The Only Totally Tax-Free Place in Europe

Рет қаралды 166,301

Күн бұрын

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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 15 күн бұрын

Bro just single handedly overpopulated a whole island with one vid

@alanperez5438 15 күн бұрын

Yes! My friends and I are already planing this 😂

@stevefarrugia-dc7qt 15 күн бұрын

lol

@sarahcrowe4602 15 күн бұрын

🤣

@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 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 15 күн бұрын

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

@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 14 күн бұрын

bro did em bad

@newforestpony9567 12 күн бұрын

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

@newforestpony9567 12 күн бұрын

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

@LibertarianFacts 9 күн бұрын

Yes!

@madvillainy6845 15 күн бұрын

New goal unlocked 🔓: Lord of Sark

@ZMS777 15 күн бұрын

😂😂😂

@starvingbymidnight 15 күн бұрын

500 people population everyone incest! lol

@patrick1992 15 күн бұрын

Sark is super small you will not get happy

@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 15 күн бұрын

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

@philthompson2239 15 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 15 күн бұрын

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

@antiguaw.i.1977 15 күн бұрын

Something tells me I would fit right in 😂

@InvestgoldUK 15 күн бұрын

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

@tmac9938 15 күн бұрын

hilarious description. very british.

@lisarussell5762 15 күн бұрын

😂

@jqn8361 15 күн бұрын

Are you being sark-astic?

@austinpowers1999 15 күн бұрын

Jes, jes he is

@user-sd5cm9wf6p 15 күн бұрын

❤

@msjannd4 13 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 12 күн бұрын

Tax on bicycles? Get a TRICYCLE.

@InvestgoldUK 15 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 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 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 13 күн бұрын

always buy homes using a company structure.

@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 12 күн бұрын

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

@cassandradummer9261 15 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 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 12 күн бұрын

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

@reneket2295 15 күн бұрын

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

@newforestpony9567 12 күн бұрын

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

@yaegermeister4307 15 күн бұрын

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

@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 15 күн бұрын

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

@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 15 күн бұрын

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

@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 12 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 15 күн бұрын

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

@stevemyers2092 15 күн бұрын

i thought the Isle of Man

@elasticharmony 15 күн бұрын

Buried treasure or that famous billion pound note?

@user-vl6xt2rt7p 15 күн бұрын

The British royal family can exempt themselves from paying any tax

@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 15 күн бұрын

Reign I meant not rain

@Diego_A_Lozada 15 күн бұрын

This channel is a hidden gem.

@newforestpony9567 12 күн бұрын

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

@pierre-yveschauvet5136 14 сағат бұрын

@@newforestpony9567 Please tell us what sucks there.

@newforestpony9567 10 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 15 күн бұрын

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

@newforestpony9567 12 күн бұрын

Alderney is even smaller.

@kritikashekar8429 15 күн бұрын

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

@mattanderson6672 12 күн бұрын

Thank you Andrew, really interesting

@margyiphillips4931 15 күн бұрын

Thank you so much. This is gold!

@nomadcapitalist 15 күн бұрын

You're very welcome!

@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 15 күн бұрын

you got me at 'introvert' LOL

@coolrunnings5383 15 күн бұрын

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

@BrewmanCrypto 15 күн бұрын

Great video!!

@andreashedlund2757 15 күн бұрын

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

@mattpackwood6737 12 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 12 күн бұрын

Or 19% in Ukraine on your 2nd home

@Denver_____ 6 күн бұрын

Nice to know this

@keha3271 15 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 15 күн бұрын

You are wet behind the ears... LOL

@shunter8888 13 күн бұрын

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

@danielseddon3177 13 күн бұрын

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

@abdulrazakbendjema9778 15 күн бұрын

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

@leotravel85 15 күн бұрын

Real state too expensive

@SamiNami 15 күн бұрын

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

@felixtravelers 15 күн бұрын

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

@cnachopchopnewsagency 15 күн бұрын

Andorra practically still work under France thumb.

@abdulrazakbendjema9778 15 күн бұрын

@@SamiNami it's convenient for retirees

@theoneandonly100k 12 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 15 күн бұрын

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

@mmarch2978 14 күн бұрын

Zero percent to do makes Jersey look like Mecca.

@mlmpro_ 15 күн бұрын

The only problem is there is no houses available

@Orson2u 15 күн бұрын

Anyone remember Cutty-Sark?

