If that is annualized and you are making 1.8 million usd a year, then you should probably just get a real accountant/lawyer than a forum.I am currently working as a public servant. Another trade in the Forex market. I expect profits of $ 5000 a day.
Nice thread here. I live in Czech republic as well.Czech Republic is in the EU one of the best places to be as a trader. Low income and corporate taxes!
Check this research: Czech Republic: Tax proposals expected in 2020Nice thread here. I live in Czech republic as well.
The tax system is nice, you're right, I don't have problem to pay 15% on personal income and 19% on corporate income. I even do not have problem to pay 15% on dividends. I do all that regularly and pay X0.000 EUR in taxes.
The only problem I have is once I will invest my already taxed money to trading US ETF/Stocks/Futures/Forex or whatsoever and want to keep the profits reinvested for long run. I understand the fact that in the future I shall pay the taxes once I will collect the profits to buy the Porsche, flat TV or ranch.
But if I want to invest the excess funds, the profit from trading is classified each year as other personal income, which is obviously not (as 100% of the funds are reinvested) and I have other sources of income (ie my business) covering my life expenses. Then it is taxed 15% as personal income.
Is there cost efficient solution for this? For example for trading profits X0.000 EUR? Like to estabilish a shell company (without employees like in Cyprus), do not touch the profits and let it roll? And where for trading US markets for EU residents it is the best? I have been experimenting with offshores with the experience that you can only open the bank account in the not very respected banks and if they go blacklisted by uncle Sam, you will probably loose your savings too.