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My theory is it's better than somewhere like Spain or France, if you have a place there (rent or own) you can very quickly be staring down the crosshairs of the local tax man.... I travel a lot so don't generate lots of days in anyone place. At least if MC decided to make me resident that would...

I can highly recommend JD's tax guy, he really know's his way around HMRC....

Yes, hence my original post saying what's to stop anyone living there but keep tax residence / company in another country. Tying up 500K - 1 Million just to get a bank account is for a select few.... However, I am guessing renting a place without a Monaco bank account will be very difficult even...

For the Uk you would have to live by the Statutory Residence Test (SRT), essentially you would be limited to staying 90 midnights per year in the UK. And as previously said you need to cut as many ties as possible e.g. if you own a house you cannot use this for accommodation it needs to be...

From what I have found (first hand) they are all a bit of a nightmare. I currently live on Sark, but spent 3 years on Guernsey (moving from UK with UK business). You can incorporate a company relatively easily in Guernsey for around £700 - £1K (you have to use a fiduciary service), many will...

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I am a resident of Sark (zero personal tax) and have been trying to fathom the best solution for profit extraction from a UK company, would the US LLC be a suitable vehicle? I live by the UK's SRT 90 day test and don't spend more than 90 days anywhere else throughout the year. However, I am...

Would the US LLC potentially give substance issues? If you are a Digital Nomad and therefore not working from the US how do you prove substance?

Great advice so plan B”¦. Whatever that is!

I own an events company and already do work on the yachts and some work during F1 so know the place pretty well. Living there could be good for business. Looking for a low tax solution within a 2hr commute back to London which is not a land locked former Eastern Block state, with decent...

Sorry poor wording..... More of a case of would being tax resident of one country (tax free country), live in Monaco and then have an offshore company is a low tax destination be an option to allow me to reside in Monaco most of the year but not 'have' to become Monaco resident for tax purposes...

Don't mind +\- 2hrs but 4 for somewhere like UAE is pretty tough to work. Good to know I'm probably already barking up the ”˜right tree'”¦.

Random question..... The biggest issue with a Monaco move seems to be getting a bank account and depositing 1 million+, no bank account means no tax number.... Could you rent an apartment but still be resident of somewhere else which is 0% tax (I am resident of Sark), live in Monaco most of...

Guess the question is what is the risk of another country trying to tax me if I'm rarely on Sark..... The bouncing around the world game is fun but would still like a base.... As for liking Sark, that's a tough one. There is a strong sense of 'you're not from round here' mentality. It's a cold...

Looking for some ideas on my next move....... The background.... UK national, moved to Guernsey from UK in March 2019. Pre-Covid we had a successful events company with a turnover around £1.3m and a net of around £300K, Covid killed the business dead. Restarted in June 2021 and business has...

I live in the Channel Islands (previously Guernsey now Sark) and go back and forwards to the UK as and when required for work (own a UK company). Left the UK in March 2019 so about to hit 4 years... This year I'm going to be sitting at around 110 nights which I believe is ok as long as you go...

Essentially you need to leave the UK and plant a flag in another country. Yiu will then be subject to the UK ties rules which means you cannot spend more than 90 midnights per tax year in UK. I would look for a low tax country which has easy visa entry and rent a studio to give you a...

I never had any major issues. not fibre to every property (like Andorra) but ok. Anything from 10mb to 30mb, there is an area in the North of the island which is a massive development project called Mont Choisy Smart City, I believe all properties on this project have full fibre... IF we moved...

For anyone on a non-EU passport who might be counting days in Europe on the 90/180 rule.... You can stop at the boarder and ask the Spanish to 'stamp you out' of Spain, just need to stop again on the way out of Andorra to get re-stampped back in. I did it a few weeks ago, bit of a strange...

Yes, I did the Mauritius commute nearly every week and it wasn't too bad as long as you can afford the cost of business class. I would regularly spend Sunday on the beach, driver picks you up at 7pm, jump on the 9pm to LGW, couple of drinks and go to sleep, wake up in LGW at 0600 and go to work...