Best Country for Trading (Tax efficiency)

[dw31583]

So that you officially trade in the low-tax country, but you can also make travels to your home country etc. without leaving much traces if there are no border controls...

Research the postings here about Latvia and Estonia; they are IMO very interessting, and some people here have already made experiences. They can help you better as I'm in the same situation like you...

Isle of Man is another place which could be interesting. The corporate tax for a trading company is 0% so you'd pay only dividend taxes just like in Estonia. However there is a big advantage in the case of Isle of Man. As you may know the EU is going introduce a similar publicly accessible registry of the beneficial owners of all EU companies that the UK did a few weeks ago. So trading from Estonia with a company or from the Isle of Man is a really bad idea unless you don't care if everyone can see your wealth.

However there is a special tax regime in Isle of Man for foreigners. You can apply for a 5 years tax-cap on your worldwide income and you can extend this cap for another five years every time your cap expires. The beauty of this is that you could use a Nevis LLC to trade and you would pay a maximum tax of 200,000 GPB per year. So your income tax rate would be 20% but max. 200k GBP. So you don't have to use an EU company thus you can enjoy some privacy yet you can enjoy low taxes.

Another beauty of the Isle of Man is the huge banking sector. As a resident you can open a bank account with 90% of the leading multinational investment banks as nearly all of them has a branch there where they're providing their private banking services for other European residents.

 

[dw31583]

Anyone any idea what's the case if you're a resident in Malta as a non domiciled but you take a flight on each Sunday to another EU country then you trade there from Monday till Friday and then you go back to Malta on Friday night on Saturday morning? What's the case then, is this taxable or not?

 

[Mtrader]

Anyone any idea what's the case if you're a resident in Malta as a non domiciled but you take a flight on each Sunday to another EU country then you trade there from Monday till Friday and then you go back to Malta on Friday night on Saturday morning? What's the case then, is this taxable or not?

I don't understand you. You tell that you make 8 figure, before tax with leveraged fx trading. But you have no money to ask this to an expert?

Is it a paper account you make 8 figure profits in?

You did not specify in which currency these 8 figures are made. Probably in Armenian Dram, so it equals about $21,000. Not so spectacular, but at least profitable.

Take your yacht and trade when you are in international waters. No taxes to pay.

 

[CALLumbus]

Lol !

 

[dw31583]

I don't understand you. You tell that you make 8 figure, before tax with leveraged fx trading. But you have no money to ask this to an expert?

Is it a paper account you make 8 figure profits in?

You did not specify in which currency these 8 figures are made. Probably in Armenian Dram, so it equals about $21,000. Not so spectacular, but at least profitable.

Take your yacht and trade when you are in international waters. No taxes to pay.

If you ask 10 professionals about the case of a daytrader (fx) who is also a perpetual traveler then the 10 professional says 11 different opinions. Try it yourself.

Btw I shouldn't have answered the question about my income, that's for sure.. Try to move on.

 

[p0box4]

If you ask 10 professionals about the case of a daytrader (fx) who is also a perpetual traveler then the 10 professional says 11 different opinions. Try it yourself.

Btw I shouldn't have answered the question about my income, that's for sure.. Try to move on.

Whit an 8 figure income you can go to the best in the industry, they will tell you a good solution.
Of course it could be that another expert gives you some other advise than the other one, but as long as it works for you then what is the problem? Top lawyers and accountants should be able to help you but they don't come cheap.

Anyway, another interesting place may be the Seychelles.

 

[dw31583]

Whit an 8 figure income you can go to the best in the industry, they will tell you a good solution.
Of course it could be that another expert gives you some other advise than the other one, but as long as it works for you then what is the problem? Top lawyers and accountants should be able to help you but they don't come cheap.

Anyway, another interesting place may be the Seychelles.

There are plenty of "solutions" to avoid paying taxes. I never said the opposite. I've paid for advice and received many but I don't like any of them. I don't want to live in Dubai, nor in the Bahamas, etc.

If you would take your time to read my question then you could see that I was asking your opinion about a particular thing and I didn't ask you to tell me where could I avoid paying taxes as I already know those places. The problem is, whether you believe or not, that even the professionals doesn't know what's the case with perpetual traveler daytraders as it's a grey area. Since I would do anything to avoid going to Dubai, therefore I was curious what do you guys think about the proposed Maltese thing. That's it.

