Moving to singapore or dubai for trading

[trade2live]

the other solution to avoid taxes is like someone said "travelling "
and staying under the radar of the emigration police, in many European countries you can do that without problems, if you are young and don't mind living like a student , living with roommates to avoid having utility bills and a footprint, then you can do it.
Not an option for someone serious.
As for Monaco, it's oly a true tax haven for people who don't work or have no business there, otherwise there is a 20% tax and social security /pension like everywhere else.

 

[rajaalifx]

Im not looking to avoid taxes or live life backpacking.

I just need a place where i dont hve to be awake at night during asian and european hours. Moving to europe is too expensive and Africa is pretty unsafe. ha ha. So im trying to find a place in southeast asia. Ofcourse i dont want to move to an expensive place like tokyo but neither do i want to move to hanoi or combodia. Money is not tat big of an issue. Like i mentioned in above post my budget is $60K. So far ive found tats a good amount to live modestly in dubai or bangkok.

 

[gmst]

Quote from rajaalifx:

Im not looking to avoid taxes or live life backpacking.

I just need a place where i dont hve to be awake at night during asian and european hours. Moving to europe is too expensive and Africa is pretty unsafe. ha ha. So im trying to find a place in southeast asia. Ofcourse i dont want to move to an expensive place like tokyo but neither do i want to move to hanoi or combodia. Money is not tat big of an issue. Like i mentioned in above post my budget is $60K. So far ive found tats a good amount to live modestly in dubai or bangkok.

You mentioned that you are Indian, why not move to Delhi or Bangalore or some other big city - maybe some cold place in India (read Himalayas). I am sure Bangalore offers a multinational culture. I find it really odd that you would consider Thailand but ignore India. If you go to India, you also get close to all your friends/relatives compared to being in a completely new place like Thailand (no disrespect intended). I mean Thailand or for that matter any other SEAsian country is unlike US which is a melting pot of so many different nationalities. I am sure you would find it culturally difficult to stay in a country like Thailand. Dubai/Singapore yes you should be ok.

Also, I am sure with 60k you can live comfortably in India.

 

[MoneyWalks]

I'm flirting with Dubai for quite some time, the time zone is just perfect for trading.

Here I found an interesting video:

<iframe width="560" height="315" src="http://www.youtube.com/embed/mY3mGb2kz8w" frameborder="0" allowfullscreen></iframe>

 

[EEUT84]

i traded in singapore for awhile. i quite liked it, and there were resources there for those who traded NY hours.

i would just go on a tourist visa and sublet from someone. take a day trip up to malaysia once every three months to renew your visa

 

[kandal]

Quote from rajaalifx:

Well i was talking in general about cheaper currencies. Yes singapore is expensive (i bet not more than tokyo though). Im just looking at different options at the moment. Thanks for the info on malaysia. i will look into it. Did you got a chance to rent or own a vehicle there? I mean can a tourist rent a condo? I plan on paying down a good chunk of rent in advance.

Im very serious about making a move in 8-9 months. My budget is $50-60K yearly.

Singapore is not an option on $60K yearly in my opinion. It would cost more to take only a room in a decent condo in Singapore than to rent an entire one for yourself in Kuala Lumpur. You can buy a car there (very expensive, taxis are cheap) and it shouldn't be a problem with 2 months deposit to rent a very nice condo which will have excellent facilities.

 

[Paddler]

Watch out for the strict laws in Singapore.

You could be hanged to death if you were "suspected" to carry (or being planted to carry) more than 30 gram of drugs or bankrobbery or kidnapping.

You could be jailed and canned for severed criminal offences such as "unnatural" sex acts including oral, anal and gay sex. Overstay could be jailed and canned too.

I am not kidding. Finish watching the video at the attached link. It is brutal. Think carefully. LOL

http://www.liveleak.com/view?i=3c9_1304013159

 

[JB3]

^He's a trader, not a criminal. LOL.

As long as you are not planning of drug trafficking or doing stupid things in the public, you should be fine in Singapore. Singapore is probably one of the safest countries in the world.

My advice to the OP is to take a trip to Singapore, Malaysia, and Thailand for vacation, and see how he likes the places. If the OP is Indian, I think he will be more used to the Spices of SE Asia instead of Dubai.

 

[Swan Noir]

I take it the "visa runs" are well tolerated by the gov't and work like clockwork or at least 90% of the time?

Quote from EEUT84:

i traded in singapore for awhile. i quite liked it, and there were resources there for those who traded NY hours.

i would just go on a tourist visa and sublet from someone. take a day trip up to malaysia once every three months to renew your visa

 

[dealmaker]

Dubai and Singapore are not cheaper. You can get a temporary stay visa to any country as long as there are enough $ in your bank account. If I were you I'd also consider London, more cosmopolitan, close to everywhere, larger trading and finance center than Dubai and Singapore combined. $50-60k is not nearly enough for any of these places.

Quote from rajaalifx:

Hello folks,

I mostly trade options on currency futures, kospi/dax/ftse futures and basically on desk from 7pm to 9am in morning. I was wondering what are the visa requirements for someone to operate his trading from another country.

I was thinking of moving to a country which is situated in middle of these time zones so i can trade during day time plus the currency is cheaper than US so the living expenses will be less.

Im not talking of getting a permanent residency or setting up a business there. Just like i work from my chicago apartment i want to work from a dubai apartment.

Did anyone heard someone else doing this or have any similar thoughts? I would like to know the visa requirements.

Thanks