the problem with any country is that it can change its tax code at any time
@JoATTech3 ай бұрын
Tax code changes in Poland so often, that accountants have problems keeping up with it. And last time when they changed it - called in "New Order" - we haven't known what is going to happen in next tax year when we were choosing tax scheme for that year .... Poland is really 2nd or 3rd world country in terms of taxes.
@ivanwronsky3 ай бұрын
@@JoATTech they don't call it "New Order". It was called under previous government a "Polish New Deal"
@JoATTech3 ай бұрын
@@ivanwronsky Not sure about English name. The most important thing is that no one asked me if I want that "New deal". The name does not matter, what matter is that rules of the game was not know to the last day of tax year. Actually I pay a bit less taxes now, but this "New deal" caused that my small business does not invest in itself as much as before (and in the market). Since I was forced to switch the tax scheme, to not pay more I'm not able anymore to deduct my company expenses. So I do not spent the same amount on new tech as before. This means the companies I've been spending money with do not have my money anymore. I guess the same thing is valid for 100k-1m small companies like mine. This caused some stagnation on the market for sure. The people who create tax schemes in Poland has not idea how companies work. So they are creating havoc with all their changes.
@tonylouis7082 ай бұрын
True
@bpd96602 ай бұрын
Bingo...
@SC189433 ай бұрын
Poland is taking many US companies from Netherlands. I have worked with many Polish people and they were appropriate, hardworking and kind.
@PacmanBrunner3 ай бұрын
Shi Im tryn be out there. Im Black from the US. Want a new place to post up at
@SC189433 ай бұрын
@@PacmanBrunner I'm not black so can't speak like I get it. Poland is a conservative country and you're coming from too far both demographically and culturally. Try intra-company transfer from US if you're not EU.
@SC189433 ай бұрын
@@DeusExMachina50 I worked with them in international companies so it was a requirement but the original language is Polish. I don't think it is doable to live there for long not speaking Polish.
@PacmanBrunner3 ай бұрын
@@DS-vx3wf Oh no an why u say that? U know the racism gettn bad again in the US. Need a place that does housing till I get on my feet till Im back to gettin money
@lordfarquad56983 ай бұрын
@@PacmanBrunner keep your garbage culture in your country.
@ps-dn7ce3 ай бұрын
There are more reasons to live in Poland: low crime rates, excellent infrastructure, and a dynamic job market. I can see many Polish families moving back from London/the UK to Poland because of the quality of life there. In fact, after twenty years in the UK, returning to Poland is quite a bit of a shock. The place looks more modern than the West right now - it's probably due to a complete lack of investment in the UK and other Western countries and massive infrastructure buildout in Poland.
@raulthepig58213 ай бұрын
Also Poland allows zero illegal immigration.
@skavihekkora50393 ай бұрын
With new govt its going the opposite direction and theres more and more criminal migros with gangs there, safety is basically gone, but still have like a decade before it shits itself to uk/germany level.
@skavihekkora50393 ай бұрын
@@raulthepig5821not any more
@emh68443 ай бұрын
There is a reason why Poland has a low crime rate. But one cannot say here
@PacmanBrunner3 ай бұрын
Sounds like a place I might wanna slide over to. I like being the token. How much do they like Black people from America? I wanna post up see wat its like. Do they got flights for us and do free housing till we get on our feet?
@Hfgh5643 ай бұрын
I'm russian who opened a small business in Poland some years ago and moved to live. It was the best decision of my entire life. I love the place, I love the ppl, I love the values of society. Even with my "not the best descent" nowadays - nobody cares. Just be a decent human and learn the language, poles will like you! Btw, English is very much accepted here and ppl are happy to speak it even though not everyone can, they'll try to help! Poland is amongst the last EU places with NORMAL human values. WAWA to become the new economic and business capital of EU! 😂🇵🇱🇪🇺
@def64203 ай бұрын
Я рад что вам Польша нравится! Поздравлаю из Белостока!
@IamSovereign3 ай бұрын
May I as where did you move to in Poland and which other places would you recommend to move to in Poland? Thank you
@Hfgh5643 ай бұрын
@@def6420 Dzięki!
@Hfgh5643 ай бұрын
@@IamSovereign heavily depends on what you're going to do.
@def64203 ай бұрын
@@IamSovereign Depends what you are looking for. The most popular would be: Warsaw, Gdańsk (tri city), Wrocław, Kraków.. . However some smaller cities like Białystok also offer a lot of peace and some decent business opportunities as there are skilled people there and not everyone wants to move to Warsaw. Depends what is your goal.
@stephenp77082 ай бұрын
I've lived here for nine years and I love it. I came from Singapore and it's no less safe here. Quality of life and purchasing power are slightly lower than when I arrived, but still leagues ahead of most of Europe. And it still looks like Europe, unlike some places.
@raphaelolivier96063 ай бұрын
I've lived in France, Spain, US, Thailand, China, Singapore, South Korea and Poland. Warsaw was the best city where I have ever lived, by far. Poland is amazing.
@niemamnicku13593 ай бұрын
@DeusExMachina50 They make good sausage and beer.
@raphaelolivier96063 ай бұрын
@@DeusExMachina50 a combination of many factors, long to explain but basically: super safe, friendly people, very well developped, good english spoken, good location for travel, great quality apartments, great food scene, convenient daily life... most people who travel there are shocked to realize how awesome this country has become.
@Hongsebaoshi3 ай бұрын
Ohh I'd like to hear how it was in China and Thailand
@Hfgh5643 ай бұрын
@@raphaelolivier9606 man, I agree 💯. I've been to 30-40 countries, and every time I come back to Warsaw, it feels I come back to civilization 🙂
@sweatnosweat3 ай бұрын
where are you from originally?
