10M.+ optimization tax residency when you have 3/4 bases.

[Wellington]

Well in this case, i would hazard a guess, not locals, most if not all cases have been non-locals, in my case specifically an American that 'is greedy' and has no morals (hence we removed him from the company previously).

As for danger level, quite high if he gets desperate, people look for methods of attacks, others just use a blunt object.

 

[daniels27]

And you go in and your there with your kids?

 

[MementoMori999]

It's a shame, it seems they've changed it in April 2023 so you need $500k USD worth of assets/property IN Georgia now, no matter which route you take (high net wealth or high income).

I was looking at it as a paper residency at a minimum (for banks) and possibly more (cash out before retiring back in my home Western country).

I'm sure applications for this program have dropped by 99%. Hopefully they re-consider it.

 

[JackAlabama]

why cant you use it as paper residency for banks without that one? They do have other easier options.

 

[MementoMori999]

Well, originally it’s because I wanted to avoid the 183 days there.

But now I’m thinking I wouldn’t even have to do that as long as I have that paperwork, right?

And this would be the same for practically any country?

 

[JackAlabama]

yeah, unless you have a gestapo bank asking for tax things. Maybe others have such banks (i dont as of now).

 

[MementoMori999]

As a matter of fact, Wise is asking me about that right now.

From what I understand it’s kind of rare (and would also mean that account is probably done for).

I’ve talked about this in this thread, if you had any thoughts, I would like to hear them.

 

[Wellington]

Me?

I live here, my kids are multi-national (including the nation).