UK non-dom: best offshore brokers and banks account
- Thread starter zedforzane
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Yes changing tax residency is def something to look in to. But I’m afraid it’s too late atm, uk tax residency is quite sticky so it’ll be around for a while.
Thanks. I'll give up on finding a low cost solution then. None of them seem to be able to segregate dividends to a different account.
Have asked IB if︀ I can move to one of their EU entities more than a week ago, their︁ response times seem to have dropped dramatically. Also asked whether they can segregate dividends but︂ pretty sure the answer will be no.
Have asked IB if︀ I can move to one of their EU entities more than a week ago, their︁ response times seem to have dropped dramatically. Also asked whether they can segregate dividends but︂ pretty sure the answer will be no.
oh hey! Look up cazenove capital too, if you're looking for management. Lower AUM fee than UBS, different customer approach. So far we like CS and Cazenove, but have another meeting with CS tomorrow. Still waiting on DBS.
That's a shame, but not surprised.
However I've recently learnt/understood that segregation only matters if you ever plan to remit the funds.︀ If it stays off shore (UK), then the structures or UK reporting / non-reporting don't︁ matter.
If you're sure you won't remit some funds then DBS is an option.
Or - if you put some with DBS that you won't remit, and then the rest︂ with a European crew like CS or Cazenove Capital for funds you might remit into︃ UK. I'm considering doing some spell like this as I like DBS, they have a︄ great reputation and I intend on having more presence in SEA in the future so︅ it may prove useful. Not to mention splitting between 2 investment banks across hemispheres is︆ appealing. Then also I will look further into managing more myself with swissquote or Saxo︇ trader etc.
That's a shame, but not surprised.
However I've recently learnt/understood that segregation only matters if you ever plan to remit the funds.︀ If it stays off shore (UK), then the structures or UK reporting / non-reporting don't︁ matter.
If you're sure you won't remit some funds then DBS is an option.
Or - if you put some with DBS that you won't remit, and then the rest︂ with a European crew like CS or Cazenove Capital for funds you might remit into︃ UK. I'm considering doing some spell like this as I like DBS, they have a︄ great reputation and I intend on having more presence in SEA in the future so︅ it may prove useful. Not to mention splitting between 2 investment banks across hemispheres is︆ appealing. Then also I will look further into managing more myself with swissquote or Saxo︇ trader etc.
You mean Citibank in Dubai? They no longer since well over 1 year accept non-resident clients so they kicked me out. Unless this rule of theirs has changed its pointless.
I am just curious . If it is offend you, accept my apology in advance.
How many bank account do you have ?
Can you give the list of name of the bank ?
How many bank account do you have ?
Can you give the list of name of the bank ?
Approximately 107 between banks, EMI's, MT's and brokers. But actual accounts (i.e individual IBAN's, account numbers) is too many to count.
No. I have not prepared such a list before.
No. I have not prepared such a list before.
No
No
In what way?
Thats a very private question to ask someone to list all the banks and brokers where they put their wealth and on a public platform ns2.
No
In what way?
Thats a very private question to ask someone to list all the banks and brokers where they put their wealth and on a public platform ns2.
No problem. No offence taken 😎
Some people don't even like to mention what country they live in on here. So to ask someone to list all their bank accounts is very uncomfortable question for me personally.
Some people don't even like to mention what country they live in on here. So to ask someone to list all their bank accounts is very uncomfortable question for me personally.
Hey folks! What is the overall assets amount when it makes sense to deal with remittance basis? The more I read about the fees of Barclays and the likes, the more I think that if you don't have at least few millions to invest, it's not worth it. One of the tax advisors told me the same. 20% CGT might be not that high after all considering the fees and limitations of these banks. And it saves you from a lot of hassle.
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