Search results

Hi all, I have some money in USD in a Wise account. It pays monthly interest (called "cashback" by Wise) but they withhold 30% in tax for the Belgian state. I am NOT a tax resident in Belgium and Wise knows it. 1. Is there a way to avoid the withholding? 2. If not, how and when can I claim that...

Hi all, Where can Turkish sovereign bonds be bought/traded? What brokers offer them? Thanks

Hi all, I am looking for options to open a bank account in the EU for a company based in a free zone in UAE. I understand Wise does not do this. Any recommendations? Thank you

Hi all, Romania has a withholding tax rate of 8% on dividends disbursed by a Romanian legal entity to non-(tax)resident individuals. If the individual is a ta resident in the EU (not in Romania), can this 8% be claimed back from Romania? Thanks

Hi all, Portugal has recently announced they will be eliminating their NHR scheme soon. I was considering moving to Portugal in a couple of years to benefit from the scheme. What about renting a place in Portugal in Nov-Dec 2023, perhaps a few months into 2024, so that I can apply and get NHR...

Hi all, Imagine that you are tax resident in country 1 (C1) and you have a US LLC (non-ETBUS, not tax liable in the US). During the year you run your business and have a profit of $300K. Instead of disbursing that profit as dividend, you buy a house in country 2 (C2). The house will be on your...

Hi all, I am looking to put some money away to generate interest in USD. I'm a based in the EU 1. What options are there paying a good interest? 2. Any ideas on platforms in the EU with low commission to trade bonds (American and European mainly) Thanks

Hi all, I have been told that Portugal has this concept of "partial" fiscal residence and that if you move to Portugal under NHR on the second half of the year, say September, Portugal will consider you resident only from then. You would be then able to be considered NHR already that year...

Hi all, Imagine you are a tax resident in a EU country C1, have been working as a freelance in that country in 2023 until August. You get a temp job offer from a FZC in UAE for October-December and move there to work for those 3 months. Your salary would be tax free in UAE but would it be liable...

Hi all, I've been recently reading about the taxation of a Spanish holding company (ETVE), which I did not know about. I was wondering it this would work; I would like to hear you opinions/challenges on why not. - Person 1 (P1) is a fiscal resident in the EU (country 1, not Spain) - P1 sets...

Hi all, Imagine you currently live in UAE, a tax resident there and have a company in a Free zone. Let's say to start that you are the sole shareholder. You move to the US in September or October 2023 with the intention to work and live there for a couple of years. 1) Would you be liable for...

If we have a FZC company in UAE with two shareholders, one owns 65% and the other 35% Can you disburse dividends in a fiscal year at a ratio that deviates from that of ownership? For example 50% and 50%, assuming both shareholders agree to it and state so in a shareholder's resolution

Imagine this scenario with countries A and B both in the EU: You have been a tax resident in country A for a few years, have bank accounts there. Sometime early in 2023, let's say March, you move to country B, register there, deregister in country A and inform A you are leaving and moving your...

Hi all, Consider the following setup. FZC in UAE with two shareholders: - 51% for SH1, who lives and is a legal tax resident in UAE - 49% for SH2, tax resident in a EU country SH1 is the appointed director and manages the company. He is the effective decision maker since he owns the majority...

Hi all, Imagine you are in or move to a EU country with low tax on dividends. You set up a company abroad, for instance a US LLC, and do business through it. The LLC is not ETBUS and thus pays no federal income tax in the US. You disburse dividends to yourself, declare them before the local tax...

Hi all, For a foreign-owned US LLC, not ETIBUS (so no federal income tax) but with corporate clients in the USA, does it really matter the state of formation? Except for perhaps "privacy" and formation/maintenance costs? Thanks