Recent content by Xshore

And they exempted bank and brokerage accounts, admnd cards. https://taxnews.ey.com/news/2025-1300-senate-finance-committee-changes-the-excise-tax-proposed-for-remittance-transfers

I don't believe Stripe and wise is a problem

Interesting! A bit unclear if you need to have the special professional qualifications and show the funds, or if only funds is sufficient. So no minimum stay requirement for this visa? And if you're from a small country it could be easier to get, as there are max 50 from each country every year...

This sounds risky. I assume you would do some work while in the US, and then you have ECI.

On one side you want to legally avoid taxes, while on the other side you want to hide your income from Latvia to evade taxes there. Make up your mind. Again, I think you should put some effort on the Latvian side, search what is required to be considered non tax resident there. Get a residency...

For example or you are American and have a visa for Spain, you can't move to Portugal. Gibraltar will probably keep their current residency requirement even if they are inside of schengen.

Schengen doesn't give you right to move anywhere inside, it's just an area with no internal passport control. To move somewhere you have to be eligible.

Maybe they're not joining schengen, but they have to follow schengen rules, including the 90/180 days rules. https://www.theguardian.com/world/2025/jun/11/uk-and-gibraltar-strike-deal-over-territorys-future-and-borders

As a non UK national, what are the requirements for getting residency in Gibraltar? There are border checks, but it was just announced last week that UK and Spain has reached an agreement over Gibraltar that will remove the border checks. Gibraltar will join schengen and implement a 15% vat.

I would check how likely it is that you are a tax resident in Latvia, and what you could do to not be one. Having that settled you could use your Latvian address and bank accounts which would simplify things.

I'm pretty sure most countries charge a flat rate on capital gains for non residents. Please list info if you know some that don't.

What? As a non resident, why?

If the LLC has kept its default disregarded tax status then the income is not taxed in the LLC, but passed on to the member.

Can you point out where in the law it says that a foreign investor can transfer money without tax? The articles mention that but I couldn't see it in the law text. It does say it doesn't apply to business accounts, but a ibkr investment account is not a business account is it?

Was this still in the bill that passed through congress?