Easy territorial or zero tax residency without presence requirements
- Thread starter Roo
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+2.65% social tax
Where are you getting this from?
As far as I know from CRS, an individual entrepreneur account is equal to an individual account, and:
Any individual that opens an account needs to provide a self-certification which establishes where the individual is resident for tax purposes. If the self-certification establishes that the Account Holder is resident for tax purposes in︀ a Reportable Jurisdiction, then, the Reporting Financial Institution must treat the account as a Reportable︁ Account.
Where are you getting this from?
As far as I know from CRS, an individual entrepreneur account is equal to an individual account, and:
Any individual that opens an account needs to provide a self-certification which establishes where the individual is resident for tax purposes. If the self-certification establishes that the Account Holder is resident for tax purposes in︀ a Reportable Jurisdiction, then, the Reporting Financial Institution must treat the account as a Reportable︁ Account.
1. if you get UAE tax residence certificate after staying 90 days, do you have to get that every year?
2. If you spend in your home country more than 6 months, aren't they still going to demand taxes from you, regardless of your UAE certificate?
2. If you spend in your home country more than 6 months, aren't they still going to demand taxes from you, regardless of your UAE certificate?
Easy solution:
Get a yearly business visa in Laos or Cambodia, (or even both!) about $500 each.
Zero tax if you keep low profile. No CRS.
Get a yearly business visa in Laos or Cambodia, (or even both!) about $500 each.
Zero tax if you keep low profile. No CRS.
yes, we had that topic here. A tax residence cert is not a magic card and infact more often than not useless (this depends entirely on your unique personal situation tho, there are cases where its badly needed while for others its totally obsolete).
do you have agents/contacts for these?
do you have agents/contacts for these?
Yes, there are many agents locally for that. Just pay them, wait 7 days, and you'll have the visa in the passport. They can even provide sufficient documentation regarding 'your business' for $20 extra.
After you got your business visa, you can open banks accounts (with Visa/Mastercard/UnionPay debit card, SWIFT transfers via app, transfers directly to foreign VISA card), open business, etc.
If you donate enough, you can even get citizenship and passport.
There is so much Chinese black money being washed there, that︁ the six figures aren't anything worth of mentioning.
Over 60 different commercial banks, 9 specialized︂ banks, and 87 microfinance institutions, they are there for a 'good reason'.
https://www.phnompenhpost.com/business/banks-record-new-growth-regardless-of-global-issues
First hand︃ experience: they haven't done anything regarding the P2P transfers to my account, and I have︄ deposited $50000 in cash without any questions asked.
BTW, nothing stops you from opening an︅ account at all that 60 banks if you are paranoid, and even cashing out a︆ million USD would be just $16000 per bank.
Keeping low profile︉ is always good ;-)
You can talk with the bank, they have specialists for high︊ worth clients.
They aren't like western bankers, they treat you like a customer and are︋ there to help you.
I got bank employees to do wonders for me. 🙂
After you got your business visa, you can open banks accounts (with Visa/Mastercard/UnionPay debit card, SWIFT transfers via app, transfers directly to foreign VISA card), open business, etc.
If you donate enough, you can even get citizenship and passport.
There is so much Chinese black money being washed there, that︁ the six figures aren't anything worth of mentioning.
Over 60 different commercial banks, 9 specialized︂ banks, and 87 microfinance institutions, they are there for a 'good reason'.
https://www.phnompenhpost.com/business/banks-record-new-growth-regardless-of-global-issues
First hand︃ experience: they haven't done anything regarding the P2P transfers to my account, and I have︄ deposited $50000 in cash without any questions asked.
BTW, nothing stops you from opening an︅ account at all that 60 banks if you are paranoid, and even cashing out a︆ million USD would be just $16000 per bank.
Keeping low profile︉ is always good ;-)
You can talk with the bank, they have specialists for high︊ worth clients.
They aren't like western bankers, they treat you like a customer and are︋ there to help you.
I got bank employees to do wonders for me. 🙂
This man knows Cambodia! 😉
PS. Better hurry︈ up, though...once these things are in the open, the "proselytizers of democracy and freedom" will︉ make sure their "slaves" are NOT afforded ANY "extra freedom" by attacking the country's sovereignty!︊ stupi#21
PS. Better hurry︈ up, though...once these things are in the open, the "proselytizers of democracy and freedom" will︉ make sure their "slaves" are NOT afforded ANY "extra freedom" by attacking the country's sovereignty!︊ stupi#21
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