10M.+ optimization tax residency when you have 3/4 bases.

[wellington]

JustAnotherNomad said:
Wow, would that be locals or other expats one would have to worry about?
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Well in this case, i would hazard a guess, not locals, most if not all cases have been non-locals, in my case specifically an American that 'is greedy' and has no morals (hence we removed him from the company previously).

As for danger level, quite high if he gets desperate, people look for methods of attacks, others just use a blunt object.

 

[daniels27]

wellington said:
Well in this case, i would hazard a guess, not locals, most if not all cases have been non-locals, in my case specifically an American that 'is greedy' and has no morals (hence we removed him from the company previously).

As for danger level, quite high if he gets desperate, people look for methods of attacks, others just use a blunt object.
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And you go in and your there with your kids?

 

[MementoMori999]

yngmind said:
I wonder why no one has mentioned the Georgian High Net Tax Residency Certificate here,

The High Net Worth Georgian Tax Residency program is a unique opportunity for those with an income over 200,000 GEL (approx. 80,000 USD) or personal assets in excess of 3 Million GEL (approx. 1,200,000 USD) to claim tax residency in Georgia without even having to step foot in the country.

https://expathub.ge/high-net-worth-program-georgian-tax-residency/
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It's a shame, it seems they've changed it in April 2023 so you need $500k USD worth of assets/property IN Georgia now, no matter which route you take (high net wealth or high income).

I was looking at it as a paper residency at a minimum (for banks) and possibly more (cash out before retiring back in my home Western country).

I'm sure applications for this program have dropped by 99%. Hopefully they re-consider it.

 

[JackAlabama]

MementoMori999 said:
It's a shame, it seems they've changed it in April 2023 so you need $500k USD worth of assets/property IN Georgia now, no matter which route you take (high net wealth or high income).

I was looking at it as a paper residency at a minimum (for banks) and possibly more (cash out before retiring back in my home Western country).

I'm sure applications for this program have dropped by 99%. Hopefully they re-consider it.
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why cant you use it as paper residency for banks without that one? They do have other easier options.

 

[MementoMori999]

JackAlabama said:
why cant you use it as paper residency for banks without that one? They do have other easier options.
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Well, originally it's because I wanted to avoid the 183 days there.

But now I'm thinking I wouldn't even have to do that as long as I have that paperwork, right?

And this would be the same for practically any country?

 

[JackAlabama]

MementoMori999 said:
Well, originally it's because I wanted to avoid the 183 days there.

But now I'm thinking I wouldn't even have to do that as long as I have that paperwork, right?

And this would be the same for practically any country?
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yeah, unless you have a gestapo bank asking for tax things. Maybe others have such banks (i dont as of now).

 

[MementoMori999]

JackAlabama said:
yeah, unless you have a gestapo bank asking for tax things. Maybe others have such banks (i dont as of now).
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As a matter of fact, Wise is asking me about that right now.

From what I understand it's kind of rare (and would also mean that account is probably done for).

I've talked about this in this thread, if you had any thoughts, I would like to hear them.

 

[wellington]

daniels27 said:
And you go in and your there with your kids?
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Me?

I live here, my kids are multi-national (including the nation).