Swiss and it is a beautiful country. Another positive, it has a ton of mountain WW2 bunkers if s**t hits the fan and can effectively shut the country off. Unfortunately, I do not believe I can get a Swiss passport as my mother never pursued hers and the process is complicated.
I really need to work on potentially getting an Italian passport through my Great Grandfather on my father’s side.
Definitely try to get the swiss passport, it is pure gold with no cost for you
I think with your time passport you can live in Switzerland. I know it's expensive but there are so many positives. You are much more connected to Greater Europe while still being in a protective bubble.
i just came back from warsaw for a week on a euro trip and i liked it the most out of Berlin, Prague, Stuttgart.
Poland has made crazy strides and has become really modern and successful. But it's still difficult as a foreigner. The language is bonkers difficult, the people often seem rude, which in many cases are probably just artifacts of cultural and linguistic barriers, so it can feel like a cold distant place for outsiders.
Thanks for sharing 😊
As polish citizen I can add
that to register LTD company you need 5000PLN what is about 1200 euro more less.
As a sole trader you can pay 5,5% if its construction like brick laying, roofing etc, internal works in construction 8,5% tax... Sole traders need to pay social security and it's not like in other countries. If you earn nothing during the month you still need to pay around 700euros (have of it if you just beginnig your sole trade)
If you earn more than 300000pln during the year you need to pay hidden tax around 6000pln it's called health insurance but it's just a hidden tax :)
BTW because of you my head opened so maybe I will figure out another passport
Registration of sole trader company is for free. 500 eur is the cost of social insurance (pension). About 50-100 eur accountant, you can do the formal things by yourself also. Taxes with this type of company are ridiculously low. You can be a sole trader and work for company on similar rules like a former employee, but with much lower taxes
I’m currently in Copenhagen Denmark but after visiting Poland I’d much much prefer to be living in Warsaw or any city in Poland. Real people, and a sense of freedom there.
Just got married in Poland to a Polish Wife, I am intending to move within the next year to Poznan, I have visited once a month for the past 9 years and have noticed the cost of living has increased markedly especially property, its still cheaper than the UK but the gap has definitely closed. I don't underestimate the difficulty of learning the language, however most major cities English is widely spoken.
poznan is a hidden gem, imo most livable city in poland apart from sopot.
The biggest problem with Poland is the Polish language. Not exactly easy to pick up.
You can get around with English just fine.
Polish language hard to pick up? ;) compared to what? Hungarian? Finish Language? German grammar? French spelling? :)
@@medialistener Compared to any romance language or English.
@@def6420😢😢
@caustinolino3687
You don't need it in bigger, leftist cities.
Thanks Andrew
opinions on balkans and central asia, future predictions?
Ive been to poland. I loved it. I would live there.
Dude, you nailed the pronunciation of my hometown, Wrocław. That's rare. Now, just Złoty. It's pronounced with an 'o' like in 'born,' not the 'ah' sound you were using. Anyway, it's good to see you're still posting -- it's been a while.
By the way, I used to watch your videos a few years ago when I was thinking of moving my tax residency elsewhere. But then the government here introduced a 5% income tax for folks selling the rights to their IP, which I do, and voila, they gave me the tax rate I was looking for without having to move 🎉
Thanks for the kind words.
@nomadcapitalist Are you part Polish? of Polish heritage? Your pronunciation was pretty good for a non-Pole.
Even better, Polish LLC can pay only 5% Corporate tax if you are selling IP. You personally can establish a Family trust and then pay 0% tax as long as the profits are reinvested. There is 15% tax on distributing money out of the trust
I am here right now. It's amazing
Big fan sir
given Ukraine's War trajectory, not so sure about this one....and the weather, not so sure again....
What about the weather? 😂 We have lovely spring and summer. Autumn is colourful and still pretty warm and stable and nowadays during the winter sometimes theres no snow! And not mamy temeratures on -. Its -5 rarely -10.
@@ksieznamusic no offense, I am accustomed to 50-80 degrees F....any place that drops below 30 F regularly (90 days or more per yr) or rises above 90 F regularly (90 days or more per yr) isn't something I would consider good weather to live...
Other than that Poland is tax HELL - for poor people :D
VAT at 23%. As 1 person company I pay ~38% taxes even though I optimise my taxes to the max (even my accountant is surprised what trick I pull from my sleeve).
Sure if you are rich enough you can pay 0%, but you have to be able to afford Estonian shell company and good layers :D.
Exactly! Anyone interested in Poland should just read about their tax rates especially personal income tax. This video is ridiculous.
@@user-uq4qe2om5y I'm actually Pole suffering for insane tax rates here in Poland.
