Is Trading Income Taxed in Monaco?

JSA

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#1
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Does anyone know if trading income is exempt from taxation in Monaco? Or is it similar to the UAE, where active trading is considered a “business activity,” meaning you’d have to pay corporate income tax (CIT)?

I'm just curious. I’m not planning to move to Monaco. It’s too expensive (not worth it unless you’re an HNWI) and is so tiny. On the plus side, it has a nice climate and you have the Mediterranean sea.
 
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#2
It is tax free.
 
Reactions: mytoofood, Forester and JSA
#7
daniels27 said:
They are more. Hang you ever been to Henderson Island? Pitcairn is 100% tax free on all but some land tax (I think about 50 pens per square meter).
Click to expand...

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Rumor has it he’s also launching a Hendersonian residency program for digital nomads—Wi-Fi included, but BYO mosquito repellent. Who’s in?
 
Reactions: ilke, TheCryptoAnt, JackAlabama and 1 other person
#10
#11

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#12
Hey JSA, I would like to know about trading regulations in UAE. I am an Indian resident.

Is there any business license or approval that is required if I wish to move to UAE and trade in stocks, derivatives on international exchanges US and Europe using personal funds?

Can we just migrate to UAE and trade stocks and equity derivatives in personal account? Or is it required to open an LLC and trade in LLC account?

Thanks.
 
#13

I’m not sure, sorry. You should ask this in a separate thread.
 
Reactions: RAGAV
#14
Hi Ragav,
to be honest until now for personal active trading I heard several opinions:
Some say if you trade actively its a business, some others say if you trade personal accounts its free.

Didnt find any written confirmation yet of it being taxed or not taxed.


However, if you trade through an US LLC I assume then it would be taxed (the same as if you opened a prop trading company in the UAE).
Just assumptions, dont know yet for sure...
 
Reactions: RAGAV
#15

Thanks for the response. I am interested in finding out the appropriate legal structure to carry out my trading activity (stocks, futures, options) in US and Europe financial markets. My activity involves very active day trading, large turnover, speculation and use of derivatives. I am using only personal funds and not providing any services to third parties.
This will most likely be considered an active income/business income.

I am open to the possibility of incorporating an LLC in UAE, US or any other suitable jurisdiction to carry out my trading activities.

How do I find the correct license and freezone to incorporate LLC In UAE Freezone?

I don't mind paying 9% corporate tax in UAE irrespective of trading in personal or LLC entity account. I want to make sure I am complying with all regulations related to license/permissions.

Had discussions with few business consultants in UAE. Some people told me that I can take a freelancer visa and trade in personal account. Some told me that I can choose any investment related license for opening an LLC but I could not find appropriate license to align with my active trading.

I also need a residence visa to migrate to the friendly jurisdiction.

Kindly provide your inputs.

Which solution is the most suitable for my requirements?
 
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