Some applicants can obtain the work permit without the labor market test and can receive the permit without questions. Belgium is a developed country. This is one reason why, if you really want a Belgium passport, you must be ready to commit. That is the other downside to the program: because the requirements are not clearly defined, you are taking a five-year gamble that you aren’t doing it all wrong and risking rejection. LATVIA. We also use third-party cookies that help us analyze and understand how you use this website. If they have a foreign employer, they will only be taxed if they spend more than 183 days in Belgium. Between processing fees, legal costs, property rental, and employees, you could spend as much as €150,000 in the first year, and roughly €500,000 during the five-year timeline toward qualifying for naturalization. If you qualify, you can obtain Belgian residence, complete the five-year naturalization timeline, and then apply for and obtain Belgian citizenship. The details can be found on local government websites https://www.info … (Uninterrupted meaning that you have not left Belgium for more than a year at a time.). Belgium holds a strong European presence. You will need a long-stay visa to travel to Belgium and apply for residency. Yes, you can potentially eliminate taxes on all other foreign income by becoming a tax non-resident, but you have to apply for it properly or risk getting sucked into the tax system. If they move to Dubai, instead of being able to opt out of the system as they can now, they’ll have to pay 10% to their home country or even more. Since most Nomad Capitalists choose to go the route of starting their own company, that is the process we will outline below. The entire Belgian education system is both affordable and of the highest quality, making Belgium a great place for Nomad Capitalists looking for a family-friendly home in Europe. The most important criterion for a successful investment residency application is to show that your business will make a significant contribution to the economy of Belgium by creating local jobs or buying goods or services from local companies. You do not need to live there full time but you do need to have an accommodation in Belgium that is registered to City Hall for all five years and show that you have spent time in the country. Belgium has one of the best passports in the world because of the kind of country it is, not because of its political alliances. Income from independent activity is only taxable in Belgium if it is obtained from business carried out in Belgium or by means of a “fixed base” in the country. The second one is a natural transition for those who wish to live in the country permanently. As an owner of the company, you can easily qualify for the belgian residence permit. I recently told a client that he could live in Hungary full-time for the next eight years and never be naturalized. Only 3 years before the citizenship application can be made. You will need to present your passport, two visa application forms, two passport photos, a certificate of good conduct less than six months old, a medical certificate, and other situation-specific documents as requested by the embassy. Join our email list and we’ll send our best articles, videos and exclusive content right to your inbox. As a tax non-resident, you will not have to report or pay taxes on your foreign earnings in Belgium. In the future, I suspect that EU citizenship will involve some degree of a tax obligation no matter where you live. This stay is under similar conditions and enjoying similar rights and benefits as Belgian nationals. Another factor in your favor is that Belgium is a multilingual nation. Over the years, I’ve discovered that there are several key characteristics of the ideal candidate for this program. If you pursue this route, you must be ready to run a real business. You can still structure your overall tax situation so that you only have to pay taxes on your Belgian business and not on your global income. Our clients are predominantly high net worth business investors. But here’s what it all boils down: if you want to be a solid candidate for Belgian residency, you need to add value to their economy.