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Monaco with NO income tax / what else country?
- Thread starter jk90029
- Start date
UK is not only for middle eastern and russians. Last I checked UK was the favourite destination for french tax exiles (as well as entrepreneurs), ahead of Belgium and Switzerland. Other wealthy western europeans and asians must be moving there, also there is a rather straightforward investor immigration scheme open to non EU citizens in UK, but a single million won't cut it.
UK is not only for middle eastern and russians. Last I checked UK was the favourite destination for french tax exiles (as well as entrepreneurs), ahead of Belgium and Switzerland. Other wealthy western europeans and asians must be moving there, also there is a rather straightforward investor immigration scheme open to non EU citizens in UK, but a single million won't cut it.
The richest frenchman Arnault moved to Belgium! Also the whole family Mulliez from Auchan live in Belgium. Rich french families move in groups to Belgium. So they don't go to the UK.
http://www.telegraph.co.uk/finance/...-French-speaking-plumbers-for-tax-exiles.html
But Belgium is indeed also popular, the high end property market in Paris, especially in the more french polutated districts, took a dive after Hollande got into power, while the folks took a hike at an even higher rate than before.
But Belgium is indeed also popular, the high end property market in Paris, especially in the more french polutated districts, took a dive after Hollande got into power, while the folks took a hike at an even higher rate than before.
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Dear-
"There is No income tax in Monaco" is stated in the link below.
Probably other tax like corporate or real estate is taken instead of income, to run Monaco.
A) In this case, capital gain tax (for stock trading) is within the income tax?
B) If so, how about flying to Monaco with legitimate physical address and trading with IB online, for smaller tax than the 1040 tax rate?
C) What other country can we pay little or NO capital gain tax, especially in stock trading? I heard that Belgium and Latvia(?) ask little tax in stock trading.
Can't dodge Uncle Sam till you gain ex-pat status IE legal resident of a foreign country for 10 years or more....
An alternative to Monaco is Zug in Switzerland. Suggest trading via a Zug company, tax max 15% net. Personal tax max 22%. Cost of living in Zug lower than Monaco and living quality much better. Rents in Zug 40% lower. Monaco is a loud and stinky place bearable only on weekends. Lots of young and middle age expats and international people in Zug, easy to get into contact with. Monaco mainly older folks. Contacts with other traders via meetup.com and internations.org. Traders with family and kids much better off in Zug. (Note: I posted this in another thread.)