Regular stock-trading platforms for non-CSR resident (Paraguay)?
- Thread starter el danes
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I am assuming that your IB account is registered to your PY address as a tax resident there, yes? Whereas the T212 account is still registered in the UK, hence the restriction. I ask all this because I am planning to move to Asuncion later this year and want to be sure that I don't have to close my ETF positions due to the kind of restriction in the EU, which I had also considered as a move but will not because of this and the high taxation in the EU.
Maybe.
Also it could be because as far as I have read, they offer fractional shares so maybe the ETFs you asked for, are not available fractionally. They do have a forum where you can ask for stocks/etfs not available and then wait until they add them.
Yes I do, full Paraguayan thu&¤#
You're right, T212 insurance is up to 85k.
Yes, also my T212 account is registered to my Paraguay address.
No problem until now, I just have 2 etf (buy-and-hold)
Well, it does appear and have the option to buy in IB. Currently I don't have funds in IB so I can't give it a try.
I don't know if the demo account will give more information regarding this.
I think it shouldn't be a problem, just subject to taxes.
Cool. Thanks. I thought that investments outside of PY are not subject to taxation. In other words, income generated outside of PY. No? How much tax to you pay on your portfolio capital gains?
You're right.. No tax on investments outside as long as you already payed taxes here.
I was talking about the US taxes conf/(%, the 30% withholding on dividends.
You can actually open a brokerage account in HK so you won't have any stupid European restrictions going on
Open a company in Panama or BVI with bank account and open a brokerage account elsewhere with your offshore company
Look at the link in my signature (I don't wanna promote anything but lol they accept nationalities and companies even from high risk countries)
Why not incorporating a company in a jurisdiction whith a tax treaty with the USA for avoiding the 30% tax?
Thanks but I would be wary of the many new fintech investment companies that pop up every month, especially the UK, where a lot of scams are based. Believe me I know from personal experience. Stick with large, well-established firms like IB. Also, jjrapy, I have been informed by knowledgeable people that PY frowns on anything offshore/tax haven. It's an immediate red flag to tax authorities there.
These guys are actually reputable since are in business for a long time.... They have a brokerage license in UK,HK,Cyprus and Malta so no bad
Yes, the new law is getting heavy and tighten some things that were advantageous before. dead:-!
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