List of Residencies obtainable without living in the country?
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I will publish all the non sensible info here: https://www.offshorecorptalk.com/threads/russia-residence-my-journey.46303/
If one day I have the time and will I will incorporate all this and more into a life coaching program 😉
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I believe China doesn't tax (foreign?) income of non-Chinese citizens for the first X years? And the clock resets once you travel out of the country for a couple of months? Something like that?
They do not care. But if you are domiciled there, you should pay tax on world-wide income.
https://internationalservices.hsbc....s/docs/reports/tax-guides/china_tax_guide.pdf
https://internationalservices.hsbc....s/docs/reports/tax-guides/china_tax_guide.pdf
Exactly. Six years. And the clock resets if you travel outside of China for just 30 days. It's a pretty nice system.
how about Uruguay?
allegedly 530k USD purchase of a property and 2 months per year spent there makes one a tax resident
make it 2.3M USD investment there is no requirement of minimum stay
0% tax for first 10 years on foreign income remitted to Uruguay or 7% for life
I ignored this country for many years because of the climate being too cold however as a summer base it seems appealing
3-5 years to citizenship
allegedly 530k USD purchase of a property and 2 months per year spent there makes one a tax resident
make it 2.3M USD investment there is no requirement of minimum stay
0% tax for first 10 years on foreign income remitted to Uruguay or 7% for life
I ignored this country for many years because of the climate being too cold however as a summer base it seems appealing
3-5 years to citizenship
Good solution for american brethens.
one caveat is its just very remote and far away if youre basically focused on eurasia/africa.
one caveat is its just very remote and far away if youre basically focused on eurasia/africa.
The forum is very Europe focussed. Not many US as options are very limited unless you give up your citizenship. China is a place of its own and they are traditionally very well organised and any loophole is immediately shared somewhere in Chinese.
But what I meant was that the 30 days outside China rule only applies to non-domiciled persons. If you are domiciled in China (hukou), you need to pay tax in any case. The hukou is similar to the residence registration in Europe and also︀ comes with similar tax liabilities.
But what I meant was that the 30 days outside China rule only applies to non-domiciled persons. If you are domiciled in China (hukou), you need to pay tax in any case. The hukou is similar to the residence registration in Europe and also︀ comes with similar tax liabilities.
Not as far as I know.
https://www.expatden.com/china/personal-income-tax-in-china-for-expats/
https://www.china-briefing.com/doin...for-foreign-individuals-a-comprehensive-guide
https://www.scmp.com/economy/china-...xpat-tax-system-who-pays-and-how-does-it-work
I know someone who lives in China and he said expats basically don't︆ pay tax. I guess unless they are paid by their employer's Chinese office.
https://www.expatden.com/china/personal-income-tax-in-china-for-expats/
https://www.china-briefing.com/doin...for-foreign-individuals-a-comprehensive-guide
https://www.scmp.com/economy/china-...xpat-tax-system-who-pays-and-how-does-it-work
I know someone who lives in China and he said expats basically don't︆ pay tax. I guess unless they are paid by their employer's Chinese office.
Yes if they are paid from overseas. Same is for business income of Chinese nationals, most of the income is tax-free. In the end what really is taxed is
https://taxsummaries.pwc.com/peoples-republic-of-china/individual/residence
- employment income from Chinese companies
- business income from foreigners in China
https://taxsummaries.pwc.com/peoples-republic-of-china/individual/residence
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