Recent content by Cloudbanck

But what about between 90 and 180 days?

Ah, this is an interesting problem. I live in a third world country myself with capital controls, but my income is from outside the country so I dont have this problem. I do however need to get money into the country for living expenses and investments, so I do p2p with people who need to get...

Ok, legally you are liable to pay tax to Italy when you earn it in your US LLC, even if you just keep it there and dont send it anywhere. You may get away with it though, as despite clauses of bilateral reporting exist, in practice US banks and authorities dont report much to foreign countries...

Exactly! Been doing this for 4 years now, no issues, been life changing.

Africa, dm for specifics.

Willyfock writes "¿someone has any experience in Qatar?" The updside down question mark gives it away, got to be Spain, or (less likely) a spanish speaking latam country!

Got more info on this? Which countries have changed, and how exactly? Of the countries I follow more closely, i.e. the Nordics, UK/Ireland and Italy, Im only aware of Italy making recent changes to tax residency rules (besides Norway making the exit tax stricter). Since 2024, Italy has...

No, only had girlfriends in the baltics, never dealt with their legal systems. So probably optimised my experience that way. But the three countries are quite different, have you been in court in Estonia, how was that/what happened?

Fair point, but Estonian authorities arent like dicks. And unlike many other EU countries rules are short and quite clear. They say: "To determine a person’s place of residence, it is important that the place of residence would be permanent and lasting, i.e. it must be apparent that the person...

I mean you are legally not even close to come into the tax net in any of the 3 countries in this situation. But yes, sometimes, tax authorities go after you anyway, so key is to avoid the countries with the most aggressive tax authorities like Spain or the Netherlands. And also if you are a...

Well, if the person spends like half the year in France and the other half in Germany, and have homes in both places, then he is playing with fire. But if the person spends like 4 months in Ireland, 4 months in Estonia and the rest in the Czech Republic and the UAE, then it's no problem.

One cant generalise across all EU countries like that. They all have different rules for what's considered in their tax net and different enforcement. Some countries mainly have plain days tests like Estonia or Ireland, others have significant ties like the nordics (excluding Norway that is...

The UAE has two different tax residency certificates, one for domestic use that only require a 90 day stay, and one "international" for double taxation purposes requiring "the individual to be physically present in the UAE for more than 183 days in a 12 month period". I guess it's the latter...

Ah typical! Put in the asterix there because Spain is unusually punitive and difficult on its citizens leaving the tax net. Seemed like a longshot you d actually be from Spain. Arghh, why do people want to go back to live permanently in their high tax countries of origin!??? I like visiting...

Yeah, US LLC sounds good in this case, clean jurisdiction, easy and cheap to set up and maintain, plus good banking access. But why do you want tax residency* in the UAE? Just get residency there, and be out of the Romanian tax net. Then there is no 9% UAE tax or any other tax on your US...