Also being 1 person company I pay for social security insane amount (for Polish standards) getting nothing in return.
@@saintstyle For someone bringing 100m EUR/USD business here this might make sense, but I guess they do not care about such tax savings anyway. Usually corpos pay 0 tax here. Only tax they pay is the tax for their employees. Other than that with creative accounting billion euro companies pay less corporate tax than I (being 1 person small business) pay ... really.
@@user-uq4qe2om5y Of course you can maneuver a bit around the VAT, but it depends which tax scheme you have.
Actually VAT is the highest tax I pay here, although I rarely spend money on stuff which is not related to my business.
But generally 23% VAT is brutal as you said.
Plus is that prices in Poland are probably 1/4- half of the prices in US, unless we are talking about tech stuff (like Mac, phones, cameras), then it's 30% more expensive than in states, and we earn 1/4th of the states wage ... brutal.
@@JoATTech they still have to pay the income tax which is very high.
Problems with Poland: weather is shit (May-October is nice, November-April is shit). Business culture is shit (maybe not in IT though). Capital gain tax is 19%. Road safety is terrible. Air is terrible in big cities (although this is slowly changing for the better). Half the population is very religious/conservative in not the best way.
Politicians play fast and loose with the tax code. It can change at the very last moment and give you no time to prepare for the next year. People got addicted to welfare handouts and now every government is going to raise those (otherwise they don't win election). This means higher and higher taxes in coming years. It has good deals for small companies, especially if you are IP author but that's the only advantage. A lot of other countries offer similar or better deals anyway.
Another problem is that it's close to Russia and borders Ukraine. There is non zero risk of things hitting the fan in coming years.
Source: I am Polish, lived in Poland for most of my life and looking for a way out now.
Homogenous countires seem to be the most prosperous and safe.
Who would have thought 🤔
Yeah, we need to get back to that.
Switzerland, Monaco, Singapore?? Not very homogenous
@@nadie8093 Switzerland is very close to it, as well as Monaco. Europeans living with other Europeans, that works!
Singapore works due to it's totalitarian state 👍🏻 it forces b@rb@r1@ns to live together.
@@nadie8093 YT won't let me tell you what doesn't work, think Europe full of the 3rd world, plebs who couldn't even built up their own countries.
Visiting Warsaw now and as many or more Polish speak English than elsewhere in EU. Modern, affordable, lots of things happening.
Andrew, the hangover period is not the best time to come up with a new theme for the video.🤣
This is very timely, Andrew.
Why, you are quite "speedy" with this video.
Thank you for posting this. As you are no doubt aware the UK have recently elected a Labour government so the country will rapidly be taking a turn for the worse.
Poland is awesome I lived there for 9 years and I’m currently considering moving back. This said, you’ll never learn the language unless you’re from another Slavic country. I promise
I worked with Arabic person who learned Polish quite easily. He was just learning few words every day and practised that's it and his Polish is pretty good. I think If You say yourself its very hard you'll find excuse to drop it but If Youre approach is I can do that You'll find a way. Maybe proffesional teacher!
Poland is a nice country. You really know you live in Poland when you look around. You’re surrounded by real Polish people, talking Polish. So special!🎉
Hey andrew can you explain this to me?
submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually
Does this means that one has to pay 250k dirhams every year despite paying the 2m dirhams upfront for golden visa???
Please speak to our specialists for detailed information on this requirement. You can reach out to them through this link: nomadcapitalist.com/apply/
I can buy an awful lot of Kielbasa for $75,000 a year...
😂
When you look at Poland take also a look at Romania and Bulgaria. They dont have the lump sum deal but you have very low taxes, below 10%, they are also conservative and have increased their living standards especially in the big cities.
What about crime rates and racism in those two?
@@delaslightIt’s very low. All the bad guys are in the West doing their thing😂 Where are you from? I lived abroad for the past 22 years, last 16 in the UK, I got family members in various countries and Continents and I’m about to live solely on things that I can do with a laptop and a wi fi connection, by next year I hope I can kind of move back home to Romania but also live in few other countries where I have family. We tend to welcome foreigners and be friendly to them and awesome hosts. As any other place, give yourself at least 3 months to get a feel of a certain place or country.
@@japanluv Hi, I agree. I visited Bucharest for the first time last autumn. Loved it, will be happy to spend more time in the country. I was floored by super quality but sadly empty huge art museums in the capital. In my opinion Romanian painters are seriously underrated, if at all known in the west. ❤❤
@@wavemastery1786 Yes, we don’t appreciate enough our own artists. Glad you had a good time.
Greetings from the simpler life in paradise 🏖️🇲🇽
I can’t find information on that anywhere in the media :x am I blind or what? And I do speak Polish, for the record.
