Search results

Yes, and did not have issues after filling KYC/AML documents.

Apparently getting non-dom status in Ireland or UK helps you avoid taxes somehow. Often used by Russian oligarchs? But how does it work exactly and what's the catch?

Thanks, what if they don't ask? Would US transfer this info on their own?

This is being reported as per FATCA right? Do they report brokers also or only banks?

Guess so. Getting same info from the Big 4. Sucks :( Ok, guess it's time to find a nice new home base then. And worst thing is - let's say you do find new residency and register as tax payee there. Ok, well, CRS docs will still be sent to your old jurisdiction and they will find out you kept...

Thanks so much! What makes Georgia better than alternatives? For example: - Montenegro - Cyprus - UAE - Singapore

Careful with this. Recently a German guy on 4chan biz wrote about doing what you said "selling .pdfs for crypto" and got raided a few weeks later. "Headache" seems rather vague. If the funds are legitimate and you bought Bitcoin and sold now, many banks would accept it. It is only a headache...

How likely are these states to share information with EU? Would these be good jurisdictions for EU persons? And can US companies (Wyoming, Delaware, New Mexico) open accounts in non-US countries (Swiss accounts, Singapore accounts, etc...)?

What do you mean by this? Do you mean IRS would go after US person? Or IRS would go after non-US person?

Damn, so there is no way to beat this thing?

Yeah WYOMING might even be a better choice. So basically main fear is that if US is not sharing now, they WILL share in future? What if you get second residency somewhere else and THEN open US company and get bank accounts and broker accounts in some third country? Basically making the mess...

Right, but if banks and institutions report CRS to the other country and not the one you live in... will your tax man even get the information?

Register company in Delaware Open account in Miami Done deal. They don't share info, they don't care. They want to become a tax haven. What are issues with this?

Let's say you got lucky with crypto and stocks and have offshore accounts with plenty of assets that haven't ever been declared or taken out in local country (just shuffled). What if this person just moves to a tax friendly country, starts living there, gets residency, gets citizenship or tax...

Is it possible to get a second citizenship and / or tax residence in low tax country, but actually not live there? Or will tax residence always be determined by de facto jurisdiction where the person spends most of their time? How does it work exactly?

Banks require you to update your information every year and often supply documents. Also, Bitcoin solves all of this.

This is absurd.

Airline tickets, travel expenses, time spent travelling, energy spent. It sums up. It's quite complicated. If you are in mid 7 digits imo it starts to make sense, not in low 7 digits and there are many unclear things and laws may change. Dubai make you visit every 6 weeks so you decide to stay...

But if your crypto purchases are legitimate, what are the benefits of masquerading your crypto holdings cash outs as business earnings? Seems like unnecessary adding of potential risk if someone finds out. I must be missing something.. Again, if you bought crypto early and just want to cash...

Criticisms are welcome. But which parts specifically are unlawful?