IN­TER­NA­TIONAL IN­TRIGUE

Golf Digest (South Africa) - - The Golf Life -

Golfers like Justin Rose and South African Thomas Aiken own homes in the Ba­hamas; Mathias Grön­berg and Søren Hansen have set­tled in Monaco, while Ser­gio Gar­cia and Adam Scott of­fi­cially re­side in Switzer­land. These coun­tries, and oth­ers like them, of­fer big tax in­cen­tives for wealthy peo­ple to re­lo­cate. Let’s say you want to make your home in the Ba­hamas.To be­come a per­ma­nent res­i­dent with the right to work (earn money) you have to in­vest $500 000 in a busi­ness or res­i­dence. It gen­er­ally takes about six months to set up. If you’re will­ing to in­vest $1.5 mil­lion, there’s an ex­pe­dited ser­vice that will usu­ally make you a per­ma­nent res­i­dent in about six weeks. Switzer­land is a lit­tle dif­fer­ent. It does tax in­come, but it al­lows cer­tain non-Swiss res­i­dents who don’t work in Switzer­land to pay a ne­go­ti­ated “lump-sum” amount. This agreed amount is not based on the per­son’s in­come but on the amount of liv­ing ex­penses.The agreed sum is in­vari­ably a much smaller amount than the per­son would pay liv­ing in his home coun­try. (Some re­gions of Switzer­land do not pro­vide for this ben­e­fit.)

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