Tax glossary

Center of economic interests is one of the criteria used by the Spanish Tax Agency to declare someone a Spanish tax resident, even if they s…

Double-taxation treaty (DTT) is a bilateral treaty between two countries to prevent the same income from being taxed twice (in the source co…

Last updated: 2026-05-16 Exit tax is the tax on unrealized capital gains when a Spanish tax resident loses Spanish residency. Regulated in A…

Freelance Permit is the UAE self-employed work license that allows individual professionals to bill local and international clients without …

Friendly Nations Visa (FNV) is Panama's permanent residency program for nationals of about 50 "friendly" countries, including Spain, most of…

Last updated: 2026-05-16 IFICI (*Tax Incentive for Scientific Research and Innovation*) is the Portuguese tax regime introduced by Decree-La…

LTR Visa (Long-Term Resident Visa) is Thailand's long-stay visa program launched in 2022 by the BOI (Board of Investment), with 10-year rene…

Last updated: 2026-05-16 Modelo 720 is the annual informational return on foreign-situated assets and rights that Spanish tax residents must…

Modelo 721 is the informational return for foreign-custodied crypto assets introduced in 2024 by the Spanish Tax Agency. Spanish tax residen…

Last updated: 2026-05-16 NHR (Non-Habitual Resident) was Portugal's flagship tax regime between 2009 and 2023 for nomads, European retirees …

Non-domiciled (informally *non-dom*) is the tax status of someone who is resident in a country but not domiciled (in legal sense: not born t…

Last updated: 2026-05-16 Beckham regime (formally *Special regime for displaced workers*) is Spain's Art. 93 LIRPF system that allows impatr…

Remittance basis is the taxation system whereby a resident only pays tax on foreign income actually brought (remitted) to the country where …

Tax residency is the legal status that determines where you tax your worldwide income. Each country defines its criteria; Spain uses Art. 9 …

Virtual Zone is Georgia's special tax regime that exempts 100% of corporate tax for Georgian companies providing IT services to clients outs…