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There won't be anything clear set in stone. The decree has been formulated in such a way that the criteria for what defines "qualified income" can be changed at any moment by the minister through a separate decree. My impression is that they wanted to see how far they can go with respect to EU...

The Yuan doesn't have any future, IMO. It's backed by a totalitarian neo-maoist corrupt dictatorship regime with planned economy and unfavourable demographics. China will get as successful as the Soviet Union got in the 70ies but not beyond. It doesn't have any sustainable growth anymore, it's...

This is the first time I hear that it takes "minutes" to open a corporate bank account with Wise. With the director and UBO having his main residence outside of Estonia? For what type of business?

Really, I heard that it is very difficult to open a corporate bank account for an Estonian company without residence there.

If you move to UAE you will now end up having mandatory audits as well and most will likely end up paying CIT or personal income tax in a few years. You will end up wasting your time finding ways to transfer your funds from/to Europe. Maybe, it won't be possible at all anymore. The EU and the US...

Yeah, and when you finally realize the cost for these setups in multiple countries (company formation, economic substance, lawyers, accountants, residence permits, bank accounts, insurance, travel, rent, utility, phone, transportation, etc) you might just as well have remained in your high tax...

Seems like you have never crossed the border between Greece and Bulgaria. They are machine reading your passport/id at the border (and even verifying you car registration). Thus, the long queues.

Both BG and CY are outside Schengen zone, so your movement will be recorded, which can be to your advantage if you spend >183 days in these countries or to your disadvantage if its less. If you live close to the border you could commute daily to BG and back, but this is not very convenient due...

You don't need a company if you want to work as freelancer in BG (registering as self employed is sufficient). It only makes sense, if you want to limit liability, have more than 25% cost or the client asks for it, but you pay almost twice as much tax and has at least twice the accounting cost...

But make sure you understand the tax rules for crypto trading/investing in BG before. Here's a guide in Bulgarian (use google translate): Наръчник за крипто данъци - Tax Monkey There are discussions ongoing whether BG is going to raise tax rates by 5% and introduce a...

According to this video, Freelancers and Contractors with income above 100K USD will be taxed as well. One way to get around this would be to create a company to benefit from small business relief:

The problem is that there is no clear law on whether it is taxable or not. Some accountants/lawyers in Cyprus argue that Cryptos should be treated like securities (which are exempt from tax), but the majority now argue that it is taxable like forex trading. It mainly depends on a list of...

https://www.nytimes.com/interactive/2019/04/04/world/asia/xinjiang-china-surveillance-prison.html According to this report, already 4 million Chinese are prohibited from buying train/flight tickets. And that was in 2019 Yes, in communist utopia, there's never inflation. It's just that nobody is...

Yes, unless you want your old tax residency authority to be automatically informed about your wealth increase.

Cheapest solution is to spread it across different brokers in different countries. If your assets per country are 10-20k it will be too costly for creditors to pursue it in every country.

The nominal rates are low in theory, yes. But in practice, the effective rate depends on whether you find a competent accountant who is familiar with the type of business you are doing, otherwise you will pay more than the nominal rate + fines because of improperly filed tax returns. You also...

Asset protection, jurisdiction risk diversification, CBI program, clients in Europe, etc.

It's reality for millions of Chinese already. 15 min cities with borders and checkpoints between neighbourhoods. You need to have vaxx pass + sufficient social credit score to cross the border. Covid was just a dry run. With CBDC and carbon credits it will be possible to control everything. If...

Chapter 4 - Article 11 of the federal decree actually provides a definition of taxable person: Article 14 provides more detail about PE: My interpretation of the law is that natural persons conducting business from UAE or effectively controlling a foreign legal entity from UAE are considered...

I had the same thought. The news article says: They explicitly mention that the offshore company shouldn't have a PE in UAE. The devil is in the details.