Our valued sponsor

Recent content by complex

  1. C

    Question Germans to Cyprus

    Elsewhere in Europe that's only true if your property isn't encumbered in other ways. For example if you rent your home out for an extended period of time, I don't see how legally it can be considered your residence.
  2. C

    List of Foreign source income tax free country for Expat

    Philippines as well. (why does my post have to be longer).
  3. C

    Why is it better to live in Dubai/Monaco than in Thailand/Philippines for tax reasons?

    I'd strongly advise against the Philippines. It's a lawless hell where the courts and government workers are bought and sold every day. It might not seem like a big issue but if you're living there issues will most definitely pop up - vehicles, landlords or land disputes. You will be spending a...
  4. C

    Live in Cyprus as FIRE. Tax implications?

    Others seem to have gotten letters regarding the social contributions indicating that they don't have to pay. "Sole trader" typically implies a trade of services or goods, stock trading or investing does not fall into this category. Sounds like the Belgian lawyer is indeed clueless since for...
  5. C

    Do I understand that US financial institutions DO NOT report non-us person deposits in them?

    You can't open an IB US account as an European resident. As per regulation you have to have your account at an EU subsidiary, whether in Luxembourg, Ireland or Hungary.
  6. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    So the official response from Cyprus Civil Registry and Migration Department came in: "If you are in possession of an MEU1 and you make social insurance contributions, you can register with GESY. If you do not make social insurance contributions you can register with GESY only if you have an...
  7. C

    Digital nomad - what does it takes!

    That's a question of terminology. Around the world typically corporate tax implies a tax on profits whether distributed or not. The local websites call it "tax on distributed profits".
  8. C

    UK Residency + Estonia Corporation

    Most seem to miss this point. It's about receiving the ID card which enables you to interact with all levels of government with relative ease. It does nothing for taxation.
  9. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    Since I was born in the Soviet Union, some people said in 2004 during the EU expansion with a smirk "from one union to another". That held negative connotation.
  10. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    When it comes to SI, I still figure @Cyprustr posts have been correct and capital gains don't fall under the self-employed category. I don't see anywhere in Cyprus law a difference between short-term gains and long-term gains like in US. Investments are investments and not employment. The moment...
  11. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    There's some silent protest from the newer member states (including mine), they don't go with everything that the German-Franco-Italian bureaucrats dictate as before. That's a tiny spec of hope, otherwise we'd looking at being taxed at 90% and all becoming little working ants for the monster...
  12. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    Have you considered buying private insurance? I know it's an unfair system but it's manageable. I've also written to CY authorities with this question, I'm not expecting a reply anytime soon. It would be interesting to ask about this on the EU level. Social Insurance system in CY seems to apply...
  13. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    This looks absurd if true. Collecting insurance for a specific reason and then not offering the same said service. How can this be legal? They could have increased GESY rates for very old residents but I suppose they didn't proceed with this due to some discrimination lawsuit fears.
  14. C

    (Tax) residency wanted. Down to the real problem of being a digital nomad

    AFAIK citizenship determines this, not where you're moving from. I'd also be relocating from Asia (EU citizen).
  15. C

    Best country for a freelancer / digital nomad post-covid

    You're braver than me. Even though I've used both for years, they're beyond ridiculous. Jeepneys you will get a full dose of MM pollution, short-term meaning headaches and long-term lung cancer. Sounds like you have not experienced rigged meters or drivers who demand extra payments. One time I...