Freedom. That’s the word we value the most in Nomad Capitalist. Freedom to live a life as you want and especially where you want.
Looking for a better and brighter future is in our DNA. Go where you’re treated best. That’s what we always say to our clients.
Therefore, if you’re living in the U.S., Canada, or Australia and dreaming of life in Europe, we can totally get it.
But when Europe has such a great abundance of wonderful countries, how can you make the right choice?
Where should you settle down? In northern Europe? Western Europe? Or should you give a preference to the south or east instead?
To make your life slightly easier, in Nomad Capitalist, we compiled a list of the top 5 European countries with a high quality of life. These are the best countries where you can feel safe and live a glamorous life to the max, just like we love it.
There are various indicators to analyze when it comes to quality of life. But to create a holistic and comprehensive ranking that will be useful for you, we decided to focus on factors like economic stability, safety, political stability, tax policies, and life index.
So, if you’re asking yourself which European country should I move to, the answer is in this article. Take your cup of coffee, and let’s dive in!
What Are the Best Quality of Life Countries in Europe?
Europe has always been a desired destination for people all around the world. And for a good reason.
It’s rich in history and culture but at the same time is incredibly modern and developed.
Stunning sceneries, numerous UNESCO World Heritage sites, visa-free traveling, and a high standard of living. All that sounds very appealing.
But we know that for you, as a high-net-worth individual, there are other factors that impact your decision to move.
Is this country safe? Can your nomad family feel secure? Can you be sure that your business keeps growing? And, most importantly, can you feel free?
Taking into consideration your concerns, here is the list of the best countries to live in Europe that would wind down all of your worries.
Let’s start with Switzerland. It’s one of the best countries, and it’s not the first time we have mentioned it.
Switzerland is an excellent destination if you’re looking for a peaceful country where you can calmly enjoy your life without worrying about your taxes.
According to the OECD Better Life Index, Switzerland performs well in many dimensions compared to other countries. Switzerland has the highest purchasing power index of all countries in 2022 at 118.44. People have high life satisfaction, which results in higher life expectancy. Residents are happy about their quality of life, health care system, and the job market.
From the taxes perspective, it is a great destination for relocation. Taxes in Switzerland are beneficial for wealthy individuals, Swiss banks are safe, and the corruption level in the country is low.
We can say that political and economic environments are risk-free. And as Switzerland is one of the safest low tax countries in the world, you can be sure that your family and welfare are safe too.
Besides taxes, Switzerland is also one of the most crypto-friendly countries in the world!
Getting Swiss citizenship can be quite challenging and may take up to twelve years unless you get citizenship by marriage. But if you have more than $10 million, Switzerland can offer you a flat-income tax. You just pay the annual fee and enjoy your life.
Sweden is one of the best European countries to live in. And, according to the World Happiness report, one of the happiest ones.
Sweden is a perfect destination for you if you are keen on Nordic minimalism, sustainability, and connection to nature. The country is politically stable, has one of the best health systems in Europe, and strives to reach income equality. Also, its public education system has a superb international reputation.
From a political standpoint, Sweden is transparent and doesn’t tolerate corruption, which makes it one of the least corrupt countries in the world. And as we all know, that’s a crucial factor for businesses.
If you’re a wealthy individual, moving to Sweden will grant plenty of opportunities for you, your family, and your business.
Swedish citizenship would allow you to greatly benefit from international taxation laws, travel without a visa, and enjoy your personal freedom.
According to Nomad Passport Index, the Swedish passport is the second-best in the world.
The first thing that comes to our mind when we think about Germany is stability. Political, financial, economic. And as a leading European power with one of the highest standards of living in the world, Germany deserves to be on our list.
Germany has a reputation for being extremely bureaucratic. But despite all the paperwork, the country functions efficiently, giving its citizens confidence in the future. The public health system is free. So is education.
Famous worldwide for its engineering, machinery, and chemical industry, the German economy remains one of the strongest in the world.
Oktoberfest, UNESCO World Heritage Sites, unbelievable castles on the top of the hill. Germany has an abundance of travel destinations that you could freely explore.
Germany is an important business magnet for foreign investors and entrepreneurs. Yes, the bureaucracy is a nightmare. But the stable legal environment compensates for all the paperwork and can be appealing for high-net-worth individuals like you.
Even high taxes don’t stop entrepreneurs from investing, especially in cryptocurrency. In the past years, Germany put a lot of effort into creating a solid environment and has become one of the most crypto-friendly countries in the world.
If you have already visited Germany and decided that this is the place where you want to stay, we have good news for you. You can obtain German citizenship by descent or apply for a famous freelance visa.
The latter one is especially appealing because it serves as a temporary residence permit. This means you can travel as much as you wish around the Schengen area and eventually get a temporary residency.
Are you looking for a country that perfectly combines a buzzing lifestyle with peaceful nature and has a high quality of life? Then Denmark could be your number one choice.
In Denmark, everything is about hygge. This word translates as coziness, meaning that you should cherish little things in life. Guess that’s why life in Denmark is relaxed and balanced. And people are the most satisfied on earth.
Even though citizens are obliged to pay high taxes, they also greatly benefit from various public services like the free public education system and a universal health system, granting its citizens free health care. On a global scale, Denmark is also one of the safest countries.
Denmark can be pricey and have high taxes, but it has plenty of business opportunities too. First, it’s a great place for offshore banking.
Second, you can do networking without worrying about the language barrier. Denmark is among the top English-speaking countries. So, don’t worry about being misunderstood.
And as in many other Nordic countries, Denmark is also famous for its low level of corruption. According to the corruption index, it’s leading the chart.
The main pitfall is that getting citizenship in Denmark is not easy. But if your goal is to settle down in Denmark, you can always apply for dual citizenship.
5. The Netherlands
Endless fields of colorful tulips, harmonious sceneries, and lovely canals of Amsterdam where you can peacefully ride a bicycle. That’s probably what you imagine when somebody mentions the Netherlands. But did you know that it’s way more than just a beautiful country?
According to the OECD world report, the Netherlands has a high quality of life and is a wonderful place to live in Europe. The country is incredibly tolerant and actively promotes human rights. The law prohibits discrimination in the country, enabling people to freely express themselves or their beliefs.
Cohesion is something that Dutch people value the most, putting all of themself to make expats feel at home. With the welcoming culture they have, you will never feel alone.
In the Netherlands, you can find the long-searched feeling of tranquility. But if your goal is to live a buzzing life, there are endless opportunities to do so.
The business climate in the Netherlands is great. A stable country is exactly what entrepreneurs look for in a fast-paced world. And the Netherlands proved to serve this goal.
Its excellent location and access to Western Europe are especially appealing to investors who are interested in expanding their business connections. Yes, the taxes are pretty high. But the Dutch tax system has many benefits for entrepreneurs.
How Can I Move to Europe?
Being a European citizen is like opening the door to an entirely new world that can make your life more comfortable and diverse.
Life in Europe can be unruffled and peaceful. But if you prefer a more dynamic environment, there are plenty of places where you can enjoy a vibrant lifestyle.
Moving to another country is never easy. But when you are a high-net-worth individual, making the right decision gets even more complicated. You have to keep in mind everything.
What is the best way to pay taxes? How can I get the residency without losing my mind? Will I be able to make my family happy?
Sounds familiar? Well, if you’re planning to settle in Europe and these questions keep rolling in your head, let us help you. Get in touch with us, and we’ll find the best solution for you.