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I believe these are pooled funds used to buy property. Property is exempt from CRS reporting. Doe anyone have experience with these? I would like to know if they are available in non third world countries. Such as Singapore.

Hong Kong is not what it once was. Over ten years ago I sold a property in China. Took a backpack full or RMB to the HK HSBC. They accepted it all on my word only. Two years ago sold a small investment in HK. To my surprise the tax authorities in my home country had be notified by the HK tax...

I also had an account in Cambodia. It seems it took about three weeks to open. This was years ago. Very easy.

Using art and even diamonds as a store of wealth is simply ridiculous for the average person. The average person has no knowledge of these things. An academic study would likely conclude they are a good store of wealth but get real. Unless one can invest through some sort of fund.

DBS Vickers OCBC UOB These can be considered. You can not do it without going there.

He likely is from the EU. The point is this global net called crs snares a lot of good people just avoid haing their hard earned money stolen by corrupt governments.

Completely agree. So where to invest?

Yes, by definition it is. But what if he is from Russia or North Korea, two countries controlled by criminal gangs. Would "tax evasion" be acceptable then?

The real advantage of real estate is the use of leverage. Easy to get cheap mortgage money with the low interest rates. This a problem for retired guys on pensions.

Charles Schwab is not available to Canadians. He could get an HSBC Premier account if he has over $100,000 with HSBC. Then no ATM fees at HSBC ATM's globally. But you will still get a bad exchange rate. ATM fees are only one cost. The exchange rate is another. He would have to convert the CAD to...

Proof of residence, for example utility bill. Obviously a passport. See what the minimum investment is. Several large banks have a brokerage arms. Inquire by email or phone first.

No longer easy to open a Singapore bank account. Using ATM's is costly. You pay a fee each time and the exchange they give is bad. If you settle in a country open a bank account. Cambodia was easy to do this. Then fund the account using Wise or similar companies.

You can go to Singapore in person. Open a trading account (stocks) at a brokerage that is the arm of a major bank. Then they will let you open a bank account. Obviously don't let on your intention. Buy some stocks to justify it.

I was in the same boat years ago. It really depends a lot on your pension income. Becoming a non resident for tax purposes (Canadian) is most suited for high income earners. For example Canadian airline pilots making big money. This is what a tax expert told me. Those on pensions, English...

Has anyone had their laptop/phone searched at the airport while entering a country? Just wonder how common this is.

According the the OECD website Georgia starts reporting in 2023.

Thanks for your reply. Not all western countries tax gifts.

One receives a gift or loan in the form of a wire transfer. Do the tax authorities in most western countries accept this without supporting documents? Specifically do they ask to see bank statements from the senders account? Loans from family members often are not written contacts, just verbal...

CRS has been going on for a while. However I have not read even one enforcement action being taken as a result of this exchange of info. The Panama Papers got a lot of attention. Many Canadians were named but little action was taken against any of them. Has anyone read of enforcement action...

I assume bringing over $10 k usd in gold has to be reported when entering Singapore. Is it straight forward? If leaving Canada with over that amount in gold is one required to declare it? I think just when entering the country not leaving. Anyone done this?