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Recent content by WorldCitizen99

  1. W

    3 interesting Tax questions

    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...
  2. W

    Tax strategies for 2024, new game?

    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...
  3. W

    Tax strategies for 2024, new game?

    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...
  4. W

    Made a HUGE mistake in my life, Need Serious Advice (long post warning)

    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...
  5. W

    Trying to achieve 0% tax on crypto with non-dom status

    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...
  6. W

    Trying to achieve 0% tax on crypto with non-dom status

    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...
  7. W

    Trying to achieve 0% tax on crypto with non-dom status

    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...
  8. W

    Trying to achieve 0% tax on crypto with non-dom status

    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...
  9. W

    Trying to achieve 0% tax on crypto with non-dom status

    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...
  10. W

    Is trading/investing subject to CIT?

    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...
  11. W

    Is trading/investing subject to CIT?

    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...
  12. W

    Getting Portugal's NHR status before it's derogated

    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...
  13. W

    Where would you live once you are happy with your passive income?

    Do you think they will do that with the 'tax-free if you hodl for >1 year' rule also? I confirmed with a lawyer that that is still tax-free.
  14. W

    Best countries for HODLers of crypto (>1yr) to cash out in.....

    Yes that seems to be the opinion of the senior members here so I do take it seriously Thanks for the guidance Jack
  15. W

    Best countries for HODLers of crypto (>1yr) to cash out in.....

    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.