Can we take the topic once again, sorry - where to relocate to for almost no tax?

[369]

Have a look at Mauritius.
If investing (opening a company) with $375k you can get‌ citizenship after 2 years.
Best of all should the multipolar world be implemented and traveling‍ restricted the mauritian passport is one of the best in my opinion as it allows⁠ to travel/relocate to all blocks,

 

[JohnnyDoe]

369 said:
Have a look at Mauritius.
If investing (opening a company) with $375k you can get citizenship after 2 years.
Best of all should the multipolar world be implemented and traveling restricted the mauritian passport is one of the best in my opinion as it allows to travel/relocate to all blocks,
Click to expand...

Unfortunately the real estate market is rubbish there

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[369]

yes thats‌ why i would never invest in their RE but instead claim that i invested $375k‍ into your own mauritian company.
Way better than donating $200k in a carribean passport which⁠ you won't see anymore

 

[JohnnyDoe]

369 said:
yes thats why i would never invest in their RE but instead claim that i invested $375k into your own mauritian company.
Way better than donating $200k in a carribean passport which you won't see anymore
Click to expand...

I'm talking about actually living in the place.

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[bismark]

Because of passport colour? what⁤ does black mean?

 

[StuartG]

I chose Thailand and it works perfectly for me

 

[andrew28fl]

Did you go the Elite visa route? Any thoughts on the new LTR visa? Where in‌ Thailand do you live? I have been eyeing bangkok and planning a visit this coming‍ winter.

 

[celizo]

Residents will‌ be able to buy RE outside foreigners schemes from 2023.

https://tbimauritius.com/mauritius-budget-real-estate/

 

[JohnnyDoe]

celizo said:
Residents will be able to buy RE outside foreigners schemes from 2023.

https://tbimauritius.com/mauritius-budget-real-estate/
Click to expand...

Interesting. But the quarantine rule for pets means nobody with a furry friend will move there.

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[StuartG]

Personally, I don't use Elite or consider new⁠ LTR - I like to be "under the radar", though I emphasise that I do⁤ nothing illegal or even remotely reprehensible. Also depends upon your age - I have a⁣ retirement visa (>50).
4 main places in Thailand to consider - Phucket - a relatively⁢ expensive beach holiday resort but only 7 months of good weather (has a monsoon), Pattaya︀ a larger, cheaper beach resort close to Bkk, with a better climate and more to︁ do but can be seen as "seedy" to some people, Bkk itself - a huge︂ cosmopolitan city with everything including traffic and all the advantages and disadvantages of a giant︃ city. Hot and steamy though probably not as bad as Singapore. Chiang Mai in the︄ north which has a much slower and quieter pace of life. There are also other︅ cheaper and quieter places if that suits you. VERY cheap to live in the countryside︆
I live in the countryside 20kms outside Pattaya and 100kms by motorway to the main︇ BKK airport. Great communications and transport links, restaurants, international supermarkets and golf courses. This has︈ suited me perfectly for the last 16 years

 

[TheCryptoAnt]

TBH out of all the tax efficient options out there Thailand is the one that slaps‌ the hardest.

Nice weather, friendly locals, cheap, easy to get western stuff...
Expats can be‍ a but obnoxious some times tho so one has to navigate that.

Im glad to⁠ hear you are enjoying it there

 

[StuartG]

I agree 100%⁤ - especially about the obnoxious Expats!

 

[clemens]

It's way beyond the culture I know‍ of so it won't work for me.

 

[TheCryptoAnt]

Thai culture is not that difficult to handle, have you been‍ there?

Why do you find it not compatible?

 

[wheelspin]

they even legalized weed!

 

[zzzzzz]

Is Thailand visa (elite, retirement...) useful as "paper" tax︇ base for somebody with foreign income from investments (leaving funds abroad or remitting 1 year︈ later) or you actually have to be present there 183 days per year, have some︉ address, renting...? Do you pay any taxes there and have a tax number?

 

[clemens]

Have not been there and will‌ never enter their boarders. For me Thailand is the most nasty and crucial country in‍ the world. It's for sex-hungry tourists with bestial fantasies.

If they would give me 1000⁠ $ a day I would not come there.

 

[Mercury]

Mazars Thailand -⁤ Thai sourced income and residence rules

Quotes:

"An individual will be considered a Thai tax⁣ resident in a particular calendar year if he lives in Thailand for 180 days or⁢ more in such calendar year."

"If such income is considered foreign sourced income (income derived︀ from work performed outside of Thailand, business conducted outside of Thailand, or property situated outside︁ of Thailand) it will be taxed in Thailand only if: i. an individual is︂ a Thai tax resident; and ii. such individual brings such income into Thailand in the︃ same calendar year that he receives it."

 

[RealDude]

what does „income derived from work performed outside of Thailand“ mean when i live in‌ thailand as a foreigner with an elite visa?

 

[khinkali]

For example‍ you fly to UAE for a week or two, get paid for the work there⁠ tax free and come back to Thailand without bringing the money in this year.

In many places, that would be taxable in your country of tax residence but Thailand's territorial⁤ system doesn't tax it.

Also, in practice people have been allowed to do online freelancing⁣ while in Thailand for foreign clients, without need for Thai tax or a work permit.⁢ I don't know if this is just lax or generous treatment of those individuals, or︀ if there is any legal basis to rely on. Personally I wouldn't want risk it︁ at scale, as enforcement can be quite different if you look like you have a︂ lot of money.