With a QROPS, you are charged the taxes and regulated by the pension investment restrictions of the country where the QROPS is registered. If it is registered in a country with lower taxes, and more suitable restrictions than those of the UK, you will benefit.
To be eligible to apply for a QROPS, you must have tax residency outside the UK. However, the QROPS does not have to be registered in the same country where you hold tax residence.
It should take about two to three months to transfer your pension to an approved QROPS Scheme.
Whatever amount remains within your QROPS at the time of your death, will be passed along to your nominated beneficiaries. UK “death” taxes can be as high as 100% upon death of pension holders and spouse, leaving nothing for other beneficiaries (children and grand-children.