The Only Totally Tax-Free Place in Europe

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Is fear stopping you from achieving your dream of finding the best place in the world to live, do business and invest?
Well, if you’re considering Europe as a potential destination, chances are that fear of the EU’s multitude of tax inspectors could be causing you to hesitate.
Discover Sark, Europe's tax-free paradise! Join us as we explore this idyllic island between England and France, where taxes vanish and tranquility thrives. Learn about Sark's unique culture, tax benefits, and residency options.
00:00 Start
00:46 Overview of Sark and Its Culture
2:20 Tax Benefits of Living in Sark
4:32 Residency and Citizenship in Sark
7:49 How to Move In?
11:24 Comparison to Other Tax-Friendly Options
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Пікірлер: 396

  • @Summrise
    @Summrise15 күн бұрын

    Bro just single handedly overpopulated a whole island with one vid

  • @alanperez5438

    @alanperez5438

    15 күн бұрын

    Yes! My friends and I are already planing this 😂

  • @stevefarrugia-dc7qt

    @stevefarrugia-dc7qt

    15 күн бұрын

    lol

  • @sarahcrowe4602

    @sarahcrowe4602

    15 күн бұрын

    🤣

  • @alexcameron2880

    @alexcameron2880

    15 күн бұрын

    Funny...as much as taxation is abhorred, you'd think people would force the governments to get rid of taxes.

  • @nuancematters

    @nuancematters

    15 күн бұрын

    @@alexcameron2880 too many people buy into propaganda, sadly. And once people get into government, they enjoy other people's money too much to do anything about it

  • @MultiSgar
    @MultiSgar15 күн бұрын

    population before this video: 500. Population after this video: 500,000

  • @enjoystraveling

    @enjoystraveling

    15 күн бұрын

    The island can’t hold that many people and most people wouldn’t do out without their cars another conveniences. For me, I would like an island with bicycles and horses mostly

  • @minttrax

    @minttrax

    14 күн бұрын

    bro did em bad

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    🤣🤣🤣 Clearly you've never been to Sark, there's only housing for the 500. No room to build more.

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    @@enjoystraveling Who needs a car when everything is in walking distance?

  • @LibertarianFacts

    @LibertarianFacts

    9 күн бұрын

    Yes!

  • @madvillainy6845
    @madvillainy684515 күн бұрын

    New goal unlocked 🔓: Lord of Sark

  • @ZMS777

    @ZMS777

    15 күн бұрын

    😂😂😂

  • @starvingbymidnight

    @starvingbymidnight

    15 күн бұрын

    500 people population everyone incest! lol

  • @patrick1992

    @patrick1992

    15 күн бұрын

    Sark is super small you will not get happy

  • @MateDrinker33

    @MateDrinker33

    15 күн бұрын

    I’m afraid Andrew actually oversimplified this one; in Sark, monarch’s actual title is “Chief Seneschal”. In countries that still have formal aristocracies, “Lord” is just a generic designation for a person who possesses a lordship over something (as well as being a mode of address); it doesn’t indicate what the lord’s actual title is.

  • @user-im7rk8bj4v

    @user-im7rk8bj4v

    15 күн бұрын

    You think the Seigneur of Sark is going to sell his castle?

  • @philthompson2239
    @philthompson223915 күн бұрын

    500 alcoholics clinging to a rock :), that was how a local described Sark to me when I worked in Guernsey many years ago. Never did get around to visiting.

  • @donaldrobertson5747

    @donaldrobertson5747

    15 күн бұрын

    Sounds like an average Saturday night in alot of places I know.

  • @antiguaw.i.1977

    @antiguaw.i.1977

    15 күн бұрын

    Something tells me I would fit right in 😂

  • @InvestgoldUK

    @InvestgoldUK

    15 күн бұрын

    I bet some fine claret and brandy was imbibed to attain the alcohol levels though

  • @tmac9938

    @tmac9938

    15 күн бұрын

    hilarious description. very british.

  • @lisarussell5762

    @lisarussell5762

    15 күн бұрын

    😂

  • @jqn8361
    @jqn836115 күн бұрын

    Are you being sark-astic?

  • @austinpowers1999

    @austinpowers1999

    15 күн бұрын

    Jes, jes he is

  • @user-sd5cm9wf6p

    @user-sd5cm9wf6p

    15 күн бұрын

  • @msjannd4
    @msjannd413 күн бұрын

    I just went to Airbnb out of curiosity to see the rental rates for a room in someone's home, an apartment or a whole house. Prices began at $3,000 up to $10,000+ per month. Looks beautiful, but I'll stay here in Subotica, Serbia for $342 a month. Ha!!! Sark will be in my dreams though.

