Easy territorial or zero tax residency without presence requirements
- Thread starter Roo
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up to 184k USD per year tho. You go to Tbilisi, find a fixer near Justice Palace, open bank acc. But you will need to draft contracts as IT
+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 in a Reportable Jurisdiction, then, the Reporting Financial Institution must treat the account as a Reportable Account.
Last edited: Mar 20, 2024
Bulgaria doesn't have territorial taxation, just looked it up and found 'Bulgarian tax residents are taxed on their worldwide income' so not sure what you mean with Bulgaria.
Some countries don't even need 6 months to harass you! That's why it's wise to NOT register in any EU country, nor own a home in ANY of them. Definitely, stay CLEAR of your country of birth if it's the same as your passport!
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?
Last edited: Mar 26, 2024
what will bank do when six figures drop on your account? Freeze, steal or sell the info to local gangs?
then what does keeping low profile mean? And what happens if I don't?
Can I get an inbound payment from US/EU for a few hundred thousands from some company?
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, that the six figures aren't anything worth of mentioning.
Over 60 different commercial banks, 9 specialized 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 hand experience: they haven't done anything regarding the P2P transfers to my account, and I have deposited $50000 in cash without any questions asked.
BTW, nothing stops you from opening an account at all that 60 banks if you are paranoid, and even cashing out a million USD would be just $16000 per bank.
Keeping low profile is always good ;-)
You can talk with the bank, they have specialists for high worth clients.
They aren't like western bankers, they treat you like a customer and are there to help you.
I got bank employees to do wonders for me. 🙂
This man knows Cambodia! 😉
PS. Better hurry up, though...once these things are in the open, the "proselytizers of democracy and freedom" will make sure their "slaves" are NOT afforded ANY "extra freedom" by attacking the country's sovereignty! stupi#21
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