Swing Trader Taxtation

[liroyb]

Are there any countries left that won't tax swing trader (stocks, no crypto)?

 

[daniels27]

I think many counties do not tax capital gains. Also even in the US you‌ can use Roth IRAs for that.

 

[liroyb]

When you frequently trade‍ they no longer consider it capital gains, they consider it business income.

 

[aniglo22]

Monaco

 

[daniels27]

Yes but it also depends on the account you‍ trade etc. Also, I think in places like Hong Kong you don't even have to⁠ report such activity.

What about middle east, I think you may get well go under⁤ the radar too.

Otherwise you may open a brokerage account in a country you no⁣ longer reside C keep trading.

 

[aniglo22]

It's a retirement account‍ , it's definitely not made for swing trading

 

[daniels27]

Photoshop also was not made to fake utility bills, bank statements etc. But‌ we still use it for that.

Roth IRAs can be used that way.

 

[CyprusLawyer101]

Cyprus does not tax any income from stock disposal irrespective of the‍ type of strategy used

 

[aniglo22]

But if he trades stocks CFD, I think he‍ needs to pay tax or ? Because its a Derivative

 

[CyprusLawyer101]

No

 

[ferchina]

If cryptos are purchased through European ETPs, such as‍ bitcoin:
CoinShares Physical Bitcoin ISIN: GB00BLD4ZL17 Ticker: BITC

The legal structure is listed as: Legal⁠ Structure Debt Security (ETP)

This would be listed as stocks and would be tax-free for⁤ Cyprus?

 

[Don]

Its taxable if the underlying asset‍ is a commodity, but sales of shares of companies are exempt from tax.

 

[CyprusLawyer101]

No.

 

[Radko]

Cyprus is full of traders, they all go there to stop paying‍ capital gains tax.

Also no taxes if you move to Panama, plenty of traders there⁠ as well.

 

[liroyb]

Are you forced to form a company and trade under the⁠ company? or can trade under your name?

 

[Radko]

Good question... everybody wants you to form‍ a company, that's how they make money, but there is no need to have a⁠ company, no need to be a Non-dom, just a resident and off you go (there⁤ is no capital gains tax in Cyprus as an individual).

 

[liroyb]

Thanks a lot for clarifying. What about interest⁤ income from bonds, exemption requires non dom status?

 

[Radko]

I only trade futures, so I have no idea‍ about bonds and the interest, but I imagine interest are treated as foreign income, so⁠ I don't think there are taxes on that.
Also there is no withholding on foreign⁤ dividends in Cyprus.
Of course if you generate dividends in the US you're subject to⁣ the US withholding rate, which is 15% based on the double tax treaty the US⁢ has with Cyprus.

No need for the Non-dom.

Hope that helps..

 

[liroyb]

So if
So if EU⁢ citizen wants to relocate Cyprus without the usual non dom procedure, what should he do?︀

 

[SoNewToAllShit]

If you relocate to Cyprus and only trade stocks and cryptos you get not taxed‌ on the gains in Cyprus, or only apply for stocks ?