  • @craigescapeddetroit5198
    @craigescapeddetroit519812 күн бұрын

    Tax on bicycles? Get a TRICYCLE.

  • @InvestgoldUK
    @InvestgoldUK15 күн бұрын

    owning a property in any european country now is a disaster. Not only is it expensive and being targetted for the "own nothing and be happy", but they also use it to claim you're still resident.

  • @mradventurer8104

    @mradventurer8104

    14 күн бұрын

    no. houses in southern europe are still fairly cheap. And yes residents have to pay different taxes. If you are not a resident then it should be possible to prove that?

  • @InvestgoldUK

    @InvestgoldUK

    14 күн бұрын

    @@mradventurer8104 just the fact of owning a house is enough some places for them to say you are resident. Denmark, for example, requires you to sign a form saying you'll never stay overnight there again!

  • @srypWned

    @srypWned

    13 күн бұрын

    always buy homes using a company structure.

  • @user-to4iq4bq9g

    @user-to4iq4bq9g

    12 күн бұрын

    ​@@mradventurer8104 owing a house under personal name is primary tie factor to the country that they can claim you are a tax resident even if you stay that country 0 day a year.

  • @snorttroll4379

    @snorttroll4379

    12 күн бұрын

    what structrure in what jurisdiction works to be able to have a house and not be screwed over?@@user-to4iq4bq9g

  • @cassandradummer9261
    @cassandradummer926115 күн бұрын

    I was there last month looking at property(with the only estate agent there) the property system there is like nothing elsewhere, very complicated. Only a few properties on the open market, which are available to people not born on the island. The tax system there is complicated. They do levy a wealth tax in which you voluntarily admit your global assets(you don't have to, but if they find out tou have more they will investigate) No serious medical facilities, they're ambulance is a tractor with a "medical box" attached. Maybe 3 restaurants worth visiting, so not all sunshine and roses. You also pay tax based on the value of your property in Sark.the likes of Abromovich have used it in the past as a tax haven.

  • @shunter8888

    @shunter8888

    13 күн бұрын

    One of the more realistic comments on here about Sark. I live in Sark. Most people coming here don't do their homework properly & have highly unrealistic expectations & are misinformed.

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    @@shunter8888 Greetings, I lived in Guernsey for several years and totally agree. This video omitted SOOO MUCH!!

  • @reneket2295
    @reneket229515 күн бұрын

    Also worth mentioning: Sark has internet and you can use your smart phone normally.

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    Until a cruise ship pulls up in Guernsey, or a storm. Then it goes down. I lived there.

  • @yaegermeister4307
    @yaegermeister430715 күн бұрын

    this is what taxes should be... virtually non-existent

  • @riptyurass302

    @riptyurass302

    15 күн бұрын

    Well, you get what you pay for and with absolutely 0 tax there's no hospitals, roads, schools or any public service. You can say you're fine with that but I don't think non-existent tax is good for most people. Ideally low tax in the teens would be preferable.

  • @BbTenn

    @BbTenn

    15 күн бұрын

    @@riptyurass302Most of these can be accomplished privately if people want them.

  • @mjs28s

    @mjs28s

    15 күн бұрын

    @@riptyurass302 So there would be none of the things that you claim without income taxes that were around before income taxes? Schools, colleges, hospitals, etc. were around, as were roads. You see, gubment crowds out private solutions all the time and then people start to think that gubment is where all those things come from. Today there are private hospitals, and most hospitals for that matter are not funded by taxes. They are funded by patient visits, large donors, and other sources. Same with some schools. You literally argued by dropping a list of things that were done privately before gubment crowded some of it out and still, everything in your list still has some non-gubment options out there. But of all the things that gubment does do, private industry would to better and cheaper. Government has, or at least think they have, and endless money supply. Of the private sector solution isn't profitable they fail. If they aren't giving people what they need they get taken out by competition. People, not gubments, used to pay for schools, build hospitals, libraries, colleges, etc. Tax revenues should all come from sales tax or tariffs AND gubment should be lean and mean and only need to tax maybe 15% sales tax and have low tariffs to keep imported goods priced affordably.

  • @necksquad3222

    @necksquad3222

    15 күн бұрын

    ​@@BbTennAmerican hospitals are private and are significantly more expensive than pretty much anywhere else. It's unaffordable

  • @samuilplamenov4749

    @samuilplamenov4749

    15 күн бұрын

    @@riptyurass302 Taxes no longer are used for building hospitals, roads, schools etc. This used to be the case before fiat currency and quantitative easing. Nowadays taxes are just burnt repaying government debt interest. To build roads, hospitals and schools the government just prints more money, kicking the inflation ball further down.

