Recent content by philthaiven

Not sure if Revolut does new personal accounts in Jersey or not but I've had an account there for over 5 years. When I tried to change the address and tax residency section to Jersey in the app it gave a generic error message and I had to ask through support. I also pay for Metal so maybe that...

I don’t need to stay on the island, I only need to spend 1 day a year on it to remain tax resident. In practice I’m happy to spend a month or so there in the summer but it doesn’t have the 183 day stay requirements like most other countries. I’m currently not in the country and travelling...

I’m looking forward to trying surfing and maybe sailing in the summer when the weather is better. Up for meeting up then. @Jmeery1 I don’t know of any comparable staking methods for other blockchains than solana which keep the token number static so it’s an unrealised gain rather than income of...

I think I’d rather just go for any other private bank than hsbc to be honest, unless there’s anything particularly good about them. Fun fact they’re the only bank in Jersey that is under their U.K. structure which means they’re the only one that provides credit cards (Jersey has a strange law...

I do have an account with IBKR under my Jersey address and would like to use that to invest on and for any currency transfers because it’s much cheaper. As you say though it’s more about being able to keep a bank account open for transactions and it seems like risk/reward is not worth it for non...

Another update. I was rejected for Barclays priority banking in Jersey as they have “no appetite for any clients who have above a certain % of their wealth deriving from cryptocurrency”. They were apologetic and agreed I was very low risk but theres basically very little reward to them as...

The issue is during account opening they ask you what your total wealth is and where that came from, not just the initial deposit to open the bank. So far the initial deposit I’ve said I’ll be making just comes from savings from my previous employment (which I have payslips to show for...

An update: I finished my employment in the UK and have moved to Jersey. Hopefully the following should be useful if anyone is thinking of doing something similar in the future. So far I've done a bunch of things to move my life over and make it as clear as possible that I've fully left the UK...

Hi, yes both of those options are not great and are a lot of hassle to go through even if you qualified. I think it’s better just to go through as non-qualified which means you only have access to cheap/bad accommodation but it’s as simple as getting a flight there, no need to apply for anything...

That’s promising to hear. I haven’t opened a bank account in ages but I think they normally ask you if you have any other bank accounts with them when you sign up so should be able to track across them, even if it’s in the different country of jersey/wherever. If the first doesn’t work then I...

Generally I think you’re right about kraken and I really like them as an exchange. For some reason quite a few banks in the U.K. don’t accept transfers to kraken but do for coinbase though (such as revolut/other neo banks as well as one or two on the high street). I think this was because they...

Yea I am so it’s a trade off of that risk vs any benefit I might get from waiting until the bank sees me a bit more as an established customer before I withdraw to them. Coinbase/kraken are pretty unlikely to have major issues I think though.

Good process with the EUR transfers, I would try and emulate that if in Dubai and think kraken is a great exchange (with a good otc desk). In the U.K. coinbase is seen as the most compliant/legit by the banks and so if I do make any withdrawals I always go from ftx/binance/kraken to coinbase...

I’m not sure why they would get me on a technicality if I go to Jersey but not if I go elsewhere? The rules to become non tax resident in the U.K. are the same regardless of the place I’m going to. All that matters once I’ve satisfied those rules is that I have found a jurisdiction which regards...

I just did a brief google on Sir Philip Green and looks like he’s in Monaco? I think for people like him Monaco is more glamorous, there are more billionaires like him there and the weather is better. It’s also 0 tax whereas Jersey has a 20% flat income tax (but 0% capital gains tax). Also when...