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Every solution will "work" until Germany asks you for a tax certificate to prove that you are a tax resident elsewhere- regardless of Portugal, CY or Thailand or Mars. No country will give you such a certificate unless you actually spend the minimum required time there. Cyprus is by far the...

I'm not saying I trust the FDIC or SIPC with my life, but will they let a broker like IB go bankrupt? I doubt it.

Jim Rogers also has been telling people to plow into Russian equities for many years now because "they are a creditor nation". He also said in 1987 market crash that "he wanted to short but didn't think that the exchange will even be there to pay him out as he predicted a total economic...

MF Global was not a regular broker but a Futures broker: "Unlike bank deposits or brokerage accounts, futures accounts carry no backstop akin to FDIC insurance or SIPC coverage. For this reason, account segregation is deemed sacrosanct." That's why the SPIC insurance was not applicable...

9% tax... grey listing... trading crypto becomes illegal .. looks like UAE crackdown is in full force. I can already imagine the replies of some Dubai fans here: "It's only official, actually nothing really happened, you can still do anything you want, just compliance will be tougher, it is...

One article from 2009 isn't exactly deep research but If you would have thoroughly read your own article you would have seen that any customer in a US broker is insured up to $500,000 plus $100,000 for cash holdings by SIPA. So it's not an elementary concept nor common knowledge because it's...

As far as I know this is not correct. Stocks (in reputable regulated jurisdictions) are held in a segregated account and they are NOT listed as bank asset in case of bankruptcy and can't be used to pay the banks' debts. Happy to be proven wrong here...

Saxo is expensive, make sure you read the fine print re the fees. Especially expensive custody fee if you're a buy N hold investor. Not a particularly bad experience but their TrustPilot is full of bad reviews (for eToro). Essentially they are not a broker, they are a gambling platform because...

What the hell are you talking about ... when were real estate investors ever "forced to take mortgage" in Europe? There is no country in Europe where you won't lose big chunk of money? But a few days ago you wanted to buy apartments in Russia? rof/% Seriously dude, you should seek professional...

Nothing is wrong but as Martin Everson says it's always good to have more accounts :D

I don't think it will be the end of the UAE as a financial center. Just speculating here from what I saw in other jurisdictions: If I was the EU I would push the UAE to do a directive that will demand that UAE residents show a UAE Tax Residency Certificate to the bank, or be reported to their...

I'm sure that Russia is just a heaven on earth right now and it's just fine and dandy to have 30% crash in your currency overnight and having all your stocks go to 0 in a week. So far every single Pro-Putin person I saw or talked to, never lived in Russia and doesn't plan to, but they're sure...

These 3 brokers look good and seem to open non-resident accounts, does anybody have any experience with them? https://www.passfolio.com/fees#account-transfershttps://www.ally.com/invest/https://www.monexsecurities.com.au/investing-in-south-korea-stock-market/

If anybody needed any more reasons to avoid any EMI\broker\bank with any connection to Russia...

Well to be fair it was always a dictatorship (albeit a benevolent one) so is it really something new that the authorities may confiscate your assets if they want to?

Note that if you are planning to be a contractor you don't actually need to set up a company and can just move to a territorial taxation country and get the money into your personal account. That way you don't need to open a company, file accounts etc.

Russian people with money have been preparing for this for a long time. There's a reason Russians and Chinese were #1 group in Citizenship by Investments- they know that their own government can take what they have so the rich (=corrupt) ones have always prepared a way out. The top ones have...

This has been the situation for a long time now

In my opinion *most* Swiss banks are overrated and just coast on the reputation they had in the past, reputation they no longer live up to. They are not private at all. CRS killed Swiss secrecy and it's not coming back. As a non-resident they are extremely expensive compared to what you are...

I'm would guess most people on this forum don't have the 5M initial deposit to bank with UBS\CS anyway.. hence this discussion is mostly moot.