I'd like to hear more about Bosnia
Poland has a bigger GDP per capita than Greece Portugal and soon Spain.
great, now only if I have a billion dollars in savings/investments so I can go to Poland.
75.000 usd for me as owner of the companies or for my polish company?
Problem is it’s property rights are weaker than Malaysia
75000 usd......so you have to make over 750.000 usd/year to have any advantage over Bulgaria or Romania (at 10%). Yes, it is an improvement over Italy or Greece but still a bit high to be attractive for many people. I guess we have to wait for the next country with a better deal. Probably below 50.000 usd/year to become interesting (assuming you also get 'free' medical insurance for at least 2 persons) and a country with a better climate, better food and less drunks on the road.
Meanwhile polish companies are moving to other EU states because of high taxes
They're not though
jesteś w stanie podać realne dane o tym świadczące? czy klasycznie lecimy na anegdotach?
I think this is only for corporate taxation, no? So you still have to pay potentially high taxes on dividends received as an individual tax payer.
weather is bad most of the year and exit tax, inheritance tax, etc. Not exactly "tax friendly"
Well, my wife is from Thailand so there aren't many options for her or me in that case. Malaysia is on the list though
Actually i am not sure if poland is a good country to go to, our prime minister said recently that we are in the pre-war times, many people are speculating about that they are willing to put us in the war against russia and moreover elected governments (previous and actual, and probably next)are leftist, socialistic, call it what you want, they are beginning to allow illegal immigrants to settle in poland
The thing which is popular to say in Poland recently is that in Marbella in Spain there is a new polish district because so many Poles have bought their houses in this city, so a lot of people are preparing to leave, because of those things i've written and many more
Thanks I (Germany) was thinking along similar lines. Hopefully there won't be a war, but If there will be one, Poland is probavly not ideal. Which is a shame.
Do not look for a wife in Poland guys. We dont like to share;) btw. Even Poles dont understand their tax code ;p
I have Polish descent, but it's from more than 100 years ago. I've seen different advice on different immigration websites, does anyone have actual experience getting Polish citizenship by descent? And is it possible for multiple generations ago?
Polish expats are returning to Poland in droves given its auspicious economic prospects. However, acquiring Polish citizenship or residency is an arduous journey which requires pesky and doozy red tape.
Yeah that’s what I heard
@hungo7720
You get residency quickly and automatically. You don't need citizenshit.
My mother is Polish, it took me like 1 year and 6 months
Doesn’t matter we aren’t moving buying or going anywhere, Homie
How many years to naturalisation?
Ten in Poland
What about if you're British with a EU residency card?
My wife is Polish, I am South African, and we live in South Africa.
If we go to Poland... do I automatically get a residence permit?
Most EU countries have some sort of family reunion residence program, yes you’ll likely be given a residence permit.
Poland has more and more south Asians and Africans coming in. I've been to Poland 5 times over 25 years and I can see the change. The same is happening to Serbia, more and more Muslims are moving there.
They need to shift their huge overpopulation there due to lack of resources at home.
With the new government there it can change anytime
Lump sum is epic
Hungary
I had a business there 15 years ago , it’s growing like crazy but still very affordable. They love Americans and anyone in their 30 s or younger all speak English very well. Many in their 40 s and 50 s speak it reasonable well . Food is clean and excellent very little junk food the women are stunning , and traditional. Very active cultural life as well . They have a relatively underdeveloped Baltic Sea coast line so huge marine based businesses opportunity. Super advanced industrial and high tech companies. Strong banks and well run currency. . 😊
So basically pay 75000 a year to live there? That seems extremely steep
I think that’s the price to attain permanent residency. I believe most countries will not tax you at all if you stay there for under 6 months a year.
@@SR-ob3wn Better to just marry a local women
@@stevenobinator2229 marriage will cost you more in the long run..
@@medialistener not is your wife isn't a whore
And a side-bonus for single guys: Polish women are GORGEOUS!
I'm Polish, I'll add...arrogant, demanding, golddigging divas. I'll take Asian, Indian or Latin any day.
I'm on vacation there right now. Makes me think god I'm born a man
Agree, my first two loves in my life were women of Polish descent.
From what I know, there is no property tax in Poland either. So if you want to buy a house, you will not pay taxes on it. Property taxes can be very high in Europe.
yes there is, just not the same idiotic amount as in the west
Foreigner can’t buy house with land in Poland without permission. Only flat
@@ggaby89oh no!!
Keep the border closed, keep it Polish.
Not the best advice if you want to attract foreign investment or digital nomads.
