At least in most european countries it is not that easy.
You can trade tax free via an offshore company, but when you transfer money to your account you will have to pay CGT.
The biggest problem is, that many countries will tax all profits made once you leave the country.
Example:
trading...
I just read through some legal texts and found the mentioned different options.
However, the special status of 22.000 max tax is only available above a net worth of 2million. unfortunately this is not the case for me.
The text did not say anything about "trading tax". It even explicitly...
Hi H2O,
Good to have you with first hand experience. How hard was it to get a residence permit (I am a EU citizen so it should be easy >>?)
Do you have to file a tax report? What do you declare?
In some contries it seems that they try to tax you with income tax rather than CGT once they now...
It's not that bad. You can expect rent to be about 2x the price compared to other cities in Spain (e.g. Barcelona). For everything else you can just cross the border to get it.
And here is also the response I got from Malta. They did not specifically answer my forex question, but since I am...
It seems that Gibraltar would be the best option.
Here is the official information from the inland revenue department:
Question:
Is trading (FOREX) and earned interest tax exempt or are the regular personal income tax brackets applied?
Answer:
As a general principle, I can confirm that...
I also have to consider how easy it is to get a residence permit. Since I am a EU citizen it would be easiest to move to another EU country since we are free to move within the EU.
I heard of UK, Malta and Cyprus to be the most favorable locations.
Some sources mention that they do not tax...
No, just the residence. Unlike in the US most european citizenships come with no strings attached. Once you are out of the country you are pretty free from obligations and may get back anytime.
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regarding the brokerage firms:
I already have my accounts and have confirmed with my...
Hi,
Here is another option that has not been discussed yet.
Im a european citizen and I have been changing countries regularly during the last two year. (I don't stay anywhere for more than 6 month)
I currently still hold residency in my home country and pay tax there.
Since I would...