My Best Options For Living In EASTERN EUROPE | Low Cost of Living, Low Taxes + Upgraded Lifestyle

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49 Comments

  1. If you’re going to become an exchange trade for local taxes, you cannot afford to live there. The income taxes as well as sales taxes are not the final markers for defining the best place to live. You just have to balance the general perspective of the life and the cost of living in a specific country. YouTube is based on incentive income, which means you will have to pay a flat rate tax, versus the income based taxes bracket.

    I’d suggest you settle in Ukraine, since you are partly Ukrainian. Kiev and Lviv are beautiful cities to settle in.

  2. Everybody literally everybody chooses Bulgaria. I would've guessed it if you'd asked to guess. It's a country for everybody. Especially in the current situation. They don't hate anyone (unlike many others); they've got great climate; they're sort of the new Switzerland. All the good luck to you! I've always wanted to visit it only I'm afraid if I do, I'd want to stay, in a literal sense.

  3. Bratislava has an Airport on it's own, as well as Vienna Aisrport is just 45 minutes by car. The best price performance you get in Krakow, Wroclaw, Gdansk and Ljubiljana, Brasov/Cluj, Sarajevo and Mostar are also to be considered. Bratislava has a small nice old town and a partly Cosmopolitan River front and new Skyscrappers. Vienna is not EE. But from price performance also very good. Cheaper than Vancouver and GTA and not for no reason on top of the Global list often. Prague is not really cheap anymore in comparison to other EE places. Budapest is a question of taste. Budapest is def. overrated in comparison to Krakow.

  4. LOL! Couldn't help but laugh. I'm from Bulgaria, currently living in Toronto. You came here at a young age, had all of the opportunities to succeed, now you want to go back to that world? Lol

    Bulgaria has the highest population decline in the world, the fastest shrinking country. There's no future there. There's no economy there. Corruption is rampant. The country is controlled by Russian money. The justice is system is a joke. Something happens to you there, you're on your own, you're not getting justice. The healthcare system is shit. It's cheap, but it's shit. The administrative system is another joke. You need something done? Passport, driver's license, vehicle license plate etc, good luck. It will take you weeks of jumping around from place to place to get your documents in order.

    Growing up in a safe country like Canada has made you naive. But that's OK, you'll learn.

  5. As always, research, research, relax. I've spent many months in Romania and the black sea beaches aren't bad. Bulgaria seems to put you in a better place though.

  6. so which one? greece is not eastern europe. Bulgaria was the first one and actually the only one after some thoughts that popping out when you say eastern europe. now if i have to choose between bulgaria and greece, which is Southern europe, I would pick Greece.

    after all this commercial ridden talk you still did not make it clear which one you picked. K!I!S!S!

  7. If you choose Bulgaria, remember they dont speak English, to get a bank account is a night mare, beauticracy is terrible, not to mention dogs barking and people smoking everywhere..Greece is much better

  8. The only cheaper thing in Bulgaria is the rent and some services like medical help, but the quality in the province is questionable. The taxation is low but the administration is not good to put it that way. I'm Bulgarian but Bulgaria outside the major cities is much of an adventure. The food is a bit more expensive compared to the UK when we are talking about store prices. If you want to save on rent and taxation, pick Sofia, maybe Plovdiv. You have flights to London from Plovdiv and from there you can fly everywhere.

  9. Alina,….The name of the Ukrainian lady Living in El Salvador is VICTORIA… Her canal in YouTube is VIKALFRED….. talk to her about living in that beautiful and safe country and I bet you will chose that country to live…. easy going people, friendly, cheap to live……..

  10. I asked ChatGPT the question: ( "What countries in Europe & Eastern-Europe should a Canadian consider moving to if ease of obtaining long-term residency visa is important, as well as having a population that has a large percentage of people who speak English so I can be able to talk to the locals, and have a lower tax rate than Canada so that i can pay less income taxes?" )
    This was the answers that ChatGPT gave back to me:
    —————————————
    For a Canadian like yourself seeking to move to Europe or Eastern Europe, the ease of obtaining long-term residency, widespread English proficiency, and lower taxes are key considerations. Here's a breakdown of some countries that fit these criteria:

    1. Portugal
    Residency: Portugal offers a relatively easy pathway to residency through its D7 Visa for those with passive income or sufficient savings. Additionally, their Golden Visa program offers residency to property investors.
    English Proficiency: A large percentage of the population, especially in urban areas, speaks English, and it's a popular destination for expats.
    Tax: Portugal has the Non-Habitual Residency (NHR) tax regime, offering favorable tax rates for the first 10 years. Foreign income may be taxed at very low rates or even exempt in some cases.

