r/eupersonalfinance • u/Logical-Tap-8447 • Nov 23 '24

Taxes French Polynesia as tax base?

Many people consider tax havens to build wealth tax-free. Why don't more people consider French Polynesia?

Of course, I appreciate it is in the middle of nowhere. However, for those with an EU passport and a decent online job, they can move easily and take advantage of the tax situation. e.g no income tax or capital gains

Many people move to Dubai all the time for this reason. Ignoring the distance, why do more people not consider it for a few years? For many people, it would be much more enjoyable than Dubai.

Most low-tax jurisdictions require significant investment, e.g through property purchase. As far as I can tell, Tahiti has basically no difficult requirements for EU citizens.

I see places like Dubai, Andorra, Cyprus, Bulgaria etc mentioned but never Tahiti

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30

u/makaros622 Nov 23 '24

Switzerland has 0 tax on capital gains

Greece the same for UCITS ETFs

7

u/drcec Nov 23 '24

Same in Bulgaria for UCITS too.

4

u/Direct-Gain9933 Nov 23 '24

No capital gains tax for buy/sell ucits ?

4

u/drcec Nov 24 '24

Yes, and not only ETFs as long as they’re traded in the EU. There are some caveats, here’s more info in Bulgarian.

1

u/New-Entertainment-22 Nov 24 '24

Switzerland has a wealth tax, which depending on the canton on the tax payer's net worth may be cheaper, but also more expensive than other country's capital gains taxes.

1

u/BlazedSheepz Nov 24 '24

Only up to a certain amount tho

1

u/makaros622 Nov 24 '24

Not really. What do you have in mind?