Best 1st world countries with low to zero income tax?
- Thread starter banafinfodafuggiano
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Go to Thailand, keep your money outside the country, and if you have a company, hire a director to manage it.
pay low rent
0% tax
awesome climate
I am not sure about hot girls, but is it possible to find some
safe
Asia
possible to get tax residency, I know some Canadians living in Thailand and enjoying it.
Lol you guys wrote 5 pages, but the solution was so simple.
pay low rent
0% tax
awesome climate
I am not sure about hot girls, but is it possible to find some
safe
Asia
possible to get tax residency, I know some Canadians living in Thailand and enjoying it.
Lol you guys wrote 5 pages, but the solution was so simple.
Obviously this only applies to new tax residents but yeah, that's what the law says.
Nope Controlled Foreign Company (CFC) Rules
Nope Controlled Foreign Company (CFC) Rules
Explain how San Marino is better than Caribbean islands. Unless you live in the ”˜60s and enjoy going down to Riccione.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
You do business in Europe and live tax efficient in continental Europe, not some island 15hours flights
It's not about 0% tax always. There are many islands you can have 0% tax, but most of them are far away shitholes with nothing to do there
Andorra , San Marino still better than Caribbean. Caribbean might be good if you do business in US
It's not about 0% tax always. There are many islands you can have 0% tax, but most of them are far away shitholes with nothing to do there
Andorra , San Marino still better than Caribbean. Caribbean might be good if you do business in US
San Marino is the definition of poo¤%&&hole smi(&%
What to do in San Marino according to the pro loco: Cosa vedere a San Marino
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Thanks for that!
So it seems that setting up a company in 0% tax place like BVI and tax residency in San Marino might bring personal tax below 10%.
Checking the link you provided to OECD, I see that also countries often mentioned on this forum don't have CFC rules, like Switzerland and UAE, whereas Cyprus is not mentioned at all. Seems strange as many people on here say it differently.
So it seems that setting up a company in 0% tax place like BVI and tax residency in San Marino might bring personal tax below 10%.
Checking the link you provided to OECD, I see that also countries often mentioned on this forum don't have CFC rules, like Switzerland and UAE, whereas Cyprus is not mentioned at all. Seems strange as many people on here say it differently.
I liked KL during my month there. I have compared Dubai, Bangkok, and KL by spending a month each in the 3 cities and KL is at top of my list followed by Dubai.
Year-round weather wise, KL lists on the top. Dubai winters are great, but about 5-6 months of scorching summer almost necessitates a need for a 2nd home base, which could get tiring. The lack of nature in Dubai was an issue because I love the outdoors/hiking etc. All 3 are major metros offering great shopping, dining, entertainment, etc. Bangkok was just too︀ crowded and the real estate was twice as expensive as KL.
I am still trying︁ to understand the tax implications though. Most people seem to get away with non-remitted income︂ not being taxed. Malaysian govt systems are generally not top-class, and they seem to lack︃ the resources to go after the expats' foreign income. But I think with CRS one︄ might want to plan their affairs better. I would love to hear others' opinions on︅ Malaysia taxation for expats with foreign income (remitted or otherwise).
How can one use Malaysia to︈ optimize taxes? Is forming a Labuan company advisable?
Year-round weather wise, KL lists on the top. Dubai winters are great, but about 5-6 months of scorching summer almost necessitates a need for a 2nd home base, which could get tiring. The lack of nature in Dubai was an issue because I love the outdoors/hiking etc. All 3 are major metros offering great shopping, dining, entertainment, etc. Bangkok was just too︀ crowded and the real estate was twice as expensive as KL.
I am still trying︁ to understand the tax implications though. Most people seem to get away with non-remitted income︂ not being taxed. Malaysian govt systems are generally not top-class, and they seem to lack︃ the resources to go after the expats' foreign income. But I think with CRS one︄ might want to plan their affairs better. I would love to hear others' opinions on︅ Malaysia taxation for expats with foreign income (remitted or otherwise).
How can one use Malaysia to︈ optimize taxes? Is forming a Labuan company advisable?
It's not humid lol. It's humid only in summer.
Traffic is manageable; it's mainly in Sukhumvit Lane (city center). There are highways, too, and you can use a bts or a bike taxi. Live in the city center, and you won't have to deal with traffic. Everything is within walking distance.
I know you can do the same in KL, but KL is humid the whole year around. I was waiting for a taxi to the Pavilion Mall for 30 minutes. Once he arrived,︀ I was swearing at KL city.
in KL, the traffic is way worse.
Traffic is manageable; it's mainly in Sukhumvit Lane (city center). There are highways, too, and you can use a bts or a bike taxi. Live in the city center, and you won't have to deal with traffic. Everything is within walking distance.
I know you can do the same in KL, but KL is humid the whole year around. I was waiting for a taxi to the Pavilion Mall for 30 minutes. Once he arrived,︀ I was swearing at KL city.
in KL, the traffic is way worse.
To each his own my friend. In my opinion, Bangkok over KL only if Adult Entertainment is important to you. It's not for me, so I was done with Bangkok in about a week.
Thailand for now at least has a clear 0% tax on non-remitted income. That's my biggest argument against Malaysia currently. I hope someone︀ knowledgeable and experienced shares some info on Malaysia taxation.
Thailand for now at least has a clear 0% tax on non-remitted income. That's my biggest argument against Malaysia currently. I hope someone︀ knowledgeable and experienced shares some info on Malaysia taxation.
KL sucks a lot, I don't really understand people moving there. It's a humid zoo with shopping malls and endless traffic.
There is a high chance that your friends will visit you in Bangkok, and the chance is close to zero that they will be in KL.
There is a high chance that your friends will visit you in Bangkok, and the chance is close to zero that they will be in KL.
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