Recent content by backpacker

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    Personal HK bank account

    It's at best "unwise" to bank in Hong Kong, considering the outcome of the most recent Taiwan elections. Signs are written on the wall for a new military conflict, and everybody who is on the wrong side of the conflict will bear the brunt. Wealthy Chinese are looking to escape; they have their...
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    Tax residency in Georgia while living in 2 European countries?

    Simply read this thread, from top to bottom.
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    Tax residency in Georgia while living in 2 European countries?

    This thread is a masterpiece of confusing people who are interested in this topic. @Don Please stop it. Wrong! Now go back to the page from where you source your "knowledge" and read it carefully from top to bottom! Last edited: Jan 6, 2024
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    Best 1st world countries with low to zero income tax?

    Unfortunately. As you can see in my earlier posts, I am partially active in Egypt. I was wondering about their statement, even though it does not affect me. It is a copy/paste advise and they did not amend the text for many years, despite the Ministry of Finance having issued a clarification...
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    Best 1st world countries with low to zero income tax?

    No, it's not. Check my earlier posts about Egypt. Unfortunately, PWC still publishes this as a 1:1 translation. Definition is different. Contact a tax lawyer in EG, or PWC themselves, and they will open your eyes. If we put taxes aside, Egypt is a top choice. You won't find any other country...
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    Best 1st world countries with low to zero income tax?

    The question of the OP: Your recommendation: Study the tax code of Egypt first before recommending the country in this context!
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    Tax residency in Georgia while living in 2 European countries?

    stupi#21
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    Does the new UAE CT applies to day tradings

    Read again the Reddit you posted! A conclusion can not be drawn from the Reddit post. Things are still too vague. Last edited: Dec 25, 2023
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    Singapore personal bank account introducer?

    "Universal bank " (i.e. UniBank) is a regulatory term. The Philippines has several different bank types, of which the largest ones are universal banks. A universal bank offers all the usual banking products, incl. investment products + is able to process your SWIFT in house. Other categories...
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    Singapore personal bank account introducer?

    For the amount in question, it doesn't make sense to bother with Singapore. You will be very well served in the Philippines, where your $50,000 will make you a Premier customer instantly. Look for "Unibanks" (universal banks).
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    Swiss banking is dead and buried

    THIS is valid for many countries in Southeast Asia, too.
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    Brokerage for HongKong stock

    Look at fees and make sure that you do not hold them in an Omnibus account. Don't touch them!
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    Swiss banking is dead and buried

    Real estate isn't safe either. Actually, it's even less safe, considering that one is exposed to a single location and it is easy to impose additional taxes on it (government overreach). There must be something better. Just, what can it be? Everything crypto is too volatile to be a SAFE...
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    Terabank Georgia

    Sounds horrible, considering the legal fees you already spent.
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    Terabank Georgia

    Are these two different cases?
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