@Miroslaw-rs8ip2 ай бұрын
I was born in Poland but grew up in Canada, now I’m considering going back and getting my citizenship.
@nomadcapitalist2 ай бұрын
You may already have it.
@Chris-uo1zk2 ай бұрын
Please stay in Canada, Poland doesn’t need canadians to spread their communist ideologies in Poland.
@1565kat2 ай бұрын
I moved to Poland from Canada 3 years ago and it's the best decision I've ever made! (Born in Poland, in Canada since small child). Do it! You won't regret it!! And you are already a citizen! :) Welcome to the good life!
@miroslawfilipowicz38272 ай бұрын
If you don't have a valid polish document you have to start from scratch. I is going to take you about two years ,unfortunately. Good luck!
@pawemaojo12292 ай бұрын
Come back, man. I'm Polish born and bred, pretty young, and I can see my life improving year by year. I can only imagine how much progress we'd make if all the skilled and internationally experienced and worldly Poles resettled here. We'd be unstoppable. And if you speak Polish or your parents were Polish, this is your home after all. It's not perfect but it's getting there. I'm a very "cosmopolitan" and travelled person and I thrive in multiethnic and international environments, and would probably describe myself as center to left on the political spectrum, but I have to admit that the fact our country is a bit conservative is saving us from many of the mistakes that our Western allies have been victim to in the recent years. It's just the conservative wave here is a counterweight to more radical policy changes. I don't like the conservatives here but without them there would be no balance if you ask me and we'd go the way of Spain or France - total political and social mayhem. I like the fact that policy here changes slowly, so it doesn't destabilize our country that much, but the economy is moving really quickly. And the society will eventually move to more progressive ideas, just at its own safe pace.
@MichelePonte3 ай бұрын
I love Poland, most people still have values!
@karo20902 ай бұрын
Unfortunately, this is all coming to an end and the new government will be importing africans and muslims who will turn Poland into a shithole.
@tonylouis7082 ай бұрын
Sadly it's slowly going woke just like the rest of the now degenerate west atleast in it's big cities!
@Rudelherz2 ай бұрын
Exactly. Unlike most others unfortunately by now. I love Poland, greetings and respect ❤
@1vaultdweller2 ай бұрын
By "values" you mean "conservative backwards ideology" full of sexism, racism and religious bigotry ?
@soundscape262 ай бұрын
What values does Poland have that others don't, uh?
@BartoszJokerS2 ай бұрын
As a Polish person, tax heaven is the last thing I'd call my coutry. I think corporate tax rates are chill. Until you come into understanding of so call ''social taxes'', the heritage of the communist era social systems. Not only as an enterpreneur you have obligation of paying health, retirement, and 5 other taxes I can't name. The full entitlement work contract for a worker that makes 5000 euro gross, nets 3000 euros, I'd say a factual tax on that nears 40%. That's not a definition of a tax heaven in my understanding. That being said, Poland has many advantages for when it comes to high economic development rate.
@trollfake95782 ай бұрын
In other EU states taxes are much higher.
@jakubkosz10092 ай бұрын
But the tax system is less complicated
@johnnyrockets102 ай бұрын
40% including social contributions sounds amazing dude. Way less than most of western Europe
@Adriano709112 ай бұрын
Idź do doradcy podatkowego
@maxalbon95572 ай бұрын
% wciąż mamy niskie podatki (porównaj do takiej Szwecji np.) ale są one bardzo skomplikowane i jest bardzo duża biurokracja.
@voi21003 ай бұрын
You didn't mention that: 1. You can cash out crypto to USDC without tax (19% tax applies only when you cash out crypto to fiat money). It's like in France. 2. Poland has introduced a new vehicle named "fundacja rodzinna" which allows you to invest in securities (shares, bonds) and real estate without tax if you don't withdraw money from the vehicle (when you withdraw it's 15% tax only). There is no dividend or interest tax under this vehicle. It doesn't cost much to maintain this vehicle (1-3k euro per year). 3. Most of the young people speak fluent English in Poland. 4. There are 5 times fewer crimes in Poland than in Western European Countries.
@yts41063 ай бұрын
But if you first sell btc or eth , isn't that in itself a taxable event?
@voi21003 ай бұрын
@@yts4106 if you sell btc or eth to usdc then no tax.
@peteinthepocket92082 ай бұрын
If you are taxed under this scheme (+/- $75k/yr) does the 19% tax rate still apply?
@pinetworkminer83772 ай бұрын
Why did you use the term "cash out crypto" for converting, for example, BTC or ETH to USDC? Isn't USDC a stablecoin, which is also a crypto? I'm confused.
@albertcieplinski18702 ай бұрын
And the 5% income tax for professionals selling rights to Intellectual Properties. So basically most people in IT among other roles.
@alwayslearning76723 ай бұрын
Poland has a bigger GDP per capita than Greece Portugal and soon Spain.
@simplysonya683 ай бұрын
I absolutely love: and am proud to call Poland home 🇵🇱❤️
@zino80682 ай бұрын
How's it for an African woman?
@simplysonya682 ай бұрын
@@zino8068 I’m not African , I’m a Black American. I will say that have not had any major issues. Poland is welcoming to all who assimilate and embrace their morals and values. I chose to move to Poland because I believe in the core morals and values that the country still holds. There are quite a few Africans /African women in Poland and it seems like they’re doing well. 🙋🏽♀️❤️🇵🇱
@IamSovereignАй бұрын
@@simplysonya68 Did you find it very challenging to learn Polish language? Could you please explain why love Poland more that USA?
