Tax Residency
The country where an individual is considered a resident for tax purposes.
Tax residency determines which country has the right to tax your worldwide income. Rules vary by country but typically consider factors like physical presence (e.g., 183-day rule), permanent home, center of vital interests, and habitual abode. Some countries use citizenship-based taxation (like the US), while others use residence-based systems. Establishing tax residency in a low-tax jurisdiction is a common tax planning strategy.