1)I just saw a video talking about Poland's flat tax system (applies to foreign income only) of 200,000 PLN = 50k USD, although comments under the video say you have to kick in an extra 25K USD donation.
2)Don't understand what you mean by 'hack' in this context - maybe you could give an...
I rent - I used bazaraki which is an all-purpose classified ads site. Didn't take long to find a rental
I'm in Nicosia, the capital.
Everything is being done through a firm I hired. Took a few weeks to set up a corporation. I haven't had any personal experience with the bureaucracy yet outside...
Having just moved to Cyprus, I can say that Cyprus is big enough that I don't feel constrained here. I think the true feeling of living on an island comes from living on SMALL islands. There are multiple cities here, all within a short driving distance, each with their own flavour and character...
Here's a list of Youtube videos about places you can get residency without a criminal record check. I didn't watch them but maybe there's one country where you can apply for citizenship or PR after a short residency. Sometimes PR cards let you access a lot of different places e.g. MERCOSUR...
Yes I mentioned it bc even stocks are electronic so the stock itself is located "in cyberspace", or more precisely, on the servers of wherever they store these things. And yet for stocks, they don't use the location of the file to determine where the situs is, they use the domicile of the...
At least they are still giving investors the chance to prove that the asset is located outside of Ireland. But when does a crypto have a physical location?
I believe that when it is on a centralized exchange, it is offchain, and then one can say that it is located where the company servers are...
Do you have personal experience with paying tax on crypto in Ireland?
After I read this explanation from Revenue in Ireland, it didn't seem likely that one could avoid paying CG tax on non-remitted crypto if they didn't take the exchange where the asset was held and/or sold as the situs of the...
I really appreciated the level of detail in this answer
Thanks a lot for that!
What you describe is no small undertaking....a lot of work to get that kind of arrangement set up
More work than I'm willing to put in
The decision I'm currently making is whether to sever ALL ties. Doing so would...
Basically, what I've read so far is that it won't work.
What is the theory behind it working?
You move to Ireland or UK and become a non-dom tax resident using the remittance basis.
You make a capital gain on your crypto. The exchange you traded on is not domiciled in UK or Ireland.
You figure...
Is the business of the company the trading of ETFs or other securities, or is it a real business and you are just investing from the business' portfolio?
Are you trading frequently, like daily, or only occasionally?
Your accountant should be able to give you an idea. I doubt you need a lawyer...
What I have picked up from my accountant and internet research is the following:
Tax authorities generally distinguish between investing and trading
If you buy and sell securities frequently, in larger volumes, with the intention to make profit, they may consider that activity trading and then...
I was considering the same and so I looked into it and did interviews with lawyers in Portugal
If you can get the application in by Dec 31st you will be grandfathered in for 10 years
To rent a place you need a NIF and a bank account - both of which you can get remotely pretty easily.
But to be...
Well I'm going to get one more (expensive) legal opinion and I'll see if this guy tells me something different from the first 2. If he does, I'll post it here.
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