Creating own trading system

Quote from NetTecture:

Maybe he is also just staying there for other reasons, like taxes. "Staying in Hong Kong" does not mean "Trading in Hong Kong". I am not sure you heard of it, but especially when doing automated trading you can "rent" or "colocate" computers in other countries.

Talking as a German living in Poland (for tax reasons) with trading interest in the USA.
More...

Yes, but sound like he is doing HFT with his own program. May be he can somehow rent a server near wall street to HFT in USA while he sleeps?
 
Quote from gmst:

You are correct HFT in Hong Kong is nothing compared to HFT in US. However, I know for a fact that there is a still a huge amount of HFT happening in Hong Kong. Not only in the stock market but also in the options market. Taxes in general are lower in Hong Kong.
More...

How do you know there is huge amounting of HFT happening in HK:p
 
Quote from j2ee:

Yes, but sound like he is doing HFT with his own program. May be he can somehow rent a server near wall street to HFT in USA while he sleeps?
More...

Well, I definitely can rent a server near the CME while I sleep and run my own code from there.
 
Quote from gmst:

This is actually a good point. I have often wondered if it is possible to setup a Dubai based entity, wire your money in that entity and trade from there - solely for the tax purposes. I am sure some folks are actually doing this.
More...

Possibly but tricky if you are not living there - you have to set up a corp and everything you take out will be taxed.

Being US citizen anyway meanss everything you earn worldwide is taxed in the US.

For the rest of us, that would work IF (!) we MOVE to Dubai and live there (183 days of the year) so that your income is taxed in Dubai.
 
Quote from NetTecture:

Possibly but tricky if you are not living there - you have to set up a corp and everything you take out will be taxed.

Being US citizen anyway meanss everything you earn worldwide is taxed in the US.

For the rest of us, that would work IF (!) we MOVE to Dubai and live there (183 days of the year) so that your income is taxed in Dubai.
More...

That is what I was thinking, he sounds like from USA, then no matter where he is, he supposes to pay tax except he doesn't report his HFT!?

Do US people need to pay income tax even win money from futures, stocks? I don't know about this.
 
Quote from NetTecture:

Possibly but tricky if you are not living there - you have to set up a corp and everything you take out will be taxed.

Being US citizen anyway meanss everything you earn worldwide is taxed in the US.

For the rest of us, that would work IF (!) we MOVE to Dubai and live there (183 days of the year) so that your income is taxed in Dubai.
More...

There is actually a better solution. As you said this will work only for non-US guys.

Spend around 4-5 months in Dubai and other 1-2 months in some other third country, say ABC. So that in your home country, you spend less than 182 days. Then it is my understanding that you won't have to pay taxes on your income while in ABC - since you could be their on tourist visa while your server keeps running.
 
Quote from gmst:

There is actually a better solution. As you said this will work only for non-US guys.

Spend around 4-5 months in Dubai and other 1-2 months in some other third country, say ABC. So that in your home country, you spend less than 182 days. Then it is my understanding that you won't have to pay taxes on your income while in ABC - since you could be their on tourist visa while your server keeps running.
More...

That is PT (Perpetual Traveller) status and that is REALLY hard to get right. Sucks - much better to legally base yourself in a low tax country that is nice enough ;)

Except when you are american... then basically you are ****** because this is about the only government that declares "citizens owe use tax whether they live in our country or not".
 
Quote from j2ee:

That is what I was thinking, he sounds like from USA, then no matter where he is, he supposes to pay tax except he doesn't report his HFT!?

Do US people need to pay income tax even win money from futures, stocks? I don't know about this.
More...

Depends. Either capital gains in some sort or.... well, if you do that for a living you may WANT to count that as commercial income. I definitely do - the amount of tax write offs I get from that is seriously significant ;)
 
You must log in or register to reply here.
Back
Top