There isn't a specific jurisdiction, but rather the best one that suits your needs. Many factors must be considered: climate, location, distance from Italy or your loved ones, currency and exchange rate, taxation system (local or global), inefficient (meaning low taxation for obvious reasons), the language spoken, crime rates, and finally, corporate culture.
However, there are places in the world where you really don't need to do business or move. In this presentation below, we'll give you a quick overview of how you should go offshore and the right places to do it if you want to operate with peace of mind and avoid any misunderstandings.
A simple example is taking up tax residency in Panama, registering with AIRE in Panama, but living in Mexico or Colombia. Panama has a territorial tax system, which only applies if you or your company receive payments from Panamanian citizens. In any other case, you will be 100% exempt from any accounting or tax burden. Panama also uses the dollar as its currency, which leads to high living costs. Mexico and Colombia, on the other hand, are high-tax countries but with extremely ineffective systems. Furthermore, their currencies are weak against the dollar, resulting in extremely low living costs. Typically, a global entrepreneur lives in Mexico or Colombia, earning tax-free dollars from Panama, and spending in Mexico or Colombia triples or quadruples their standard of living and purchasing power. They earn in Panama. But they live and invest in Mexico or Colombia, which, being larger countries, also offer many more opportunities for entertainment and pastimes. In practice, it's always worthwhile. This practice is suitable for anyone who operates a 100% online business, for example, which, due to its ethereal nature, can avoid 100% of the taxes due. They can have employees in any jurisdiction given the ease of digital communication available today . The same applies to those who operate dropshipping businesses or sell digital products.
The only countries are Mexico and Colombia.
The only countries are Colombia, Belize and Argentina.
Panama and Paraguay are the fastest. Then Ecuador and Colombia, finally Mexico and Costa Rica.
No, all proceedings are conducted in person before local authorities.
No. Becoming a resident provides the right to occupy a place and a home in the new host country. Depending on the residency title obtained, you may or may not be able to work or exercise other rights. If certain legal requirements are met, after a certain period of time—generally a period that depends on the host country and ranges from a minimum of 2 to a maximum of 5 years—it is possible to apply for naturalization, thus obtaining citizenship, which in turn entails the right to apply for a passport. Please note that citizenship provides all the rights of a citizen but also all the obligations. FAQ
Yes, the most obvious case is when you marry a foreign citizen and both spouses obtain the other's passport, thus possessing two passports and two citizenships.
Yes. These citizenships and passports are issued in 90/180 days and require significant investments or by applying for economic programs in small nations like Dominica, Grenada, St. Kitts & Nevis, Vanuatu, Malta, etc. Investments start from a minimum of 160,000 euros up to several million euros. Our management costs range from a minimum of 30,000 euros and up.
