Hello,
I need an offshore structure for trading. First I will give you some information about me and then I will explain my problem and possible solutions. Any input is welcome.
My tax residence is in Asia and the business structure is already clear. In my country of residence (Thailand) I can have tax free foreign income. I am only not allowed to bring the money to Thailand in the same year I was earning it, but thats not a problem. Only problem here is a 15% capital gains tax. So if I want to invet my funds I would need to tax my money here. Another problem is withholding tax from the stocks I want to trade. As far as I understand an easy solution for this would be only to trade for example CFD as those are only contracts and not stocks of companies. Therefore withholding tax would not apply and in case of residence of a country that does not tax capital gains, that would be completely free.
As I don´t like to pay anything to the mafia politicians here in Thailand or to some other nations I don´t reside in, I need an additional trading structure to complete my setup.
Here in Thailand capital gains of companies are treated the same way like company profit. Therefore if I have another offshore company to send the money to from my Transferwise or traditional bank account, then those capital gains would also be tax free here in Thailand.
My problem here is this:
I don´t trust an EMI to hold tens of thousands of Euros over a prolonged period of time. So I would need a jurisdiction where I can register a trading company and I would need a solid brokerage service for the company. Problem here is if I register a company in say for example Seychelles or Belize, it would be impossible to aquire a trusted brokerage service for them. In other jurisdictions I think there would be lots of bureaucracy to register a company like that. I think you should see the dilemma.
This would be easier if I would live in a country like Cyprus, because there are no capital gains. There I could just open a normal brokerage account of a big company somewhere in Europe, but that is not possible for me right now. So it is not possible to move my tax residence as of right now.
I would need a jurisdiction to register the company and a solid service to use for trading and holding my funds.
Any input is welcome.
Thanks and best regards.
Last edited: Feb 29, 2020
I need an offshore structure for trading. First I will give you some information about me and then I will explain my problem and possible solutions. Any input is welcome.
My tax residence is in Asia and the business structure is already clear. In my country of residence (Thailand) I can have tax free foreign income. I am only not allowed to bring the money to Thailand in the same year I was earning it, but thats not a problem. Only problem here is a 15% capital gains tax. So if I want to invet my funds I would need to tax my money here. Another problem is withholding tax from the stocks I want to trade. As far as I understand an easy solution for this would be only to trade for example CFD as those are only contracts and not stocks of companies. Therefore withholding tax would not apply and in case of residence of a country that does not tax capital gains, that would be completely free.
As I don´t like to pay anything to the mafia politicians here in Thailand or to some other nations I don´t reside in, I need an additional trading structure to complete my setup.
Here in Thailand capital gains of companies are treated the same way like company profit. Therefore if I have another offshore company to send the money to from my Transferwise or traditional bank account, then those capital gains would also be tax free here in Thailand.
My problem here is this:
I don´t trust an EMI to hold tens of thousands of Euros over a prolonged period of time. So I would need a jurisdiction where I can register a trading company and I would need a solid brokerage service for the company. Problem here is if I register a company in say for example Seychelles or Belize, it would be impossible to aquire a trusted brokerage service for them. In other jurisdictions I think there would be lots of bureaucracy to register a company like that. I think you should see the dilemma.
This would be easier if I would live in a country like Cyprus, because there are no capital gains. There I could just open a normal brokerage account of a big company somewhere in Europe, but that is not possible for me right now. So it is not possible to move my tax residence as of right now.
I would need a jurisdiction to register the company and a solid service to use for trading and holding my funds.
Any input is welcome.
Thanks and best regards.
Last edited: Feb 29, 2020