  • @stephenday4834
    @stephenday483412 күн бұрын

    Sark has tax. It's not high, but it has tax. It doesn't have water mains, sewage, and all electricity comes from centrally owned diesel generators, it's illegal to have your own. It doesn't have cars. Shopping is limited to 2 small shops. There is no airport, you can only get there by boat. It also takes so long to buy or rent anything you will probably give up after 3 months. Also there is no way you can get enough land to support yourself as the place is tiny.

  • @immortalityIMT
    @immortalityIMT15 күн бұрын

    The English Royal Family keep their money there. That is why it's tax-free.

  • @stevemyers2092

    @stevemyers2092

    15 күн бұрын

    i thought the Isle of Man

  • @elasticharmony

    @elasticharmony

    15 күн бұрын

    Buried treasure or that famous billion pound note?

  • @user-vl6xt2rt7p

    @user-vl6xt2rt7p

    15 күн бұрын

    The British royal family can exempt themselves from paying any tax

  • @enjoystraveling

    @enjoystraveling

    15 күн бұрын

    @@user-vl6xt2rt7p I thought I read that the Queen Elizabeth II had decided last few years of her rain that the royal family would pay taxes and they started that

  • @enjoystraveling

    @enjoystraveling

    15 күн бұрын

    Reign I meant not rain

  • @Diego_A_Lozada
    @Diego_A_Lozada15 күн бұрын

    This channel is a hidden gem.

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    Nice to visit, not to live, trust me I lived there.

  • @pierre-yveschauvet5136

    @pierre-yveschauvet5136

    13 сағат бұрын

    @@newforestpony9567 Please tell us what sucks there.

  • @newforestpony9567

    @newforestpony9567

    8 сағат бұрын

    @@pierre-yveschauvet5136 No sewers (cess pit needs emptying twice a week), no street lights, no ambulance (and emergency helicopters can't run in frequent sea fog), a ferry every other weekend only in Summer and only in good weather, corruption permeating all facts of life, frequent shortages due to sea storms, extra fees on delivery only when they deliver which isn't often, limited shopping, getting off island to mainland UK or Europe costly ie no budget airlines but an extortionate monopoly, mobile signatl goes down when cruise ships come in, lots of rain and wind and storms, lots of sea fog, small town mentality where a problem shared is a problem shared with the whole island so you have to be very careful what you say especially since everyone is related to each other, UK Mayfair house prices and rental prices if you can find a house available due to limited supply, no high school so kids have to board in Guernsey,, high food prices, hefty stamp duty, hard to find employees, lots of beauroceracy associated with the right to live there which is abused to control you, unreliable postal service. To name a few off the top of my head. Cabin fever, boredom and home sickness sets in quickly once the novelty wears off.

  • @AFNick
    @AFNick15 күн бұрын

    Even as a geography buff, I’ve never heard of Sark. Great find.

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    Alderney is even smaller.

  • @kritikashekar8429
    @kritikashekar842915 күн бұрын

    Sark! Who would have thought? Radical! Love it.

  • @mattanderson6672
    @mattanderson667212 күн бұрын

    Thank you Andrew, really interesting

  • @margyiphillips4931
    @margyiphillips493115 күн бұрын

    Thank you so much. This is gold!

  • @nomadcapitalist

    @nomadcapitalist

    15 күн бұрын

    You're very welcome!

  • @damianpetersen337

    @damianpetersen337

    15 күн бұрын

    @@nomadcapitalist Andrew, you didn’t mention the possible route to follow for Africans? Unless this doesn’t benefit citizens within the BRICS jurisdiction

  • @RichardSaladin
    @RichardSaladin15 күн бұрын

    you got me at 'introvert' LOL

  • @coolrunnings5383
    @coolrunnings538315 күн бұрын

    I’ve been to guernsey and sark - great places, especially if you want to get away from it all.

  • @BrewmanCrypto
    @BrewmanCrypto15 күн бұрын

    Great video!!

  • @andreashedlund2757
    @andreashedlund275715 күн бұрын

    Before he said Sark which I have never heard of I thought he was going to say Svalbard.

  • @mattpackwood6737
    @mattpackwood673712 күн бұрын

    There are taxes if you buy a home on Sark. A property transfer tax of 7.5% was implemented on Sark from January 1, 2024. Since most homes for sale are around £750,000, the tax would be a whopping £56, 250 !!