@bartz4439Ай бұрын
i hope you will stand in front line defending your "home" from Russians in next few years.
@simplysonya68Ай бұрын
@@IamSovereign Hello 🙋🏽♀️ Polish is somewhat difficult to learn however, the more you immerse yourself in the language and the culture it becomes easier! There’s several reasons why I love Poland over the United States. 1 being Poland is more conservative! 2 It is safer! 3 the food is more wholesome! 4 there is a better worklife balance! 5 I think the government cares a lot more for their citizens than the government in the USA! most importantly, Poland is my happy place❤️🇵🇱
@BBStyles7773 ай бұрын
What a great option! Hopefully Poland will stay on this positive path. They have been through a lot over the centuries.
@PacmanBrunner3 ай бұрын
Im Black from USA Im tryna go out somewhere on the come up where my money will buy me more. Im not tryna work more than 15 hours max per week
@abcki-bk8me3 ай бұрын
America is not sending their best...
@BBStyles7772 ай бұрын
@@PacmanBrunner try working 70 hrs per week, the way I had to work. Then, maybe you will get ahead.
@PacmanBrunner2 ай бұрын
@@BBStyles777 Lls fuak no.My ancestors built this country we still aint got paid yet.
@BBStyles777Ай бұрын
@@PacmanBrunner hahaha. It was not only your ancestors. It was a lot of different people from different persecuted backgrounds. A ot of people got screwed in a lot of different empires. It is how you make lemonade out of lemons, not how you get revenge. If you want a free ride go to Cuba or any other Social/Comm country. Or, just be content with being alive and having basic necessities. Americans are terribly spoiled, it is no wonder it is disintegrating. If you have love, a community, food, shelter, and safety you are better off than 95% of the world.
@omarmiz2 ай бұрын
I’m currently in Copenhagen Denmark but after visiting Poland I’d much much prefer to be living in Warsaw or any city in Poland. Real people, and a sense of freedom there.
@IamSovereignАй бұрын
Could you please explain what did you like about Poland so much that you'd rather leave Denmark for Poland?
@CryptoC4T2 ай бұрын
Also compared to western EU Poland is very, very safe.
@anthonymoney64712 ай бұрын
Just got married in Poland to a Polish Wife, I am intending to move within the next year to Poznan, I have visited once a month for the past 9 years and have noticed the cost of living has increased markedly especially property, its still cheaper than the UK but the gap has definitely closed. I don't underestimate the difficulty of learning the language, however most major cities English is widely spoken.
@user-pt2sh1fh8q2 ай бұрын
poznan is a hidden gem, imo most livable city in poland apart from sopot.
@jakubkosz10092 ай бұрын
In Poland you can survive with English but living without Polish language is impossible (being alienated, ect.)
@larrymcardleАй бұрын
@@user-pt2sh1fh8q Krakow
@ShomoGoldburgler3 ай бұрын
Homogenous countires seem to be the most prosperous and safe. Who would have thought 🤔
@alwayslearning76723 ай бұрын
Yeah, we need to get back to that.
@nadie80933 ай бұрын
Switzerland, Monaco, Singapore?? Not very homogenous
@ShomoGoldburgler3 ай бұрын
@@nadie8093 Switzerland is very close to it, as well as Monaco. Europeans living with other Europeans, that works! Singapore works due to it's totalitarian state 👍🏻 it forces b@rb@r1@ns to live together.
@ShomoGoldburgler3 ай бұрын
@@nadie8093 YT won't let me tell you what doesn't work, think Europe full of the 3rd world, plebs who couldn't even built up their own countries.
@nadie80932 ай бұрын
@Glazenbol-uo2ni 30% of Switzerland is immigrant. An even larger number has migration background. Most migrants dont come from Western Europe, but rather Central Europe. Besides, its native population is strongly divided between German, French, and Italian Swiss (many immigrants are slavs). They practice different religions throughout the nation, peak different languages and have radically different views on everything between cantons.
@Hunters32122 ай бұрын
Hello. I fully agree with this video. I am legal and tax advisor from Accace Poland.
@nomadcapitalist2 ай бұрын
Thanks for sharing!
@plumbbob5277Ай бұрын
My grandmother and grandfather were born in Poland and came to USA. I would love to see if I am eligible to have polish citizenship.
@silverfox41233 ай бұрын
You may ‘save’ tax money in Switzerland but the cost of living is high and home ownership is low due to home prices. My grandfather was Swiss and it is a beautiful country. Another positive, it has a ton of mountain WW2 bunkers if s**t hits the fan and can effectively shut the country off. Unfortunately, I do not believe I can get a Swiss passport as my mother never pursued hers and the process is complicated. I really need to work on potentially getting an Italian passport through my Great Grandfather on my father’s side.
@Xxxbadassxxx3 ай бұрын
Definitely try to get the swiss passport, it is pure gold with no cost for you
@sprezzatura87552 ай бұрын
I think with your time passport you can live in Switzerland. I know it's expensive but there are so many positives. You are much more connected to Greater Europe while still being in a protective bubble.
@albertcieplinski18702 ай бұрын
Dude, you nailed the pronunciation of my hometown, Wrocław. That's rare. Now, just Złoty. It's pronounced with an 'o' like in 'born,' not the 'ah' sound you were using. Anyway, it's good to see you're still posting -- it's been a while. By the way, I used to watch your videos a few years ago when I was thinking of moving my tax residency elsewhere. But then the government here introduced a 5% income tax for folks selling the rights to their IP, which I do, and voila, they gave me the tax rate I was looking for without having to move 🎉
@nomadcapitalist2 ай бұрын
Thanks for the kind words.
