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Usually what is done is opening a local company where you want to buy the assets. Later you can have your UAE company own that local company.

Agree and even if not, I would not post here in a public forum how you trick TransferWise and with such obvious details, will take them 2 minutes to find your company and close.

I've heard only horror stories about Switzerland (mostly here in this forum). Expensive setup and banks still don't want to deal with you.

It's an interesting fund but it went down quite a bit when Neil Young asked Spotify to choose between him and Joe Rogan (and they chose to delist Neil Young's music): https://www.proactiveinvestors.co.u...-the-neil-young-spotify-crossfire-972783.html This brings questions to what exact assets do...

It's great that you're "cool" with being down -90%, I thought we're comparing portfolios though and not the ability to withstand pain. And about your question of how to explain bond allocation, it's very easy to explain actually: S&P = -24.54% from ATH Nasdaq = -33.93% from ATH Crypto = -90%...

It's funnier to see the Crypto people lose -90% of their net worth and still come back to make fun of the "portfolio people" Most crypto people will sell their left testicle right now to be down only -15% from the top.

Then one day you fall down the stairs, have a concussion and no longer remember your keys (or you just die for any reason)- whoops, your entire net worth is gone and irrecoverable. GAME OVER I don't see how this is even relevant to Bitcoin. Bitcoin is 100% fully transparent, every single...

This is the most ridiculous thread I've ever read on this forum. I'm sure the bank did not even imagine that a person with such a mindset can even exist! Almost ANY RESPECTABLE bank in the world would want you to send notarized copies of your incorporation documents. Online copies are worthless...

Nothing new here. Every few years a new popular tax-free destination appears, people flock to it, then authorities clamp down. There are always solutions, one just needs to adapt and go onto the less beaten path. If you're doing whatever everybody you will be hurt.

BTC 13K incoming. I can't wait for the HODLers of this forum to finally be silent for a few years.

1. Many Serbian banks have issues with outgoing payments outside Serbia so make sure you get a EUR-denominated card 2. Some Serbian banks don't even have their own IBAN but use correspondent banks in Germany 3. I wouldn't put in Serbia any amount of money that I'm not prepared to never see again

I take my words back, you're a genius. We are honored to have such a wizard algotrader in our forum, thank you for sharing your brilliance with us poor plebs. Sounds like you are actually Kenny Griffin undercover with all these genius trades.... BUYING at 3.49 and selling at 4.1?! Maybe an...

UAE transitioned from "no tax for 50 years" to "monetary compensation for snitching" reallllly fast... Regular comments "It's actually good for the UAE" "In the long term it will make it a high quality place" coming in 3... 2...

I can't compare as I didn't live in any of them but from stories I heard and friends of mine that I know that are involved in lawsuits with the tax office in Spain (regular people, not even businessowners) I can say I would never live in Spain as a tax resident

100% agree and I would also add that I just love how the same people calling the EU a dictatorship in one thread, are pushing everybody to move to an ACTUAL dictatorship (UAE) in another thread.

"You don't invest based on the what ifs of the past" You mean you don't invest based on the historical performance of the asset? rof/% Love it, you must be a great investor. Share with us more of your wisdom please rof/%

Nice list of dictatorships and quasi-dictatorships you got there thu&¤#

Comparing Spain to El Salvador is like comparing Switzerland to Libya One is a tax hell, the other is a living hell.

Casual reminder that any private business you invest in has zero liquidity unless and until it is sold and it should generate an AMAZING yearly return to compensate you for the lack of liquidity and extremely high risk. And then the question becomes why would someone who generates positive...

If you bought Gold in 1981 and held until 2000 you lost 80% of your investment. Gold is not a protection against inflation. Since middle of 2020 inflation has been raging but Gold is 14% down from the peak. If you bought in 2011 you waited 11 years and are still under water. Gold is not an...