I think Dubai will also do in place of Monaco.
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New Philippines FIV Permanent Residency?
- Thread starter JonnyStekkino
- Start date
yeah thats one plus, there are a few other options, it doesnt need to be Monaco. Everyone capable of operating google and ai tools can figure it out.
Sure, any tax haven will do as a legal residence. But establishing a legal residence in a tax haven has substantial costs - usually rent or buying a place & complying with local regs is burdensome. For instance, in Monaco, you need to be physically there for more than 6 months a year --among other requirements.
In Dubai it is too easy for an "infidel," (like most of us Offshore group people)=---especially with residence and assets there; to get into serious trouble. There are many examples of innocent foreigners having their assets confiscated by jealous locals with influence or even rotting in Dubai or Emirate jails. That's why I like the PT solution. You are invisible to all governments just a tourist, {Passing Through}.
In Dubai it is too easy for an "infidel," (like most of us Offshore group people)=---especially with residence and assets there; to get into serious trouble. There are many examples of innocent foreigners having their assets confiscated by jealous locals with influence or even rotting in Dubai or Emirate jails. That's why I like the PT solution. You are invisible to all governments just a tourist, {Passing Through}.
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Which brings me back to my quest for slow travel 3 countries 6 months(Dubai) ,4 months (Phillipines) and 2 months(UK) each.However since you stated that we needed a tax residency i was suggesting Dubai.I do have an apartment in Dubai ,but wouldnt like to stay there for too long a time only the amount required to be a tax resident in Dubai which i think is 183 days.We also have Cyprus i would think with its 60 day tax residency .But i don't have much connections there apart from a lawyer suggesting it was Gold to stay in Cyprus be a non dom get your dividends tax free etc.
Have spent about 3 months a year low profile
in C H for the past 50 years;
Not sure what you mean by your comment*.
My trick as a PT is to never stay in any one country
for over 6 months continuously.
That way you are always a tourist & never a taxpayer.
*Good luck with this approach in Switzerland.
"What was your bad experience? P.T.
in C H for the past 50 years;
Not sure what you mean by your comment*.
My trick as a PT is to never stay in any one country
for over 6 months continuously.
That way you are always a tourist & never a taxpayer.
*Good luck with this approach in Switzerland.
"What was your bad experience? P.T.
You wrote: " I always steal from stores, nothing has ever happened. It must be legal. "
PT Says: It is pretty much a misdemeanor (no arrest nor jail) in Los Angeles if you keep your thefts to under $1000 .
I think Trump will try to change that kind of defund the police nonsense.
Anyway, are you saying it is not legal to spend under 3 months a year as an unregistered, anonymous tourist Passing Through CH?
PT Says: It is pretty much a misdemeanor (no arrest nor jail) in Los Angeles if you keep your thefts to under $1000 .
I think Trump will try to change that kind of defund the police nonsense.
Anyway, are you saying it is not legal to spend under 3 months a year as an unregistered, anonymous tourist Passing Through CH?
I think we should not promote illegal things by claiming that they are legal. Also, we are all aware that in Schengen area, nobody knows where you really are and you can fly under the radar for years until some journalist finds you with some face matching website as it happened with Daniela Klette.
Also, note that in 1990 people paid in cash and had phones at home. Today, you send all your location to Google in real time and Apple Pay knows where you tapped your phone. Things change and in some decades, tax authorities will be able to close that.
@peter taradash are you feeling well again and back inSwitzerland Campione d'Italia?
Also, note that in 1990 people paid in cash and had phones at home. Today, you send all your location to Google in real time and Apple Pay knows where you tapped your phone. Things change and in some decades, tax authorities will be able to close that.
@peter taradash are you feeling well again and back in
If it's legal depends on your citizenship and visa status.
After 90 days (not 6 months) per year, you become tax resident in Switzerland and your worldwide income becomes subject to Swiss taxation.
This is something new and very important will keep in mind,not that I will be in switzerland that long but better safe than sorry later.I didn't know this rule.
Yes, the law is here in case you want to read it:
https://www.fedlex.admin.ch/eli/cc/1991/1184_1184_1184/de#art_3
You can prevent any issues by registering at a university while in Switzerland.
Switzerland is far from the only country with such rules. You really have to do some research if you plan on spending more time somewhere, or even taking a local job.
As long as you stay below 30 days, usually 90 days, it should be fine though.
Quota visa is the best (strongest). Gives permanent residency. Not sure about now but when I did it I only had to transfer some money into my bank account (for "investment purposes"), get a letter from the bank stating this had been done and then that was that. There was no rules about having to invest in property or anything. After that I just spent the money.
You are talking about SRRV right?How much did you put in?I think the only SRRV option because i am 41 is the 50000$ investment one.Am i allowed to spend that money after getting the visa for rent ,expenses etc or is it going to be tied up.SIRV is 75000$
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No. Quota visa. It is the investor visa but, like I said, no investment is required (or was when I did it). My money was only tied up for the 2 weeks it took to get the bank letter.
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