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You have to not only acquire a visa to reside in a low tax jurisdiction but you also have to obtain citizenship in it first. You can't become stateless.
by cylinder 9y ago
You have to not only acquire a visa to reside in a low tax jurisdiction but you also have to obtain citizenship in it first. You can't become stateless.
- bjoli 9y agoSome citizenships can be bought for around €100k.
- rurban 9y agoMuch less actually. Paraguay is currently the cheapest with $5,200. See the list with no or low taxes at https://flagtheory.com/tax-free-countries/ https://flagtheory.com/tax-free-countries/
- eaandkw2 9y agoI’m not saying you are wrong, but something really annoys me when I here you can’t become stateless. It's like saying you can’t not have an owner.
- itake 9y agoI think you can be stateless, but then you're not allowed to be anywhere civilized
- empath75 9y agoBeing stateless is an awful thing — the rohinga are effectively stateless, for example.
- planteen 9y agoGood luck protecting yourself against a state, even if you are a billionaire. You have to sleep somewhere and protect your assets somehow.
- mikekchar 9y agoBeing stateless means that you are not allowed to reside anywhere without permission. While there are some drawbacks to having citizenship (depending on the country), there are no countries where it is worth your while to withdraw citizenship without having another to fall back on. All of the legal rights that most people take for granted disappear when you are not a citizen. And if you are arrested for any reason (or even no reason), nobody will come to your aide if you are stateless. Having lived a good percentage of my adult life in countries where I do not have citizenship, it's something that I keep in mind -- I do not have the rights of a citizen. I only live here as a guest on the good graces of my host. Only international agreements with the country that I come from guarantees any due process of law in the case that there is trouble. Having said that, I completely agree with you: it would be wonderful if countries would guarantee rights of people no matter their origin or political affiliations. We don't live in that kind of world, unfortunately.
- eaandkw2 9y agoI totally understand. It actually sounds a lot better when you say "you are not allowed to reside anywhere without permission." It would be nice to be able to travel around the world without restrictions.
- mikro2nd 9y agoPretty much every country has a way to grant right-of-residence visas (or even instant citizenship) to people in a position to invest a large sum of money.
- themihai 9y agoI believe Cyprus is a such country
- ddorian43 9y agoMoney buys many things. Fastests/cheapest: https://ctrustglobal.com/citizenship-by-investment/ https://ctrustglobal.com/citizenship-by-investment/ You can really go ~anywhere, example NL: https://ind.nl/en/other/Pages/Investing-in-the-Netherlands.aspx https://ind.nl/en/other/Pages/Investing-in-the-Netherlands.a...
- charlesdm 9y agoMalta and Cyprus pretty much sell passports. I believe €750,000 gets you a Maltese passport, without requiring you to spend any time in the country.
- Broken_Hippo 9y agoActually, you can. By choice, even. The US allows it: For example, you can renounce your citizenship while living on tribal land. Some countries require it before they give you their citizenship. Though it seems most folks are stateless through discrimination of different sorts or by the circumstances of their birth. https://en.wikipedia.org/wiki/Statelessness https://en.wikipedia.org/wiki/Statelessness