Recent content by JimBeam

Maybe this explains it:

Dubai still makes sense with generally very low taxes: up to 9% CIT and 0% PIT and 0% CGT. It's still a pretty good deal. If and once PIT is introduced it will change things for a lot of people. They won't introduce big PIT it will be small in the start but they might increase it down the line...

If they decide to do it - it may be something like this: https://gfmag.com/economics-policy-regulation/gcc-income-tax-oman/

Rule 1: GTFO out of Spain Rule 2: Read rule #1 With 80k you don't have many options as all these setups will eat a big portion of that income. Doable things are the cheap places like Bulgaria or Montenegro (or Georgia) but you would have to actually move there. All other setups like Cyprus or...

You ain't got no time to setup things like that. I have a company in UAE. My company can buy and sell this site for you and once done pay you out the difference in cash or crypto minus the agreed fee the service. This is something that could work.

This! She could setup a company, employ herself and get residency in many countries and be able to travel the Schengen area just with her EU ID card/Residence permit.

People with Self-Sufficient Residency permit pay only the tax on the amounts they remit to Malta? Is there any minimum per year (read somewhere that there is ~ EUR 5k/year)?

Well, I could "hack" your account and steal all your money and then you have nothing to worry about in Canada. You lost all your funds and access to the account (can't provide the statements). Your money awaits you once you move to UAE. /jk

It's hard to beat lifestyle Spain has to offer. I guess that places like Vietnam. Philippines, Malaysia or Cambodia are good but it's on the other part of the Globe! For British folks Spain is the heaven next door with nice weather, affordable housing and cheap food and drinks. I would like the...

So does the following ETFs: - SPYI ~12% - QQQI ~14%

The CIT rate in Georgia is 15% - so unless your company is making millions - it's not worth the hustle of opening a company in HK. Also, there are free zones that offer 0% CIT so that's also an option.

Checkout localrent.com as well.

I think I pay around 1.1k AED for that at insuranceuae.com (IMED is the product)

Who said banks. You can CASH out LOL Machine goes brrrrrrrrrrrrr :) Tax residency? No if you're resident in UAE and have Emirates ID banks won't ask you anything as they consider you as resident. Also, there are OTC places and there are local licensed exchanges (like rain.com) where you can...

You are required to have proper accounting/bookkeeping and annual audits in Cyprus. One can probably skip that but it might come at a cost later down the road.