Recent content by boy20hki

Have you tried consulting with US-based tax lawyer firms? I asked the same question like you weeks ago for a friend of mine in another thread. Here people all said its very hard and cannot escape IRS. Mostly true I think, if you just DIY the setup and not use any professional service. Tho I...

I guess MC don't care Because MC does not tax on personal income Also people moving to MC mostly owning and managing offshore business from inside MC, so PE does not make sense otherwise they won't move to MC in the first place.

This was confirmed by a post in 2021: So yes, UAE does not report those accounts of UBO with Emirates ID. UAE free zone - anonimity I think in this case, both UAE FZCO and US LLC do not report to Canada under CRS/FATCA. If Canada finds out, well then the consequence is the same for both because...

This sounds like a great option esp. the Egypt & UAE banks connection. So just want to confirm again: +Just have that UAE setup and visit UAE 1 day every 6 months to keep UAE residency status, then UAE will not report any of my UAE bank account (both personal + company account) to Canada...

Thanks for your useful reply. it is undeclared income that has not been taxed and stored in offshore account - so there is always a risk the authority finds out, yes. If it is declared, taxed, and sent to offshore account then absolutely no problem. I plan to live there for only couple of...

Thanks for your input. Yes I know its much easier to just move my a*s to UAE, but still I have other goals too to do, not just tax opimtization :D Here is the CaRs country list and scheduled exchange date (April 2023)...

I would like to ask this question for myself, as for this stage I am planning to move to Canada. But this could be reliable for any EU tax residents I guess, not just Canada. To clarify, I am non-US non-EU citizen. So for a Canadian resident A who +needs to stay in Canada most time of the year...

Well regarding the FATCA for US citizen/GC holder, I can understand the problem. FATCA is much harder to get away with than CRS, and FATCA catches all US people. Unless one has family member who can move to tax heaven, set up company and back account under their name, and can do profit shifting...

Basically it says there is a flat 15% (for taxable income up to 65k, this is on the taxable income after the 70%/90% deduction, not the total income) + 26% inps aka 41% on the taxable amount (10% or 30% of total income). So if one moves to the South, the effective rate is only 4.1% of total...

Sorry to say but honestly your post is not really that useful to most people here who are not familiar with this visa program Could you really just cite the text area in the source and paste it here? The webpages you cited have a lot of different categories and tax types, how can anyone easily...

Interesting, thanks for providing us some broader context and case study. More nuanced details are uncovered here that I overlooked but now I have bigger picture :D I put the PWC definitions below this post so we have clear definition of Italian tax residency My understanding is that if one...

Did you have direct experience with the Italy freelance visa program? Are you Italian? Last time I read about this was that it can be difficult to really get the visa, the Italian gov have a yearly cap of approval visa, so its like one better work in field that Italy lacks labor (like tech...

Sorry for my wording...I meant if maintaining an office/desk is mandatory for a Dubai FZC while UBO is living in MC, of course renting anything is not free

For 1M revenue, the income revenue would be 14.4k + 0.43*50k = 35.9k. So 36k. not "around 30k" For social security payment, please see this thread below, someone did choose Italy and mention "I only had to pay something like €3000/year for close to €200K annual income"... that means the SS...

That means they need to stay in MC for at least 6mo & Dubai for at least 3 mo, correct? In that case they technically have tax residence in both countries, legally speaking? Seem like perfect high end setup, can fly easily as they are not far from each other. Do they need to pay monthly fee for...