cms neuf
29 Dec 2019
Work / Self-employed American living in Poland? Is it possible? [54]
Those kind of yields are very much the exception - I am lucky if I get 5 percent once I factor in taxes, running costs and even less if you include your own time. It's better than bank interest but no goldmine and quite difficult to manage efficiently if you don't speak Polish.
You will need to declare your US income and pay tax on it in Poland - goes with residence and not citizenship. However you will get some tax relief under a double tax treaty.
I think however that your life plan can work just be prepared for some hassle when you set up and don't burn your boats - make sure you have the option of moving back.
Why not just move to a cheaper part of the US ? That might give the same benefits but less risk and much easier for your business
Those kind of yields are very much the exception - I am lucky if I get 5 percent once I factor in taxes, running costs and even less if you include your own time. It's better than bank interest but no goldmine and quite difficult to manage efficiently if you don't speak Polish.
You will need to declare your US income and pay tax on it in Poland - goes with residence and not citizenship. However you will get some tax relief under a double tax treaty.
I think however that your life plan can work just be prepared for some hassle when you set up and don't burn your boats - make sure you have the option of moving back.
Why not just move to a cheaper part of the US ? That might give the same benefits but less risk and much easier for your business
