Recent content by scooterguy

That's for CIT. There is no PIT at all.

Also still no personal income tax. So no need to worry about salaries, dividends, investment income, etc.

Switzerland is obviously a better environment in most areas, and if it comes with more money and better career prospects, then the choice becomes almost a no-brainer.

Learning to fight is good but you should always try to avoid a street fight at all costs, especially against a mugger who could be armed or have a bunch of friends around. You will look really stupid getting ready for a fight while the other person pulls a gun. Looking buffed is good enough...

Because tax freedom in Thailand doesn't require spending half a million dollars. You can get the same result with cheap $1k/year visas, or, if you want to get fancy, a Thai Elite visa at $40k for 10 years. There is also a $300k investor visa that has no time limit and can be renewed annually...

This makes little sense for investment income abroad. Tax is only paid when money is remitted, and as an investor you can choose where the money comes from. It can come from small capital gains, from losses, from dividends from countries with which Thailand has a tax treaty, or you can remit a...

I agree that you will get a much better property in Thailand for those amounts, but you can spend even less than that; this visa forces you to spend a minimum of 500k in a low cost country and it doesn't really give you too many benefits, especially if you live off foreign investments. Other LTR...

Investment requirements are similar to getting residence in Monaco or San Marino, I guess that's part of the joke that is this LTR visa? :D

Minuscule and even non-existent if money remitted comes from capital gains abroad. For example, if you bought a security for 900k baht in 2023, now you sell it for 1M baht, capital gains is 100k and so that 1M from abroad can enter Thailand tax-free. When remitting only 300k a year, it means...

wellington provides good advice, but based on the very large numbers of someone with business and family in Thailand, and an expensive lifestyle. It's hard to spend more than 30k baht a month in Thailand if you're: 1) Not in Bangkok 2) Not married 3) Have a normal non-gold digging girlfriend...

Do you mean something like a holding company in Estonia and a subsidiary in Romania?

It's 3% if you have no employees. But you can hire yourself as an employee with a basic salary and your company would then automatically qualify for the 1% CIT. You wouldn't need the Malta company with that setup, and to be honest I don't see a reason to keep it if you want to live in Romania...

Not sure how much your income is, but if less than 500K EUR a year you can use the microcompany regime in Romania, and get taxed at only 1% (plus 8% dividends). If your income is over 500K EUR/year you'd pay 16% CIT. In any case, setting up in Romania should be easy, assuming you're an EU...

How do you know he didn't get to enjoy it? You don't know the details of every single minute of his life. He clearly enjoyed working at the gas station and enjoyed his hobbies. He enjoyed the financial security and peace of mind, and wanted to leave most of his estate to charity. Plus a whole...

It seems that OP is dealing only with crypto at the moment and wants to switch to fiat due to potential new deals with firms that only work with bank transfers. A solution for OP could be to switch gradually from crypto to bank transfers, or, in other words, to start small in the eyes of his...