Best country to live as a gambling affiliate?

[vd752]

What is the best country to live as a gambling affiliate in EU, but not only?
A few points I'm looking for:
1. Legality.
2. Easy to set up and run a company (no paperwork nightmares).
3. Good banking.
4. English schools.
5. Taxes vs cost of living.

Thanks

[Triple7]

I think Malta or Cyprus. Both not as bureaucratic as many Western European countries, they've got a modern gaming law, banking in Malta is good and safe and both countries are having English school and especially Malta has a big international gaming community.

Writing this perhaps also Gibraltar would suit.

But, you can also set up a company offshore, you can open a bank account offshore, etc. There's no need to have everything just at the corner. Especially with if you combine all those 5 points, choices are quite limited.

And why does it has to be EU? If I could, I would go somewhere in South America. I've lived for years there and it's really great.

[dfiocch]

Mmmm... i don't know what's the best but I'm sure on what's the worst: avoid Italy! Not for being an affiliate itself but for taxes... lol

[Triple7]

Mmmm... i don't know what's the best but I'm sure on what's the worst: avoid Italy! Not for being an affiliate itself but for taxes... lol

Not just Italy. I think you should avoid besides Italy all Western European countries (like The Netherlands, Belgium, France, Denmark, Sweden, etc). It are all quite socialist states with a very old population. If you can make your own living and it doesn't matter where you live, than you'd better look somewhere more south or even outside the EU.

If you want English schools, I should go to something like Israel, Gibraltar, Cyprus or Malta.

[RacingJim]

Isle of Man, Channel Islands (Jersey, Guernsey)

[wonderpunter]

I would say Spain apart from number two, it's a nightmare.. but that's why you pay an accountant and lawyer to get things done, South America I have lived there for most part of my adult life, For kids it's not a great place.. even the private schools are on par with public in most EU places and the decent places to live in Latin America are now more expensive than Spain, just with 20x more crime

Expand on my points, Schools in the South plenty of English Schools as in the big cities bi-lingual is always best though, Taxes for new companies are are discounted, or there are other legal routes you could take to reduce cost.

Living Costs 80p €1 euro pints of beer, if you like to socialise in the sun, Houses on the coast you would get a 6 bed with pool for the same price as a 2 bed flat in the UK outside of London.

Banks in the South usually speak English most online have English banking but Spanish can be picked up quickly if your willing to learn.

Like someone Said Gibraltar would be a good option but much more expensive compared to across the waters and with some good accounting it can be beneficial to have a business here if you are looking to settle "buy house etc"

[Moonlight Cat]

May be Philippines?

[Triple7]

If you want to live in an upper class area in Sao Paolo it's much more expensive than Spain, true. Decent places in countries like Chile, Paraguay, Argentina, Colombia and Peru aren't that expensive and not that dangerous. It's not Caracas or Bagdad. Ok, you have to take care when you're going out with expensive stuff, but that's everywhere. Also in Brussels or Rome.

I lived there a couple of years and I really liked it there! It's got an unique atmosphere that you really will not find in countries like UK, Netherlands, Denmark, Sweden, Norway, Germany, Luxembourg, etc. The food, the people, the night life, going to a nice seaside in the weekends, those garden BBQ restaurants with live music, watching local football matches and be part of the mess in the stadium, women that are women and not pseudo-men, etc.... Unique. Many SouthAmericans do get well educations. You could send your kids to a well reputated school.

You'll find a bit of some parts of it in Romania perhaps.

The day I don't need to be in Europe anymore, I'm gone.

[vd752]

Thanks a lot, really need to check visit Gibraltar and Malta. But at the moment Cyprus is more "closer" to me, at last there are direct flights. Gambling is illegal there, but it can be seen as an advantage

Regarding Malta, being in contact with a law firm there, I found that they are very slow and bureaucratic, is it true?

How about places like Bulgaria - Romania - Czech Republic - it's possible to work legally from there?

