Question Easy and cheap jurisdiction for investing?

[notyetnomad]

Hey, I'm looking for an agency to help me incorporate in an cheap and easy jurisdiction to invest in US equities.

I'm a bogglehead. I want VT and chill.

I just need a way to receive and send 1-2 ACH transfers per month (basically sending my wages to the stock broker).

Should I worry about economic substance requirements?

 

[aage]

search the forum, there a plenty of threads with Delaware, Wyoming etc. agency services.

 

[fbsworld]

Hey, I'm looking for an agency to help me incorporate in an cheap and easy jurisdiction to invest in US equities.

I'm a bogglehead. I want VT and chill.

I just need a way to receive and send 1-2 ACH transfers per month (basically sending my wages to the stock broker).

Should I worry about economic substance requirements?

I'm also a bogglehead. Dot invest in stocks but in large ETFs. Do not use a US company for that, move to Dubai, invest in ETF from Ireland. Open a account with SwissQuote, Saxo or IB.

 

[notyetnomad]

Hey @fbsworld , that is my long-term goal!

I can't move right now because of family reasons.

I'm not considering an US company. Unfortunately that won't work for me.

A company in the UAE isn't an option for me anymore, because there is a very unfavorable tax treaty.

I think I need a company in the Caribbean.
My research pointed at Nevis.

 

[bonox]

My research pointed at Nevis.

Nevis is widely used as an good option for investment. I don't see anyone reporting that they ever found a valid bank account for such a company. Maybe Wise can be used or Revolut, I don't think so but worth to try. Paysera could be an option too.

 

[notyetnomad]

I have a very boring financial track that I would be willing to share with the bank.

 

[Marzio]

invest in ETF from Ireland

Why Ireland?

 

[celizo]

Because fiscality is optimized with irish UCITS ETFs. Especially when you live in a country which has no tax treaty with the US (30% witholding tax normally on dividends). With Irish ETF, taxes are applied in Ireland (ETF level), nearly 15% and even lower (optimized).

Morever UCITS is an extra layer protection against potential US estate tax, again depending your residence country and the tax treaties.

 

[Jerry1911]

Do you have an example of such ETF that we can find on IBKR for example?

 

[celizo]

Examples:

iShares Core MSCI World UCITS ETF USD (Acc)
ISIN IE00B4L5Y983

iShares Core S&P 500 UCITS ETF (Acc)
ISIN IE00B5BMR087

For the diversification of emettors:

IE00BK5BQT80 Vanguard FTSE All-World UCITS ETF - USD
IE00BJ0KDQ92 Xtrackers MSCI World UCITS ETF 1C - USD
IE00BFMXXD54 Vanguard S&P 500 UCITS ETF (USD) Accumulating