Relocating to a new country to trade. Where do I go?
- Thread starter Howard
- Start date
https://www.bloomberg.com/news/arti...-epstein-guide-to-cutting-your-tax-bill-by-90
The Jeffrey Epstein Guide to Cutting Your Tax Bill by 90%
The Jeffrey Epstein Guide to Cutting Your Tax Bill by 90%
I live in Singapore and trade US futures.
No capital gain tax.
Low Income tax.
Domestic bank transfers within 5 seconds (for IB Margin call).
Very fast internet everywhere.
Big city.
No capital gain tax.
Low Income tax.
Domestic bank transfers within 5 seconds (for IB Margin call).
Very fast internet everywhere.
Big city.
And high cost of living.
Singapore is a great place to live.
But this doesn't work for me. If you are from the US, you are required to pay US taxes on income and capital gain.
I guess every American living overseas and earning more than 102k per year have the same problem.
Unless you do like the Facebook cofounder: https://www.forbes.com/sites/naazne...comes-singapores-richest-person/#3e13247a6a8e
Yes, you can give up US citizenship to join those Crazy Rich Asians.
Re: Malta
I'm curious whether capital gains remitted to Malta would be classified as ordinary income (taxed) or remain as capital gains (not taxed) when it comes to non-dom residents. Anyone care to elaborate?
This is somewhat confusing for me:
A person who is resident but not domiciled in Malta is taxable on all chargeable income arising outside Malta to the extent that such income is received in Malta (i.e.: on a remittance basis) and on all chargeable income earned or derived in Malta.
All capital gains arising outside of Malta are not taxable in Malta irrespective of whether or not these gains are remitted to Malta. A person who is neither ordinarily resident nor domiciled in Malta is taxable only on income arising in Malta.
I'm curious whether capital gains remitted to Malta would be classified as ordinary income (taxed) or remain as capital gains (not taxed) when it comes to non-dom residents. Anyone care to elaborate?
This is somewhat confusing for me:
A person who is resident but not domiciled in Malta is taxable on all chargeable income arising outside Malta to the extent that such income is received in Malta (i.e.: on a remittance basis) and on all chargeable income earned or derived in Malta.
All capital gains arising outside of Malta are not taxable in Malta irrespective of whether or not these gains are remitted to Malta. A person who is neither ordinarily resident nor domiciled in Malta is taxable only on income arising in Malta.
CyprusHi all,
I'm interested in relocating to another country for a period of time to focus on my trading business, but I'm not sure where to. Initially, I'm thinking for 2 or 3 months and will re-evaluate as time goes by.
Considerations:
Thanks in advance for any pointers.
- I day trade US index futures, so compatibility with that time zone without 'weird hours' is a requirement.
- I want to minimize my cost of living while retaining a reasonable standard of living.
- I'd prefer to live in or near a city.
- A nice climate is always nice, but not a requirement.
- A solid internet connection is a must.
Howard
maybe cyprus