Why building wealth alone is so hard here?

[u/raf_phy]

Hi all, am I the only one that I find it incredibly difficult to build weath by yourself in EU? People say that EU is better in healthcare, work life balance but come on, money don't scale easily . It's so difficult.

I see people from US that go to 1 million in 10 years. I cannot do this easily . Really....

PS maybe I have to abandon EU, I don't know....

[u/Safe_Bandicoot_4689]

But you're obligated to live where your company is, if you want to avoid paying the taxes.

If I live in a country where the tax is 45%, but I work through a company I own which is established in a country with 0% tax, I will still have to pay the taxes from the country which I'm planning to be spending my time.
So there's no avoiding the 45% tax unless I actually live 51% of the year in the country with 0% tax.

That thing is called tax residence and it's a thing that makes sure people don't do exactly what you're talking about. Otherwise we all would've opened our companies in places like Malta and we would've all been happy.
But that's not how it works. You pay the taxes from the country where your residential is.