    2. Estonia
    Residency: Estonia provides long-term visas and digital nomad visas, which are suitable for people working remotely. The process is straightforward and efficient.
    English Proficiency: Estonia is known for having one of the highest English proficiency rates in Eastern Europe, especially among younger generations and in business environments.
    Tax: Estonia has a flat income tax rate of 20%, and they only tax income that is distributed (retained earnings aren’t taxed), which can be favorable depending on your financial situation.

    3. Czech Republic
    Residency: The Czech Republic offers long-term residence permits, including for freelancers and those with sufficient means, making it accessible for non-EU citizens.
    English Proficiency: Prague and other large cities have high English proficiency rates, particularly in the expat community and service industries.
    Tax: Personal income tax is 15%, with an additional 7% solidarity tax for high earners. However, taxes are still lower than Canada's.

    4. Malta
    Residency: Malta offers a relatively straightforward residency process through its Global Residence Programme and other visas aimed at retirees or high-net-worth individuals.
    English Proficiency: English is one of Malta's two official languages, so you'll have no trouble communicating.
    Tax: Malta has attractive tax schemes for foreigners, such as the Global Residence Programme, which offers a flat 15% tax rate on foreign income remitted to Malta.

    5. Hungary
    Residency: Hungary offers a long-term residence permit for non-EU nationals, which includes options for investors and those with sufficient financial means.
    English Proficiency: While Hungarian is the official language, English is widely spoken in Budapest and other tourist-heavy areas. Younger generations are particularly proficient in English.
    Tax: Hungary has one of the lowest personal income tax rates in Europe, with a flat tax of 15%.

    6. Bulgaria
    Residency: Bulgaria offers several residency options, including long-term visas for retirees, self-employed individuals, and property investors.
    English Proficiency: In major cities like Sofia and Plovdiv, a decent portion of the population speaks English. However, in rural areas, English proficiency may be lower.
    Tax: Bulgaria has a flat 10% personal income tax rate, one of the lowest in Europe.

    7. Cyprus
    Residency: Cyprus offers various residency programs, including the Cyprus Permanent Residency Program for non-EU citizens who invest in real estate or have sufficient financial means.
    English Proficiency: English is widely spoken across Cyprus, especially in business, tourism, and everyday life.
    Tax: Cyprus has low income tax rates, and residents can benefit from exemptions on foreign pensions and dividends, making it a popular destination for expats.

    8. Poland
    Residency: Poland offers residence permits for work, business, or financial independence. The process for non-EU nationals is straightforward.
    English Proficiency: English is commonly spoken, especially in major cities like Warsaw and Kraków. Younger people tend to have good English skills.
    Tax: Poland has a progressive tax system with rates of 12% and 32%, but you may find that your overall tax burden is lower than in Canada, especially with tax treaties in place.

    Summary of Key Considerations:
    Portugal, Malta, and Cyprus offer the easiest residency options and have widespread English usage due to large expat communities.
    Estonia, Hungary, and Bulgaria stand out for their flat or low income tax rates, but English proficiency varies by region.
    Poland and the Czech Republic balance ease of residency, widespread English knowledge in urban areas, and moderate tax rates.

    Depending on your exact needs, Portugal and Malta might be the most attractive overall due to their expat-friendly environments, widespread English usage, and favorable tax conditions. However, countries like Bulgaria and Hungary offer the lowest taxes if minimizing your tax burden is a priority.

    —————————

    From this data, I am looking into moving to Portugal, and spending a few months each year living in Poland, and maybe Bulgaria.

  11. Hi there fellow Canadian 🙂 Ok, we actually kind of moved to Georgia about 4 months ago from Alberta Canada. Trust me that this was NOT our plan but in my forever search to get out of Canada, Georgia became our last resort for personal reasons.

    We landed in Tbilisi and it was nothing like what I learned from YouTubers about this city. They make it to be a wonderful place to be but it’s NOT! I’m being honest here and I’m very blunt and this may upset many but well, I don’t really care.

