10% is a gross exaggeration, though. Romania has lower salaries than Poland, as far as I know, and in Romania as a senior engineer in a decent company you can get a total <<net>> compensation of €3.5k - €4k per month, that would be ~$4k - $4.8k per month, so ~$48k - ~58k. Again, net. And probably more since there are companies that give you RSUs/ESPPs, so you can go along for the ride. Not as many as in the US, obviously, but a decent chunk. So you could even push towards something like $70k.

I think even at the biggest FAANGS in the US, you total <<net>> compensation as a senior engineer will be $250k-$300k, leaving the ratio somewhere around 4-5x (and this is for a super limited set of companies and positions; I'd imagine that the average ratio would be closer to 2-3x).

And don't forget that local living expenses are minimal. You'd get to keep maybe even 90% of your salary.

You can work remotely for UK fintechs. They secure round after round and offer share options.

The whole schema was architected for that.

I'm all for progressive taxes, but fuck system where Comarch CEO pays fraction of my tax percentage.

I'm not doing it tho, 15% ryczałt (lump sum?) is low enough to not care, and ipbox seems like tax trap. I'm not paying money to villains like Memcen to lower my taxes.

> So you have to find a job and a house in Cyprus

I think Eric Schmidt can afford that

> you know that you pay taxes on the country you live & work in

Yes, I know this. I live abroad.

Yes, every country has taxes. The tax rates are not the same. Additionally, countries like Singapore have zero capital gains tax. Executives can just take a symbolic job and pay themselves a symbolic salary, but they're not getting rich off their salaries

Ehm, you can travel to all of EU, the only thing that changes is you stand on a different line in the airport

> you'll have to stay on the tiny 9,251 Square Kilometers

No you won't, you'll just have to pass a border control whenever you leave or re-enter the country. That's hardly a huge hindrance, unless you're wanted.

> Well, you know that you pay taxes on the country you live & work in ? So you have to find a job and a house in Cyprus.

Remote work? Or own a foreign company and pay yourself in dividends? These are extremely common cases.

> And on top of that, Cyprus is one of the few european countries that are not yet in the Schengen area. So you'll have to stay on the tiny 9,251 Square Kilometers.

That's not how Schengen works: Schengen is about being able to freely travel in the Schengen area without having to even show your passport / national ID card. For example I regularly cross borders, by car, between Belgium, France, Spain, Monaco and Andorra (Monaco is Schengen while Andorra, wonderful place on earth btw, is not, but Andorra has got agreements for free travel with France and Spain anyway) and I've never been asked my ID once. Heck, lately I've always been doing my PCR tests, as officially required due to the sars-cov-2 restrictions, and although it's mandatory to cross borders I've never been asked to show them.

A passport from Cyprus allows you to travel, without the need for a visa, to most countries in the world if I'm not mistaken. The thing is: because Cyprus is an island you'll very often be flying to/from there and you'll have to show your passport. But you're definitely not stuck on the island.

> It's no different than ireland (same % taxation), are they both tax havens?

Any country can be a tax haven if you're not already living there and rich enough to negotiate special terms.

Greece and Cyprus offers citizenship-by-investment, and there are many ways wealthy people can 'invest' in the same way they do 'philanthropy'.