Looking for the best country for funded traders?
I’m currently doing quite well with funded trading and earning a decent income. However, living in the Netherlands means facing a nearly 40% tax rate, which feels excessive. I’m considering relocating to a country with more favorable tax conditions. So far, the only place I’ve come across is Dubai, but it’s not really my cup of tea.
I’m curious—have any of you moved to a different country to minimize your tax burden? If so, which country did you choose and what led to your decision?
One response
It’s great to hear that you’re doing well with funded trading! If you’re looking for countries with more favorable tax conditions for traders, you might want to consider the following options:
Portugal: The Non-Habitual Resident (NHR) regime offers significant tax benefits for new residents, including a flat 20% tax rate on certain income types for the first ten years.
Malta: This country has a relatively low tax rate and offers various tax incentives for expatriates and digital nomads, including a flat tax rate on foreign income.
Singapore: Known for its business-friendly environment and low tax rates, Singapore does not tax capital gains, which can be beneficial for traders.
Estonia: This country has a progressive tax system where you only pay taxes on distributed profits, making it appealing for entrepreneurs and traders.
Georgia: A country with very low taxes, particularly for individuals and businesses in the tech and trading sectors.
Bulgaria: Bulgaria has one of the lowest flat tax rates in the EU at 10%, which can be quite appealing.
Andorra: This small principality offers low tax rates and a peaceful lifestyle, making it an attractive option for many expatriates.
Before making any decisions, it’s wise to consult with a tax advisor or legal expert who understands international tax laws, as tax residency has specific rules and implications. Each country will also have its own residency requirements, so consider these aspects along with your lifestyle preferences. Good luck with your plans!