  • @Mpg972

    @Mpg972

    12 күн бұрын

    Or 19% in Ukraine on your 2nd home

  • @Denver_____
    @Denver_____6 күн бұрын

    Nice to know this

  • @keha3271
    @keha327115 күн бұрын

    Sark sounds lovely. Build a Hobbit house in the landscape and make some tax-free babies with the locals, all while enjoying some mead directly from the cask and local artisan cheeses & cuisines.

  • @BlueBeeMCMLXI

    @BlueBeeMCMLXI

    15 күн бұрын

    You are wet behind the ears... LOL

  • @shunter8888

    @shunter8888

    13 күн бұрын

    Tax free babies. Seriously. What does this have to do with anything. This isn't Brazil.

  • @danielseddon3177
    @danielseddon317712 күн бұрын

    We went on holiday to Sark when I was a kid. Beautiful place.

  • @abdulrazakbendjema9778
    @abdulrazakbendjema977815 күн бұрын

    Why you never talked about Andorra before? It's a nice place

  • @leotravel85

    @leotravel85

    15 күн бұрын

    Real state too expensive

  • @SamiNami

    @SamiNami

    15 күн бұрын

    It's not very nice at all, nothing to do.

  • @felixtravelers

    @felixtravelers

    15 күн бұрын

    @@SamiNami ski 🎿 and snowboard 🏂 during winter I guess some hiking during the rest of the year

  • @cnachopchopnewsagency

    @cnachopchopnewsagency

    15 күн бұрын

    Andorra practically still work under France thumb.

  • @abdulrazakbendjema9778

    @abdulrazakbendjema9778

    15 күн бұрын

    @@SamiNami it's convenient for retirees

  • @theoneandonly100k
    @theoneandonly100k12 күн бұрын

    Lived there for some time. Tax situation is good, island is beautiful, aside from the trash-burning nearby the harbor. You can see the social dichotomy (people with and without teeth) and it is sometimes hard to plan trips. Always book refundable tickets for planes etc., since you cannot be sure that the ferry goes because of (unforeseen) weather issues.

  • @YesWorkatHome
    @YesWorkatHome15 күн бұрын

    Would please also talk about any country that wouldn't do 2030 schedule plan?

  • @mmarch2978
    @mmarch297814 күн бұрын

    Zero percent to do makes Jersey look like Mecca.

  • @mlmpro_
    @mlmpro_15 күн бұрын

    The only problem is there is no houses available

  • @Orson2u
    @Orson2u15 күн бұрын

    Anyone remember Cutty-Sark?

  • @NdinehafoHakweenda
    @NdinehafoHakweenda15 күн бұрын

    I never heard of Sark,interesting

  • @JM-gu3tx

    @JM-gu3tx

    13 күн бұрын

    Basic British geography.

  • @burn2406
    @burn240615 күн бұрын

    We move to Sark!

  • @sheikherder
    @sheikherder10 күн бұрын

    I'lll probably be here in the US until the last, but I love your broadcasts.

  • @XRP747E
    @XRP747E13 күн бұрын

    I lived in Sark for a few years c.30 years ago. It was an interesting experience.

  • @greghayes9118
    @greghayes911815 күн бұрын

    I would be more than happy to be invited to financially contribute to worth while government projects. That would be reasonable and fair..

  • @bradforddavis6497
    @bradforddavis649715 күн бұрын

    Me my backpack, bicycle and 200,000 pounds.

  • @tombowman4489
    @tombowman448915 күн бұрын

    I can confirm the weather in the UK is 89% dog Sh*t.

  • @AnonDa

    @AnonDa

    15 күн бұрын

    98%*

  • @reneket2295

    @reneket2295

    15 күн бұрын

    Thats a myth. Specially the south-west of UK has "France" weather with palm trees everywhere. Sark is only 30km from France.

  • @-pg6767

    @-pg6767

    14 күн бұрын

    @@reneket2295yeah right, where?

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    The channel islands are the most southerly point of the British Isles, and therefore the warmest climate with NO FROST, may be 3 days at worst. Locals visit the mainland and are surprised by the 'crunchy grass.' Sark is not part of the UK.

  • @darkmatter6714

    @darkmatter6714

    11 күн бұрын

    @@-pg6767google “English riviera beaches” and click on images

  • @froufou100
    @froufou10015 күн бұрын

    I am French and I have never heard of that island, Oh MY!

  • @MarinaLaroche

    @MarinaLaroche

    15 күн бұрын

    Qu'est-ce que vous avez entendu dire ?

  • @froufou100

    @froufou100

    14 күн бұрын

    @@MarinaLaroche rien du tout lol, Andrew m’apprend des chose

  • @danh5637
    @danh56376 күн бұрын

    What’s the internet connectivity like? And what about parcels?

