Recent content by bnpsu

For personal tax residency you should stay for 90 days and have a long term contract (called Ejari) OR 183 days. If you don't qualify for either than you're not a personal tax resident

What about your savings (not income) that’s brought into Thailand? Is that taxed now too?

Where would you be a tax resident of if you spent less than 180 days a year in Thailand?

Are there any best-practices on how to "not remit" money in the same year? How would you differentiate your savings vs income etc?

Hmm interesting, can you open a bank as a tourist? Do you know which bank specifically? Thanks!

Hello, For someone who enjoys visiting the casinos internationally, what's the best bank setup to send/receive 5-6 figure wires? Remote wires needed... I think the problem is with a lot of banks is casino activity is viewed poorly and can get the account shut down.

What's the logic behind that? As @Cloudbanck mentioned, if the US LLC is viewed as pass-through on the UAE side, it would be as if you are running the FZCO and therefore taxable on the FZCO level.

If my year start is Jan 1, can I leave by Dec 31st this year with a US LLC to avoid taxation?

Sorry, I should clarify, if it's taxable in the USA?

I have a foreign owned SMLLC, with no ECI.. I was wondering if I hold crypto in this LLC, would the gains on the crypto be taxable?

What would be the role of the nominee manager, do they have to sign contracts and be signatory of banks etc? Are most of them on paper? Or actually doing the work?

Company might be OK, but living in Dubai will cost a lot. Where do you want to live in Asia?

Yes, plus traveling out of dubai in the summer etc

Yes, AT LEAST $10k/mo... easy.... this is living comfortably in Dubai, not scraping by... $3-4k/mo for a 1bedroom in JBR/Marina or Downtown $1-2k/mo on food $500-1k/mo on transport Plus anything else you want to do, this is the bare baseline

I think if you are making less than $300-500k/yr in Dubai, it might not even be worth it though. Due to such high cost of living. Unless you're willing to grind it out at a 35m2 studio for $1k/mo. You'll be paying tax indirectly in everything else. $60 for a round trip Uber to the mall, $50 per...