Non-Dom Tax Breaks Alternatives Discussed

[NwWork]

With new global aligment for base tax rate at 15% and IMF grip on several countries due to those countries leaders messing up and going to IMF to borrow money. Even countries like UK cutting off non dom tax break what are the current options that exempt foreign income continously once setup new company? Not those programs where it's like 5 year non dom tax break and then base rate. And mention country has stripe and paypal and wise business account capability or not?

 

[NwWork]

And mention that country tax payment schedule is one bulk payment at financial year end or is it quarterly tax payments with year end return and CIT submissions?

 

[NwWork]

Whole of EU kind of out since due to Mica rules USDT orders will not be allowed by many exchanges

 

[Martin Everson]

With new global aligment for base tax rate at 15% and IMF grip on several countries due to those countries leaders messing up and going to IMF to borrow money. Even countries like UK cutting off non dom tax break what are the current options that exempt foreign income continously once setup new company? Not those programs where it's like 5 year non dom tax break and then base rate. And mention country has stripe and paypal and wise business account capability or not?

1. Gibraltar Category 2 residency.

2. Ireland non-dom scheme.

Should cover all of above.

 

[NwWork]

1. Gibraltar Category 2 residency.

2. Ireland non-dom scheme.

Should cover all of above.

Gibraltar no PayPal it seems as per their website country list?

Ireland non Dom scheme it says income needs stay outside Ireland what does that mean? Like if u incorporate a company and make bank account there online and get payment gateway then all sales from foreign sources would anyways come to Ireland bank right? So then that foreign source income gets taxed since it comes to Ireland?

 

[Marzio]

Ireland non Dom scheme it says income needs stay outside Ireland what does that mean?

It means that foreign sourced income shouldn't be deposited in Ireland.

And BTW if your plan is to manage an offshore company from Ireland thinking that "income from outside Ireland it's foreign sourced income" you'll find yourself in deep trouble.

Foreign sourced income is generally passive income.

 

[daniels27]

Yes, you would have to short BTC as individual in Ireland while your Bahamas company buys them. Once you move out of Ireland, you take the dividends and revert the BTC transactions.

Post in thread 'Anyone have thoughts on best ways to hedge crypto positions / profits?'

Yesterday at 07:42

Excellent, thank you. I didn't realize the short side of perpretuals usually TAKE the funding. I'll give it a try, thank you!

• Nigital Domad

• 

Has been doing excessively by Apple in the US when they could not take back their foreign profits. Just in fiat.