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did they allow you to use your European bank account to fund the new account?

ok thanks. I was concerned that they would insist on me having a bank account in the new country to be able to do transfers. I want to continue to use the account that is currently connected to my IBKR account.

Hello Has anyone been a resident of a G7 country with an IBKR account then established residency in a non G20 country such as Panama or Paraguay for example What was the experience like to change your residency with IBKR ? I assume they want to see residency card, tax id and likely some proof...

thanks for the replies...just not used to using chat or submitting a ticket for support. There are three types of Private Banking 1. Where you have a private banker who assists with wire transfers and anything else to do with banking. Just call or send an email and they do all for you 2. Private...

Hello I am used to Private Banking where I can send an email or make a call and have things fixed quickly I have been testing IB for the last few months since I may need to leave the Private Banking I have due to residency changes and tax planning I have found IB to be lacking on the support...

Hello I didn't see any discussions on US LLC and US Estate taxes If you are a resident of a country that does not have an Estate Treaty with the US then your LLC is subject to death taxes of 40% after a $60,000 deduction Is there any way around this? Any suggestions Thank you

How have things worked out? I read your recent posts about being in Paraguay. My situation is similar, Canadian, retired, managing investments, prefer non CRS residency

Anyone can open with Private Banking in Cayman - $1M US minimum, must live in approved country.

RBC and CIBC in Cayman are very helpful with connections etc.

Very difficult to do unless you change your residence. And then you can be stuck with withholding taxes depending where you trade. There are a few posts dealing with this on the forum in the last year. There is one guy who posted that he has residence in Panama and trades in Singapore and HK to...

so the US LLC will have income and you will pay the 21% corporate tax rate. The IRS also requires that you setup a prescribed rate loan at current rates of interest for funds you loan to the company. There may also be a WHT on the dividends you remove if there is no tax treaty with the country...

I could not imagine a setup where a Canadian company owns a US LLC and the Canadian shareholder is resident of another 3rd party country. The WHT for a non tax resident of Canada are high, two or three tax returns to file, potential estate issues with the US unless the Primary shareholders are...

no estate issues? Do you find being limited to Singapore and HKG ETFs an issue in your current setup? Are HKG stocks not being trashed like Chinese stocks the last year with no end in sight? To save taxes you are limiting your exposure to gains in better markets? I am asking because I face a...

Sounds like some of you have had good experiences with Wise, but wait until you don't. They good until they are not. I personally wouldn't give them a nickel. The lack of customer service is disgusting for any faux financial type of organization.

My tax attorney had proposed Delaware initially in discussions but many do mention Wyoming but I do not have the expertise to comment on that. The estate issue is a non starter for me but I did like the corp tax rate of 20%. I will likely settle on a non U.S. corp and pay the WHT on dividends...

Not as simple as it seems unless you are American (still not recommendated) or you live in a country that has an Estate treaty with the US. Your estate will lose up to 40% of the value of the account

Why won't IBKR like the fact you move to Latin America?

You mean deep pockets? I can do that but how does money help ?

Has anyone setup a Private Interest Foundation (similar to a trust) and opened an account with IBKR

Thank you for your response