Exploring the flag theory of being mobile, diversified and manage taxation...

[neogene]

I have not researched this aside from just now, but my wife is Czech and she raves about Croatia.

According to this, there is no taxation on capital gains.

https://internationalliving.com/countries/croatia/taxes/

Croatia has no wealth tax, and the following income is tax free:
• Pensions received from abroad

• Interest payments on loans, investments, securities, deposits with financial
institutions, and similar incomes

• Capital gains from trading securities and other financial assets

• Capital gains from real estate if you occupied the property, held it more than three years, or sold it to your spouse or an immediate family member

• Inheritance and gifts are exempt from taxation in the first line of succession. (In other cases, there is a flat rate of 5%.)

Foreigners are subject to tax on the following forms of Croatian income:
• Income from employment that is received in Croatia or from work in Croatia

• Income from a business in Croatia

• Income from real estate

• Income from one’s own or chartered marine ships/aircraft used for dispatching goods or people from Croatian ports/airports

• Income from independent personal activities (deliveries of goods or rendering of services) that are carried out in Croatia or abroad, and are used for the performance of an activity in Croatia

• Income from capital or insurance that originates from within Croatia.

I have not researched this aside from just now, but my wife is Czech and she raves about Croatia.

According to this, there is no taxation on capital gains.

https://internationalliving.com/countries/croatia/taxes/

Croatia has no wealth tax, and the following income is tax free:
• Pensions received from abroad

• Interest payments on loans, investments, securities, deposits with financial
institutions, and similar incomes

• Capital gains from trading securities and other financial assets

• Capital gains from real estate if you occupied the property, held it more than three years, or sold it to your spouse or an immediate family member

• Inheritance and gifts are exempt from taxation in the first line of succession. (In other cases, there is a flat rate of 5%.)

Foreigners are subject to tax on the following forms of Croatian income:
• Income from employment that is received in Croatia or from work in Croatia

• Income from a business in Croatia

• Income from real estate

• Income from one’s own or chartered marine ships/aircraft used for dispatching goods or people from Croatian ports/airports

• Income from independent personal activities (deliveries of goods or rendering of services) that are carried out in Croatia or abroad, and are used for the performance of an activity in Croatia

• Income from capital or insurance that originates from within Croatia.

Unfortunately, it's not always clear as to whether my cash flow from stock market trading counts as capital gains or regular business income. I don't trade daily, but I do trade once every 2-4 weeks or so (maybe more if I have to exit when market gets volatile). And since I depend on that as a main source of income, I fear most tax jurisdiction would view it as a business/personal income rather than capital gains. It's why I tend to lean towards countries that have no personal/biz income or have low tax on it anyway.

 

[neogene]

So at least Singapore and Switzerland are so incredibly expensive to live in that you'd need to be trading way more that the OP is talking about to come out ahead from the tax savings. Hong Kong and Taiwan may be similar, I just haven't experienced either place.

Well, I'm cautiously optimistic but I figure in half a decade or so I should be able to live in Switzerland or Singapore easily with the cash flow and capital I'd have. Switzerland may be too boring for me though I'd love to visit and enjoy the nature there someday. I imagine Singapore is like Vancouver on steroid so maybe.

Taiwan does have 20% flat tax option for foreigner expats. I visited there briefly so I can't comment too much. Hong Kong is kinda similar as Singapore I suppose I donno. I'd be excited to be able to afford visiting them and figuring it out for myself as to how I feel about these places we'll see.

 

[blink18]

I have not researched this aside from just now, but my wife is Czech and she raves about Croatia.

According to this, there is no taxation on capital gains.

https://internationalliving.com/countries/croatia/taxes/

Croatia has no wealth tax, and the following income is tax free:
• Pensions received from abroad

• Interest payments on loans, investments, securities, deposits with financial
institutions, and similar incomes

• Capital gains from trading securities and other financial assets

• Capital gains from real estate if you occupied the property, held it more than three years, or sold it to your spouse or an immediate family member

• Inheritance and gifts are exempt from taxation in the first line of succession. (In other cases, there is a flat rate of 5%.)

Foreigners are subject to tax on the following forms of Croatian income:
• Income from employment that is received in Croatia or from work in Croatia

• Income from a business in Croatia

• Income from real estate

• Income from one’s own or chartered marine ships/aircraft used for dispatching goods or people from Croatian ports/airports

• Income from independent personal activities (deliveries of goods or rendering of services) that are carried out in Croatia or abroad, and are used for the performance of an activity in Croatia

• Income from capital or insurance that originates from within Croatia.

Of course they have capital gains tax. Don't be fooled by some obscure blog/website.

 

[neogene]

Of course they have capital gains tax. Don't be fooled by some obscure blog/website.

No capital, no capital gains tax (big brain moment)

 

[d08]

Well, I'd have to physically live in Malaysia to become a tax resident I presume so I cannot have rental contracts outside Malaysia... though I suppose I could in theory just rent a slum for cheap in other countries and use that to make a bank account/trading account and then head back to Malaysia and work via internet. However, I'm not sure how legal that would be thought.

I do trading in equity and future market as a primary (and perhaps only) job so that may be complicated there.

Obviously living in said country is a requirement, getting around that is highly risky. Just renting is likely not to work, I don't know about Canada but in Europe border movements from outside the union are also tracked.

 

[d08]

Taiwan does have 20% flat tax option for foreigner expats. I visited there briefly so I can't comment too much. Hong Kong is kinda similar as Singapore I suppose I donno. I'd be excited to be able to afford visiting them and figuring it out for myself as to how I feel about these places we'll see.

If 20% is "low" taxation for you then Europe has also many options. Estonia, Bulgaria, Czechia etc. Not to mention Cyprus which is far lower.

 

[neogene]

If 20% is "low" taxation for you then Europe has also many options. Estonia, Bulgaria, Czechia etc. Not to mention Cyprus which is far lower.

Maybe this is why I need to travel more often to appreciate what countries actually are but my stereotype says Taiwan is significantly better place to live in than ex-Soviet republics or Czech but I could be wrong on that. I've been to Taiwan and granted for a brief visit but it seemed like cleaner and more organized version of China and closer to South Korea/Japan, which I like quality of living wise.

 

[neogene]

If 20% is "low" taxation for you then Europe has also many options. Estonia, Bulgaria, Czechia etc. Not to mention Cyprus which is far lower.

It's not low, but once my capital becomes sizable enough scarcity of capital is less important and quality of life/time becomes more important. Hell, I might even return to heavy tax countries like Canada and UK if I am set for life. Who knows shrug.

 

[Sig]

Maybe this is why I need to travel more often to appreciate what countries actually are but my stereotype says Taiwan is significantly better place to live in than ex-Soviet republics or Czech but I could be wrong on that. I've been to Taiwan and granted for a brief visit but it seemed like cleaner and more organized version of China and closer to South Korea/Japan, which I like quality of living wise.

Now's a great time for a vacation in Eastern Europe, just got back from there a few weeks ago. Almost no-one there, your choice of hotels or AirBnBs and since they're all empty at least for VRBO and AirBnB you can negotiate the price. You can justify the cost as a "fact finding mission"

 

[neogene]

Now's a great time for a vacation in Eastern Europe, just got back from there a few weeks ago. Almost no-one there, your choice of hotels or AirBnBs and since they're all empty at least for VRBO and AirBnB you can negotiate the price. You can justify the cost as a "fact finding mission"

Must be very important facts you're checking out there huh lol