@GottaBeThere27363 ай бұрын
I so enjoy your videos and information. The presenting of options, the possibilities 'out there' makes for What's Next strategy-talking for my family, and this is huge. Blessings to you and to yours, sir.
@justjacqueline20043 ай бұрын
So many wealthy people are leaving the UK either for the Islands or totally to tax havens .One of my oldest bosses moved to Monaco ,which he hates,but will put up with for his childrens' sake.
@tpynegar013 ай бұрын
@@DeusExMachina50 The Isle of Man but if you are willing to provide a lot more paperwork and deal with a two tier property market then Jersey or Guernsey.
@Vierett2 ай бұрын
There's also Sark.
@brianhenry79832 ай бұрын
I've seen pictures of monoca, I don't see the allure. It looked basic with ugly buildings and super compact and crowded.
@mgammeren2 ай бұрын
@@brianhenry7983 Monaco is compact. That's the allure of it, walk everywhere and very few tax to none. It's very wealthy and yes high prices for housing. But once weather all year round and some amazing infrastructure.
@TIG2MAN03 ай бұрын
Ive been to poland. I loved it. I would live there.
@Coachchuateckguan2 ай бұрын
i just came back from warsaw for a week on a euro trip and i liked it the most out of Berlin, Prague, Stuttgart.
@gentlemanjim4802 ай бұрын
Warsaw is cool, but most certainly does not come close to Prague.
@frankpoole13 ай бұрын
Poland is tax heaven for small businesses. LLCs pay 9% of CIT if their revenue is less than 2 million Euro. What's more, as a manager/CEO you may choose to be employed with Management Contract and not with standard Emplyment, and then you only pay 9% health insurance and no other social securities (retirement). Free from PIT is first 45k PLN. Then up to 120k you pay 12%, above that 32% Further more if you are a creative or programmer, you can be paid on Opus Contract (sorry can't find good translation) meaning that you are to provide specific piece of "art" like text, sculpture or a computer program, if you give away authorship rights then you can count 50% of contract amount as a "production cost" making PIT effectively 6%. From such contract there is no required health insurance! Now if you put that together, as a programmer you establish LLC, pay yourself as Opus Contract and your total taxes and socials can be as little as 6% of income😅
@bezyk.digital3 ай бұрын
what about vat?
@CherifRahal2 ай бұрын
Like a freelancer ?
@roddcollege2 ай бұрын
That's great! Thanks for the info, it's similar to Colombia's simple tax regime
@ahbe92322 ай бұрын
but u still get the crappy EU policies
@bilalabderrahmane71642 ай бұрын
U can also serve and invoice all EU clients without bother
@TotVivasFelix2 ай бұрын
Working with Polish taxes every day, I can say this: Poland is strict in terms of tax solutions, but only if you don't know the system. The most important aspects are the 0% VAT on products sold on a B2B basis within the EU and the absence of VAT when selling services on a B2B basis not only to the EU but to any other country as well. For annual revenues up to 2 million euros, a company pays only a 9% tax on its income. With proper optimization, this means that you can end up paying only 9% corporate income tax without paying personal income tax. There is actually no limit on the number of companies one can own. Of course, there are regulations on related entities and transfer pricing reporting, but only if the companies share revenues with each other. If not, you can scale indefinitely-I know entrepreneurs who own dozen of limited liability companies. As a result, they only pay 9% on income despite their companies' total revenues amounting to even 24 million euros annually.
@GeoEmertech3 ай бұрын
When you look at Poland take also a look at Romania and Bulgaria. They dont have the lump sum deal but you have very low taxes, below 10%, they are also conservative and have increased their living standards especially in the big cities.
@japanluv2 ай бұрын
@@delaslightIt’s very low. All the bad guys are in the West doing their thing😂 Where are you from? I lived abroad for the past 22 years, last 16 in the UK, I got family members in various countries and Continents and I’m about to live solely on things that I can do with a laptop and a wi fi connection, by next year I hope I can kind of move back home to Romania but also live in few other countries where I have family. We tend to welcome foreigners and be friendly to them and awesome hosts. As any other place, give yourself at least 3 months to get a feel of a certain place or country.
@wavemastery17862 ай бұрын
@@japanluv Hi, I agree. I visited Bucharest for the first time last autumn. Loved it, will be happy to spend more time in the country. I was floored by super quality but sadly empty huge art museums in the capital. In my opinion Romanian painters are seriously underrated, if at all known in the west. ❤❤
@japanluv2 ай бұрын
@@wavemastery1786 Yes, we don’t appreciate enough our own artists. Glad you had a good time.
@waldek322 ай бұрын
Greetings from Poland. I have left UK long time ago....but don't forget about war possibility
@Rudelherz2 ай бұрын
How is the situation now? Can you tell anything about the possibility Poland going to war? We love Poland and would want to live there long term. Unfortunately these times are crazy for any place to be. 😢
@AlexK-wo3xi2 ай бұрын
@@Rudelherz it's safe don't read too much mainstream media
@anthonycubadugosz1092 ай бұрын
war possibility? bro…
@Adriano709112 ай бұрын
Put away the drugs. There's no way possibility
@Adriano709112 ай бұрын
War
@MegaPierzak2 ай бұрын
Everyone that wants to live normal live, work, rise children, have a good time, make some friends is always welcome in Poland. I know that we, the Polish, usually only see the cons of our country, but maybe this is our way to continuous improvement.
@tjandthebear3 ай бұрын
Visiting Warsaw now and as many or more Polish speak English than elsewhere in EU. Modern, affordable, lots of things happening.
