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Bc it's shown up on lists of places to bank and cash out where you can get PR with no physical presence

It's a good point Jack but I've been looking for 'easy' routes to get residency. I've never run a business and I don't really have any good ideas to be honest :D e.g. I'm also looking at Phils SRRV 20K USD option

Thank u for that comprehensive answer Part of it is that collecting PR's has become my favourite hobby :) But there is also the idea that it would be one more option for cashing out cryptos when the time comes. I'm aware of Towerbank and its marketing as a crypto-friendly bank but I don't know...

Requirements -leave in for 3 years Benefits Can get PR after 2 years Cons No depositor's insurance. According to a website I read, you would get 10K for sure and then whatever was left from liquidation.

On this list PARAGUAY Banco Continental PHILIPPINES Development Bank of the Philippines GUATEMALA Banco Industrial DOMINICANREPUBLIC Banreservas

In terms of "safest" banks, how much credence do people put into the 'Global Finance' list that gets released every year? Attachments Safest-Banks-2024-Safest-Banks-By-Country-Territory-District.pdf 157.3 KB · Views: 125

I was an EU res this year but I got my res/cedula in Para 2 yrs ago. I have to visit this year so I don't lose them. I figure if I'm gonna make the long trip to South America, I might as well get a RUC and keep it active and sign a rental contract for a room in my friend's house so I can at...

par for the course market needs more liquidity People only get rich in crypto if they can hang on thru the FUD, boredom, relentless downward price action and market action that seemingly makes no sense

It's theft if you don't give it back to its original owner

Interesting, Barney I read a few articles on Sark since you posted Seems too good to be true - no phys presence req, no PIT or CIT, no cap gains tax, just some misc property taxes. What's the catch? Do all residents have a minimum number of sheep to shear and cows to milk? What happened with...

Wow - this post was the real money-shot. Thank you Don. That is incredible. All you have to do is A)find some way to be taxed in Jersey on some amount of income B)not run into conflict with your Estonian tax residency - I see from the E&Y summary that Estonia has about 63 double tax treaties. I...

I should have mentioned, my only source of income would be capital gains which is 0% in Jersey, otherwise I wouldn't even look at Jersey with its 20% PIT since the availability and cost of housing is bad, the avg weather looks similar to miserable UK weather and it is small popn-wise - only...

The Estonia set-up is very interesting.... **The whole issue is that eventually I will get tired of travelling around and I would want to spend >6 mos in a place.** But unless it has corp res rules like Bulgaria, if I spend >6mos in country X, I would be tax res there and the Jersey...

I just left a high-tax country, so I wouldn't settle in another high tax country. There are countries like Bulgaria, where corp residency rules do not mention M&C. I wanted to start a list of similar countries. If you look at my original post, if you don't fulfill all 3 of Jersey's exclusionary...

Ok thank you Don - so you just register the branch under the same name with whatever authority looks after business registration and there is no share structure. OK if that's right, then that makes sense. Can you give 1 or 2 countries in Europe from which you could achieve this low-tax branch...

So if the foreign company doesn't own shares in the Jersey company then how do you structure it as a branch? I thought for a company to be a branch of a parent company, the parent has to own the shares of the branch. Can you use a real country as an example? ForeignCo from country X + Jersey...

OK, so the foreign company owns the shares of the Jersey company You make sure the Jersey company doesn't fall afoul of CFC rules in the foreign country But aren't branches subject to the same residency rules as any other entity? Which conditions do you mean?

No takers? Someone must know how this works

You mean just hodl BTC, not earn yield from it, correct? I don't want to keep money in a POS coin that gives yield. Yes Eth is supposed to be deflationary, and it has a big L2 ecosystem built on top of it, but there is much better tech out there, including in POW coins, and I'm not convinced it...

Let's use a Jersey holding company used for passive investment with a single shareholder as an example Jersey is advantageous as it has no personal or corporate capital gains tax, and 0% corporate income tax (unless you are a utility or type of financial services company) (I'm aware of the 20%...