Recent content by scooterguy

The idea is to generate no income in Egypt, so none of those problems would exist in what I proposed originally: living in Egypt off foreign income. One would just bring money into Egypt, from abroad, to pay for living expenses. There would be no need to take money out or to set up a business.

Good points, but I believe it's about activities, not interest. If one has no economic activities in Egypt (no job there, no company, etc.), the exemptions on foreign income tax apply.

Dividends are taxable but not in the situation I specified (check my first link on section 2.10 for a complete FAQ related to this).

In general they are, but only for those whose centre of professional, commercial or industrial activity is in Egypt. PwC summaries also states this: Individual income tax is imposed on the total net income of the resident individuals for income earned in Egypt, as well as the income earned...

Apparently, Egypt does not tax non-employment foreign-sourced income (including investment income and capital gains) of those who do not engage in professional or industrial activities inside the country. You can read more here, specifically section 2.10...

The first few times one goes to KL it seems boring and too Islamic. Once you start knowing where to go, you realize KL is not really Muslim, especially when 45% of the population are of Chinese descent. Single people can easily date Chinese girls, which are abundant in shopping malls, gyms...

Thailand takes income into account, not changes in net worth. Realizing capital gains after 2024 creates income, hence taxable if remitted. I'm sure that if you have a whole tangle of companies and accounts, a good accountant can make it all look like money was being moved around. But...

It's not always tax free. If you move cash around it is free, but if you sell assets then capital gains tax kicks in if you transfer a portion of that amount to Thailand. For example, if that $100k comes from selling stocks you purchased for $50k some time ago, then your capital gains are...

The idea is crazy but I also think about it sometimes. Ideally, you don't want to go back to a tax hell, at least not permanently, but sometimes life operates in mysterious ways and you may find yourself going back home eventually. I don't think there should be any issues. You went abroad and...

No, but I don't really use Revolut anyways. I just showed the email that I got so that others would know what happens if the tax ID is not submitted.

If reading about finance, checking stocks, properties, etc. can be considered work, then many hours a day. Self-development work, like going to the gym, getting better at languages, working on mental health issues, then many more hours. Work in the traditional way, in the way I was prepared to...

Yes, I agree, although there are some exaggerations on your post. Outside of the tourist areas or national parks foreigners don't pay 4x the prices of anything. I even pay less than locals in many places where I get special discounts for being a regular (fruit stands, gyms, restaurants, etc.)...

Citizens are also seen as ATMs by the tax offices. I guess one goes where one's duty as an ATM is cheaper and/or comes with certain benefits that compensate for being an ATM.

Depends on an individual's net worth. I think that after a certain point it makes more sense than Thailand, since with the MM2H program remittances are completely tax free. I agree that it's not perfect though, but this is normal across SEA. All these countries always come up with new visas...

If I learned something in this life is that you cannot rely on a single country for your entire existence, especially third world countries. It's essential to be ready to move when rules change. If you look at the world from 50 years ago, you'll notice it was completely different. You had...