Why do I need ANY tax residency?

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Yes no one forces you to change address on an account it is your choice if⁠ you wish to break the banks terms and conditions most times. It is only a⁤ matter of time before IP geolocation will form part of CRS reporting under CRS indicia.⁣

Yes I opened my Georgian accounts with no address proof required years ago.⁢ Just told them my hotel room at the time. However in 2019 banks where the︀ local law allows it can choose not to follow basic KYC at their peril. Personally︁ I wouldn't want to deal with a bank that does not in 2019 check basic︂ details like a customers address.
 
You're talking gibberish.

IP of what? Of a⁤ place of a coffee-shop where I'm currently logged in? This morning I'm in one coffee-shop,⁣ this evening in another. Next week in another country. In a coffee-shop with my laptop.⁢ And so on. "I've changed my address. Now I live in a coffee-shop. But only︀ for this week".

How's my current IP linked to my physical address?
Given an IP,︁ a person may be in the range of hundreds of kilometers. This is how accurate︂ IP is.
IPs get redistributed often and sometimes my own IP shows that I'm in︃ a different country.

And IP can be dynamic, even if I remain in the same︄ place.

You wouldn't deal with the︉ 2 biggest banks in Georgia? In 2019. My experience.
 
Look. Internet discussions aside. The tangible, real-world problem you will face when living in EU15 nations︅ without being known as a tax resident in that, or any country, is this:

1. Communal registers in all EU15 nations perform door-to-door checks to see how many people, and︆ sometimes who, are/is living on an address. You can slip through the net for a︇ few months or a few years, but sooner or later someone from the register will︈ knock on the door. Or your neighbors rat you out. Or you yourself call the︉ cops/fire service/the ambulance because you need their help, and they subsequently report the # and︊ IDs of the people living on that address to the commune. It is extremely hard︋ to live on an address in EU15, without the commune's knowledge.

2. The commune will︌ at some point cross-reference the fact that somebody is paying water, gas and electricity bills︍ on that address, but is simultaneously neither registered as employed nor registered as being on︎ benefits. This is one of the most standard, in some cases periodic, cross-references carried️ out by EU15 communes after a person is registered on an address.

3. When there‌ is a match where someone is spending money to live somewhere, but is not registered‍ as earning money either in that country or elsewhere, the commune forwards this mismatch to⁠ the tax authority who will then begin to put 1 or 2 public or private⁤ investigators on the case in order to find out where this person's money to pay⁣ their cost of living comes from.

These investigators will go through your mail. They will⁢ take photos of you entering and exiting the address. They will inventory the value of︀ your clothes, the costs related to your children's schooling, note the presence of a wife︁ or girlfriend and keep track of your other mobile and immobile assets.

And then they︂ fucking murder you. With an estimated tax bill based on your calculated Yearly Consumption Spend,︃ plus 500%. Payable within 30 days. Or face a court summons.

The whole point of︄ that checkmate move is to shake you out of your address and into their office,︅ where you will hopefully come clean and pay a fine much lower than the issued︆ tax bill on the condition that you will not be caught like that a second︇ time.

The whole thing will eat years of your life away and is not worth︈ it. Don't play with EU15 nations if you don't want to pay taxes. Live elsewhere.︉ There is plenty choice. Staying in EU15 is a death sentence.
 
As long as you do not stay more than 183 days in a⁣ single country you're good (some variations do exist).

Yes, indeed they are a pain in⁢ the a*s ... and banking is a problem.

So get residence papers from somewhere else.︀
 
Is this really true? If yes, I will never︅ even consider these countries, it's a privacy nightmare
 
Another one that has zero understanding of indicia in CRS reporting 🙄. Enjoy your coffee....lol
 
Exactly.

My motto has always been if you read my posts to get out of⁤ EU in general while you still can nai¤%. Also corporate tax harmonization in EU is⁣ coming via backdoor whether people like it or not.
 
Possible in much of the world but expect to‍ pay us$150+ per night in EU15. Being invisible in EU15 only works if you have⁠ seriously strong finances so that you can afford to pay EUR10k hospital bills out of⁤ pocket should you get mowed down into an Austrian canal by an overly energetic cyclist,⁣ and end up with a subsequent throat infection due to sewage swallowed.

Sure. Won't happen⁢ to everyone. People are free to roll that dice.

Or. Live in Thailand, Georgia(!), Mauritius︀ or Chile where such treatment will sets one back no more than us$500.

I know︁ where I would sleep with both eyes closed at night 🙂
 
@ontherun, again, I'm not looking to *live* in the EU. Visiting the EU once‌ per year for 3 months by nobody's definition amounts to living there, does it? Especially‍ if I move around the EU, as well.

I'm familiar with the other places you⁠ mention. None of them are attractive to me in terms of lifestyle, except maybe Chile.⁤ For residency or tax residency, sure, as long as I don't actually need to be⁣ there much. But if (tax) residency implies a personal presence in excess of a few⁢ days per year, I'll probably need to look elsewhere. Chile requires half year presence, no?︀ And it's not tax-free either, or am I mistaken?

Panama would be alright, I guess.︁ Malaysia, too.
 
In any case, I understand now that it's *better* to have a country of residence.‌ I'm not looking necessarily looking for zero tax either, just low tax. I think that‍ gives me a few solid options, like Georgia, Panama, Paraguay etc.

Thank you all for⁠ your comments!
 
you will still not be able to︂ explain to your country's tax authority why your local bank account is able to Spend︃ money (on, at least gas, water and electricity for 3 months a year) while you︄ as a person are not registered as Receiving any money. you will simply stand there︅ choking, unable to give them any reasonable response. one look at you and the tax︆ inspector knows precisely what is going on. they'll then proceed with invoicing you for the︇ value of your bank account's yearly Spend, multiplied by 5 or 10 times. basically an︈ impossible amount. and they will want you to wire it within a few days or︉ go to court. you will have no choice but to come clean. i cannot recommend︊ your approach. not even for 3 months out of a year. don't play with EU15︋ communes!
 
I am looking to open a bank account‌ in which to receive funds via SWIFT transfer and then make deposits to a high‍ volume crypto exchange, such as kraken. The account can be in USD or EUR, although⁠ I'd prefer an account within the SEPA zone as same-day deposits would be beneficial.

I am willing to register an offshore company for this if necessary, although this should then⁤ be in a jurisdiction that has no regulation on the selling of crypto for fiat.⁣ Do you have any suggestions?
 
A certain Caribbean country I am from for example 😉. I‍ know a lot of Indians for example that still use Dubai residency for this purpose⁠ although I have my opinions over doing so long term.
 
Open a new thread. I don't think asking a new question under︀ this post is fair and makes it harder to later find thu&¤#.
 
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