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Swissquote has branches in CH, LU, UAE. https://en.swissquote.ae

For tax reasons, very peaceful.

I read for PR (after 2 years with TR) you now need more substance: business, real estate... It's not so straightforward anymore as it used to be.

@waykooksaram isn't US LLC treated as US situs asset?

decided to continue “residing permanently and stably in Abu Dhabi”, where he had “found peace of mind”. I like how people find peace of mind in UAE.

@miosgit is there any special benefit of having credit card in UAE, compared to normal debit mastercard?

Are you looking for TRC because you: A. were a resident in UAE and resident in home country and now proving you have more ties in UAE B. want to become resident again in home country after years being non-resident there and resident in UAE C. have a tax audit from home country

Why?

If your home country on this list has "UAE Nationals and residents", you're eligible for TRC: https://tax.gov.ae//DataFolder/Files/eservices/FTA 2021 TRC Eligibility.pdf

When you request TRC on FTA website in UAE, you can see if TRC can be issued for your country or not. If not, there is nothing you can do.

And that's a big problem. I know a person from EU who wanted to get TRC and taxman said (in UAE and in home country) - not possible to get TRC as DTA is written for UAE nationals only!

And a DTA between your home country and UAE, where UAE residents are also mentioned, not just UAE nationals. Without that you cannot get TRC!

And what do they tell to their bank/broker when they are asked for tax residency and tax id? Nowhere is not the right answer, unless you want closed account. Maybe somewhere in third world country.

Does US LLC fall under estate tax (US sic asset) for nonresident?

Put 10 lawyers in one room and each one will have it's own opinion. What matters is the opinion of taxman, and until doing something on your laptop in Thailand is not considered as work... everything is fine.

I'm talking about FATCA and countries that have signed FATCA agreement. CRS is a different beast and reports to every country where you have tax residence indicia. USA is not part of CRS.

No. 1. Thailand reports to USA: details about USA citizens that have accounts at FI in Thailand. 2. USA reports to Thailand: details about Thailand residents that have accounts at FI in USA. This works if you don't use any FI and have no legal income. The minute you step into a bank, they will...

Personal accounts of non-resident aliens in USA are reported to other countries via FATCA since 2014.

He is probably considered a tourist with non-resident bank account. Not a long-term setup and from tax perspective, I bet he is still tax resident at home (digital nomad mentality). I still don't know is elite visa just a tourist visa + golf/massage/airport lounge/fast check or is there...

I was looking at CRS self-certification form for Citi bank in Thailand, and they mention only: "current residence address" "mailing address" (if different than residence address) "place of birth" (town/city, country) They also ask for all tax residences + TIN that you might have. But no...