Hey there, fellow globe-trotters, tax-savers, and adventurers! Today, in response to a bunch of enquiries this week, we're going to dive into the exciting world of dual residency. Gaining tax residency in Lithuania, and the incredible benefits of holding citizenship in two stunning countries: New Zealand and Lithuania.
Yep, you heard it right! We're talking about unlocking the perks of living the dream life in two corners of the world, while strategically leveraging tax advantages, enjoying the European lifestyle, and tapping into the booming economy of the European Union.
First things first, what's prompted our sudden interest in looking at Gaining Tax Residency in Lithuania to reduce tax, leverage growth and get Visa free travel in Europa? Silly question. Why wouldn't we?!
Plus.. to be honest...
We're a little unnerved by the fact that the EU is changing its entire Visa and entry system after the Paris Olympics. In a new system, similar to the US, Kiwis and Aussies will join a host of other countries that will need to apply, and pay in advance per visitor, to get an EU visitor visa. No more automatic, no cost, present your passport at the gate EU entry, just a new tax, ongoing biometric scanning and a massive pain in the backside.
So, buckle up, because thanks to our new Baltic Capital Partners, we're about to embark on an exhilarating ride filled with opportunities and excitement!
Discovering a Tax Wonderland: Lithuanian Residency
Picture this: You're a proud Kiwi or Aussie, basking in the beauty of a great homeland, but also craving the thrill of exploring the cobblestone streets of Europe. Now, imagine if you could have the best of both worlds while keeping more of your hard-earned money in your pocket. Well, my friend, that's where Lithuanian dual residency swoops in to save the day!
Lithuania, nestled in the heart of the Baltics, might not be the first place that comes to mind when you think of tax havens, but it's a hidden gem for savvy individuals seeking to optimize their financial situation. As a Lithuanian tax resident, you'll benefit from:
1. Competitive Tax Rates: Lithuania offers a flat tax rate of 20% on personal income, making it incredibly attractive for anyone looking to minimise their tax burden.
2. Tax Treaties: With its extensive network of double taxation agreements, Lithuania ensures that you won't be hit with hefty tax bills on your global income, providing peace of mind as you navigate your international affairs. Make money on your NZ or Aussie investment, pay yourself that income in Lithuania, and pay no more than 20% flat tax (with a range of deductions available to reduce that even further).
3. Tax Efficient Business Environment: Whether you're a digital nomad, a startup entrepreneur, or a seasoned investor, Lithuania's business-friendly policies, low corporate tax rate of 15%, (and as low as 5% with certain conditions) and supportive ecosystem, make it not only a hotspot for innovation and growth, but a great place to base a holding company, which could for example own property back in Auckland or Sydney.
By strategically establishing residency in Lithuania while maintaining your citizenship in New Zealand or Australia, you can unlock a world of tax advantages, allowing you to keep more of your wealth for the adventures and experiences you love.
Embracing the European Lifestyle: Unlimited Time in the EU
Now, let's talk about the perks of having a foot in the door of the European Union. As a dual resident of Lithuania and New Zealand, you'll have the golden ticket to spend unlimited time soaking up the rich culture, history, and diversity that Europe has to offer. From savoring delectable pastries in Paris to skiing down the pristine slopes of the Alps, the possibilities are endless!
But it's not just about leisurely pursuits; it's also about seizing opportunities for personal and professional growth. With your EU residency, you gain access to:
1. Education and Healthcare: As an EU resident, enjoy world-class education and healthcare systems, ensuring that you and your loved ones receive top-notch services wherever you go, whenever you're in Europe, without the added cost of healthcare insurance or private education.
2. Freedom of Movement: Say goodbye to visa hassles and bureaucratic red tape! With your EU residency, you have the freedom to travel, live, and work across 27 member states, opening doors to new career prospects and cultural experiences.
3. Cultural Enrichment: Immerse yourself in the vibrant tapestry of European culture, from attending music festivals in Budapest to exploring ancient ruins in Rome. With your dual residency, you can fully embrace the diversity and beauty of the European continent.
You can get more depths on the joys of living in Europe for part, or all of the year in great post titled Endless Summers: A Modern Guide to Global Living and Adventure.
Tapping into the Powerhouse Economy of the EU
Last but certainly not least, let's talk business! As a dual resident of Lithuania and New Zealand, you're strategically positioned to harness the economic prowess of the European Union. As you'll see in this other great post title "Europe’s Massive Economy: A Driving Force in Global Markets" by Baltic Capital Partners with a combined GDP exceeding $15 trillion, the EU offers a vast market brimming with opportunities for innovation, investment, and expansion.
Here's how your dual residency can supercharge your entrepreneurial journey:
1. Access to EU Markets: Leverage your EU residency to establish and grow your business within the world's largest single market, comprising over 450 million consumers. Whether you're selling goods or services, the EU offers unparalleled access and potential for growth.
2. Funding and Support: Tap into a plethora of funding opportunities, grants, and support programs available to entrepreneurs and startups within the EU ecosystem. From venture capital to incubators and accelerators, you'll find a wealth of resources to fuel your entrepreneurial ambitions.
3. Networking and Collaboration: Connect with like-minded innovators, industry leaders, and potential partners across Europe's vibrant startup hubs. Whether you're attending tech conferences in Berlin or networking events in London, your dual residency opens doors to valuable connections and collaborations.
By combining the entrepreneurial spirit of Australasia, with the dynamic opportunities of the European Union, you can unlock a world of possibilities for lifestyle, business growth, innovation, and success.
In Conclusion
So, there you have it, folks! Dual residency in Lithuania and New Zealand isn't just about enjoying the best of both worlds—it's about seizing opportunities, optimizing your financial situation, and embracing a lifestyle filled with adventure, culture, and growth.
From massive tax advantages and great European adventures to business and investment opportunities... and beyond, the benefits to gaining EU residency as a New Zealand, or Australian citizen are massive!
So, if you've ever dreamed of living a life without borders, where opportunities abound and adventures await, consider exploring the exciting possibilities of dual residency in Lithuania and New Zealand. It's time to embark on the journey of a lifetime and make your dreams a reality!
If you'd like to know more, or find out how to get started you can reply to this, or reach out to the team at Baltic Capital Partners by email on success@balticcapitalpartners.com
Safe travels, savvy adventurers, and here's to living life to the fullest—wherever it may take you! Cheers! 🌍✈️🌟