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I would wait and see on this one. Just because something is officially law doesn't mean it's enforced in any meaningful way. For a country that depends so heavily on foreign money it's such a massively self-sabotaging move that I just don't see it playing out. If they really do enforce it...

Interesting thought experiment. I think wherever you go you'd have to accept some pretty big trade offs. In Japan foreigners can own property (with a permanent residency) and can even get extremely low fixed rate loans (sub 1%) up to I think $300k.* *That's another consideration: can you get...

The owner of this particular exchange specifically told me that there's no record keeping of any kind. They seem to deal mostly with Russians, maybe that's a factor. I hear you. But you won't stop progress and you probably won't become an Amish. I'm a big fan of Bitcoin Cash for that reason...

The remittance law is for money coming in from abroad. It seems to be the case that if you deposit cash into a bank from within the country, nobody really asks questions about where it came from. Generally speaking the people here have neither the resources nor inclination to do any...

Is this a loophole that would work for avoiding the remittance tax? - Send yourself crypto - cash it out at one of the local crypto exchanges in BKK / Phuket / Chiang Mai - deposit cash into thai bank

You sir, are exactly the kind of dangerous do gooder that I wish to get and stay far away from.

Thanks for your comment, but I think you've misunderstood the situation. I can afford my child and spouse just fine, she doesn't work and raises our offspring full time, and we're very happy. Furthermore, I will *always* take care of my family no matter what happens. That is an obligation...

Couldn't you simply verify paternity with a DNA test? Interesting, so you have to be legally married in order to add your spouse to one of the CBI programs? Are there no other ways to prove that someone is in fact your legitimate spouse short of legal marriage? Thanks.

Hi gents, I'm a US citizen with a foreign girlfriend (Eastern European). We both live together in Southeast Asia. We have a 3-month old son. My plan in the next few years is to acquire a Citizenship by Investment in the Caribbean for the 3 of us, and then to renounce my US citizenship. My...

No debts, no liabilities, no contracts. Everything has been moved over to the US LLC. I also have a Hong Kong Paypal account but no HK bank account.

Oh man, you must be thinking of a different Hong Kong than I am! rof/% If you value your time and sanity at all, you'll stay far away from Hong Kong corps. it was fine for me for years but in the recent few years it's become an absolute, unrelenting nightmare. If you love getting...

In Hong Kong you have to apply for the offshore exemption every year with the IRD. So make sure to tell your service provider / accounting provider in HK to apply for the exemption. I've never had IRD not grant it, so you should be fine. As long as you don't have any team members or customers in...

I've recently moved all business operations away from my Hong Kong limited company to a simpler structure (a US LLC owned by a BVI; yes, believe it or not that's much simpler). I began the process of de-registering the Hong Kong company but it's such an enormous pain in my balls that I'm...

Yes. Better reputation.

The US LLC will be able to get all of those without an issue. BVI acts as a holding company. I'm American, live abroad. YMMV.

US LLC owned by a BVI.

Forget Hong Kong. It's become a progressively bigger pain in the balls over the last decade. So much so that I'm dissolving my Hong Kong company and going with an alternative structure. With Hong Kong you can expect: Endless paperwork often has to be posted and signed by you and sent and...

I think where you're incorporated matters a lot for certain types of businesses. But not ours. Yes you get access to US banking and Payment processors with a US LLC. But the question is: if an offshore corp is the sole owner of that LLC, will you be able to transfer money from Stripe or...

I've been living in Asia full time for over a decade, my entire life is here. I have no desire to ever live in the USA again beyond isolated visits to see family (and that, reluctantly). The very thought makes me shudder. That includes Puerto Rico, which is for all intents and purposes still...

I'm a US citizen living abroad and I run a services company through a Hong Kong limited corp of which I'm the sole owner. But the yearly costs and headaches of accounting, auditing, and trying to communicate with my service provider in broken English are driving me nuts. Plus, ever since...