Best Country for Trading (Tax efficiency)

dw31583 said:
This is what I said except you may be a bit wrong about Estonia although I don't get what's your issue with it. The company is not liable to corporate tax at the time of earning it but it's liable to a 20% corporate tax at the time of distribution however a resident owner shall not pay any further tax on such distribution.
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What I mean is bottomline the tax you pay before you can take the money personally is 20%. Whether it is corporate tax , income tax or any other tax is irrelevant. 20% is the cost. Money that stay is the company is not taxed, but you cannot use it private.
I prefer all money in my private accounts.
 
Mtrader said:
What I mean is bottomline the tax you pay before you can take the money personally is 20%. Whether it is corporate tax , income tax or any other tax is irrelevant. 20% is the cost. Money that stay is the company is not taxed, but you cannot use it private.
I prefer all money in my private accounts.
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I'd be fine with 0% on retained profit and 20% on the money that I spend but we all are different. My issue is the publicly available registry of the beneficial owners which will be available in all the EU countries from June or July of 2017. No more nominees or anything that could give you some privacy. Just like in the UK. Shame on the EU.
 
dw31583 said:
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When it comes to Bulgaria, it's indeed better to trade on your own name for privacy reasons but some may prefer limited liability........
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I only know of 1 broker that allows corporate accounts without personal guarantee by CEO. This fortunately is IB. But this was with swiss LLC, not bulgarian.

Regards
 
Hittfeld said:
I only know of 1 broker that allows corporate accounts without personal guarantee by CEO. This fortunately is IB. But this was with swiss LLC, not bulgarian.

Regards
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Bulgarian EOOD without personal guarantee can open a broker account without any problem in the US. I know at least 3 brokers that make no problems at all. Information is actual, openings were in 2015 and 2016.
 
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[QUOTE="dw31583, post: 4377499, member: 488869"
Malaysia is really easy and relatively fast. It takes about ~6 months to get your permit. Hong Kong is really hard unless you're going to employ some locals. The investor visa was the easiest entry to HK but it's been cancelled.[/QUOTE]


Investor visa is still available in HK, the more straightforward capital entrant scheme was discontinued in january 2015. Not sure any of those visas was ever popular btw, happened to see the numbers of applications a while back and they were rather low, the most popular immigration method for an entrepreneur beeing to set up a HK company and hire oneself as the director. I wonder werher the same shortcut works in Singapore.
For Malaysia it used to be less than 6 months. One walks in Kuala Lumpur and finds travel agencies advertising the immigration scheme, many agent contacts available on the malaysiamysecondhome website as well, the government at least until a little while ago seemed keen on promoting the scheme. Again i doubt the scheme beneficiaries bother to declare their overseas income to the Malaysian government, it is not supposed to be taxed and it is the kind of requirements that ticks off prospective investors/ immigrants
 
The investor visa has been cancelled in HK whereby you could just deposit $1.2 million into a bank and you got your residence in a couple of weeks. What you're talking about is employment based immigration. It may work or may not but as a trader you gotta pay taxes on your trading income. It used to work in Singapore as well btw, I'm not sure what's the case now. Although in the case of Singapore they granted you an employment based visa if you were a director in your own company with a high salary thus you paid relatively high taxes.

I don't know how much time did it take in Malaysia but presently it's between 3 and 6 months. Still, it not bad.

When it comes to foreign income (what is not foreign when you're trading within Malaysia) then you better declare it because they gonna see it. I know you like to ignore the effects of the AEOI but whether you understand it or not, it's working. In other words, no matter what you do, the Malaysian government knows about all your bank and brokerage accounts from 2018 so they can easily see if you're trading and not investing. Indeed, if you don't make much then they're unlikely to bother you but this doesn't mean that you're within the rules.

Btw even the dumbest tax advisors knows that if you're trading (trading!) on the money markets then it's not foreign sourced and it's taxable in every single territorial tax country. If you can get away with it then you just don't make enough to get noticed. However if you get audited then it's time to find the nearest church to pray.
 
dw31583 said:
The investor visa has been cancelled in HK whereby you could just deposit $1.2 million into a bank and you got your residence in a couple of weeks. What you're talking about is employment based immigration. It may work or may not but as a trader you gotta pay taxes on your trading income. It used to work in Singapore as well btw, I'm not sure what's the case now. Although in the case of Singapore they granted you an employment based visa if you were a director in your own company with a high salary thus you paid relatively high taxes.

I don't know how much time did it take in Malaysia but presently it's between 3 and 6 months. Still, it not bad.

When it comes to foreign income (what is not foreign when you're trading within Malaysia) then you better declare it because they gonna see it. I know you like to ignore the effects of the AEOI but whether you understand it or not, it's working. In other words, no matter what you do, the Malaysian government knows about all your bank and brokerage accounts from 2018 so they can easily see if you're trading and not investing. Indeed, if you don't make much then they're unlikely to bother you but this doesn't mean that you're within the rules.

Btw even the dumbest tax advisors knows that if you're trading (trading!) on the money markets then it's not foreign sourced and it's taxable in every single territorial tax country. If you can get away with it then you just don't make enough to get noticed. However if you get audited then it's time to find the nearest church to pray.
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i m typing from a mobile phone so it s a hasske to copy and paste link but u can go and check the hk immigration website for the difference between the capital entrant scheme and the investor visa. it is there, easy to find.

As of the rest we will see, according to u well known billionaires must be careful where they travel on holidays coz they might be taxed there, even the dumbest tax advisors know that. obviously. Soros, the russian and arab oligarchs travel freely but DW is afraid abt where he spends a week in vacation, u know, in case.he breaks the bank of england from there and gets noticed.for another of his otherworldly trades.
 
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And that s only for those who escaped jail amd public flogging in Dubai because they got laid there. Tough world out there. Me tell you.
 
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