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Trading via own remote company in a no-tax-country
- Thread starter marsman
- Start date
They got rid of all these structures a long time ago, there are some places such as NL as mentioned that have special rates for expats which provide clarity but in the end they effectively treat it all as income where you are resident.
These days, you need to physically move to the location, for example Singapore at 20/22% capped, otherwise it becomes so complex you will have to understand the rules and compromises better than the top lawyers, the UK code is 22,000 pages!
These days, you need to physically move to the location, for example Singapore at 20/22% capped, otherwise it becomes so complex you will have to understand the rules and compromises better than the top lawyers, the UK code is 22,000 pages!
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So far
1) best country for the commission is probably US and IB/Robinhood
2) best country for incometax-wise is BVI/Monoco/MiddleEast
3) best country for tracsaction tax (with NO income tax) is probably China (not officially open to individual foreign traders yet), compared to UK and HK.
Depending on your PERSONAL logic (how often you trade), choosing one out of the three is next work to do.
For example, some trader should choose 3) instead of 2), however another trader (with different logic) choose 2) for tax purpose.
Accountants to explain all of these may make lots of money in the future, called "international accountant" like international lawyer passing two country's test.
We may need simulation depending on how often one trade and return rate before expense(comm+tax).
If you have two successfully proven logics showing profitable return, then you may have two choices.
1) best country for the commission is probably US and IB/Robinhood
2) best country for incometax-wise is BVI/Monoco/MiddleEast
3) best country for tracsaction tax (with NO income tax) is probably China (not officially open to individual foreign traders yet), compared to UK and HK.
Depending on your PERSONAL logic (how often you trade), choosing one out of the three is next work to do.
For example, some trader should choose 3) instead of 2), however another trader (with different logic) choose 2) for tax purpose.
Accountants to explain all of these may make lots of money in the future, called "international accountant" like international lawyer passing two country's test.
We may need simulation depending on how often one trade and return rate before expense(comm+tax).
If you have two successfully proven logics showing profitable return, then you may have two choices.
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Specifically let's make examples.
A) Annual (before expense) return is 30% (assured by his own discretion) and trade once every day
B) Annual return is 20% and trade once every week.
[Quiz] Which country is best for the two traders A) and B). Furthermore show me the border of the two parameter. (return rate and trading frequency)
[Quiz2] Every broker in ONE country charges different commission. Tell me best (on-line) broker in each country.
A) Annual (before expense) return is 30% (assured by his own discretion) and trade once every day
B) Annual return is 20% and trade once every week.
[Quiz] Which country is best for the two traders A) and B). Furthermore show me the border of the two parameter. (return rate and trading frequency)
[Quiz2] Every broker in ONE country charges different commission. Tell me best (on-line) broker in each country.
No, thanks! Avoid taxes as much as legally possible!...do the proper thing. Pay your taxes fair and square. no cheating.
No, thanks! Avoid taxes as much as legally possible!...
It is NOT legal for an american citizen to not pay taxes on all his income. if you earn income through a foreign country you still have to pay taxes.
so be legal. PAY YOUR TAXES OR GO TO JAIL.