what about tax dept that you didn't paid in your EU home country, they can collect it in Lichtenstein according to︀ EU rules?
What countries still have relatively good banking privacy?
- Thread starter cionide
- Start date
- Status
?? Lichtenstein is not an EU member, so no EU rules can be applied there. I am not aware about any special agreement between LI and EU concerning collecting of tax debts and I would be really surprised if any such existed. Of course, if your EU home country wins the case against you at the LI court (naturally, it may happen if the case is clear), then they will grab your money without hassles... 🙂
BTW,
@cryptofriendly , are you sure that in CH and LI it is really so easy? Honestly, I've never︀ needed it so I've never tried but if it is, I'll be really surprised.
(Yet I believe that in AT or DE it is easy and especially for EU nationals︁ it is really no trouble, so problem solved 😉 )
(I guess they are not talking︂ about tax residency. Can you comment, @jafo, according to your experience?)
As per my experience, it concerns all︄ DE-AT-CH-LI region; they are all somehow mutually friendly re: banking opportunities.
I guess that because of they are simply not well accustomed︇ there to park and maintain such amounts on investment accounts... (I do not speak about︈ accounts of locals.)
🙂 More – or go with wiLLBe 😉
Barclays International is fine but do not overlook that you will get there︍ the same (OK, almost the same 😉 ) level of absence of privacy as in the︎ EU...
Yes, if you believe that FATCA will remain unilateral; or choose a state where it is really difficult to sue you from abroad...
Honestly, I possess no experience with this; but my guess would be some state that is really conservative, self-governing, quite closed and with the absence of a common knowledge that there is also something outside the US border 😉 And some local bank, nothing like JPM Chase, BoA, Citi, Wells Fargo.
But generally, I do not believe in Uncle Sam, I must admit.
The same objection as for Barclays International... 🙁
🙂 🙂 🙂
@cryptofriendly , are you sure that in CH and LI it is really so easy? Honestly, I've never︀ needed it so I've never tried but if it is, I'll be really surprised.
(Yet I believe that in AT or DE it is easy and especially for EU nationals︁ it is really no trouble, so problem solved 😉 )
(I guess they are not talking︂ about tax residency. Can you comment, @jafo, according to your experience?)
As per my experience, it concerns all︄ DE-AT-CH-LI region; they are all somehow mutually friendly re: banking opportunities.
I guess that because of they are simply not well accustomed︇ there to park and maintain such amounts on investment accounts... (I do not speak about︈ accounts of locals.)
🙂 More – or go with wiLLBe 😉
Barclays International is fine but do not overlook that you will get there︍ the same (OK, almost the same 😉 ) level of absence of privacy as in the︎ EU...
Yes, if you believe that FATCA will remain unilateral; or choose a state where it is really difficult to sue you from abroad...
Honestly, I possess no experience with this; but my guess would be some state that is really conservative, self-governing, quite closed and with the absence of a common knowledge that there is also something outside the US border 😉 And some local bank, nothing like JPM Chase, BoA, Citi, Wells Fargo.
But generally, I do not believe in Uncle Sam, I must admit.
The same objection as for Barclays International... 🙁
🙂 🙂 🙂
I NEVER register anywhere. *** smi(&%
But yes, some of my more "gullible" & uninitiated childhood friends & relatives easily register in most places they arrive and open local accounts, but they have NOTHING for the unnameable to apply "disgorgement" to. So they are safe. 😉
*** PS. I prefer the Bubonic Plague to be in the vicinity of useless and unproductive gang members under the ruse of "government." Hence, I would NEVER EVER willingly go up to ANY of them! rof/% Exception? I do tend︀ to trust firefighters, though. 😉
But yes, some of my more "gullible" & uninitiated childhood friends & relatives easily register in most places they arrive and open local accounts, but they have NOTHING for the unnameable to apply "disgorgement" to. So they are safe. 😉
*** PS. I prefer the Bubonic Plague to be in the vicinity of useless and unproductive gang members under the ruse of "government." Hence, I would NEVER EVER willingly go up to ANY of them! rof/% Exception? I do tend︀ to trust firefighters, though. 😉
Many SEA countries don't even have CRS in place, so there should be more privacy by default. Not to mention that one can open the accounts as a resident, since residencies in countries such as Cambodia, Philippines or Thailand are easy and cheap to obtain, allowing you to open multiple accounts in each country.
Therefore, it becomes relatively easy and cheap to split at least $100-150k in 3 or 4 different countries across multiple accounts, which, by the way, usually have no fees or laughable ones in the worst case (like $10 a︀ year).
Even if an ex-wife suspects you have something like $30,000 in some bank in︁ Cambodia, good luck to her with all the bureaucracy to go after it...
Therefore, it becomes relatively easy and cheap to split at least $100-150k in 3 or 4 different countries across multiple accounts, which, by the way, usually have no fees or laughable ones in the worst case (like $10 a︀ year).
Even if an ex-wife suspects you have something like $30,000 in some bank in︁ Cambodia, good luck to her with all the bureaucracy to go after it...
Sure. I was under impression that︀ you had in mind frequently used locations as HK or SG. (Thailand is under CRS,︁ BTW.)
Would you believe in these countries, to park there some remarkable assets? I am︂ really just asking, I have no founded opinion...
Yes 🙂
Would you believe in these countries, to park there some remarkable assets? I am︂ really just asking, I have no founded opinion...
Yes 🙂
Not too remarkable, but parking $100-150k across a few SEA countries shouldn't be an issue. Many SEA countries also have deposit insurance, usually in the range of $30-50k per account.
- Status