100% Tax Exemption in Slovenia?

[@whatwouldhousedo5136]

Hi Michael- just found and subscribed to your channel and binge-watched a bunch of videos. Great stuff, thank you! I spent four months in Slovenia a few years ago and loved it, and I am considering it for retirement (I'm a Canadian citizen/resident), would not be working, only living on pension/REIT distributions. I've been trying to find out about individual property ownership as a non-EU citizen; some websites say it is not possible in Slovenia, but some say it is, based on Canada's membership in the OECD. Are you able to answer this?

[@OffshoreCitizen]

You can buy property there

[@whatwouldhousedo5136]

@@OffshoreCitizen Awesome! Thank you for the prompt reply.

[@jebeno321]

Stumbled upon this, basically the tax until $100k is around 10-20% ("normirani SP") but including the mandatory social security contributions, you will pay here typically around 40%. Oh yea, and police on every corner, similar to Switzerland (just that slovenians "switz" more, meaning they "sweat more" for the same money).

[@110gotrek]

Belgium also has some interesting rules for closing down businesses

[@ozairakhtarcom]

Living cost?

[@OffshoreCitizen]

What would those be?

[@forever_vegan1462]

For example, Estonia has no corporate income tax on retained and reinvested profits. This means that there is 0% taxation on profits as long as the company keeps reinvesting it into further expansion. You saying that is the same rule for Slovenia? thank you.

[@mark5338]

Slovenia is great IF you exclude the minor problems like wages, taxes and the government

[@OffshoreCitizen]

Some people want to go there regardless

[@mauricepapoy5627]

Hi, thank you for the amazing content :) Can you do a video from someone who want to move is business from another country ?(ex : Ireland to Bulgaria). I know there is exit tax ect but seems very complicated

[@OffshoreCitizen]

The process will differ depending on the country of origin and many other circumstances. Probably best to reach out and we'll be happy to assist

[@billhennessey6374]

Very informative video, Michael. I love Slovenia. As you say, it is beautiful, clean, safe, and the people are welcoming.

[@OffshoreCitizen]

Always a pleasure. True! When was the last time you visited?

[@billhennessey6374]

@@OffshoreCitizen, not for about six years or so. I do have a number of friends there, so I would like to get back soon.

[@axterix2057]

I'm from Slovenia ... And I couldn't answer better then your comment

[@RedHotAmarth]

Good video. Very interesting! I moved to Slovenia to live from this year (received temporary residence), at this moment i'm interested in taxes and ways to reduce them. One of the main reasons of moving i was expected new law in 2022 for crypto about 5-10% easy taxation, but goverment changed and law was rejected by next goverment. As i understand if they decide to pass new version of law for crypto exit to fiat it would be 25--27% or even more. Offshore citizen, what optimization scheme for crypto traders residents in Slovenia you can recommend for longterm living - with opening foreign company or even more?

[@ikxikx1]

Where did u read about 25/27 % crypto tax next law????

[@OffshoreCitizen]

Depends on your scale because you need foreign management and control

[@OffshoreCitizen]

Always best to book a call for any specific advice

[@RedHotAmarth]

@@OffshoreCitizen does this mean full-time employment of a certain number of employees?

[@RomilCPatel]

Does something similar apply to Turkey? I’ve heard there’s no capital gains there after 5 years of holding.

[@rahmasamir909]

So Bad people there

[@fkaspow]

What's the tax rate on cryptocurrencies in Slovenia in 2023?

[@OffshoreCitizen]

It's taxed the same as comparable income, no special treatment

[@fkaspow]

What is the rate and is rate increasing depending on your crypto earnings?

[@vickyerickson9731]

Does Slovenia tax foreign income such as US pension and social security?

[@davorin5428]

no

[@maxdam1234]

Yes

[@heavenismydomicile3280]

Luka doncic was born there,the NBA superstar with the Dallas mavericks

[@OffshoreCitizen]

Only affects him if he's living in Slovenia though

[@heavenismydomicile3280]

@@OffshoreCitizen i was referring to the fact that he was born in slovenia,& made it to the big time by joining the NBA.i should’ve made it clear that I wasn’t referring to tax issues or tax situations,just the fact that luka came from a small country & made it to the NBA

[@antoniavie]

I just recently had a long conversation with someone from Slovenia, who was telling my how it all looks nice on the outside, but underneath it's a typical post communist corrupt system. He strongly recommended me not to set up shop there.

[@ozairakhtarcom]

Really, what about for Freelancers or Entrepreneurs ?

[@snowdolphvov4193]

in comparison with what corrupt? I am from here and it is just okay, you wouldn't notice any corruption or post communist mentality

[@snowdolphvov4193]

let's say Italy is much more corrupt

[@OffshoreCitizen]

Corrupt can be a good thing. The real question is how does it affect you?

[@snowdolphvov4193]

@@OffshoreCitizen well it doesn't affect common people and the thing is also what kind of corruption is happening. Here the main cause of it are different constitutions that are not protected enough from political influences and provisions from the government projects. Now, it isn't that bad just not as it should be, and the police is not corrupt, also the military is not, what makes everything run efficiently

[@soundslight7754]

What does it mean ".... cleanest EU country that isn't in the EU....", considering Slovenia IS in the EU?

[@azizsiddique1937]

In Poland and Slovakia if you hold for 5yrs, capital gain tax is 0 too..

[@OffshoreCitizen]

Interesting. Which of the three would you prefer?

[@mark5338]

Friendly tip: don't come even close to Slovenia if you want to do business. Sure this little part of tax exemption is nice but Slovenian government changes things every cycle so this could be gone and you will be stuck in a high tax country with no benefits. Come to Slovenia if you want to retire and lay back, if you want to work the government isn't friendly to you. The less you do the more u are welcomed.

[@miloszivanov]

What about freelancers who work online and make US dollars?

[@ParisianThinker]

This was the most unorganised video I have ever seen. No discussion about the exemptions for American retirees or the cost of health care.

[@davorin5428]

??? you get taxed here on half mil more than 50%, I don't know where you get those numbers. And 5,10,15 years is for capital gains on real estates, now is 25% again in first 5 years. If you make 0,5 mil profit in company and you don't spend it until 31.12 that year, you get taxed more than 50% and pay ' akontacijo dohodnine' that 250k for next year one more time. So be carefull not breaking the leg year after, cause you have to stay awake. And under 100k for companies, that is called 'normiranec', you pay tax on yours 20% of gross income and even that I think is canceled from last or this year. Slovenia is one the best places on earth, but talking nice about taxes is not.Only banks in church live good life here :)

[@fernandoraymond]

Good to know about Slovenia

[@micomarinas2753]

how much is tax for capital gains and dividends on stocks?

[@OffshoreCitizen]

Depends how long you hold & what structure they are held in

[@maxdam1234]

Oround 22-40% depends how much you make

[@lukalevstek7851]

Naslov videa ja totalno zavjujoč, davki so na vse. Odkar imamo svobodo bodo pa le še višji.

[@andrejajster6930]

It was after 10 years when we started, but that was over 20 years ago. European bureaucracy takes time, but it's worth the effort and time. Beautiful country and wonderful people. Even the language is not a problem everyone speaks English and possible one or two more.

[@OffshoreCitizen]

Sounds great. Do you live in Slovenia?

[@danieldashdesmond1349]

Hello , Hoping to know , in your opinion How woke is Slovenia ?

[@OffshoreCitizen]

Not sure I've only visited. As a tourist it didn't affect me but can't speak for if you were living there

[@jebeno321]

Less than Austria. More than Serbia.