[Triple7]

In Romania gambling is legal and they have a flat tax of something like 21 - 23 %. Bulgaria has 10%. But, if you don't speak Romanian or Bulgarian, I think it isn't a good option. But the difference between those countries is huge. Bulgaria is Balkan, Romania is little South America in Europe. Romania is great, but if you do speak Romanian. Otherwise you'll be alone on the world there.

3 milioane au emigrat si-au luat valiza si-au plecat
E treaba lor, noi stam aici, la bautura, manele si mici

I think you better decide first for yourself which are "must haves" and which are "nice to haves". Than you can make a cross over a lot of countries already. I don't know from where you are, but if you are from Western Europa, trust me... doing business in Romania is another thing. It's a total different mentality.

[Omeister]

Well I'm British but live in Poland, It was easy to set up my own company and the tax is no worse than in the UK. Downsides are the winters, it's bloody freezing! Plus sides the summers are very hot and the country is beautiful, great beaches mountains lakes etc. Everything is very cheap here so living ere and earning £s is heaven. I live in one of the larger Cities and there are a couple of English speaking schools here, there are no legal issues with this business here and as I look to expand and hire people labor is very cheap with a very large % of younger generations speaking very good English and most of the time another language as well (very handy if you want to move into other markets) I have been here for seven years now and love it. The country is changing all the time, when I first came it was like the wild west but now in the larger cities at least it's no different from living anywhere else in Europe just a lot cheaper than most other places!

[JackTenSuited]

Well I'm British but live in Poland, It was easy to set up my own company and the tax is no worse than in the UK. Downsides are the winters, it's bloody freezing! Plus sides the summers are very hot and the country is beautiful, great beaches mountains lakes etc. Everything is very cheap here so living ere and earning £s is heaven. I live in one of the larger Cities and there are a couple of English speaking schools here, there are no legal issues with this business here and as I look to expand and hire people labor is very cheap with a very large % of younger generations speaking very good English and most of the time another language as well (very handy if you want to move into other markets) I have been here for seven years now and love it. The country is changing all the time, when I first came it was like the wild west but now in the larger cities at least it's no different from living anywhere else in Europe just a lot cheaper than most other places!

Interesting, what are the costs compared to living in Prague (if you know)? I've been in prague for a while (travelling around Europe) but still have my company based in the UK so thinking if setting up somewhere else more permanent.

[RacingJim]

women that are women and not pseudo-men, etc

hehe made me laugh, I think this is very relevant in the UK.

[Triple7]

hehe made me laugh, I think this is very relevant in the UK.

Not just in the UK

[alin04]

vd752, in Romania many of us speak english. And its a beautifull country, sexy women, good schools in english and cheap beer.
The gambling is legal in our country.
https://www.youtube.com/watch?v=5zeIGxVnpzo

[WagerPod]

Isle of Man? lower taxes than the mainland and English? Weather is typically awful.

[Aris1985]

Interesting post, I've been an affiliate now for 3 years and I own and ltd company based in Scotland, I'm always on the lookout for alternatives and would consider moving in the future...ideally somewhere sunny


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[CarmelS]

If you are looking for good weather nearly all year round, and cheap booze...Malta is your place!

Seriously though, not cos I live here, in spite of everything, I dont think I could live anywhere else...life is relaxed, people are friendly, weather is good - beaurocracy might slow things down, but if you know the right ppl and have the right connections even that can be sped up...

[vd752]

Taxes are quite high in Malta - 35%, but they have remittance based taxation. Romania 16% profit +16% dividends = av 30% in taxes, Bulgaria 10% + 10% - under 20%. Gibraltar is good for billionaires - income over £1,000,000 is taxed at 5%

But for good weather and 100% legal climate the choice is limited to Malta or Gibraltar I believe. Weather in Cyprus in summer is it too hot.

How about Tenerife, Las Palmas (Canary, Spain)?

[MMM]

for Cyprus, you should also consider the unstable economics - it can affect your ability to take money out.