Help your friends to opt out of the system and move them to a parallel society.
Why to change your permanent residency?
Permanent residency (unlike your citizenship) in the EU countries binds you with a lot of obligations:
mandatory military service (e.g. in Slovakia)
mandatory health care & social insurance (in the most countries)
tax residency (it should be in the country where you stay more than half year - it is difficult to prove in Shengen area where you are the most of your time)
taxation of all your income
including foreign income
including all your crypto profits!
Where to choose the permanent residence
Prefer the countries with territorial taxation (Costa Rica, Gibraltar, Hong Kong, Macau, Malaysia, Nicaragua, Panama, Paraguay, Singapore...for the complete list see )
Prefer the countries with double treaty agreements with your home country if you want to do business with your home-country customers in order to avoid withholding tax
if you are Czech citizen: Hong Kong, Malaysia, Panama, Singapore
if you are Slovak citizen: Hong Kong, Malaysia, Singapore
Why did I decide for Panama?
I have a lot of good friends in Panama
I know Spanish
Slovakia (as well most countries in the Europe) is on Panamian "friendly list" http://www.panama-offshore-services.com/panama_friendly_nations_visa.htm
It has a nice territorial taxation
It has no central bank
It is quite easy to start a new Panamian company
It is the safest country in Central America
It is a quite developed with a stable good weather
It makes especially sense if you are retired (offering you a lot of discounts :-)
It is a great country for digital nomads
My Panamanian ID (cedula)
My Panamanian driving license
You don't need to return your EU driving license
It is valid in all countries of the world (Panama didn't sign an agreement about international driving licenses)
From the next year, Slovak police may confiscate your Slovak driving license if you have any unpaid taxes (e.g. "dog tax"), but cannot confiscate the non-EU legal document
Why did I decide for Paraguay?
It is also a territorial taxation country (like Panama), they did not sign CRS sagreement and have good extradition law too
Thanks to Mercosur (something like Shengen) using Paraguayan ID you can get to almost all South American countries
It is easier and cheaper to obtain it than in Panama
Because of the pandemic, now the whole immigration process for permanent residency can be done remotely! It is necessary just to pick up your national ID
Three different options to get the Paraguayan residency:
The proof you have 70000 USD somewhere in your bank account
Deposit approx 6000 USD in the Paraguayan national bank
Use your European university degree (even bachelor one is sufficient)
Benefits of having no permanent residency in the EU
You make it harder for your home-country government to be in in touch with you in an effective way (e.g. they have to send all necessary requests, fines, etc. e.g. to your Panamian address -> in Panama there is no central state service, so they need to use an expensive courier :-)
But if you need anything from your government, it's still easy - just use your two Slovak passports...
Changing your permanent residency back to your home EU country is easy and you can do it anytime especially when your family or your company owns a property (just make a new rental agreement with you and ask back for your EU residence)
Other options I was considering
Malaysia (It has a tax double treaty with Slovakia, the maximum limit of taxation in Labuan http://labuantax.com/, but it is not possible to gain the "real" permanent residence there, just multiple entry visas, there is a censorship, strict regime)
Singapore, Dubai, Saudi Arabia (they are 'too strict' and unfree countries for me)
Nicaragua (Not very safe now)
Costa Rica (You need to buy a property, too expensive and full of "gringos" :-)
Choose the suitable country for your company?
The question "Where are your customers?"
If they are out of the EU, it doesn't make sense to have a company in the EU, use any offshore destination....
If they are in the EU, consider Cyprus (the least income tax 12.5%) or Estonia (they have 20% income tax, but you have to pay taxes only if you want to withdraw money from your company - everything can be managed online and remotely)
It doesn't make sense to have any EU company if you have no physical office there and therefore it is impossible to prove where "the work is physically done" (e.g. you provide virtual services to your customers) -> move it to Cyprus or Estonia and avoid stupid bureaucracy
Why should I leave my company from Slovakia / Czech Republic?
High taxes and social & healthcare insurance
Unstable environment for entrepreneurs (often changing every election)
A lot of privacy dangerous laws:
the government wants to have an access to all companies' bank accounts without the court order!
they have a right to enter your company place (without your acceptance) in order to follow "safety rules" (even if you are just one entrepreneur)
Corrupted tax system & courts (but unfortunately only for "privileged ones"), e.g. in Czech Republic the tax office preemptively freezes bank accounts of innocent companies often leading to their bankrupt
Eliminate the center of your interest in your home country
Give up your permanent residency (this is must to do)
Leave your official job in your home country
Divorce (or persuade your partner to change her/his permanent residency too)
Sell all your properties (e.g. to your offshore company that may be anonymous)
Sell all your companies (e.g. to your offshore company)
Become perpetual traveler (ideally if you can prove that you are more than a half year out of your home country)
Become homeless with no obligations and no risk of government's seizure
Close your bank accounts
Remember with the bank account you are always easily tracked and monitored by the government
If it is not possible to close all your bank accounts and live from crypto only, close at least your bank accounts in your home country and switch to global services (e.g. Revolut, N26)
Slovak/Czech governments will want a full access to your bank accounts (without the court order)
Remember there is NO COUNTRY WITH BANK SECRECY anymore, when you expect privacy, use truly anonymous cryptocurrencies only
As the company in the EU you don't need to have a bank account in your home country, use Business Revolut
Switch to crypto, prefer truly anonymous cryptocurrencies
Prefer Monero for your anonymous savings
Use xmr.to (Monerujo) to pay all your expenses in bitcoins
Use lamium.io / simplecoin.eu to pay your fiat invoices
Use Bitcoin debit cards (e.g. Bitwala, WireX, crypto.com)
There are 176 of places just in Prague where you can use crypto
Register all your new companies at cryptoexchanges (e.g. kraken.com, bitstamp.net, simplecoin.eu, ...) and try to exist without bank accounts at all (you can still receive your fiat payments through bitwage.com)
Be aware that all official crypto exchanges have to follow KYC/AML, if you don't like it, try decentralized crypto exchanges (bisq, HodlHodl)
Choose your global healthcare insurance
Your obligatory "European" insurance is usually valid in Europe only
There a lot of global purely private heath care insurance companies (Cigna, Aetna, Premier Health, Allianz, BUPA International health plan, Seven Cornes...)
It is global (except of the US), usually you pay everything in cash, and then you just ask for reimbursement
In case of serious medical injury/operation, you can ask money before
Be global & flexible (in Hungary there are cheapest dentists, in Czech Republic eye surgery, ..)
I used SafetyWing.com, now IMGGlobal and AlpenVerein.at