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Yes this how it works, Thailand function like this as well. with a bit of saving or using credit card (or whatever form of debt) you can bypass this issue at reasonable costs. They only have control over the Malaysian banking system, if they investigate you they can check your bank account and...

Selling assets fall under capital gain tax, not income tax, no matter where it came from. There is no capital gain tax in Malaysia except for selling local property below 6 years of holding (or something close to that). Dividend might be seen as income however and fall under the income tax if...

https://www.yuh.com/enIs this open to non resident ? How is the opening process ? Similar to Swissquote ?

No capital gains tax in Malaysia, you won't get taxed selling stock at a personal level whatsoever. There is no ibkr Malaysia, only ibkr Singapore, all accounts in Asia are opened under the SG entity if I am not mistaken. Some interesting new visa option for Malaysia : MDEC announces DE...

https://www.expat.hsbc.com/expat-explorer/expat-guides/spain/tax-in-spain/ 45% tax rate + 6% social tax on income above 60k euro, this is hell. Depend on your country of origin, often if you are not a tax resident anywhere you are automatically a tax resident of you country of origin.

Thanks for the details, I am not very familiar with the Philipines yet so this is golden for me, thanks again!

Just give them any address if they don't ask for any proof, its just to fill the form on their computer for legal reason and all the KYC bulls**t all the banks in the world have to comply with ... My guess is if you happen to be suspected of money laundering or terrorist activity then they will...

From my understanding anything that happens with a US LLC falls under personal tax where you are a tax resident, maybe someone can confirm/refute this ... Indonesia do tax on worldwide income if I am not mistaken. Any reason to keep profit from this LLC ? Also given US LLC owner are not...

You work from home and your company pays you in cryto but requires you to be physically in Spain ? Thats BS unless they have a way to verify you are actually present in Spain, simply use a VPN with servers in Spain to connect through and don't stay in Spain more than 180 days to avoid becoming...

Thx Guys for the feedback, very appreciated ! I guess I could get a friend to be the middleman with a company on his name to avoid any potential legal problem.

ok but the point is to tell IBKR that you are a tax resident of the Philippines, pretty sure it must be very doable to get a tax ID there if you spent over 183 days in the country. the whole point of moving to a territorial taxation country like the philippines is to become tax resident.

IBKR will open an account easily from everywhere except from sanctioned blacklisted countries.

A banking license is no joke, the hassle to get this in Switzerland mean its extremely unlikely or rather downright impossible for bad actors go through this.

Any feedback ? Anyone ? Is this dumb/stupid or too obvious ? I am looking for feedback before I execute on this so as to hopefully not hit a wall right off the bat ... Would the Mentor group able to help me on this ?

If I opened a US LLC + mercury or wise as bank account and then fund this company with about 10-20k USD from my personal bank account and then remit this amount to another company offshore on a monthly basis, how likely is it that they will ask question and close the account ? Could this last...

I am not sure, looks to me like he only wants to benefit from the swiss banking rules and protection, also he doesn't seem wealthy so that would fit perfectly. With Swissquote, you just move a few dozen thousands of your investment to sit there and you have all the benefit of a swiss bank and...

Without spending over 183 days in Thailand you won't be able to get a tax return I believe. it is very easy to get a TIN and a tax return if you spend 183 days and remit some money in a Thai bank that you can declare as income. make sure to remit over 10-15k USD if you want a proper Certificate...

Swissquote or Dukascopy have a full fledged Swiss banking license approved by FINMA and all, you funds are protected as any other swiss bank if I am not mistaken, right ?

You can try CIM Banque, don't think the deposit requirement is very high like low 5 digits amount. Swissquote is a good alternative, Swiss bank + brokers, lots of thread in this forums about it.

Malaysia has a territorial taxation system and doesn't tax capital gains on a personal level. income is potentially taxed if you remit into the country to a local bank account, like Thailand. They want to know the country where you are a tax resident and where do you live with proof.