Given that the world can shut down travel and countries can allow only residents (and sometimes only PR's) to enter, it seems that there is little downside to applying to the countries that offer lifetime PR with minimal physical presence requirements and reasonable time/cash expenditure - and...
Yes these cases cannot necessarily be automatically generalized - you are right.
If I do depart, it'll come down to a calculation of how quickly I can recoup the big departure tax payment by living in a tax-free country e.g. Cyprus and investing the bulk of the nest egg in ways that are no/low...
Ok the point you bring up about dividends is a good one. Yes, I had forgotten that a company can only pay dividends to a shareholder. And in order to become a shareholder of my Cdn company with its present assets, purchasing a share would be quite expensive. The only alternative I could see is...
Since we're dealing with dividends, doesn't article 7 Business Profits only apply if Article 10.4 disqualifies the person from receiving the reduced dividend rate?
In 10.4, it says "beneficial owner of the dividends" (who would that be? - the Bulgarian company or me as a...
Yes I've been reading about those terms. It's a lot to wrap your head around. I'd like to just be able to open a holding company with little economic substance and just let the tiebreaker rule force the issue but I'm willing to open an office and maybe run property management on a few airbnbs...
Yes - if I understand it correctly, the Bulgarian-incorporated company would be dual resident but the tiebreaker rule in Article 4 of the treaty would rule that it is a Bulgarian tax resident. Maybe it would be prudent to build up some economic substance in Bulgaria to minimze the chance that...
Thank u for the thoughtful and detailed answer.
Yes any final decision will have to be run by a Cdn tax expert.
It would be great to know all the jurisdictions where such a setup can occur i.e. corporate residency rules based on place of incorporation with an associated tax treaty that gives...
I just joined as a Gold Member Light
If there is a membership area to post this in, someone please let me know. I haven't gone through all the features of the membership area yet.
OK this q is longer than average - skip down to the tl;dr if u just want the abridged version. But I think it is...
G20 is in Indonesia this year - here is an article quoting the Indonesian Health Minister:
Indonesia's Health Minister Budi Gunadi Sadikin was quoted by local media that “a Digital Health Certificate using World Health Organization standards would be introduced during the next World Health...
Thanks for the lead. I eventually got the passport after sending an original medical record from the first few weeks of life and a series of photos with me and my parents at various ages.
At least one of his websites is still functional althought the last blog entry is dated Nov 6, 2020
(I won't print the URL here bc last time I did that I got banned for 'spam') but it is all the words in the title of his BBBB book dot com
I assume his name Peter Taradash is just based on the...
I used Jeronimo Finestra. He has mixed reviews from what I hear but his associate does most of the work and it all got done in a few days.
A few tips:
Bring a minimum of $6000 in new $50 or $100 USD bills - the 100s have to have the blue security ribbon and the 50s have to be the newest...
Good News - Global Affairs is now advertizing that they are down to 15 business days for processing on average which is good bc for the cedula application we have to resubmit the criminal record check...
I just submitted my application for PR in Paraguay. All I had to do was send the documents to Global Affairs JLAC in Ottawa and then to the Paraguayan embassy in Ottawa to be legalized, prior to sending them to Paraguay. It makes no difference if your home country uses the apostille or not.
Have I got this right?
Let's say I establish tax residency in a territorial tax country in, say, Guatemala.
Then I get an Interactive Brokers account (using Guatemalan residency) and buy dividend-paying stocks on a stock exchange in a country that does not withhold tax on dividends, e.g. UK...
I think they will lockdown a lot of places again so you may not have the luxury of time.
You want countries where the process is quick, easy and cheap
2 countries in the Americas stand above the rest for simplicity:
Mexico and Paraguay.
I did a journey from north to south in the Americas and got as many residencies as I could in places that remained open or had lax enforcement of the rules or rules that were easy to get around and where the permit was cheap or available with an investment.
In the last 12 months I have gotten a...