Recent content by drpreobrazhensky

I would wait and see on this one. Just because something is officially law doesn't mean it's enforced in any meaningful way. For a country that depends so heavily on foreign money it's such a massively self-sabotaging move that I just don't see it playing out. If they really do enforce it...

Interesting thought experiment. I think wherever you go you'd have to accept some pretty big trade offs. In Japan foreigners can own property (with a permanent residency) and can even get extremely low fixed rate loans (sub 1%) up to I think $300k.* *That's another consideration: can you get...

The owner of this particular exchange specifically told me that there's no record keeping of any kind. They seem to deal mostly with Russians, maybe that's a factor. I hear you. But you won't stop progress and you probably won't become an Amish. I'm a big fan of Bitcoin Cash for that reason...

The remittance law is for money coming in from abroad. It seems to be the case that if you deposit cash into a bank from within the country, nobody really asks questions about where it came from. Generally speaking the people here have neither the resources nor inclination to do any...

Is this a loophole that would work for avoiding the remittance tax? - Send yourself crypto - cash it out at one of the local crypto exchanges in BKK / Phuket / Chiang Mai - deposit cash into thai bank

Hey Johnny, just letting you know I appreciate you. :)

You sir, are exactly the kind of dangerous do gooder that I wish to get and stay far away from.

Thanks for your comment, but I think you've misunderstood the situation. I can afford my child and spouse just fine, she doesn't work and raises our offspring full time, and we're very happy. Furthermore, I will *always* take care of my family no matter what happens. That is an obligation...

Has anybody actually done this since the war started? It seems like it would be a good interim option for a US citizen with Ukrainian roots who lives abroad and isn't quite in a position to get a Caribbean CBI yet.

Couldn't you simply verify paternity with a DNA test? Interesting, so you have to be legally married in order to add your spouse to one of the CBI programs? Are there no other ways to prove that someone is in fact your legitimate spouse short of legal marriage? Thanks.

Hi gents, I'm a US citizen with a foreign girlfriend (Eastern European). We both live together in Southeast Asia. We have a 3-month old son. My plan in the next few years is to acquire a Citizenship by Investment in the Caribbean for the 3 of us, and then to renounce my US citizenship. My...

No debts, no liabilities, no contracts. Everything has been moved over to the US LLC. I also have a Hong Kong Paypal account but no HK bank account.

Oh man, you must be thinking of a different Hong Kong than I am! rof/% If you value your time and sanity at all, you'll stay far away from Hong Kong corps. it was fine for me for years but in the recent few years it's become an absolute, unrelenting nightmare. If you love getting...

In Hong Kong you have to apply for the offshore exemption every year with the IRD. So make sure to tell your service provider / accounting provider in HK to apply for the exemption. I've never had IRD not grant it, so you should be fine. As long as you don't have any team members or customers in...

I've recently moved all business operations away from my Hong Kong limited company to a simpler structure (a US LLC owned by a BVI; yes, believe it or not that's much simpler). I began the process of de-registering the Hong Kong company but it's such an enormous pain in my balls that I'm...