@theblast3r I am currently going on a tourist visa to make sure I want to spend more than 6 months there (wouldn't invest in an elite visa without being sure, I don't think I have another option as I don't fall in the age group for retirees), I know about money remitted to
Thailand but that's for income from the current year from what I read here. Furthermore, I won't get a Thai
bank account soon so I doubt that paying things by card or ATM withdraws in Thailand will make anyone ask questions.
the tax brackets in Thailand are very friendly, in terms of usual living expenses in the country, it's better to simply calculate the needed planned expenses by having a look at the costs and then check how much % it will really end up being taxed, could easily be like 18% or something, which is not a big deal for having a nice paper that says "I already pay taxes in [X] country, you cant tax me twice arent you?" to the hungry-country
)). All countries are hungry though, just taxation in each one looks different -
Hong Kong is not hungry with the 0% tax? well they tax through real estate by having all lands leased from government to contractors who charge exorbitant real estate prices and people pay their 'everything tax' that way, while still thinking they pay
no tax. That's what I've read about
Hong Kong, not an expert though. Dubai same story, all prices of "everything" are high, look at the cost of restaurants and real estate, same thing like HK just in a different wrap. If you name taxes "Government Fees", it's still a tax imho. Just convenient for some types of activities, not for everyone. I would choose what's best in terms of lifestyle, because life is short and money really doesn't buy any happiness
. Look at the polls, people in Scandinavian countries are the "Happiest in the world, by all polls!" despite being taxed up to 72% total at some circumstances (
Denmark ), but they're always the happiest in the world
. This makes me want to try living in one of these countries where wages after tax are 4k Euro, and a 1-bedroom apartment rent is 4k Euro. Just to figure out the mystery of how they even make ends meet, and then the second mystery of how they keep themselves so happy (number one in the world after all!). For now it's the number 2 I'm most curious about (number 1 is where are the aliens hiding in US underground bases - the topic of the year
)
It's possible to open remotely? If not, maybe I can consider to book a flight only for this purpose, but I would like to try remotely first.
Also Singaporean or Hong Kong are a good options? It's easy to open a bank account and are reliable?
Thanks
unfortunately you will also need a US address proof, AT&T bill of some water / electric bill or long term rent contract (I think they don't even accept contract, but want bills specifically). My friend who's a non
US citizen, recently went there for a bank account, we researched like 3-4 banks that are "foreigner friendly" but none of them agreed to open personal account without US address proof. And to get some mobile sim card bill at your address (he tried to get one to his friend place) needs like 30 days lol, and his ticket back home was for 2 weeks, so try to plan for that as well. Possibly it's different for LLC, but better to be safe than sorry - so just pick a few banks on google maps and call them, ask the workers if they require US address of not, for foreigners with LLC
that way you'll know for sure that they'll accept your application.
Also most banks automatically know that an address is a "
mail forwarding service" address, even when it looks like a completely physical address box (they have some database) so they won't accept, must be residential address of the account owner. Pretty sure for LLC too, although when I did my account for LLC I was still resident in Texas, they asked address, but I am not 100% sure how they handle non-residents.