Are Malta comitted to the CRS?You don’t have to live in a non-CRS or territorial taxation country. You just have to convince your bank that you do. Two viable options are Maltese residence (chepest is via GRP with estimated annual minimum cost about 30000 euro, which rent pkus minimum tax payment plus health insurance) or Georgia residence via purchase of property (one-time cost about 100k)
Yes, Malta is commited to CRS, but it's a territorial taxation country so income not transferred to Malta and capital gains (even transferred to Malta) are not taxableAre Malta comitted to the CRS?
see number 65 here :
https://www.oecd.org/tax/exchange-of-tax-information/MCAA-Signatories.pdf
Or maybe I'm missing something?
And here your problems already start. It is getting more and more complicated, not to say impossible, to setup any good banking for new setups in an offshore jurisdiction which also respect your privacy and don't report you.Establish an IBC/LLC in a tax heaven B with bank account.
You need to read what I wrote again. If above is what you read then I understand why you may ask such question. New member does not always mean new member at OffshoreCorptalk.com so I see where you come from.So your you say: No Bank will accept a company of another jurisdiction as a beneficial owner.
Really? I give it back to you!You need to read what I wrote again.
P.S. The hourly rates of lawyers aren't so high (200-300 USD per hour) as long as you don't go to the Bahamas or Cayman Islands.
I think we all can ignore the "constructive" contributions of this fellow from now.The hourly rate of a lawyer depend on country, law firm and the lawyer you consult.
They have to under CRS. It is called indica. Any indication a client may be from a reportable CRS country then they must report to all countries where indicia exists.
And secondly, the banks have to report where you are a resident for tax purposes however they may indeed choose to over report also. Such as previously listed residencies, your country of ID (passport for example), mailing address etc.
I guess the only way is to have an official document stating you're a resident from another country.How to avoid being reported to your country of citizenship if you have no residence there?
Besides not using address, phone number, IP address from that country...
You can still be resident of other countries in that case...I guess the only way is to have an official document stating you're a resident from another country.
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