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I think it's quite obvious that once they embark on the route of taxation everything will come just like it is in the West. It's just a question of time, otherwise they'd leave doors open for avoidance making the whole exercise pointless.

You won't get to know a place by visiting for a week, or even a month. It takes years of experience.

How's living in the UAE? I read articles like this and think pursuing a 0% tax is just not worth it anymore with these kind of risks.

You want the name of the lawyer?

of course

Getting a personal tax number is easy. They do it on the spot within minutes. You don't even need an Address card for it. The actual tax card will arrive weeks later, but it's not important. I agree that the incorporation process is convoluted, but I could get it done in 2 days. If you plan it...

https://www.loyensloeff.com/media/478645/ch-crs-part-ii.pdf I've received the Address card. It took exactly 2 weeks. Last edited: Feb 7, 2022

Read the OECD specification.

No, it's a legit bank account with a big known multinational Europan bank. I simply scheduled and appointment, walked in, signed forms, waited 4 days and that's it. It's a corporate bank account, not personal. Every company in Hungary is obliged to have a bank account, using only an EMI is not...

Just to show the situation with paperwork: now I'm applying for the TAJ number (health and social insurance). I have to fill 3 forms, all with the same information, then tomorrow I have to deliver it personally to the NEAK office, spend there 3 hours, after which I will hopefully receive the TAJ...

”””””””””””””””””” yeah, after a consideration I've decided to do also the social security and healthcare registration and get the TAJ number too, to solidify the taxation anchoring in Hungary in case of future problems and to avoid alerting anyone by explicitly admitting a cross-border...

I can operate, but it's still not completely finished. I got a company, a bank account, an accounting software, an accountant. I've already received money from a client, and had some expenses in the company name (so far paid for personally, because I don't have a bank card yet). So I'm still...

I haven't done any tax evasion. As I explained, I have a company in one country, it has an economic substance there and I run it there, but I don't want the other country to drag me through investigations because their usual tactic is to simply appropriate the company and put all the obligation...

If I transfer a sizable amount of money from my account in country A to my account in country B (both EU), and I will prove my ownership of both of those accounts in case either of those banks asks, will it still be reported to financial authorities? Or will the authorities start investigating...

Thanks a lot Sols, you're the MVP of this forum! I'll simply transfer the money and hope for the best, rather than risk being seen as a money launderer.

I doubt it's that easy. That'd make Wise a a prime tool for money laundering and that'd hardly be tolerated by any authorities. There has to be some kind of a reporting or security provisions.

The problem is that I have two residencies, and a running business in one of them, both of which is legal, but I don't need some clueless bureaucrat or a bank backoffice 9-5er to start digging into it, wondering why do I have accounts in two countries, and dragging me through procedures to...

That's probably the worst way. Company registers are public ... on top of administrations sharing non-public information And then it will get taxed too.

I'd like to transfer 100k from my account in one country to my other account in another country without triggering any reporting or investigation from anyone. What's the best way to approach this? Doing it through crypto would immediately trigger alarm. Doing it through cash too. I don't...

If only the UK would lower their taxes instead of raising them ...