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 jurisdictionsItalyMonacoAndorraSingaporeDubaiMalta
Our ranking in order of preference123456
Summary at a glance
Total year 1 engagement set up costs in €?14,15022,70024,850US$11,530US$21,98011,675
Total year 2 costs (incl. audit and tax) in €?6,2502,6005,600US$7,500US$9,8509,400
How long to secure residence visa for you?2 months4 months5 months2 months3 months4 months
Investment required to secure a visa?€500,000-€2,000,000€500,000US$400,000US$50,000EAD 1m€350,000
Corporate tax rate on global income?Flat €100,0000%10%0%0%0%-5%
Personal tax on global income? (min/max)Flat €100,0000%0%0%0%15%
Monthly rent of a 3-bedroom apartment?€820€4,500€470S$3,200EAD7.6k€600
Monthly rent of a 1000 sq foot office?€6,500€30,000€7,000S$12,000US$6,000€10,000
Monthly rental of a Bentley car?€30,600€62,000N/AS$21,000US$33,60015,000
Cost of living index76.45unratedunrated83.770.165.5
Exciting annual events in the city?Read moreRead moreRead moreRead moreRead moreRead more
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?€2m€5m€2mS$2mUS$1-1.5m€1m
Investment program to get visas?Investor VisaCarte de sejourActive ResidencyEntrepassResidence VisaPermanent Residency
Minimum investment for investor program?€500,000-€2,000,000€500,000€400,000US$50,000EAD1m€350,000
Types of investment allowed?Capital+bondsCapitalPublic debt + real estateCapitalReal EstateReal Estate
Can apply for work permit?YesYesYesYesYesYes
Minimum paid-up capital for work permit?€500,000€500,000€400,000US$50,000Sponsor€1,160
Part of Schengen?YesYesNoNoNoYes
Dependent visas for the family allowed?YesYesYesYesYesYes
Expat living costs rating?Moderate to 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?1 month1 month1 month1 week2 months2.5 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€1€15,000€3,000US$1US$1€1,160
Fast turnkey solution availableYesYesYesYesYesYes
Public register of shareholders & directors?YesYesNoYesYesYes
Tax and accounting considerations
Corporate tax payable on global income?Flat €100,00033.3%10%0%0%0-10%
Corporate tax payable on local income?24%0%10%17%0%0-10%
Withholding tax on dividends paid overseas?26%NoneNoneNoneNoneNone
Annual financial statements required?YesYesYesYesYesYes
Independent annual audit required?NoNoNoNoYesNo
Local GST or VAT?22%20%5%7%0%18%
Access to how many double tax treaties?100328766670
Personal tax payable on a local salary?23-43%0%10%2-22%0%15%
Personal tax payable on overseas income?Flat €100,0000%10%0%0%15%
EU VAT member?YesYesNoNoNoYes
Corporate bank account considerations
Healy Consultants’ preferred bank?UnicreditSociete GeneraleAndbankOCBCEmirates NBDHSBC Malta
How long to open bank account?4 weeks4 weeks4 weeks6 weeks4 weeks4 weeks
Do I travel to open the bank account?NoYesNoNoYesNo
Minimum bank deposit (USD)?5,000€50,000€100,000US$500US$50,000€50,000
Multi-currency corporate bank account?YesYesNoYesYesYes
Multi-currency corporate visa debit cards?YesYesNoYesYesYes
Corporate ATM card available?YesNoNoYesNoYes
Bank rating by World Economic Forum?9347None4235
Ease of getting credit by WEF?13917None42316
Euro currency used by this country?YesYesYesNoNoYes
Quality of lifeHigh
Size of city square milesFlorence (39.54)0.781802781,588122
Population per square mile52048,46046519,9101,5004,077
Can own a house there?YesNoYesYesYesYes
Quality schools for kids?HighYesYesYesYesYes
How many restaurants?>500>50>200>500>500>500
How many bars?>300>40>40>380>270>150
Casinos?>3005N/A114
How long to drive to airport?10km30.5 km27 km28 km14 km19 km
How long to fly to Paris?1h 501h 30m0h 38m14 h7h 25m2h 25m
Average cost of a restaurant meal for 2 people?€50€110€30S$60€50€50
Cost of a pint of Guinness?€4€26€2.5S$9€10€2
How many city gardens?>4730501310
What time do shops close?7 pm7 pm9 pm10 pm11 pm7:30 pm
How many big shopping centres?71711272>20
Quality of beaches?HighMediumN/ALowHighHigh
Nearest city?FlorenceNicePerpignanJohor BahruSharjahModica
How far to drive for skiing?1h4899 km6 km16 km
(indoor)
14 km
(indoor)
288 km
Exciting annual events in the city?Read moreRead moreRead moreRead moreRead moreRead more
Nearest hospital to drive to?Read more2 km1 km3 km10 km14 km
Helicopter transport available?YesYesNoYesYesYes
Sea sports available?YesYesNoYesYesYes
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