Under the ‘non-dom’ regime the expat is generally only taxed on income derived in the UK or remitted to the UK. The UK is therefore a fiscal paradise for foreign (wealthy) individuals who do not have their domicile (roots) in the UK.
Did you know that also the Netherlands can be a fiscal paradise for these foreign wealthy individuals?
A similar (or even better) situation can usually be set up in the Netherlands for wealthy individuals moving to the Netherlands who generally speaking have not been a resident of (or close to) the Netherlands for more than 5 years in the last 25 years.
The benefits of the Dutch facility – which has a maximum duration of 5 years – are substantial, for instance:
The Dutch facility takes some Dutch tax planning and setting up a Dutch company but it can certainly be done.
Here is an example of the possible benefits of the Migrantic structure:
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