@JoATTech3 ай бұрын
Other than that Poland is tax HELL - for poor people :D VAT at 23%. As 1 person company I pay ~38% taxes even though I optimise my taxes to the max (even my accountant is surprised what trick I pull from my sleeve). Sure if you are rich enough you can pay 0%, but you have to be able to afford Estonian shell company and good layers :D.
@saintstyle3 ай бұрын
Exactly! Anyone interested in Poland should just read about their tax rates especially personal income tax. This video is ridiculous.
@JoATTech3 ай бұрын
@@Johnnie-d9b I'm actually Pole suffering for insane tax rates here in Poland. Also being 1 person company I pay for social security insane amount (for Polish standards) getting nothing in return.
@JoATTech3 ай бұрын
@@saintstyle For someone bringing 100m EUR/USD business here this might make sense, but I guess they do not care about such tax savings anyway. Usually corpos pay 0 tax here. Only tax they pay is the tax for their employees. Other than that with creative accounting billion euro companies pay less corporate tax than I (being 1 person small business) pay ... really.
@JoATTech3 ай бұрын
@@Johnnie-d9b Of course you can maneuver a bit around the VAT, but it depends which tax scheme you have. Actually VAT is the highest tax I pay here, although I rarely spend money on stuff which is not related to my business. But generally 23% VAT is brutal as you said. Plus is that prices in Poland are probably 1/4- half of the prices in US, unless we are talking about tech stuff (like Mac, phones, cameras), then it's 30% more expensive than in states, and we earn 1/4th of the states wage ... brutal.
@saintstyle3 ай бұрын
@@JoATTech they still have to pay the income tax which is very high.
@Radcode2 ай бұрын
Even better, Polish LLC can pay only 5% Corporate tax if you are selling IP. You personally can establish a Family trust and then pay 0% tax as long as the profits are reinvested. There is 15% tax on distributing money out of the trust
@uandme412 ай бұрын
We need to talk about the weather… summers are amazing, but apart from those 2-3 months in a year it’s pure misery…
@nomadcapitalist2 ай бұрын
There are more warm tax-friendly countries than cold ones.
@Abe_062 ай бұрын
Global Warming is making it miserable to live in warm climates
@andrzejzelazniewicz84342 ай бұрын
Affordable real estate is the best thing in Poland.
@Alien27998 күн бұрын
What is the average house price?
@caustinolino36873 ай бұрын
The biggest problem with Poland is the Polish language. Not exactly easy to pick up.
@def64203 ай бұрын
You can get around with English just fine.
@medialistener3 ай бұрын
Polish language hard to pick up? ;) compared to what? Hungarian? Finish Language? German grammar? French spelling? :)
@caustinolino36873 ай бұрын
@@medialistener Compared to any romance language or English.
@niningsetia42133 ай бұрын
@@def6420😢😢
@niemamnicku13593 ай бұрын
@caustinolino3687 You don't need it in bigger, leftist cities.
@robertkreamer75223 ай бұрын
I had a business there 15 years ago , it’s growing like crazy but still very affordable. They love Americans and anyone in their 30 s or younger all speak English very well. Many in their 40 s and 50 s speak it reasonable well . Food is clean and excellent very little junk food the women are stunning , and traditional. Very active cultural life as well . They have a relatively underdeveloped Baltic Sea coast line so huge marine based businesses opportunity. Super advanced industrial and high tech companies. Strong banks and well run currency. . 😊
@primavent12 ай бұрын
Poland is a nice country. You really know you live in Poland when you look around. You’re surrounded by real Polish people, talking Polish. So special!🎉
@eranbenavraham3 ай бұрын
Poland has more and more south Asians and Africans coming in. I've been to Poland 5 times over 25 years and I can see the change. The same is happening to Serbia, more and more Muslims are moving there.
@s._35602 ай бұрын
They need to shift their huge overpopulation there due to lack of resources at home.
@raulrecio922 ай бұрын
Poland is awesome I lived there for 9 years and I’m currently considering moving back. This said, you’ll never learn the language unless you’re from another Slavic country. I promise
@ksieznamusic2 ай бұрын
I worked with Arabic person who learned Polish quite easily. He was just learning few words every day and practised that's it and his Polish is pretty good. I think If You say yourself its very hard you'll find excuse to drop it but If Youre approach is I can do that You'll find a way. Maybe proffesional teacher!
@jakubkosz10092 ай бұрын
Exactly. If you want to learn a language, you will do it without any excuses. There are Arab, African or Asian people who can speak Polish but other indo-european speaking people consider they are not able to
@makeyourlifeeasier57943 ай бұрын
I can buy an awful lot of Kielbasa for $75,000 a year...
@MichelePonte3 ай бұрын
😂
@juliuszkocinski7478Ай бұрын
I never thought I'd see Poland in a context of low taxes
@IvanGrowth3 ай бұрын
This is very timely, Andrew. Why, you are quite "speedy" with this video.
@MexicoRealEstatewithParrish2 ай бұрын
Greetings from the simpler life in paradise 🏖️🇲🇽
@quinntheeskimooutdoors62343 ай бұрын
Thanks for sharing 😊
@dombaker19242 ай бұрын
Thank you for posting this. As you are no doubt aware the UK have recently elected a Labour government so the country will rapidly be taking a turn for the worse.
@yankeedrifter813 ай бұрын
I'd like to hear more about Bosnia
@patpongmichikoАй бұрын
I grew up in Chicago, the world's largest Polish city. The Polish people are wonderful, kind, hardworking.
@chrislorentz2911Ай бұрын
Hahaha "the world's largest Polish city" made my day. Especially that it is simply not true. They might have Polish ancestry but they do not even speak proper lingo, at least those who were born there. Not to mention having any tangible idea about Polish history, traditions and culture.
