Swing Trader Taxtation

[liroyb]

Are there any countries left that won't tax swing trader (stocks, no crypto)?

 

[daniels27]

I think many counties do not tax capital gains. Also even in the US you can use Roth IRAs for that.

 

[liroyb]

I think many counties do not tax capital gains. Also even in the US you can use Roth IRAs for that.

When you frequently trade they no longer consider it capital gains, they consider it business income.

 

[aniglo22]

Monaco

 

[daniels27]

When you frequently trade they no longer consider it capital gains, they consider it business income.

Yes but it also depends on the account you trade etc. Also, I think in places like Hong Kong you don't even have to report such activity.

What about middle east, I think you may get well go under the radar too.

Otherwise you may open a brokerage account in a country you no longer reside C keep trading.

 

[aniglo22]

I think many counties do not tax capital gains. Also even in the US you can use Roth IRAs for that.

It's a retirement account , it's definitely not made for swing trading

 

[daniels27]

It's a retirement account , it's definitely not made for swing trading

Photoshop also was not made to fake utility bills, bank statements etc. But we still use it for that.

Roth IRAs can be used that way.

 

[CyprusLawyer101]

Are there any countries left that won't tax swing trader (stocks, no crypto)?

Cyprus does not tax any income from stock disposal irrespective of the type of strategy used

 

[aniglo22]

Cyprus does not tax any income from stock disposal irrespective of the type of strategy used

But if he trades stocks CFD, I think he needs to pay tax or ? Because its a Derivative

 

[CyprusLawyer101]

But if he trades stocks CFD, I think he needs to pay tax or ? Because its a Derivative

No

 

[ferchina]

Cyprus does not tax any income from stock disposal irrespective of the type of strategy used

If cryptos are purchased through European ETPs, such as bitcoin:
CoinShares Physical Bitcoin ISIN: GB00BLD4ZL17 Ticker: BITC

The legal structure is listed as: Legal Structure Debt Security (ETP)

This would be listed as stocks and would be tax-free for Cyprus?

 

[Don]

But if he trades stocks CFD, I think he needs to pay tax or ? Because its a Derivative

Its taxable if the underlying asset is a commodity, but sales of shares of companies are exempt from tax.

 

[CyprusLawyer101]

If cryptos are purchased through European ETPs, such as bitcoin:
CoinShares Physical Bitcoin ISIN: GB00BLD4ZL17 Ticker: BITC

The legal structure is listed as: Legal Structure Debt Security (ETP)

This would be listed as stocks and would be tax-free for Cyprus?

View attachment 7453

No.

 

[Radko]

Are there any countries left that won't tax swing trader (stocks, no crypto)?

Cyprus is full of traders, they all go there to stop paying capital gains tax.

Also no taxes if you move to Panama, plenty of traders there as well.

 

[liroyb]

Cyprus is full of traders, they all go there to stop paying capital gains tax.

Also no taxes if you move to Panama, plenty of traders there as well.

Are you forced to form a company and trade under the company? or can trade under your name?

 

[Radko]

Are you forced to form a company and trade under the company? or can trade under your name?

Good question... everybody wants you to form a company, that's how they make money, but there is no need to have a company, no need to be a Non-dom, just a resident and off you go (there is no capital gains tax in Cyprus as an individual).

 

[liroyb]

Good question... everybody wants you to form a company, that's how they make money, but there is no need to have a company, no need to be a Non-dom, just a resident and off you go (there is no capital gains tax in Cyprus as an individual).

Thanks a lot for clarifying. What about interest income from bonds, exemption requires non dom status?

 

[Radko]

Thanks a lot for clarifying. What about interest income from bonds, exemption requires non dom status?

I only trade futures, so I have no idea about bonds and the interest, but I imagine interest are treated as foreign income, so I don't think there are taxes on that.
Also there is no withholding on foreign dividends in Cyprus.
Of course if you generate dividends in the US you're subject to the US withholding rate, which is 15% based on the double tax treaty the US has with Cyprus.

No need for the Non-dom.

Hope that helps..

 

[liroyb]

So if

I only trade futures, so I have no idea about bonds and the interest, but I imagine interest are treated as foreign income, so I don't think there are taxes on that.
Also there is no withholding on foreign dividends in Cyprus.
Of course if you generate dividends in the US you're subject to the US withholding rate, which is 15% based on the double tax treaty the US has with Cyprus.

No need for the Non-dom.

Hope that helps..

So if EU citizen wants to relocate Cyprus without the usual non dom procedure, what should he do?

 

[SoNewToAllShit]

If you relocate to Cyprus and only trade stocks and cryptos you get not taxed on the gains in Cyprus, or only apply for stocks ?