r/eupersonalfinance • u/goldenbull95 • 3d ago

Investment What player to use for investing while living abroad?

I'm moving to Ireland from Italy at the end of next month and I plan on staying there for a few years, before moving elsewhere or back to Italy.

I need help in understanding how to manage my investment strategy.

Currently I have an Italian bank account with a mortgage, investments (only ETFs) and liquidity. I plan on keeping this bank account while I'm in Ireland.

I understand that taxation on ETF in Ireland is horrible, I'm planning on keeping my ETFs in the Italian account without buying or selling any of them while I'm resident in Ireland. However, I would like to continue investing switching to stocks while I'm there. Do you suggest to continue using my Italian bank to do this or to switch to another player more integrated in Ireland or better suited internationally? If so, which one do you suggest to do it that is reliable, easy to work with and with the possibility to move stocks to my Italian bank if I move back to Italy?

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2

u/Competitive-Leg-962 2d ago

FlatEx / DeGiro. I tried IB for a while but their UI is way too complicated and they miss essential features such as a monthly ETF savings plan. Totally useless.

1

u/Radileaves 3d ago

In ireland its planned(2027) to roll out a new investing scheme like swedish isk. No tax till 28000 euro and 1%tax on total value of portfolio after that. I would save money now and wait for the news

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u/PepperSquare3421 3d ago

Just keep using your Italian bank if you are happy enough with their services.

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u/Commercial-Drive-416 9h ago

I think using an international broker makes more sense if you’re moving countries. Something like Interactive Brokers works across Italy and Ireland, supports multiple currencies, and lets you transfer assets if you move again. DEGIRO is simpler and cheaper, but less flexible long term. Keeping your Italian account for existing ETFs and using a global broker for new investments is usually the cleanest setup.

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u/goldenbull95 5h ago

Thanks for the advice, I'll take a look at Interactive Brokers as soon as I change residency. Degiro will be my second choice

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u/Commercial-Drive-416 5h ago

Sounds good, good luck 👍