@byfmp3 ай бұрын
As polish citizen I can add that to register LTD company you need 5000PLN what is about 1200 euro more less. As a sole trader you can pay 5,5% if its construction like brick laying, roofing etc, internal works in construction 8,5% tax... Sole traders need to pay social security and it's not like in other countries. If you earn nothing during the month you still need to pay around 700euros (have of it if you just beginnig your sole trade) If you earn more than 300000pln during the year you need to pay hidden tax around 6000pln it's called health insurance but it's just a hidden tax :) BTW because of you my head opened so maybe I will figure out another passport
@Morcin002 ай бұрын
Registration of sole trader company is for free. 500 eur is the cost of social insurance (pension). About 50-100 eur accountant, you can do the formal things by yourself also. Taxes with this type of company are ridiculously low. You can be a sole trader and work for company on similar rules like a former employee, but with much lower taxes
@tstcikhthys21 күн бұрын
Nice. Though it's not a flat _rate_ tax, as there's no rate at all; it's just a flat tax.
@effectosis7422 ай бұрын
Me : looking for a lower PIT than 12% the video : my country is a tax heaven
@Morcin002 ай бұрын
Spróbuj niemcy 😂 Ci to mają dopiero przejebane
@trueoperabuff3 ай бұрын
From what I know, there is no property tax in Poland either. So if you want to buy a house, you will not pay taxes on it. Property taxes can be very high in Europe.
@JA-he2qz3 ай бұрын
yes there is, just not the same idiotic amount as in the west
@ggaby893 ай бұрын
Foreigner can’t buy house with land in Poland without permission. Only flat
@wavemastery17862 ай бұрын
@@ggaby89oh no!!
@fiszu40752 ай бұрын
There is a tax but it is super small. I pay 40 euro a year so saying there is no tax is preatty much correct
@AquariumRuss3 ай бұрын
Andrew, the hangover period is not the best time to come up with a new theme for the video.🤣
@pablossloАй бұрын
19% on interest, dividends and stocks is great ! its been like this for ages - its a stable policy - no need to "try hard" - its just there
@amarug3 ай бұрын
Poland has made crazy strides and has become really modern and successful. But it's still difficult as a foreigner. The language is bonkers difficult, the people often seem rude, which in many cases are probably just artifacts of cultural and linguistic barriers, so it can feel like a cold distant place for outsiders.
@NeinName2 ай бұрын
How people are rude? Where are you from?
@ThomasJ.StonewallJackson2 ай бұрын
In Poland there is no such a thing like the "smiling culture" in, for example, USA. Typical "Polish face" is 😐 or even 🙁, American- 😁 or at least 😀. And it doesn't mean that someone is rude or sad. This is the zero level, from which You go up or down. Exactly the same thing is about having a conversation. Typical small talk and being nice in American style of speaking, would sound weird in Poland, and specially, in Polish language. Like you'd trying talk to a 5 years old child. Greetings from Poland
@jakubkosz10092 ай бұрын
If you move the country you need to adapt
@MikeByberg2 ай бұрын
The Communists destroyed old Polish and other slavic cultures. Excessive smiling or display of emotions was met with suspicion under Communism.
@amarug2 ай бұрын
@@NeinName I am Swiss and I don't think they are rude, but if you come from another culture, you might think they are because they tend to look a bit grumpy and say things quite directly without filter lol. We here smile, say things rather indirectly, make compliments and behind your back, we might think "f*ck off"... not saying that's better at all. Just cultures are different and need to adapt to eachother.
@Rainy_Day122343 ай бұрын
Poland has recently given in to EU and NATO demands; immigration, taxation, etc are subject to radical change.
@the_aj_system3 ай бұрын
That's unfortunate, could you please elaborate? Thinking of buying property there and maybe moving over there.
@KG-ii2yx3 ай бұрын
@@the_aj_system bascially under their leader tusk they will probably end up no better than germany in a years time, do research before u put ur money anywhere
@juliuszkocinski7478Ай бұрын
It's so, so overblown by media here. Immigration is very high due to Russo-Ukrainian war, yes, but both main parties support only legal (real) immigration. And as for NATO - Poland outreach 2% of military spending since I remember which is no wonder considering the geopolitical location
@cpcreit3 ай бұрын
given Ukraine's War trajectory, not so sure about this one....and the weather, not so sure again....
@ksieznamusic2 ай бұрын
What about the weather? 😂 We have lovely spring and summer. Autumn is colourful and still pretty warm and stable and nowadays during the winter sometimes theres no snow! And not mamy temeratures on -. Its -5 rarely -10.
@cpcreit2 ай бұрын
@@ksieznamusic no offense, I am accustomed to 50-80 degrees F....any place that drops below 30 F regularly (90 days or more per yr) or rises above 90 F regularly (90 days or more per yr) isn't something I would consider good weather to live...
@quadro13372 ай бұрын
@@cpcreit full year cycle is the way, four seasons over high temperatures and awful humidity, and don't forget about rainy seasons in such hot places. 50-80°F average temp is really high, no country in EU has that weather. South of Turkey got like 66°F average and my brain would melt after living there for a year. Living is a big word, you walk out after the sun goes down, like in Spain nowadays.
@cpcreit2 ай бұрын
@@quadro1337 you must live like a Viking, 50-80 F is high, WTF??? San Francisco is so attractive for so many yrs until the past 15 yrs of rapid decline has much to do w/ its weather, crisp dry cool weather throughout the year, even when it gets up to 80 F, it only stays there 2-3 hrs, then back to 72 to 68 in the evening....
@quadro13372 ай бұрын
@@cpcreit I was saying about annual average temperature, there are no countries in Europe that got such a nice weather all year.