  • @jaylozier4083
    @jaylozier408315 күн бұрын

    Andrew, did you see that a taco stand in Mexico City got a Michelin star (unprecedented)? Taqueria El Califa de Leon. Is that "your" taco place?

  • @mars54mars54

    @mars54mars54

    15 күн бұрын

    It’s about time, street tacos are some of the very best food on the planet!

  • @plizak

    @plizak

    15 күн бұрын

    Nice! I ate at the Michelin star chicken rice place in Singapore. Which was the cheapest Michelin star place at the time. Might have to finally go to Mexico City to try these tacos! 🌮

  • @Goatse-monogatari_no_homo

    @Goatse-monogatari_no_homo

    15 күн бұрын

    Michelin stars are just people who think too much of their own opinions. In Most countries the food carts will always have the best food. My opinion.

  • @SailingBritaly
    @SailingBritaly15 күн бұрын

    Sounds like an appealing place to sail to... Although I might risk getting high speed chased by mounted police because there is no way I'm paying a bicycle tax.

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    The currents around Alderney and Sark are only for the very experienced, very treacherous and lots of rocks.

  • @urldroidsuperbot2139
    @urldroidsuperbot213915 күн бұрын

    There maybe one home available or none, given its size. Once has to keep travelling in all other places not to clock 183 days in any jurisdiction. It is an impossible to migrate place.

  • @patrickfreeman8257
    @patrickfreeman825715 күн бұрын

    I've never heard of Sark before. If the locals are known as Sarkastics then I'm on the next flight

  • @shunter8888

    @shunter8888

    13 күн бұрын

    Sarcuese, officially. But Sarkasm is well & live here. In fact, it's an Official Dialect. Along with Serqaise, a Sark version of French which only a handful of old people still know.

  • @revoktorment440
    @revoktorment44015 күн бұрын

    Must be hard to have a business there that requires any regular delivery of materials

  • @newforestpony9567

    @newforestpony9567

    12 күн бұрын

    He forgot to mention that the ferry only runs alternate weekends, only in the summer, is fully booked with tourists and is frequently cancelled due to rough currents and sea fog.

  • @patrick_gerard_zec_de_almeida
    @patrick_gerard_zec_de_almeida10 күн бұрын

    ____Asm sounds like a tricky island. Kul concept though. Kind regards.

  • @Godsmustbecrazi3
    @Godsmustbecrazi315 күн бұрын

    lol u can’t survive in sark people, I lived in guernsey and frequently went to sark just to walk around and enjoy the beach. Guernsey itself is boring at some point which is 66k plus inhabitants

  • @elasticharmony

    @elasticharmony

    15 күн бұрын

    My folks came from there, an old Norman property still a direct Ducal rule, they had real feudal homage there until the 70's, payed in kine, real life ! Has its own currency better than the pound .

  • @MarkRose1337

    @MarkRose1337

    15 күн бұрын

    Why not? I have family that lived on islands with fewer than 10 people, and no stores.

  • @Godsmustbecrazi3

    @Godsmustbecrazi3

    15 күн бұрын

    @@MarkRose1337 for people that are use to living in cities and have a certain lifestyle, like I worked and lived in guernsey, loved it there to some degree, but a lot other things was lacking. No good friendship connection, u can’t decide to just leave the island and go somewhere else to see close connections, so this factors contribute a lot

  • @MarkRose1337

    @MarkRose1337

    15 күн бұрын

    @@Godsmustbecrazi3 That's fair! I am somewhat used to extensive travel to see people, so taking a boat to get off Sark wouldn't bother me.

  • @Godsmustbecrazi3

    @Godsmustbecrazi3

    15 күн бұрын

    @@MarkRose1337 don’t get me wrong am getting to a place on my life where I really love that kind of quiet life but for that to happen I would need someone or a few people I can build a solid connection with on such island

  • @F_Yale
    @F_Yale15 күн бұрын

    Could you set up Sark as your tax residency without actually living there, as long as that is the only place where you have assets in your name?

  • @philip8448

    @philip8448

    15 күн бұрын

    Currently you do not have to spend a single day in Sark to be resident - as long as you rent/buy a property and it is available for your own use and you pay the property tax. They are talking about introducing a 90 day resident rule because they get annoyed by ghost residents that add nothing to the island community, but nothing has been done so far.

  • @enjoystraveling

    @enjoystraveling

    15 күн бұрын

    @@philip8448 I think it’s sort of strange to be considered a resident when you’re not really a resident. . If I was in that community, I would be annoyed too if there was all these empty houses, rental or owned and nobody living in them, especially since it’s a very small island.