    This city, and we haven’t been to other cities yet, is polluted. It’s filled with trash, graffiti, broken down homes and buildings, lots of traffic, bad air quality, thousands upon thousands of stray dogs and cats, and not so friendly people. I kept on hearing that the Georgian hospitality is amazing. LOL. I’m not sure who says this BS. Maybe they’re paid to do it because you can’t trust videos, people, internet information until you see it for yourself. The People here are very racist. You’re blond with blue eyes, so, you may not see it, and every video of Georgia is mostly done by white tall people. I’m not tall, I’m not blond and no blue eyes, so, I know when I say that racism is very very noticeable. They don’t like many nations. And even when you’re renting a place, the first thing they ask is “Where are you from?” 🤔

    And you cannot stay here because you’re a digital nomad. To get a temp residency, you either have to purchase a property that’s at least $100,000 US, or invest $300,000 US which doesn’t end there.

    If I were you, I would not be considering this place as a home base anything. I can’t go anywhere else at this time because I have a beloved bird that no country allows her to enter and Georgia was the only one that did. I will forever thank them for that. For now, Georgia is our home. We don’t know what the future holds. I just wish the “Proud people of Georgia” would actually show their pride in action by not polluting the country they say they’re proud of 😩

  12. We moved from Canada to Romania a year ago (our native country) and we are not looking back. We love it here and the quality of life is so much better. We are mortgage free, have a much better social life, we are enjoying delicious food and can enjoy life all year round! It is a safe and beautiful country that is also very affordable. Good luck with your choice!

  13. I moved from Toronto to a middle size town in Romania in 2016 and it’s been great. I think that the best fit for you with your background and lifestyle would have been Romania or Moldova.
    The life in Romania is great if you have a stable income of 1500 cnd dollars per month for 1 person and own an apartment or a house and a car.
    Prices are half or more from what you get in Toronto for everything , main food quality is much higher and way fresher than in Canada …
    Here people are nice and very open and also aesthetically way more beautiful and fit than the people who inhabit Toronto .
    Good luck w everything! 👍

  14. Очень однобоко эта мадам вам статистику приводила в этих радужных слайдах. В основном плюсы, а про жирные минусы ни слова. Про налоги только, а например про то что в половиен из этих стран просто на улицу не выйти вечером, небезопасно, про это конечно она умолчала.

  15. Perhaps you could make a list of the countries where they smoke like chimneys and the countries where it's frowned upon and they respect your health because Albania is not one of them.

  16. I see these videos and find them so frustrating! The reason WHY Eastern Europe is now a better place to live than many countries in Western Europe is BECAUSE western Europe has been promoted so heavily as the destination for safety and prosperity, that it is now completely overrun with immigrants – both legal and illegal. Now you get people like this, moving into Eastern Europe and trying to promote it internationally as the place to come and in about 30 years it, too, will be overrun with immigration and just become generic, over-populated, and lose its cultural magic. So frustrating.

  17. Romania is advancing economically much faster than all the other countries mentioned. It’s such a beautiful country, in my opinion the most beautiful in eastern Europe and the most worth linving in as an expat. It’s your decision but there is a reason why Romania is so popular with expats☺️

  18. Romania is amazing, I moved here 2 years ago from the UK and it’s the best decision I ever made! I would mention that Transilvania is the best place to live it! I have visited Bulgaria and Albania but it doesn’t compare to Romania in my opinion. Best of luck with your move!

  19. I wonder why didn't you consider Spain as it is more developed than Eastern Europe and prices aren't as high as in the rest of West and they have Digital Nomad Visa program

  20. I wish I didn’t but I do think of Eastern Europe as old soviet buildings and a worse quality of life than Western Europe but I do, I hope you can change this with your forthcoming European trip and show a new Eastern Europe✌️❤️🇬🇧

  21. As a Romanian… I really do not know why you would ever take the Balkans into consideration.
    Pro putinism… corruption… failing governments… border with Ukraine (btw they are at war… :O ) …

    I guess the only reason you would think of this is because you left when you where to little to remember or to little to actually be able to understand what it really means to live here.

    I am 32 and… belive me… for no reason on earth… not even a divine one… would I move here 🙂

    Ukranians and Romanians shared a few dark sides of history because of Russia… so… whatever you do… do not move here… (Bulgaria is kinda like our top competitor when it comes to the worst of the worst in this part of the world… so I can't recommend that either… sorry Bulgaria :)) no hate… but it is what it is and you BG and RO are right there at the bottom of the list… like good brothers :))) )

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