Recent content by Juleski70

I'm late to the thread but check out "representative office" structure in the Philippines. There are filing/bureaucratic obligations but it is not subject to income tax and is not a corporate entity. It is designed for foreign companies that want to do back office/BPO operations in the...

Just the usual capital gains on stocks, etc... I believe it's treated as if you sold them on the day of departure

What's not clear in your post is whether you exited France properly when you moved to UAE. Are you French? Did you declare yourself as a non-resident for tax purposes and pay exit tax? Or did you just leave and stop fiking your personal tax returns? If you paid tax on your dividend and you're...

Philippines if you like Asia, especially if you're not setting up local operations/staff and its mostly a quiet one-man management. They don't tax non-Phillipine sourced income if you're a resident alien. You can exist under a tourist visa for a long time (but that's often not enough to convince...

There are lots of options but base transaction fees are high in the PH, as you've probably already seen (3.5%+). I don't have experience but just throwing it out: have you checked PayMaya (PH) or Rapyd (Singapore)?

Actually, the 1% are the target of the game. It's the 0.01% that are the ultra rich who survive it.

+1. Don't underestimate the value of reducing the difficulty of your filing requirements and audit risk. It's arguably worth more than obsessing over the 0% quest.

For what it's worth, what few stories I know are about people whose net worth were in the multimillions. I'm actually kind of surprised how few stories I hear about people in lower brackets who run their finances in pretty sloppy ways. In my home country, it's common to get a partial audit...

Philippines is territorial tax for resident aliens, non-CRS and generally uninterested in small time foreigners. Zero tax at the personal level. But: 1. you probably wouldn't want to base your business/create official PE here (bureaucratic). However might be a good combo with a US/UK/Can LP/LLC...

Just stumbled on this... Try Questrade. They're pretty flexible with non-residents and corporate accounts.

Scratch that, Labuan requires substance even for holdcos since 2020

Labuan might fit the requirements from the look of it? https://www.offshorecorptalk.com/threads/best-country-and-formation-agent-for-hold-co-no-banking-ever.40426/post-249411

My wife is tax-resident in the Philippines and is being offered equity in a (Singapore-resident) company with a good chance of having an IPO (in the US) in the next two years. The Philippines has no capital gains concept for foreign shares, so if she held the equity personally, they'd treat all...

Also worth noting that - if I understand correctly - dividends from subsidiaries can pass through to the shareholder(s) tax free, making it an interesting option as a holdco or parent company

Typically you can take it/characterize it as a shareholder loan if it is a short period and then repay it to your business' new account once you're happy with your new banking set up (even better if you can do it within your company's fiscal year).