Recent content by username84447

As the subject says, I'm on the hunt for a tax advisor who would be able to help with tax planning and structuring for someone living off foreign investments and crypto trading while residing in Thailand. Anyone have any good contacts?

@rm777 I'm curious if you have an update of how you were able to manage this? Did you end up learning any more about this setup?

Fairly simple rules for Thailand in this regard. A person who is in Thailand for a total of at least 180 days in a given tax year will be considered a tax resident of Thailand. I don't know anything about spain, but from a simple google search, thailand seems to have a tax treaty with spain...

Here's a link to the actual proposal as well as submissions from organizations in response to the proposed changes. https://taxboard.gov.au/consultation/reforming-individual-tax-residency-rules-a-model-for-modernisation You can see on the right hand side links to the consultation guide and...

We're really getting into speculation now, because this is quite a nuanced part of the proposal so the precise wording and how it would be enforced is more subjective. Being a business owner as yourself, I dismissed this possibility, i'm almost certain it wouldn't pass to simply claim that your...

Forgot this one. I've just been searching youtube and google once a week for "non resident australia" and sorting by newest to see if anything has come out. I saw someone suggest using google alerts to make a search alert for something like "tax residency changes ato", could be worth doing...

Technically yes. Although really you'd just be paying at the Australian rate as i believe you'd just claim any taxes paid in Cyprus as a tax offset in Australia, although I'm talking out of my scope knowledge now so could be way off. Well this is all speculation for now, but yes it's...

The industry seems to believe it has a high chance of being implemented for the July 2022 financial year. The final draft however is still in progress, industry has responded to the proposal with concerns and suggestions and now we are waiting for the final legislation to be written for...

Nice work. Yeah i'll shoot you a message once i'm able to send DM's. Message me if you already can. You're not wrong. Are you aware how Australia assesses non residency status will be changing soon? Could be implemented as soon as next financial year. Gonna make it even worse for leaving...

This link doesn't work as is. The following link is the same one, but without the tracking in the url. https://lawstrust.com/en/news/farewell-offshore-2019-registration-company-rules-seychelles-st-vincent-and-grenadines

It's really up to you. Withdrawing straight from a card or using a card for personal purposes is fine, but it can add more work on your accounting end as you'll need to mark each of these individual transactions as personal use for your book keeping. Moving a bulk sum to your personal account...

@lazerfocused If you don't mind sharing, what path did you end up taking in terms of country of company, bank etc. I noticed you discussed this with Fred in another post around the same time so assuming you may have switched from hong kong setup to dubai?

@flyinglow Which departure exemption are you going to go for in order to leave Australia?

What is the purpose of making sure it's an internal transfer? Is it because there's less chance of the EMI shutting down your account this way?

That's 2 BTC per day. Just trade across multiple accounts if you withdraw more than that on a daily basis. But just one account would allow around $700k a week withdrawals without any KYC. Setup 5 email addresses/accounts and now you can withdraw 3.5 million a week. As for a company, it...