Best Country for Trading (Tax efficiency)

[Swan Noir]

Exactly what taxes are you trying to avoid in what jurisdiction. Sine you will have no interest or dividend income trading fuures you may not need any structure.

Quote from jsengxx:

Hello,

I´am a Portuguese citizen and and trading futures with a well known american broker. I wan´t to develop my fiscal structure and was informed that the best way to do that is:

1. Form an IBC in Belize for trading per-posse only.
(I don´t know if I will be wildhold 30% in the US when trading from a tax haven?)
2. I whas thinking off forming an LLC in Delaware whit the Belize IBC for asset protection (register house etc.) but I was informed that it was better to form a second IBC Belize and than registrar a Company Limited by Guarantee in the UK for this purpose.

What about this structure?

When you lose money nobody is knocking on your door and when you gain they will be knocking on your door to tax you 20% (in my case)!

 

[jsengxx]

Quote from Swan Noir:

Exactly what taxes are you trying to avoid in what jurisdiction. Sine you will have no interest or dividend income trading fuures you may not need any structure.

I´am trading from Portugal. Here the gains are taxed at 20%.

 

[Pipflow]

Its really nice to know the countries which do not implement the tax on capital gains for non residents do exist. I means its simply wow.

 

[Swan Noir]

If you have friends, family and a happy life there pay the 20 points and don't go looking for greener grass. Everyone bitches about government but if you are lucky enough to have a rate of only 20% and reasonable first world services in a place you can warmly call home it's a fine deal.

Quote from jsengxx:

I´am trading from Portugal. Here the gains are taxed at 20%.

 

[jsengxx]

Quote from Swan Noir:

If you have friends, family and a happy life there pay the 20 points and don't go looking for greener grass. Everyone bitches about government but if you are lucky enough to have a rate of only 20% and reasonable first world services in a place you can warmly call home it's a fine deal.

Now way! We are paying taxes every day!
I wan´t a good tax planning and asset protection so that the government or another people cannot get to my assets.
It is completely legal too do so.

 

[cmb]

Quote from Swan Noir:

If you have friends, family and a happy life there pay the 20 points and don't go looking for greener grass. Everyone bitches about government but if you are lucky enough to have a rate of only 20% and reasonable first world services in a place you can warmly call home it's a fine deal.

I would agree with u. Lol for 20% tax rate they have probably a solid and affordable health care system, affordable universities, no worries about crime, kidnapping,extortion. Plenty of beaches,

Sounds like a bargain for us here in the states.

 

[Swan Noir]

OK ... you know best but I know a bargain when I see one. I think cmb sums it up well.

Quote from jsengxx:

Now way! We are paying taxes every day!
I wan´t a good tax planning and asset protection so that the government or another people cannot get to my assets.
It is completely legal too do so.

 

[luisHK]

Quote from Swan Noir:

OK ... you know best but I know a bargain when I see one. I think cmb sums it up well.

It seems to me that Jsengxx does intend to stay in Portugal, and really just tries to lower his tax bill while there. I have no idea abt what set up is valid for portuguese residents btw.

 

[jsengxx]

Quote from luisHK:

It seems to me that Jsengxx does intend to stay in Portugal, and really just tries to lower his tax bill while there. I have no idea abt what set up is valid for portuguese residents btw.

Yes, that is exactly what i am after. Here in portugal all the income that comes from trading is taxed ad a fixed rate of 20% this wil not incluid rates for healt care and retirement.

A tax planning is essential for every business. Why do you have to give it to the government when you can legally economize on tax?
You already pay a lot of taxes when you spend your money.

 

[Swan Noir]

Do you pay rates for health care and retirement ON THAT INCOME?

Quote from jsengxx:

Yes, that is exactly what i am after. Here in portugal all the income that comes from trading is taxed ad a fixed rate of 20% this wil not incluid rates for healt care and retirement.

A tax planning is essential for every business. Why do you have to give it to the government when you can legally economize on tax?
You already pay a lot of taxes when you spend your money.