@nhk93342 ай бұрын
That means you pay $6250 per month on taxes. This fix tax approach is not for us lean FIRE folks 😄
@thefxautopilotАй бұрын
Last time I checked, a foreigner is not allowed to own Freehold Real Estate in Poland. Has that changed? I think you might be OK with a leasehold apartment but basically you can'y buy a house. Maybe you can buy through setting up a Polish Company?
@sid85742 ай бұрын
Problem is it’s property rights are weaker than Malaysia
@abcki-bk8me3 ай бұрын
Make Poland Great Again!!!
@Rudelherz2 ай бұрын
❤ it already is
@jackcoleman72623 ай бұрын
opinions on balkans and central asia, future predictions?
@aresus1422 ай бұрын
Balkans could potentionaly prosper in EU. Central Asia? Kazachstan will be most likely invaded by Russia after their colossal loss in Ukraine, rest of them will be either invaded too or will be more or less same as now, shit hole every developed country uses as big mineral and oil mine, Tajikistan and Turkmenistan are straight up controlled by North Korean style dictator and more or less ISIS like people.
@hungo77203 ай бұрын
Polish expats are returning to Poland in droves given its auspicious economic prospects. However, acquiring Polish citizenship or residency is an arduous journey which requires pesky and doozy red tape.
@mep5933 ай бұрын
Yeah that’s what I heard
@niemamnicku13593 ай бұрын
@hungo7720 You get residency quickly and automatically. You don't need citizenshit.
@MichelePonte3 ай бұрын
My mother is Polish, it took me like 1 year and 6 months
@showmytime91773 ай бұрын
great, now only if I have a billion dollars in savings/investments so I can go to Poland.
@mattanderson66722 ай бұрын
Thanks Andrew
@RoissyAngel3 ай бұрын
I watched a video of an Englishman who moved to Poland to work as a fire fighter. He said that when he was learning Polish he was told it was the second most difficult language to learn after the Chinese languages.
@Progen773 ай бұрын
Hungarian is worse...
@bartekadamczyk98432 ай бұрын
It is
@transitusfurmanus6782 ай бұрын
Kevin Aiston?
@InteloPL2 ай бұрын
... TAX HEAVEN?! Residents wouldn't agree. It's great for big business
@samuelzev40763 ай бұрын
Poland has always been an underestimated underdog in the EU but things are changing and their GDP will soon takeover germany.
@niemamnicku13593 ай бұрын
@samuelzev4076 Hahaha! USA maybe?
@MichaelPuzio2 ай бұрын
@nomadcapitalist Are you part Polish? of Polish heritage? Your pronunciation was pretty good for a non-Pole.
@Alien27998 күн бұрын
I think that this grandparent was from Latvia or something like that
@Info.guy013 ай бұрын
Big fan sir
@6B8RX3 ай бұрын
And a side-bonus for single guys: Polish women are GORGEOUS!
@Progen773 ай бұрын
I'm Polish, I'll add...arrogant, demanding, golddigging divas. I'll take Asian, Indian or Latin any day.
@rally_chronicles3 ай бұрын
I'm on vacation there right now. Makes me think god I'm born a man
@wavemastery17862 ай бұрын
Agree, my first two loves in my life were women of Polish descent.
@johanvandenbosch32243 ай бұрын
75000 usd......so you have to make over 750.000 usd/year to have any advantage over Bulgaria or Romania (at 10%). Yes, it is an improvement over Italy or Greece but still a bit high to be attractive for many people. I guess we have to wait for the next country with a better deal. Probably below 50.000 usd/year to become interesting (assuming you also get 'free' medical insurance for at least 2 persons) and a country with a better climate, better food and less drunks on the road.
@bonniegettingthrumyday28663 ай бұрын
Doesn’t matter we aren’t moving buying or going anywhere, Homie
@SuperWhiteshadow13 ай бұрын
Keep the border closed, keep it Polish.
@soundscape262 ай бұрын
Not the best advice if you want to attract foreign investment or digital nomads. Poland is part of the Schengen agreement anyway.
@SuperWhiteshadow12 ай бұрын
@@soundscape26 wrong. You could still invest and not give up your countries sovereignty.
@soundscape262 ай бұрын
@@SuperWhiteshadow1 Since when having open borders clashes with being sovereign? All countries in the world except perhaps North Korea, accept immigrants.
@SuperWhiteshadow12 ай бұрын
@@soundscape26 sure, legal immigrants. Not open borders. Lock the borders, good job Poland. You have no idea how open borders cause the lose of sovereignty? Either you are lying, stupid, or have malicious intent.
@jakubkosz10092 ай бұрын
Looking on countries like Sweden or France it's better to be safer and less rich than nonstop in danger and more rich 😉
@JoATTech3 ай бұрын
"Learn how to speak Polish" - good luck with that :D
@rally_chronicles3 ай бұрын
I am here right now. It's amazing
@gacekwilkooki2 ай бұрын
Conservative in Poland are small tawns and villages in the east of the country. Big cities are not at all... But still ther are not as "woke" as some of the cities in the Western Europe.
@wojtekfitowski6363 ай бұрын
Meanwhile polish companies are moving to other EU states because of high taxes
@sakakaka40642 ай бұрын
They're not though
@anthonycubadugosz1092 ай бұрын
jesteś w stanie podać realne dane o tym świadczące? czy klasycznie lecimy na anegdotach?
@juliuszkocinski7478Ай бұрын
They are but NOT to other EU. Usually developing countries to lower the cost of everything
@RasiRobi3 ай бұрын
With the new government there it can change anytime
@fiszu40752 ай бұрын
For the worse as the new prime minister is a german spy
@paulgates40832 ай бұрын
sure, great but its freezing in winter. i’d rather pay tax and be warm
@nomadcapitalist2 ай бұрын
There are more warm tax-friendly countries than cold ones.
