In order to transfer your taxes to a country that attracts you with low or zero tax rates, you must become a tax resident. As a general rule, in order to become a tax resident of the country you must meet the residency requirement of at least 183 days, and therefore you must have grounds to live in the country for such a long period, that is – a residence permit, permanent residence permit or passport.

However, in some European countries the taxation system includes a special concept of Non-Habitual Resident. Domicile is determined by the permanent place of residence of a person. Non-Habitual Resident is someone who does not reside permanently in the territory of a given country.

But, for example, in Cyprus there is a legal possibility of becoming a tax resident in just 60 days. However, you must meet certain conditions, one of which is NOT to live 183 days in any other country, and therefore not to be its tax resident.

There is no residency requirement in Malta. Under the Malta residence permit program in order to become a tax resident, you must also NOT live 183 days a year in any other country and pay annual income tax at a rate of 15% of income received outside of Malta. The minimum annual tax is 15 thousand euro.