Moving offshore

Thanks for all the info Pita - some of that real estate looks awesome. Seriously considering it, maybe we'll meet up for a beer one day :cool:

Kind regards,
MK
 
Quote from GlenH:

I have been to Vancouver and yes, it is a beautiful city......I like Canada in general. As for trading, I, unfortunately begin my day at aound 23:00.....the NYSE opens at 23:30, although this varies according to daylight savings.

If you are serious about offshore corporations and trading as an offshore entity, consider New Zealand or Ireland. I personally use an NZ corporation.....no tax if the bulk of the businesses activities are outside NZ and you maintain an NZ bank account. Then pay yourself a monthly salary. Add assets to offshore trusts...the tax man cannot commeth after you, as it is legally separated from you as an individual. It couldn't be simpler than that!!
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Downfall is that you don't own trust assets anymore, trust does. You can't get it back, ever. You pay taxes on your salary.
 
Quote from dandxg:

I understand taxes are high for almost all EU citizens, (..)
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Well, when looking for a country with a lower tax-rate than the US/Canada, you should check out The Netherlands.
Yes, indeed we have a high (progressive) income tax (up to 52% if I'm correct), yet income from savings and investments isn't taxed as heavily:

Dutch IRS:

The capital is determined twice a year: on 1 January and on 31 December. A notional yield of 4% is calculated on the average capital in a year minus the tax-free allowance (the so-called capital yield tax base): the income from capital assets. This income is taxed at a rate of 30%.
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Source: http://www.belastingdienst.nl/variabel/buitenland/en/private_taxpayers/private_taxpayers-16.html

30% tax of a notional yield of 4% is a mere 1.2% in taxes.

Just my 2 cents. :)
 
Quote from trend_guy:

<b>Are you referring to business income or capital gains?

In Canada, the highest marginal tax rate on capital gains is 23.3% (high tax bracket)

In the USA, you will probably pay more, unless you are talking long term gains, short term you don't get beneficial treatment.

In Italy for example, currently 12.5%, going to 20% May 1</b>

Thanks for the information. Where did you find the latest on Italy? Do you by any chance also know what the short-term capital gains rates are for Spain and France?
 
Quote from MidKnight:

Thanks for all the info Pita - some of that real estate looks awesome. Seriously considering it, maybe we'll meet up for a beer one day :cool:

Kind regards,
MK
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MK sure can meet for a cold one. You are welcome.

Off topic:
does anyone reading here know a website where I can see stock options charts. No sophisticated condor-butterfly-crap needed, just a simple price chart and/or price history to do some research with.

Thanks
P.
 
Quote from MidKnight:

Thanks for the reply notouch. I'm just sick of it here in NZ. Climate is no good here to me unless you live way up north. Prices up north are very very expensive. This has only gone wild in the past 7-8 years as foreign dollars flooded the real estate market. Not to mention the taxation here is extreme IMO. I'm looking for a change, free love, world peace, and trading.

Best regards,
MK
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Just goes to show the grass is always greener. I love NZ and have considered moving there but it is just too far from Europe and I can't take the long plane trips even in 1st on CP. The Banks penninsula is my favorite place, to have a property in one of the inlets there would be lovely. I looked at property prices and it must be hard for native NZs when foreign money is pushing up RE prices beyond the reach of many. I did notice an bit of antipathy toward Asians up north, inpart because I think they are the ones driving prices up there and against Americans in Queenstown as they seem to be the ones driving prices there but I may be wrong. When you consider that a physician specialist makes about 10-20% in NZ what they make in the US and yet RE prices in NZ are almost equivalent to those in the US it gives you some idea what the native NZ are up against. The increase in value of the NZ $ the last few yaers must have helped though.
 
I have an unrelated question which often goes hand in hand with tax obligations.

Everyone one knows the United States is the most litigious society in the world. But where is the least.

If I wanted to set up a business where it was difficult for people to sue me, where would the best country?

Runningbear
 
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