  • @enjoystraveling

    @enjoystraveling

    15 күн бұрын

    I’d have to look it up again, but I believe you can get around the whole island and less than a day just by walking.

  • @jeanpierreviergever1417

    @jeanpierreviergever1417

    11 күн бұрын

    Your residency is usually where you reside, where your personal and working life takes place. It is not something formal, except if you are from the US.

  • @LeonPhythian69
    @LeonPhythian6912 күн бұрын

    How much do you need in the bank initially?

  • @orionspur
    @orionspur15 күн бұрын

    Henceforth I shall be known as Sark... Vader.

  • @hemantparakh6462
    @hemantparakh646215 күн бұрын

    ACCA Of Sark Radio License is my requirement

  • @MrPatvee
    @MrPatvee15 күн бұрын

    How's the highspeed internet connection?

  • @Orson2u

    @Orson2u

    15 күн бұрын

    Think Starlink or Sat phone.

  • @rendezyt
    @rendezyt15 күн бұрын

    What about San-Marino as tax-friendly place?

  • @JM-gu3tx

    @JM-gu3tx

    13 күн бұрын

    Don't know, but they have been run by communists in recent memory.

  • @iaprm
    @iaprm13 күн бұрын

    Neptun also seems to be tax free. Bonus points, it's free from humans and cars. Great escape.

  • @captflam5266
    @captflam526615 күн бұрын

    Is it a joke of some kind ? have you been to sark ? no cars no airport as you say even by sailboat its not easy, around guernsey many rocks, tidal coefficient very high in guernsey and sark just in front you can find the private island of a british tobacoo magnate in front of sark

  • @philip8448

    @philip8448

    15 күн бұрын

    You just get the boat from Guernsey to Sark. They do multiple crossing per day and takes 55 mins. Costs £19.

  • @johnsharp2994
    @johnsharp299415 күн бұрын

    Annual sheep racing is a great day out!

  • @ozmunky
    @ozmunky15 күн бұрын

    Fark! I'm going to Sark ...

  • @Evansteven244
    @Evansteven24415 күн бұрын

    Sark island on-it thanks

  • @mrphillipthomas
    @mrphillipthomas15 күн бұрын

    Which island in Europe has great tax benefits? Sark-has-em! Sarcasm!

  • @JaredPaideia
    @JaredPaideia15 күн бұрын

    Hey Wes, thoughts on Gibraltar? I’ve seen it regarded as a tax haven.

  • @Orson2u

    @Orson2u

    15 күн бұрын

    Hi taxes; high property prices. But corps and trusts are different. It you don’t do business in Gibraltar! Non Dom excellence.

  • @dressydress9726
    @dressydress972610 күн бұрын

    And surprise surprise, taxes could be introduced in a few years.

  • @videofrat3115
    @videofrat311513 күн бұрын

    What is the minimum yearly stay to qualify as a resident? Do I even need to rent a house to be a taxpayer there?

  • @user-pg8fy1uf2r
    @user-pg8fy1uf2r10 күн бұрын

    So no deliveroo?

  • @ireviewdopesht7216
    @ireviewdopesht721615 күн бұрын

    Sark will be Ibiza by the time I get there 🤦

  • @olivierlesage7033
    @olivierlesage70337 күн бұрын

    Well if you like rain and humid weather go for it. Personally I prefer Arizona or Southern California 🌞 even if you have to pay taxes. Quality of life is key...

  • @leoprg5330
    @leoprg533015 күн бұрын

    Would be interesting to know how complicated it is to get a building permit on Sark. My uneducated guess is it's not worth it. Across EU in general it's quite complicated. I don't think any millionaire would like to live in a shack

  • @user-im7rk8bj4v

    @user-im7rk8bj4v

    15 күн бұрын

    You can get this only if you qualify for "local market" properties, which you do after 15 years residence in Sark. Otherwise you can only rebuild an old property from before 1973

  • @shunter8888

    @shunter8888

    13 күн бұрын

    And the local builders don't like competition. You don't get work, even if you're good & qualified. Or are better than them. They seem to employ locals preferably.

  • @philip8448
    @philip844812 күн бұрын

    You crashed the Sark estate agent website.

  • @jackbrown5184
    @jackbrown518415 күн бұрын

    0 tax sounds great. But unless you are an ultra high net worth individual, don’t expect an improvement to your quality of life. By moving to these places just to avoid taxes 😂

  • @azdbuk
    @azdbuk15 күн бұрын

    You had me at "introverts".

  • @mickeymichaels1298
    @mickeymichaels129814 күн бұрын

    Lord of Sark sounds so Monty Pythonesque.

