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    Relocating to Portugal (?), which tax structure is best for me?

    In your case, I'd consider the simplified regime available in Portugal. Provided your annual income is under 200k EUR, you are looking at an effective tax rate of about 15% or less: Freelancers: NHR and the Simplified Regime Your wife may be able to use the same program as well to reduce her...
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    Process for dropping my UK tax residency

    I think you misunderstood my comment around split year treatment. Please have a look and ensure that you will be able to apply it when you do leave. It is not a matter of leaving within 16 or 31 days. If you leave by April 6, this will be irrelevant as long as you fulfil the criteria above...
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    Process for dropping my UK tax residency

    You've got quite a few questions there, so I'll try to answer at least some of them. First and foremost, your personal tax residency is different from your company residence. I mention this fact because the requirements are different for you and your company to be considered/not considered UK...
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    HSBC expat, Interactive Brokers

    @Sols is absolutely correct. IBKR is a broker, not a bank. Therefore, the risks with them are completely different than a bank. Furthermore, if you hold assets with them, it would be treated differently from cash in case of a bankruptcy. On another note, how do you find HSBC expat? I am...
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    Working remotely for US company as portuguese citizen

    I suggest you have a look at the PwC tax summaries for the countries you are considering: Worldwide Tax Summaries Online Cyprus tax residency for example can be achieved with only a 60 day stay (provided some other conditions are satisfied). Where you ultimately reside will be a personal...
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    Working remotely for US company as portuguese citizen

    You pay tax where you live. From your post is it not entirely clear if you are willing to relocate, or are just looking for a place to incorporate a company. If it is the latter then you will not find an easy solution since you will continue to be a Portuguese tax resident, subject to pretty...
  7. L

    What is the deal on Nauru?

    Portugal is very easy to open an account as a non-resident, so not a good example.
  8. L

    regarding crs regulations

    If you were to open an account in Singapore today when they ask you about your tax residency, you would reply Romania and they would report your account to Romania. Banks under CRS will report to the country where you either declare your tax residency, or they have a reason to believe you may...
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    Albania to remove taxes for digital nomads

    Although it may be OECD language, it has been incorporated into many national tax legislations. Spain, France, and most of the Western world has reference to economic/vital interests. And since you will not be considered an Albanian tax resident you will most likely not be able to rely on DTTs...
  10. L

    Albania to remove taxes for digital nomads

    That would certainly not be the case with Ukrainians or Americans. Or those that happen to have an apartment available to them in Germany. Or those that have centers of vital interests elsewhere on planet Earth.
  11. L

    Albania to remove taxes for digital nomads

    They are a tax resident in the country(s) where the law states they are a tax resident. Just not in Albania... DTTs would probably not apply since they are not a tax resident of Albania.
  12. L

    How do people make wires for millions like it's peanuts?

    I have found that once you have capital it is best to create a new account and declare your intention to use the new account to move a lot of money and since your net worth corresponds to the sums being moved it doesn't trigger any alarms. Alternatively, private banking is designed exactly for...
  13. L

    Change to Design of OffshoreCorpTalk Today -> Count Down 3,2,1.....

    Wow. Feels like we've entered the 21st century. Super cool!
  14. L

    UK Banks non Resident invasive questions.

    Unfortunately, this is what passes for a basic KYC (know your client) questionnaire these days.
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    I need to get paid as a consultant. I am a at ax resident of UK, I am a citizen of Spain and I want to live in the EU and use UK to pay my taxes.

    This is incorrect. Depending on your situation you may have become a tax resident the day you moved back to Spain. You will definitely become a tax resident of Spain once you have been in the country for more than 183 days, but you have likely already become one anyway. You can have a company...
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    0% tax on almost all foreign source income with NO MINIMUM STAY

    In this example it would be a lot sooner than 183 days. It could happen as soon as you had a dwelling available to them (they would have to live somewhere to perform their duties after all). It would then come down to where you have a center of vital interests...
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    0% tax on almost all foreign source income with NO MINIMUM STAY

    This is not a tax advice and I am not not a lawyer or an accountant, so please treat this message as such. Technically speaking only days spent in Portugal working on the project would be considered Portuguese-sourced income. Israel, which has a similar program actually requires you to keep...
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    0% tax on almost all foreign source income with NO MINIMUM STAY

    https://nomadgate.com/guide-to-portugal-non-habitual-residency/ The relevant part: Contrary to popular belief, the tax breaks on employment are not the main benefit of NHR, as income is sourced where the work is performed. As an example, if you have foreign clients, but do the work from...
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    Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out

    About time. SVB was one of the worst banks I have had the pleasure of dealing with. Its like they were stuck in the 80s (with a terrible web banking to prove it).
  20. L

    Where do I pay tax if I don't live 183 days in any country in a calendar year?

    I was referring to your income, not your company income. It is local in a sense that all earned income is local to where the person is physically located while doing the work. Method of payment, country where the bank account is located, etc. is irrelevant. Just to reiterate, if you spend time...

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