Poland is part of the Schengen agreement anyway.
@@soundscape26 wrong. You could still invest and not give up your countries sovereignty.
@@SuperWhiteshadow1 Since when having open borders clashes with being sovereign? All countries in the world except perhaps North Korea, accept immigrants.
@@soundscape26 sure, legal immigrants. Not open borders. Lock the borders, good job Poland. You have no idea how open borders cause the lose of sovereignty? Either you are lying, stupid, or have malicious intent.
Poland has always been an underestimated underdog in the EU but things are changing and their GDP will soon takeover germany.
@samuelzev4076
Hahaha!
USA maybe?
Good luck learning Polish
Kurwa bobr ja perdole. Easy 😂
These Days Tax Freindly Doesn't Seem to Last Any where.
Poland has recently given in to EU and NATO demands; immigration, taxation, etc are subject to radical change.
That's unfortunate, could you please elaborate? Thinking of buying property there and maybe moving over there.
@@the_aj_system bascially under their leader tusk they will probably end up no better than germany in a years time, do research before u put ur money anywhere
... TAX HEAVEN?! Residents wouldn't agree. It's great for big business
That means you pay $6250 per month on taxes. This fix tax approach is not for us lean FIRE folks 😄
Poland has exit tax that applies when a taxpayer changes tax residence. Does it apply also after 10 years tax residency with lump sum when one wants to move to different country?
Following
The Polish name is "podatek od wyjścia". But it's not all-encompassing.
@@MrYogidoo please expand. Let’s say you move to Poland open an online biz, make 2 millions, leave Poland. What happens?
I would rather go to Cyprus or Georgia
what a surprise Mr. "Devidze" :D
Both countries are shitholes compared to Poland. But you pay less taxes yes. I also move to Cyprus because of the nondom regime.
Agressive attitude towards Russia is big ”?” For Polands future
Make Poland Great Again!!!
❤ it already is
I guess thenlimit is 3million Euro bro?
I WANT TO GO TO A DIFFERENT PLANET!
I watched a video of an Englishman who moved to Poland to work as a fire fighter. He said that when he was learning Polish he was told it was the second most difficult language to learn after the Chinese languages.
Hungarian is worse...
sure, great but its freezing in winter. i’d rather pay tax and be warm
There are more warm tax-friendly countries than cold ones.
@@nomadcapitalist looking at relocating with my family out of the UK, somewhere warm and crypto tax friendly in 2-3 yrs.
Me : looking for a lower PIT than 12%
the video : my country is a tax heaven
Spróbuj niemcy 😂 Ci to mają dopiero przejebane
I love poland, I was gonna probably go to poland anyway because some my best friends came from germany. I knew jewish guy he came from lodz poland in ww2. Germany one of best countries to become rich, other than japan, China, USA, India, Mexico, UK Australia. ETC.
"Learn how to speak Polish" - good luck with that :D
I hope learning Polish is easy
No worries it’s just one of the most difficult languages in the world 😂
Poland is defense spending friendly. Some claim targeted individuals are crazy but there were protest in Poland, so no surprise there. Like the USA there’s some questionable human rights violations. I.e. extrajudicial. Poland was significantly affected by radiation from the Chernobyl disaster in 1986. Polish winters can be very random from very cold to mild with gloomy skies. If a global conflict breaks out it would be a prime target for Russia.
There is one big issue with Poland -- its neighbour.
Yep, little bit too close to comfort
which one? :D
Unfortunately they are one of the loudest at banging to wars drums with russia so not sure how safe you'll be
Poland needs Ukraine to provide a buffer with Russia. Just common sense. It's easier to be friends if you keep distance :)
yes, you´re right I agree on that, but that´s kind of politics the majority of the polish people doesn´t want to go to war with the russians, I have a lot of polish coworkers and families who live next to me in my place they just want to have their freedom, no war -like most of us- ;)
Seriously. I meet a Polish fighter pilot in the US who was training with the Americans and he was severely anti Russian
@In-hoc-signo-vinces
Sure xD
They will attack Poland cause they can't finish up Ukraine.
Poland modernise its army. This week arrived to Poland last part of the new abrams from USA.
We Polish people have a new government . That is totaly germany, and european union dependent. We have new migrant policies. German police taking migrants by vans to Poland through borders. This country is heading on a wrong direction now.
Love that you have to speak the language to be a citizen. Just imagine if the US implemented that, I could see non citizens and college students rioting. Well, they already are but this would be just another excuse to riot.
There is no perfect country.But Poland remains standing because it does not succumb to the politically correct playbook.
I’d consider Poland if it wasn’t a NATO country
Oh you're "one of those" guys.
POLSKA GÓROM