Recent content by TravelAfficionado

No, you don't.

I can believe you when you say that you're tax resident nowhere. This is possible for certain people, for example UK citizens can spend less than X days in the UK and be non-resident. However, I don't think Interactive Brokers will accept this claim to be be resident nowhere. They will expect...

If it's personal stock trading, then you just need UAE residence and it really doesn't matter how you get it. So you can go with any freezone. But actually you don't need a freezone company at all. You could get a freelance visa or remote work visa or property investor visa, etc.

They're probably asking you to confirm your details because they've detected you're now regularly logging in from a new country. Financial institutions expect you to be resident somewhere, so just become resident somewhere. What's stopping you from initiating tax residence in your new country...

I've visited Jersey a lot and largely agree with your pros & cons list. Also, the climate is fairly pleasant and it's good for water sports (motorboat, sailing, surfing, etc). But I often get a claustrophobic feeling when staying there, especially inland with the narrow roads boxed in by walls...

On the banking front, I agree with @KDX that it's worth contacting HSBC private banking directly to check. But otherwise Barclays is a good option for a very reasonable fee. Regarding income, that's some nice structuring! I believe Jersey previously taxed accumulation investment funds based on...

Thanks for providing updates. Personally I wouldn't want to leave a lot of cash in a private bank or invest with them due to their high fees. Better to invest through one or more low-cost brokers: IBKR, Swissquote, Saxobank, etc. Nevertheless, I can understand that in your situation you might...

Open multiple bank accounts, ideally in multiple countries. Then it's no problem if any one account gets temporarily blocked.

Assuming you're still resident for 21/22 and you don't claim any split year treatment in the years of departure or return, you would need 6 full tax years as non resident, i.e. 22/23, 23/24, 24/25, 25/26, 26/27, 27/28. You would then be safe to go back on 6 April 2028. Here's some guidance that...

See the following link: https://www.gov.uk/government/publi...rary-non-residents-and-capital-gains-tax-2021 One of the conditions that makes you a "temporary non resident" is: "The total of the ”˜residence periods' that were not ”˜sole UK residence' did not exceed 5 years in length" Therefore...

Please be aware that 5 years outside the UK is not quite enough. You need to spend greater than 5 tax years outside the UK. So that could be: * 6 full tax years as non resident OR * 5 full tax years plus any length of split year treatment (even 1 day) immediately before or after I therefore...

Welcome to the UAE. Regarding your second question, I believe the cleanest option is simply to pay yourself a dividend from your Belgian company to yourself as a UAE resident. As a UAE resident, you should qualify for a Belgian dividend withholding tax rate of 10% under the Belgium-UAE tax...

Make sure to stay non UK resident for a minimum of 5 years. If you return to the UK within 5 years, your capital gains will be taxed in the UK in the year of your return under the temporary non residence rules.

Maybe it would be easier to be resident in the UAE using passport A and resident in another country (e.g. Panama) using passport B?

Thank you @Bill D That's exactly my point! It depends entirely on the country in question - UK, France, Italy, whatever. @Piano asked if a remote work visa makes you tax resident in Dubai. And the answer is that it depends entirely on the tax regulations of the 'home' country (including any...