Premium business relocation jurisdictions

Premium relocation jurisdictions

Table of comparison of Healy Consultants’ preferred premium relocation jurisdictions for business owners planning to relocate their businesses to grow their services and improve quality of their personal lives.

Premium relocation jurisdictionsSan MarinoMonacoAndorraSingaporeDubaiMalta
Our ranking in order of preference123456
Summary at a glance
Total year 1 engagement set up costs in €?15,15022,70022,750US$6,980US$20,0009,675
Total year 2 costs (incl. audit and tax) in €?7,2502,6005,400US$5,950US$9,8509,400
How long to secure residence visa for you?3 months4 months5 months2 months3 months4 months
Investment required to secure a visa?€300,000€500,000US$400,000US$50,000EAD 1m€350,000
Corporate tax rate on global income?17%0%10%0%0%0%-5%
Personal tax on global income? (min/max)12%+0%0%0%0%15%
Monthly rent of a 3-bedroom apartment?€500€4,500€470S$3,200EAD7.6k€600
Monthly rent of a 1000 sq foot office?€9,000€30,000€7,000S$12,000US$6,000€10,000
Monthly rental of a Bentley car?>€22,000€62,000N/AS$21,000US$33,600<15,000
Cost of living indexunratedunratedunrated83.770.165.5
Exciting annual events in the city?(click link)(click link)(click link)(click link)(click link)(click link)
How secure a residence visa?
Register a local company?YesYesYesYesYesYes
Place funds in the corporate bank account?YesYesYesYesYesYes
Letter of intent to rent an apartment & officeYesYesYesYesYesYes
Submit a residence visa application to?HereHereHereHereHereHere
Cost to buy a 2000 sq foot house?€500,000€5m€2mS$2mUS$1-1.5m€1m
Investment program to get visas?Simplified residencyCarte de sejourActive ResidencyEntrepassResidence VisaPermanent Residency
Minimum investment for investor program?€300,000€500,000€400,000US$50,000EAD1m€350,000
Types of investment allowed?Bank guaranteeCapitalPublic debt + real estateCapitalReal EstateReal Estate
Can apply for work permit?YesYesYesYesYesYes
Minimum paid-up capital for work permit?€25,500€500,000€400,000US$50,000Sponsor€1,160
Part of Schengen?YesYesNoNoNoYes
Dependent visas for the family allowed?YesYesYesYesYesYes
Expat living costs rating?HighVery highModerateVery highVery highModerate
Residence visas for how many years?2 years1 year1 year2 years1 year1 year
Schengen travel country?YesYesNoNoNoYes
Can bring your own car?YesYesYesYesYesYes
Company incorporation requirements
How long to set the company up?3 months1 month1 month1 week2 months3 months
Minimum number of shareholders?122112
National shareholder required?NoNoNoNoNoNo
Individual shareholders allowed?YesYesYesYesYesYes
Minimum number of directors?111121
Resident director required?NoNoNoYesNoNo
Minimum paid up share capital€25,500€15,000€3,000US$1US$1€1,160
Fast turnkey solution available (click link)?YesYesYesYesYesYes
Public register of shareholders & directors?YesYesNoYesYesYes
Tax and accounting considerations
Corporate tax payable on global income?17%33.3%10%0%0%0-10%
Corporate tax payable on local income?17%0%10%17%0%0-10%
Withholding tax on dividends paid overseas?5%NoneNoneNoneNoneNone
Annual financial statements required?YesYesYesYesYesYes
Independent annual audit required?NoNoNoNoYesNo
Local GST or VAT?17%20%5%7%0%18%
Access to how many double tax treaties?40328766670
Personal tax payable on a local salary?Min 12%0%10%2-22%0%15%
Personal tax payable on overseas income?Min 12%0%10%0%0%15%
EU VAT member?NoYesNoNoNoYes
Corporate bank account considerations
Healy Consultants’ preferred bank?Banca AgricolaSociete GeneraleAndbankOCBCEmirates NBDHSBC Malta
How long to open bank account?4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks
Do I travel to open the bank account?YesYesNoNoYesNo
Minimum bank deposit (USD)?€50,000€50,000€100,000US$500US$50,000€50,000
Multi-currency corporate bank account?NoYesNoYesYesYes
Multi-currency corporate visa debit cards?NoYesNoYesYesYes
Corporate ATM card available?NoNoNoYesNoYes
Bank rating by World Economic Forum?None47None4235
Ease of getting credit by WEF?None17None42316
Euro currency used by this country?YesYesYesNoNoYes
Quality of life
Size of city square miles240.781802781,588122
Population per square mile1,34648,46046519,9101,5004,077
Can own a house there?YesNoYesYesYesYes
Quality schools for kids?YesYesYesYesYesYes
How many restaurants?>40>50>200>500>500>500
How many bars?17>40>40>380>270>150
Casinos?355N/A114
How long to drive to airport?23 km30.5 km27 km28 km14 km19 km
How long to fly to Paris?1h 40m1h 30m0h 38m14 h7h 25m2h 25m
Average cost of a restaurant meal for 2 people?€40€110€30S$60€50€50
Cost of a pint of Guinness?€3€26€2.5S$9€10€2
How many city gardens?3730501310
What time do shops close?8 pm7 pm9 pm10 pm11 pm7:30 pm
How many big shopping centres?51711272>20
Quality of beaches?N/AMediumN/ALowHighHigh
Nearest city?RiminiNicePerpignanJohor BahruSharjahModica
How far to drive for skiing?223 km99 km6 km16 km
(indoor)
14 km
(indoor)
288 km
Exciting annual events in the city?(click link)(click link)(click link)(click link)(click link)(click link)
Nearest hospital to drive to?1 km2 km1 km3 km10 km14 km
Helicopter transport available?YesYesNoYesYesYes
Sea sports available?NoYesNoYesYesYes
Country draft sales invoiceClick hereClick hereClick hereClick hereClick hereClick here