@NdinehafoHakweenda 15 күн бұрын

I never heard of Sark,interesting

@JM-gu3tx 13 күн бұрын

Basic British geography.

@burn2406 15 күн бұрын

We move to Sark!

@sheikherder 10 күн бұрын

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

@XRP747E 13 күн бұрын

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

@greghayes9118 15 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 15 күн бұрын

Me my backpack, bicycle and 200,000 pounds.

@tombowman4489 15 күн бұрын

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

@AnonDa 15 күн бұрын

98%*

@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 14 күн бұрын

@@reneket2295yeah right, where?

@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 11 күн бұрын

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

@froufou100 15 күн бұрын

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

@MarinaLaroche 15 күн бұрын

Qu'est-ce que vous avez entendu dire ?

@froufou100 15 күн бұрын

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

@danh5637 6 күн бұрын

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

@jaylozier4083 15 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 15 күн бұрын

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

@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 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 15 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 12 күн бұрын

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

@urldroidsuperbot2139 15 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 15 күн бұрын

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

@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 15 күн бұрын

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

@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 10 күн бұрын

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

@Godsmustbecrazi3 15 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 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 15 күн бұрын

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

@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 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 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 15 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 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 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 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 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 12 күн бұрын

How much do you need in the bank initially?

@orionspur 15 күн бұрын

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

@hemantparakh6462 15 күн бұрын

ACCA Of Sark Radio License is my requirement

@MrPatvee 15 күн бұрын

How's the highspeed internet connection?

@Orson2u 15 күн бұрын

Think Starlink or Sat phone.

@rendezyt 15 күн бұрын

What about San-Marino as tax-friendly place?

@JM-gu3tx 13 күн бұрын

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

@iaprm 13 күн бұрын

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

@captflam5266 15 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 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 15 күн бұрын

Annual sheep racing is a great day out!

@ozmunky 15 күн бұрын

Fark! I'm going to Sark ...

@Evansteven244 15 күн бұрын

Sark island on-it thanks

@mrphillipthomas 15 күн бұрын

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

@JaredPaideia 15 күн бұрын

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

@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 10 күн бұрын

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

@videofrat3115 13 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 10 күн бұрын

So no deliveroo?

@ireviewdopesht7216 15 күн бұрын

Sark will be Ibiza by the time I get there 🤦

@olivierlesage7033 7 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 15 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 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 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 12 күн бұрын

You crashed the Sark estate agent website.

@jackbrown5184 15 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 15 күн бұрын

You had me at "introverts".

@mickeymichaels1298 14 күн бұрын

Lord of Sark sounds so Monty Pythonesque.

@mikewebber7553 12 күн бұрын

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

@inasl4551 11 күн бұрын

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

@zZnighthunterZz 15 күн бұрын

nice

@ricnyc2759 14 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 12 күн бұрын

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

@stephenday4834 12 күн бұрын

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

@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 15 күн бұрын

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

@basspig 15 күн бұрын

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

@LeoInterHyenaem 15 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 12 күн бұрын

And the yearly wealth tax.

@gall6336 10 күн бұрын

No yearly property tax or wealth tax. Zero taxes

@reneeemigree9004 15 күн бұрын

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

@marinescucandrei 11 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 12 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 9 күн бұрын

So much false information in this post.

@jimmcneal5292 3 күн бұрын

@@philip8448 please elaborate

@iamkamsai 15 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 12 күн бұрын

Product taxes I imagine as they probably produce nothing

@ChristophFluriHeckenbuecker 15 күн бұрын

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

@codydabest 13 күн бұрын

Sark real estate market 📈

@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 11 күн бұрын

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

@Escape_The_Mundane 15 күн бұрын

Holas amigos, franc comprehende espanol?

@sirrandolphnettleby3114 15 күн бұрын

Used to be called THE SARK LARK.

@razvanvalcaneantu 15 күн бұрын

What about Zug canton?

@plizak 15 күн бұрын

What makes you ask about Zug?

@ay5960 15 күн бұрын

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

@proudgrandma138 13 күн бұрын

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

@user-im7rk8bj4v 4 күн бұрын

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

@tomj528 15 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 15 күн бұрын

You pay Federal taxes then.

@tomj528 15 күн бұрын

@@liquid_metal Not a penny for federal nor state.

@liquid_metal 14 күн бұрын

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

@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 13 күн бұрын

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

@rrk8707 11 күн бұрын

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

@roddychristodoulou9111 12 күн бұрын

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

@MultiMojo 15 күн бұрын

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

@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.