Best Country for Trading (Tax efficiency)

Quote from luisHK:

Well, at least if one can get the residency in Monaco and don't mind the cost, life would probably be nicer than in Gibraltar as there is no border check between Monaco, Italy and France. Life would be as much or more convenient than in the other small cities in the same area .One can even avoid traffic jams going in and out through trains.

There is a but for french citizens as they are supposed to keep on paying their tax to french authorities, but met a couple of french expats there, and it seems pretty hard for french authorities to know how much a Monaco resident is making.

I don't have the stats in hand, but would feel safer in Monaco than in HK, some of the chinese to chinese crime goes unreported in HK, plus the nights get a bit rougher in HK - yet HK does feel rather safe.

As of Symbian explaining a EU resident could trade tax deffered through an offshore corporation, if this company is an tax haven with 0% tax on cap gains, I doubt it would work legally in most EU countries, from memory some countries would tax their resident heftily on their corporate offshore profit even before they remit any money. It's worth looking into trading through a HK Ltd as it signed a bunch of tax treaties with european countries which might avoid some hassle, at least it does work for some businesses I'm familiar with - not sure abt equity trading.
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Yes, it is hard to get residency in Monaco that's why it is safe, clean and exclusive. There is a policeman per 62 Monegasque and Monaco plus most postage stamp sized European nations are not EU members eg Lichstentein, San Marino, Andorra, Vatican. Malta is the smallest ( in size) nation in EU.
 
If one trades US markets, the time difference in Asia is abt 12hours btw, all other things equal, European spots are much more convenient than asians'.
 
Quote from luisHK:

Monolingual is an overstatement as most hongkies speak either or both mandarin or english on top of cantonese but it's not the country with the best environment for sure. The local territory is much nicer in Singapore - yet I'd rather be next to Macau and Mainland China as next to Malaysia and Indonesia, plus fopr me at least, there is much more business going on in HK than Singapore.

It's rarely mentionned here but expats in China don't pay taxes on their offshore income. Life across the HK border in Shenzhen is nicer (IMO) and cheaper than in HK , plus it's very easy from there to use HK as a logistic center. Expat life is not as lively though and it might be a bit difficult without speaking chinese.
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Since we are in US, I was thinking of languages other than Chinese and having been to HK 3 times I doubt if one million of the seven speak enough English to be considered fluent.
 
Quote from dealmaker:

I doubt if one million of the seven speak enough English to be considered fluent.
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Indeed, and the trend since the handover is towards a worse spoken english in HK according to what I read. Funny (not so for me actually) is that Singapore is better even when it comes to chinese (mandarin). Cantonese is an extra challenge for those moving to HK, much less useful than mandarin in other places of the world.
 
If living across the border in Shenzhen, although a whole bunch of dialects will be heard, mandarin is the legal language and most commonly used. It makes more sense to raise kids in a mandarine than in a cantonese environment. A bunch of international schools are found as well.
 
Quote from AlphaBeta:

Interesting threat, I hope it is not dead yet.

If I want to find the best Country for Trading, I would only consider countries that have tax treaties with the US. Othervise I would risk being taxed as a US citizen, even though I'm not.

http://www.irs.gov/Businesses/International-Businesses/United-States-Income-Tax-Treaties---A-to-Z

However, I would also want to avoid widely known offshore centres, under scrutiny from EU.

Does it sounds like I on the right track here?
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Interested to know how you would be taxed as a us citizen if u are not a us citizen??
My understanding is that u don't pay cap gains taxes on trading to the IRS, you pay your home country cap gains tax rates
 
My understanding is that u don't pay cap gains taxes on trading to the IRS, you pay your home country cap gains tax rates
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That is also my understanding - if my home country has a tax treaty with the US. If my country does not, well then I'll have to pay the IRS. Am I wrong here?
 
Quote from cmb:

Interested to know how you would be taxed as a us citizen if u are not a us citizen??
My understanding is that u don't pay cap gains taxes on trading to the IRS, you pay your home country cap gains tax rates
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If he is trading US markets full time, through a US broker then he would be subject to income tax, not capital gains whether he lives here is a resident/citizen or not; of-course barring a treaty i.e. unless that tax treaty gives you an exemption from IRS.
 
Quote from dealmaker:

If he is trading US markets full time, through a US broker then he would be subject to income tax, not capital gains whether he lives here is a resident/citizen or not; of-course barring a treaty i.e. unless that tax treaty gives you an exemption from IRS.
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This is indeed correct. I am not a US citizen, trade US equities and derivatives through a US broker, and was required to sign form W-8BEN to claim treaty benefits.

http://www.sup.org/authors/docs/W8BENInstructions.pdf
 
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