- Joined
- May 2019
- Messages
- 6,542
Your tax advisor is right. This oozes of tax evasion. In general, temporary residences (those less than 1””2 years) can be and do get called into questions by aggressive countries such as Austria. They'll argue you didn't sufficiently sever your ties to Austria. Maybe you did and maybe you won't owe tax, but you might be up for a months or years long fight with the tax authority.
Furthermore, if this means that you have an apartment in Austria:
drain said:I have [snip] an apartment in my country which I use.
...and if you will continue to own/rent that apartment while you live abroad, there's a risk that the tax authority considers you tax resident of Austria by way of having a place to stay in Austria.
drain said:Another option would be creating real substance in another country (office + director + employee) and live off dividends. But still, I would have to pay dividend tax in my home country afaik and I am not sure whether this would be profitable at $1.5-2M USD profit.
This could work. What's the rush with taking out all the dividends? You can set up a genuine substance somewhere cheap and low/zero tax, have the company make a profit, and at the same time you move abroad to for example Cyprus, Malta, UAE, or some other tax friendly place. Take out your dividends. Stick around for 2””3 years. Then you can move back to Austria. If you want to. Maybe you like it abroad?

