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  1. JimBeam

    Are German cars unreliable?

    Lexus cars are nicer looking and better built than Toyotas - but I just can't think of them as luxury cars for some reason. Anyways, if you're concerned about reliability - you're in the right place. Lexus is the way to go. They require less maintenance than most German, Italian or British cars...
  2. JimBeam

    How to get best possible rate when wiring large amount from Europe to Dubai?

    Don't mess with IBKR if your account was not used to transact 6 or 7 figures in and out often. That will just get you in trouble. I suggest you open an account in UAE/Dubai. It's possible with that kind of money even as non-resident. (I think I can help you with that just PM me). You transfer...
  3. JimBeam

    Cheapest USD->AED transfer option without UAE address

    It's possible BUT banks may ask for lot of papers, will ask for bigger deposit (in my experience min $100k) and may report you home (CRS) Yes it's pegged to USD, but they won't convert it for you. Most banks offer multi currency accounts so you can keep USD, EUR, CHF... If you want to exchange...
  4. JimBeam

    Moving to Dubai

    You can stay at hotel serviced apartment's for less than $5-6k. (I stayed this year at Radisson 1BR premium suite for 10k AED/month but at a distant location) Just look at hotels for long term stay option offers (or ask them if they can provide). I also stayed a month for (560 AED/day) or about...
  5. JimBeam

    IT LLC to offshore

    And what's the end goal? Have the money back in Italy in cash? Have it in some bank account? Crypto?
  6. JimBeam

    IT LLC to offshore

    How much money are you looking to invoice out of Italy?
  7. JimBeam

    Are you thinking of closing your UAE business or already close down after New Corporate Tax ?

    You need accountant to handle your accounting OR to fully run your company (not sure that I understood correctly from your post). There's a well known provider offering a free tax registration + free accounting for first 3 months so they might not be bad to start with. (not sure if I can post...
  8. JimBeam

    I am a business consultant what should I do to maximize income?

    If you want to be close to EU maybe Cyprus could work for you as well (EU member, EUR currency, low taxes, hot weather, 2-3hour flights to just about anywhere in Europe)
  9. JimBeam

    Can I become a resident of the US by buying real estate ?

    That part is the same: you're taxed on your worldwide income in EU countries as well - with few exceptions (like Malta). The problem with US is that you can't go to another (tax preferable) country and claim tax residency there that easily (you can go from California to Florida and pay less...
  10. JimBeam

    I'M LEAVING DUBAI

    Watching that video = wasting 10 minutes of your life. You have been warned :D
  11. JimBeam

    Can I become a resident of the US by buying real estate ?

    Why in the world would anyone want to move there? Have you been there (at least as a tourist)? My advice for you is go spend a month or two there as a tourist first.
  12. JimBeam

    Offshore bank to cash out crypto

    What's the rough amount we're talking about (six or seven figure)? What are your plans to do with the money after you cash out?
  13. JimBeam

    Best Residency in EU that makes the most sense Taxationwise?

    If you have Slavic background you can easily learn a new Slavic language as they are somewhat similar. Hungarian language is from Finno-Ungric group of languages and is spoken in Finland, Estonia and Hungary (and is spoken by some minorities in Russia). It's VERY difficult for someone coming...
  14. JimBeam

    Most Creative Ways to Spend Cryptos?

    What do you guys do for a living? Can you work remotely in full? Relocating is not an easy thing especially with a kid.
  15. JimBeam

    Best Residency in EU that makes the most sense Taxationwise?

    Hungary/Orban is doing the dirty dance with Russia and China, but as far as I know ordinary people from Hungary hate Russia so much (they lived like dogs under Russia - eastern block for so long). Poland hates Russians even more if not the most in the whole Europe. In 1939 at the beginning of...
  16. JimBeam

    Most Creative Ways to Spend Cryptos?

    Best bang for your buck for sure :cool: Where do you currently live? Are you ok with relocating for couple of year somewhere else? What passports do you hold? What's your end goal (get cash, invest in something else etc)?
  17. JimBeam

    Looks like Revolut Dubai Coming Soon

    Wise also came to UAE, got banking license, worked for 6 months or so and then closed the shop overnight. Once Arabs figured out how much money their state owned banks will lose due to this competitor - they will just shut them down same way as Wise. Last edited: Oct 31, 2023
  18. JimBeam

    Best Residency in EU that makes the most sense Taxationwise?

    Women wise all 3 are good locations and full of hot girls. So there are no issues there. This is correct. If you got people being hostile to you just because you're a foreigner or your kids experience discrimination or get poked at school or even hurt - it's not worth it. Not to mention...
  19. JimBeam

    Best Residency in EU that makes the most sense Taxationwise?

    Well, you can't have all 3 :D Girl can't be smart, beautiful and rich - you can only choose 2. Anyways, for most welcoming: Poland and Hungary are simply not - very cold - so Romania. About grocery quality - all 3 countries are tier 2 EU countries so you won't have quality products as in...

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