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@dbtngbeliever Yes, you are correct. It’s 8.5% on turnover and business expenses are not deductible. Not much, I believe something like 40% of ZUS can be deducted. You don’t pay any lump sum for ZUS. You pay it on a monthly basis. You start with preferential rate valid for 6 months for new...

@ngbankhuen Well I did not have to go to Luxembourg. Maybe just send them documents and they will take it from there.

@ngbankhuen Just click "open account" the link goes here: https://www.bgl.lu/en/individuals/bank-account/application-open-account.html

@fcs2525 Based on your requirements I would recommend BGL BNP Luxembourg: https://www.bgl.lu/en/individuals/bank-account.html , they open accounts to non residents but it took me total 3 weeks before I had my account opened.

@dbtngbeliever Interesting. Is the relief well laid out in English by the Italian government? I think I read about its cons somewhere. Do you know offshorecorptalk forum? It’s one of the best forums about banking, tax optimizations, discussing those tax relief programs etc. I would suggest...

@dbtngbeliever It is fairly easy to communicate in English in Warsaw. I would normally pick Italy simply due to the weather, but I am not sure about communication skills in your places of consideration. Also isn’t the Italian tax relief temporary?

@gabrielbarry By keeping cash balances and investments with banks outside EU, e.g. UAE, Singapore. They do open accounts to wealthy non residents.

@gabrielbarry I would keep money dedicated to buy a house in a high yield saving account, especially with 2-3 years period in mind. I have a very simple approach to investing, so would recommend all in one ETF such as V80A or VWCE depending whether you want 80% stocks and 20% bonds or 100%...