Tax residency

Tax residency is one of the factors that determines where and how your income from different countries around the world will be taxed. E.g. the Czech legal system stipulates that if you stay in the Czech Republic for more than 183 days a year, you are a Czech tax resident (and both income from the Czech Republic and from the world are subject to taxation under Czech law). Otherwise, you may be a tax non-resident, which will affect your tax liability towards the Czech Republic, which will be lower.

However, tax residency in some states may be more advantageous than in others. At the same time, there may be situations where, due to different laws of individual states, two states consider one person to be their tax resident. Also for this purpose, states conclude mutual agreements on double taxation – these regulate not only the determination of tax residence, but also prevent, for example, one income from being taxed twice.

How to choose the ideal tax residence? The conditions for obtaining it differ in individual jurisdictions. In some, which at the same time have very favorable taxation for foreign income, it is enough to register a permanent residence. In others, you really need to stay for some part of the year. But they have one thing in common. A correctly chosen tax residence can significantly help in tax optimization in a completely legal way. Contact us and consult with us which countries are the most suitable for your tax residence. We will discuss with you the sphere of your activity and advise you on the best solution and the way to achieve it.

Below you can read detailed information on our two most popular jurisdictions related to tax residency. Otherwise, you can also contact us directly for a free consultation. Do not hesitate to contact us. We will be happy to help you.