Search results

It seems that there are not so many options left for a favorable tax residency in Europe. This is especially true for digital nomads. I want to compare these 2 countries, because I do not see other options. And taking into account the tightening of rules in Dubai, these countries are even more...

The idea is to get a residency in a country where you don't have to pay taxes on trading activities and spend most of the time, but <180 days in other countries. Ideally, the country should provide TRC also. I am aware of three options: Malta with non dom remittance basis taxation. 5k tax only...

I want to talk about limited partnerships, especially on whose where 1 person can be both a general and limited partner. My idea is to defer payment of taxes. For example, I make $10k profit for the year. So in the country of residence I have to pay tax on this amount. It didn't matter if there...

How to legally take money out of an offshore company not as dividends or any other form of personal income? May it be a loan to another company or transferring the funds to a trust?

Offshore Ltd with a bank account. The bank send an email to update the company and UBO information if there are any changes. There is an error introduced by a bank employee - wrong ubo residence country, until now it was luck to cheat the crs, but now there is a requirement to confirm or change...

Are banks known for a wrong CRS reports? For example both to an old and new residence country or a new residence and passport country? Do they follow self-certification forms strictly when supporting documents are attached?

What are the best tax options for a freelancer available now? My findings: Georgia - probably doesn't tax foreign earned income, but further investigation needed Romania - 10% tax Bulgaria - 10% tax Czech republic 12-13% effective tax, 80k € limit UAE - no tax, but flat fee, difficulties in...

There are a lot of non CFC countries, however there are a quite few that don't have a place of effective management rule. Are there any options for an individual to avoid this rule?

Are the trusts a good solution right now for the asset protection? Do they perform better than a simple offshore company with nominees? For example I setup a trust being a single beneficiary. Then a trust earns some income, which I don't receive yet. Can the state make some legal claims or...

Let's imagine the situation, a person lives in a country A, has some accounts in countries B, C and moves to the country D. Then he de-registers from the country A and registers in the country D, telling the banks in the countries B,C that he is now resident of the country D. The main question...

I have always believed that the approach to optimize taxes should start with the optimization of personal taxation, but I see that a lot of people, including on this forum use offshore companies and are quite satisfied with that. What are the options today to open an offshore company and avoid...

I have a several questions on different topics and instead of creating separate threads I decided to collect everything in one. Real cases are highly appreciated. Residence 1. For example a person from a country A moves to a country B. How country B is treating his assets? Does he has to prove...

If I become non resident in my home country will I have any tax obligations in the future? For example I have cancelled my residency and I became a digital nomad. Which address have I to give to the banks? Does it has to be from a country which can issue me a tax residency certificate ? can it...

I want to change my residency to a tax free country or a country with <10% taxation in the worst case. I don't want to live in a shithole like Vanuatu just to keep my residency. I see that the only options available are Monaco, Malta, Cyprus non-dom and UAE. What is the best solution in my case...

Is a Cyprus non-resident company a good setup? The main purpose is to keep assets offshore. My country doesn't have a CFC law yet. What are pros and cons of this setup? Will there be any difficulties in opening a bank account in a trustworthy EU banks?

How to avoid the Place of Effective Management? My country doesn't have the CFC laws yet, but can tax company because of the Place of Effective Management.