  • @mikewebber7553
    @mikewebber755312 күн бұрын

    Set up small ships;with the Sark flag, off the cost of Dubai, us , UK and so on .

  • @inasl4551
    @inasl455111 күн бұрын

    Tax are a good thing. Not paying taxes means taking advantage of a market place and nor paying any bills.

  • @zZnighthunterZz
    @zZnighthunterZz15 күн бұрын

    nice

  • @ricnyc2759
    @ricnyc275913 күн бұрын

    I don't get what you guys want. Do you want to ride on paved roads, and not pay for them? Sanitation service and not pay for it? Do you think you're too good, countries will allow you to live there just because you're cute? I think I must be stupid because I do NOT get it.

  • @ommanipadmehung3014
    @ommanipadmehung301412 күн бұрын

    What do you do for healthcare or if you need police? Do these services exist without taxes?

  • @stephenday4834

    @stephenday4834

    12 күн бұрын

    No. But don't need police in a community where everyone knows each other.

  • @ommanipadmehung3014

    @ommanipadmehung3014

    12 күн бұрын

    @@stephenday4834 you would hope so but who knows what kinds of people will show up in the future after this video

  • @unclefester6501
    @unclefester650115 күн бұрын

    Might as well go to a low security prison, it might have better wearher.

  • @basspig
    @basspig15 күн бұрын

    As a retired senior citizen the only tax that concerns me is property tax.

  • @LeoInterHyenaem
    @LeoInterHyenaem15 күн бұрын

    In contrast to Monaco, Malta, St. Kitts & Nevis, Vanuatu, etc. Sark has NO taxes whatsoever! Except, of course, the property tax! And, yeah, the bicycle tax!

  • @stephenday4834

    @stephenday4834

    12 күн бұрын

    And the yearly wealth tax.

  • @gall6336

    @gall6336

    10 күн бұрын

    No yearly property tax or wealth tax. Zero taxes

  • @reneeemigree9004
    @reneeemigree900415 күн бұрын

    What? No taxes at all - wow - hidden spot, the little aisles off of the UK, thanks

  • @marinescucandrei
    @marinescucandrei11 күн бұрын

    If you pay tax on your property then you don't really own it. And it's also huge . There are still places in Eastern Europe where property tax is really really small, not for long probably.

  • @newforestpony9567
    @newforestpony956712 күн бұрын

    This video is VERY misleading, I lived in the channel islands for several years, so here's some vital additional information for those considering moving to Sark. First, the 2 tier housing system: for LOCAL market housing, you have to fulfil strict key worker criteria who's permit is a maximum of 3 years with no renewal, no job = no right to live there; for OPEN market housing, good luck with finding one and the millionaire price tag. Second, the only transport is a ferry that runs alternate weekends, is frequently cancelled due to sea fog or storms and is booked with tourists. Third, there's limited services for example: there is one GP/family doctor so for hospital you have travel to Guernsey; there's no high school so Sark students board in Guernsey; there's poor internet, which goes down every time a cruise ship turns up in Guernsey; in prolonged inclement weather goods like pharmaceuticals end up in short supply and good luck with Amazon delivery. Fourth, living costs are high: food is 40% higher than the UK; off island travel is expensive; there's no sewers so you have to pay for your cess pit to be emptied; medical care is private; income tax is 10% and house purchase has a hefty stamp duty. And finally, if you're planning on employing local people in your business, there's a total population of 500 people, even less of working age, most of whom are seasonal workers or temporary key workers already employed with the right permits living in the VERY limited housing supply.

  • @philip8448

    @philip8448

    9 күн бұрын

    So much false information in this post.

  • @jimmcneal5292

    @jimmcneal5292

    3 күн бұрын

    ​@@philip8448 please elaborate

  • @iamkamsai
    @iamkamsai15 күн бұрын

    theres always some trade-off with these places, saying zero tax is how they get you in, but lets be honest its never really zero, you will pay something somewhere, always read the fine print 😂

  • @Mpg972

    @Mpg972

    12 күн бұрын

    Product taxes I imagine as they probably produce nothing

  • @ChristophFluriHeckenbuecker
    @ChristophFluriHeckenbuecker15 күн бұрын

    Wonder if the serve Oysters! Must be pretty good there :-) At least one thing to do there

  • @codydabest
    @codydabest13 күн бұрын

    Sark real estate market 📈

  • @stephenday4834

    @stephenday4834

    12 күн бұрын

    Have you looked? I did. You make a firm offer then after 3 months you give up out of frustration. The whole property market is maybe 5 or 6 places for sale, half under oppressive leaseholds. Everything moves slower than snail pace. Plus the place has no transport and lacks the infrastructure mainlanders take for granted, like water mains and sewage.

