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Hi folks, I was wondering if anyone could recommend a good suit tailor in Milan, or anywhere near there? I'm looking for a few suits/shirts, nothing too fancy, but someone else who knows their craft, takes pleasure in it and hopefully speaks a bit of English. Any recommendations are highly...

It is irrelevant where you receive the payments. It is income attributable to your company so you will pay tax where your company is a resident, not where your bank account branch is physically located.

Yes, if you can spend a year as a resident in UAE and move to the 3rd country (Spain) then you could cash out by paying the local CG tax rate of 0. It may depend on the bank, but generally showing your portfolio and the transaction should be enough. Although, depending on your passport the KYC...

The case you have outlined is exactly the reason why double taxation treaties exist. Although you did not specify the EU country, I will assume the UK has a double taxation treaty with that country. If thats the case, it will specify the criteria by which you, HMRC and the 3rd country will be...

This. (the short answer) The long answer is that it depends on your intentions/actions. For example, if you left the country with your family on the first day of the war, de-registered your business in Ukraine, got yourself off of the draft register, closed bank accounts in Ukraine and moved to...

Great to hear that @pastet89! I have found that the actual implementation of CFC rules is quite inconsistent from place to place and I am glad you live in a country that chose to implement it in such a convenient way :)

You think living in a mafia country means the same rules apply to you as the ex-Minister of Finance?

There is a whole tutorial on this: https://mof.gov.ae/economic-substance-regulations/ Also here: Insights into the UAE Economic Substance Regulations Although from my reading economic substance is only required for some activities. But, as noted above you will need substance to open a bank...

That is unless you live in a country that has implemented any sort of CFC rules: Controlled Foreign Company (CFC) rules.

I think its more like you are a qualifying free zone person if you have substance in the UAE and any income you receive is qualifying income, which just happens to be 0% taxed. As the article mentions the definition of qualifying income will probably be amended, otherwise all income of a free...

According to this page Qualifying income is any income receieved by the Qualifying Free Zone Person (which is defined as any freezone company, barring exceptions). UAE: Key highlights of the corporate tax law. I would imagine that gets redefined as any income received from outside of UAE in the...

From what I know UK keeps a pretty tight record of entering/leaving. I have had friends request their records from the Border Force and used those records to provide evidence for their stay in the country for Naturalization purposes. They may check, or they may not in your case. Not sure...

Individual stock picking is a bit of a lottery. Thats why 'people' tell you to get a well diversified portfolio and hold for the long-term. While the stocks you quoted may be down, S&P500 as a whole is up almost 4x since 1998.

Why not buy an Irish-domiciled ETF? The fund pays 15% (DTA with US), but there is no additional WHT so your effective tax rate becomes 15%.

I think most of the advice in this thread hasn't been about the PE risk to your employer, aside the comments from @CyprusLawyer101. You haven't mentioned the country of incorporation of your employer. This will be important in determining PE risk as there is likely to be a double treaty in...

Yes @khinkali is absolutely correct. in fact, to be safe it should be 5 full tax years after you leave, so the countdown will start April 2023 for you. If you go down this route there is no coming back for a while. And 16 days is very much the upper limit in some cases in the first 3 (tax) years.

From the UK perspective if you leave part way through the year (UK tax year is April to April) you will be considered for 'split-year treatment': Tax on foreign income' You can get all of the relevant details from the link above, but to summarize, just don't come back to the UK for a tax year...

Keep your existing money separate. Do not mix it with hers and do not let her contribute towards your properties or put her funds into your bank accounts. Make a list of assets you are brining into marriage and sign a prenup stating that all of these would remain with you after a divorce...

I second IBKR. Use another email to open a new account with them. It shouldn't take more than 2 weeks

The pound almost reached parity a day or two after her mini-budget was announced. It jump several hundred basis points when she resigned and is now trading at 3 month highs. It wasn't the money being spent, it was the promise of lower taxes across the board and higher spending that sent...