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Ah, so that would be only 100% safe way? I'm definitely not renouncing my citizenship, it's too valuable. I would rather suffer the consequences. It would suck to establish a perfect UAE structure only for some bank to decide to report both to UAE AND your citizenship country. So getting a...

You are right! I definitely am not a fan of banking in Georgia! Here is an interesting moment: So you indicate to Interactive Brokers that you have UAE company and are tax resident in UAE. However, IB will still require Beneficiary Owner document like passport. So they will KNOW that you...

Thanks, that is really good to know. I must have tired you with all the questions right now. Before I proceed this info would be crucial to know: 1) So you register as a resident and register a company in FreeZone. Does this grant you tax residency status as individual as well? 2) Is there a...

Thanks for clarification. I just don't understand this part: - Isn't any bank in the world or interactive brokers or swissquote obliged by law to collect beneficiary owner information? Therefore even if they see you have registered a corporate account with Dubai incorporated company... they...

Very good question. Does anyone know if Bitstamp, for example, fall under umbrella of automatic CRS reporting? They aren't really a bank or EMI.

Wow, awesome, you are providing so much value to the forum. Would you be against answering a few more questions? 1) So let's say one registers a company in Dubai. Dubai would still receive all beneficiary info as per KYC/AML. So Dubai theoretically can send this information to the benficiaries...

US has not signed CRS, so it is not reporting under CRS laws. Or this is incorrect?

Would IB really be ok transferring from personal account to corporate one? How would one acquire this? It means you pretty much have to live in this jurisdiction, correct? Is it impossible to just register remotely, visit maybe once and then get a forwarding address at that jurisdiction...

Would holding stablecoins instead of USD fiat at the exchange be the answer?

But are there no options if you don't want to move, yet pay 0% tax by getting second passport or residency?

Interesting idea. How would you transfer the stocks and assets from individual to name of Dubai company in this case?

Storing crypto on exchange is not the problem. Selling crypto and storing the FIAT on the exchange is the problem. How to solve that?

imo not for long. Govs feel threatened by BTC and might require info from exchanges.

Isn't a better strategy to get second passport / residence and use that address when registering with brokers so the reports get sent to a tax friendly jurisdiction instead of your actual residence jurisdiction?

Since it is no longer enough to simply register an offshore nominee company to hold your assets as per CRS the beneficiaries will be reported to their respective jurisdictions... isn't the right solution simply acquiring a second passport and residency permit in a tax friendly country and using...

Imagine a scenario: Let's say an individual (non-US person) is holding ETFs and cash assets at stock brokers and crypto exchanges in his name (as an individual). Goal is to transfer these holdings (ETFs and cash) to offshore company or trust that would be obfuscated and open a brokerage account...

This is really bad. Any way to avoid this? Or just best idea to use US based broker?

So what are drawbacks of Georgia?

Georgia seems like a good choice... what's the catch?

But how can you get proof of address if you don't have an address in Panama? Just fake documents or pay Panama company to send you one?