@paulgates40832 ай бұрын
@@nomadcapitalist looking at relocating with my family out of the UK, somewhere warm and crypto tax friendly in 2-3 yrs.
@HiddenLord2 ай бұрын
Maybe it's good when you're transferring your company but not for single person (tax immunity etc). At least from my perspective as a native. They are literally taxing everything here now (even childern's sandboxes next to your house) and for some its tax heaven? Minimal wage is rising every year and now almost 30% of working population is earning minimal wage. So the prices are also rising significantly. I remember we've been joking that soon a bread would cost 10PLN. Well, now I am not joking anymore. Electricity bills rising, gas rising, water rising. More taxation of cigarettes and alcohol like every year (the gov is doing all the time - it seems the whole budget is based on those). Of course my salary as an engineer didn't change for 5 years.
@GBXSАй бұрын
What about the the personal exit tax if you leave after staying over 5 years?
@thomashilmersen7112 ай бұрын
I think this is only for corporate taxation, no? So you still have to pay potentially high taxes on dividends received as an individual tax payer.
@gtxchufxvj2 ай бұрын
These Days Tax Freindly Doesn't Seem to Last Any where.
@StajniaHanna2 ай бұрын
I can help with organising LLC in Poland or in any residence challenge :)
@teebone21573 ай бұрын
What kills me?Is people want safe streets cleaning environment law?Enforcement protection , a clean community and all of the above benefits , but don't want to pay taxes to support it
@davitidevidze93763 ай бұрын
I would rather go to Cyprus or Georgia
@sirstukov30693 ай бұрын
what a surprise Mr. "Devidze" :D
@patrick19923 ай бұрын
Both countries are shitholes compared to Poland. But you pay less taxes yes. I also move to Cyprus because of the nondom regime.
@wrobelda3 ай бұрын
I can’t find information on that anywhere in the media :x am I blind or what? And I do speak Polish, for the record.
@rotmistrzjanm8776Ай бұрын
6:50 yes you need to speak polish to aquire citizenship but due to mandatory english learning for whole population you can go by with english only, especially in bigger cities. You just can't obtain citizenship and people will be kinder to you when they see that you at least try (we know how hard our launguage is hard, asking for more than trying is cruel 😅)
@mikolajkopernicki2 ай бұрын
I'm afraid changes are coming
@MuscularMan0083 ай бұрын
Hey andrew can you explain this to me? submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually Does this means that one has to pay 250k dirhams every year despite paying the 2m dirhams upfront for golden visa???
@nomadcapitalist3 ай бұрын
Please speak to our specialists for detailed information on this requirement. You can reach out to them through this link: nomadcapitalist.com/apply/
@ctek93 ай бұрын
Poland is crypto friendly - you can trade bitcoin to ethereum then to some other crypto but only pay taxes when you cash out to Polish zloty, unlike other countries like the UK
@gregnetherlands55483 ай бұрын
My wife is Polish, I am South African, and we live in South Africa. If we go to Poland... do I automatically get a residence permit?
@none_the_less3 ай бұрын
Most EU countries have some sort of family reunion residence program, yes you’ll likely be given a residence permit.
@pecewu2 ай бұрын
Poland and low taxes sounds like oxymoron.
@spitsynmykhaylo3 ай бұрын
75.000 usd for me as owner of the companies or for my polish company?
@stevenobinator22293 ай бұрын
So basically pay 75000 a year to live there? That seems extremely steep
@JRRob3wn3 ай бұрын
I think that’s the price to attain permanent residency. I believe most countries will not tax you at all if you stay there for under 6 months a year.
@stevenobinator22293 ай бұрын
@@JRRob3wn Better to just marry a local women
@medialistener3 ай бұрын
@@stevenobinator2229 marriage will cost you more in the long run..
@stevenobinator22293 ай бұрын
@@medialistener not is your wife isn't a whore
@SonOfMorning2 ай бұрын
Based Poland.
@gugy683 ай бұрын
I don't think I would consider anywhere in Europe right now besides Switzerland. The EU is in a huge downturn and the Ukraine conflict is really creating havoc there. And I am not even mentioning the immigration issues. I'm highly considering Latin America and some places in Asia.
@lolllpppxd59552 ай бұрын
Latin america = one big mess. Lots of counstries bacrupt, high crime rate, bad infrastructure
@tom-u8k6y3 ай бұрын
Unfortunately they are one of the loudest at banging to wars drums with russia so not sure how safe you'll be
@thomasmazur57873 ай бұрын
Poland needs Ukraine to provide a buffer with Russia. Just common sense. It's easier to be friends if you keep distance :)
@don-thomas6043 ай бұрын
yes, you´re right I agree on that, but that´s kind of politics the majority of the polish people doesn´t want to go to war with the russians, I have a lot of polish coworkers and families who live next to me in my place they just want to have their freedom, no war -like most of us- ;)
@Joseph-xt2qg3 ай бұрын
Seriously. I meet a Polish fighter pilot in the US who was training with the Americans and he was severely anti Russian
@niemamnicku13593 ай бұрын
@In-hoc-signo-vinces Sure xD They will attack Poland cause they can't finish up Ukraine. Poland modernise its army. This week arrived to Poland last part of the new abrams from USA.
@jesseking92542 ай бұрын
I have Polish descent, but it's from more than 100 years ago. I've seen different advice on different immigration websites, does anyone have actual experience getting Polish citizenship by descent? And is it possible for multiple generations ago?