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My uncle did this in retirement. Dual citizenship US - Italy. Moving to southern Italy village of less than 20k population means 7% flat tax for 10 years. He’s probably saving 100k per year in taxes. Which pays a lot toward a nice villa, a sailboat, dinners out, and travel money.
I don’t know all the details (yet). I also have US/Italian/EU citizenship, so it’s something I thing about. I think about living in a sailboat in the Mediterranean often.
It’s all very interesting. Your method is even more intriguing.
Have any good resources in the topic you can share?
For what it's worth, I haven't paid more than ~1% effective tax rate in years. This past year I owed like $50 total.. For the whole year. Something like 0.03% of my actual income.
If you want to stay stationary, 7% is pretty decent but you can do better bouncing around.
I’d really love to see some starting point information I can digest on this subject. If you have any please share.