  • @artexpert862
    @artexpert86211 күн бұрын

    No real estate available , nothing ; only solution is to rent a place for your boat in the harbor

  • @Escape_The_Mundane
    @Escape_The_Mundane15 күн бұрын

    Holas amigos, franc comprehende espanol?

  • @sirrandolphnettleby3114
    @sirrandolphnettleby311415 күн бұрын

    Used to be called THE SARK LARK.

  • @razvanvalcaneantu
    @razvanvalcaneantu15 күн бұрын

    What about Zug canton?

  • @plizak

    @plizak

    15 күн бұрын

    What makes you ask about Zug?

  • @ay5960
    @ay596015 күн бұрын

    Is there a good internet connection? if so sounds like the heaven.

  • @proudgrandma138
    @proudgrandma13813 күн бұрын

    I would think (Tommy Hilfiger's) Victor Hugo would be bored in Sark. 😂

  • @user-im7rk8bj4v
    @user-im7rk8bj4v4 күн бұрын

    The Sark Estate Agent's website has already broken down 😮

  • @tomj528
    @tomj52815 күн бұрын

    That seems like a lot of trouble. Here in the U.S. we pay a little under $3,000 for property taxes, sales taxes and gasoline tax combined. Nothing for income tax, nothing for long term capital gains/qualified dividends and thanks to forward thinking tax planning, nothing in the future either. I have no need for business, other than whatever monkey business I feel like getting up to and since our need of spending is low, building wealth completely tax free is an easy affair.

  • @liquid_metal

    @liquid_metal

    14 күн бұрын

    You pay Federal taxes then.

  • @tomj528

    @tomj528

    14 күн бұрын

    @@liquid_metal Not a penny for federal nor state.

  • @liquid_metal

    @liquid_metal

    14 күн бұрын

    @@tomj528 how is that possible? I guess you have 0 taxable income?

  • @tomj528

    @tomj528

    14 күн бұрын

    @@liquid_metal My personal record is $88K of gross income with no taxes when I sold a residential lot. Otherwise how I do it is to maximize the form 8880 retirement saver's credit which bumps my tax free zone up from the standard deduction. Additionally I'm working a long term tax plan with a good sized Roth conversions each and every year. The thing to realize is that the type of income matters more than anything else. Social security is only partially taxed depending upon your provisional (other) income and only up to 85% is taxable. If you keep yourself in the 12% tax bracket long term capital gains/qualified dividends have a 0% tax rate.

  • @Wizerud

    @Wizerud

    13 күн бұрын

    No worries, they don’t want or need you there anyway 😏

  • @rrk8707
    @rrk870711 күн бұрын

    People could also go to Guernsey or Andorra for Cheap or no taxes.... 👀🤷🏼‍♂️

  • @roddychristodoulou9111
    @roddychristodoulou911111 күн бұрын

    As soon as I heard Sark I thought nah I'd rather pay my taxes .

  • @MultiMojo
    @MultiMojo15 күн бұрын

    Those 2 residents of Sark are going to become rich very soon working as paper employees for some offshore corporation

  • @shunter8888

    @shunter8888

    13 күн бұрын

    Google "Sark Lark" - they did that 20 to 30 years ago. Went OTT & got bust by USA. Some Sark people ended up in prison. All officials here in the government are now automatically labelled as "Politically Exposed People" PEP's by the banks & OECD etc. Because of the Sark Lark, Guernsey also monitors Sark closely. And Sark Residents not allowed to be an officer of more than 5(?) entities (anywhere in the world ? Have to check that technicality?)..... If you are, you're legally obliged to register with Guernsey as a financial officer/agent & are governed by their AML processes. It's not as simple & laissez faire in Sark as some people like to suggest.

  • @user-uw8wp8zw3y
    @user-uw8wp8zw3y14 күн бұрын

    No tax means no police funding, means you go there, knock the Sark Lord out of his throne and do whatever you like and create your own rules.

  • @jayfreechavez0000
    @jayfreechavez000013 күн бұрын

    Wow, island for introverts ❤

  • @duncanharvey6245
    @duncanharvey62459 күн бұрын

    The channel Islands do not form part of the British Isles mate.

  • @armandopaolini4903
    @armandopaolini490315 күн бұрын

    What is the cost of living?

  • @user-im7rk8bj4v

    @user-im7rk8bj4v

    13 күн бұрын

    Most of it is housing costs, look at the local estate agent. Electricity and medical services (in Guernsey) also pretty expensive