Btw if you go back to the 34th page then you can see that I've received a really detailed advice which covered many countries.

 

[Mtrader]

Btw if you go back to the 34th page then you can see that I've received a really detailed advice which covered many countries.

I read on your page 34: “I'm an EU citizen so I can take a residency in another country and potentially I could escape the taxes. However the problem is way more complicated than this. I'm trading currencies, full-time, on a daily basis, as a day-trader.”

No, the problem in not complicated, it is very simple but you have to make concessions. To have a low taxation level you have to comply with certain conditions. These conditions vary from country to country as the taxation level varies too. You don’t want this or that and finally none of the low taxation areas are left over. So you are complicated.

I read on your page 34: “The things I'm going to share below are facts. You can check the rules with each country. I'm thinking about my relocation since 2013 but I still can't find a good place to live without paying taxes.”

What you share are not always facts.

First of all for, at least for one country the information is completely wrong.

And secondly your accuracy is not really great. Taxation level as personal income is different for each of the mentioned countries.

• Netherlands: Same, trading is considered personal income thus taxable.
• Belgium: Same.
• Bulgaria: Same.
• Thailand: Same.

For the countries you mention rates go from 10% to over 50%. But you say: “same”. So 10% or 50% is for you the same? Taxation as personal income is not a problem, the problem is how much is the taxation?

Something that is very strange too is that you are thinking about relocation since 2013 and still did not take action. Why this is strange? Because you make 8 figures profits and could save millions every year. But apparently you are not in a hurry.

So there are three possibilities:

1. You pay huge taxes every year.
2. You don’t declare your income and pay nothing.
3. You don’t make 8 figures.

I don’t make 8 figures profit but I took paid professional advice and moved to a low taxation country.

 

[dw31583]

I read on your page 34: “I'm an EU citizen so I can take a residency in another country and potentially I could escape the taxes. However the problem is way more complicated than this. I'm trading currencies, full-time, on a daily basis, as a day-trader.”

No, the problem in not complicated, it is very simple but you have to make concessions. To have a low taxation level you have to comply with certain conditions. These conditions vary from country to country as the taxation level varies too. You don’t want this or that and finally none of the low taxation areas are left over. So you are complicated.

I read on your page 34: “The things I'm going to share below are facts. You can check the rules with each country. I'm thinking about my relocation since 2013 but I still can't find a good place to live without paying taxes.”

What you share are not always facts.

First of all for, at least for one country the information is completely wrong.

And secondly your accuracy is not really great. Taxation level as personal income is different for each of the mentioned countries.

• Netherlands: Same, trading is considered personal income thus taxable.
• Belgium: Same.
• Bulgaria: Same.
• Thailand: Same.

For the countries you mention rates go from 10% to over 50%. But you say: “same”. So 10% or 50% is for you the same? Taxation as personal income is not a problem, the problem is how much is the taxation?

Something that is very strange too is that you are thinking about relocation since 2013 and still did not take action. Why this is strange? Because you make 8 figures profits and could save millions every year. But apparently you are not in a hurry.

So there are three possibilities:

1. You pay huge taxes every year.
2. You don’t declare your income and pay nothing.
3. You don’t make 8 figures.

I don’t make 8 figures profit but I took paid professional advice and moved to a low taxation country.

1. With utmost respect, how many times should I tell you that I live in a low tax country already but even if you pay 20% it's still 20 percent more than 0%.
2. Yes, the Netherlands, Belgium, Bulgaria and Thailand are the same from that post's perspective: you gonna pay taxes there
3. I do declare my income and I pay all the applicable taxes
4. You have just written a long answer that doesn't answer anything. The question was about a PT with a base in Malta..

 

[p0box4]

1. With utmost respect, how many times should I tell you that I live in a low tax country already but even if you pay 20% it's still 20 percent more than 0%.
2. Yes, the Netherlands, Belgium, Bulgaria and Thailand are the same from that post's perspective: you gonna pay taxes there
3. I do declare my income and I pay all the applicable taxes
4. You have just written a long answer that doesn't answer anything. The question was about a PT with a base in Malta..

So you want to pay 0% tax but probably you do want to receive retirement, healthcare, cheap education, ...?