Probably a good idea as T212 insures only until 85K.Both are available in interactive brokers, it doesn’t seems to have some sort of restriction.
They’re not available in T212 as I can see.
I use T212 now instead of IB but just because it’s lower fees and easiness of funding trough credit or debit card, if I get to the 100K maybe I’ll analyze if I stay with them or move to IB as some fees are waived from 100K in the account.
I am assuming that your IB account is registered to your PY address as a tax resident there, yes? Whereas the T212 account is still registered in the UK, hence the restriction. I ask all this because I am planning to move to Asuncion later this year and want to be sure that I don't have to close my ETF positions due to the kind of restriction in the EU, which I had also considered as a move but will not because of this and the high taxation in the EU.Awesome. Thanks. Perhaps not as T212 is registered in the UK, hence the ETF restriction. Do you live in PY full time?
Maybe.Awesome. Thanks. Perhaps not as T212 is registered in the UK, hence the ETF restriction. Do you live in PY full time?
Yes, also my T212 account is registered to my Paraguay address.I am assuming that your IB account is registered to your PY address as a tax resident there, yes? Whereas the T212 account is still registered in the UK, hence the restriction. I ask all this because I am planning to move to Asuncion later this year and want to be sure that I don't have to close my ETF positions due to the kind of restriction in the EU, which I had also considered as a move but will not because of this and the high taxation in the EU.
Well, it does appear and have the option to buy in IB. Currently I don’t have funds in IB so I can’t give it a try.Interesting. Good to know because there are not so many brokerages that give access to US markets to non-US residents.
Just to be clear, you are 100% certain that IB is giving you the option to purchase shares of IGV and IGM?
Cool. Thanks. I thought that investments outside of PY are not subject to taxation. In other words, income generated outside of PY. No? How much tax to you pay on your portfolio capital gains?Well, it does appear and have the option to buy in IB. Currently I don’t have funds in IB so I can’t give it a try.
I don’t know if the demo account will give more information regarding this.
I think it shouldn’t be a problem, just subject to taxes.
You’re right.. No tax on investments outside as long as you already payed taxes here.Cool. Thanks. I thought that investments outside of PY are not subject to taxation. In other words, income generated outside of PY. No? How much tax to you pay on your portfolio capital gains?
You can actually open a brokerage account in HK so you won't have any stupid European restrictions going onI am assuming that your IB account is registered to your PY address as a tax resident there, yes? Whereas the T212 account is still registered in the UK, hence the restriction. I ask all this because I am planning to move to Asuncion later this year and want to be sure that I don't have to close my ETF positions due to the kind of restriction in the EU, which I had also considered as a move but will not because of this and the high taxation in the EU.
Which one accept Paraguayan citizens?You can actually open a brokerage account in HK so you won't have any stupid European restrictions going on
Open a company in Panama or BVI with bank account and open a brokerage account elsewhere with your offshore companyHi guys
I have a quick question. I have some money on my revolut, which I would like to trade stocks for (No CFD's - just regular buy and hold a stock).
Revolut wont let me trade in their app, as they dont accept trading for residents of Paraguay. So my solution is to transfer the money to a paraguayan bank or an international bank (which accepts residents of Paraguay), and buy stocks from there. So my question is:
which bank is the best net bank for stock trading in Paraguay or for Paraguayan residents (international bank) ?
Cheers
Look at the link in my signature (I don't wanna promote anything but lol they accept nationalities and companies even from high risk countries)Which one accept Paraguayan citizens?
I see, thanks.You’re right.. No tax on investments outside as long as you already payed taxes here.
I was talking about the US taxes, the 30% withholding on dividends.
I’ll give it a lookLook at the link in my signature (I don't wanna promote anything but lol they accept nationalities and companies even from high risk countries)
Why not incorporating a company in a jurisdiction whith a tax treaty with the USA for avoiding the 30% tax?You’re right.. No tax on investments outside as long as you already payed taxes here.
I was talking about the US taxes, the 30% withholding on dividends.
Thanks but I would be wary of the many new fintech investment companies that pop up every month, especially the UK, where a lot of scams are based. Believe me I know from personal experience. Stick with large, well-established firms like IB. Also, jjrapy, I have been informed by knowledgeable people that PY frowns on anything offshore/tax haven. It's an immediate red flag to tax authorities there.Look at the link in my signature (I don't wanna promote anything but lol they accept nationalities and companies even from high risk countries)
These guys are actually reputable since are in business for a long time.... They have a brokerage license in UK,HK,Cyprus and Malta so no badThanks but I would be wary of the many new fintech investment companies that pop up every month, especially the UK, where a lot of scams are based. Believe me I know from personal experience. Stick with large, well-established firms like IB. Also, jjrapy, I have been informed by knowledgeable people that PY frowns on anything offshore/tax haven. It's an immediate red flag to tax authorities there.
Yes, the new law is getting heavy and tighten some things that were advantageous before.Thanks but I would be wary of the many new fintech investment companies that pop up every month, especially the UK, where a lot of scams are based. Believe me I know from personal experience. Stick with large, well-established firms like IB. Also, jjrapy, I have been informed by knowledgeable people that PY frowns on anything offshore/tax haven. It's an immediate red flag to tax authorities there.
probably they don't care so much of expats owning offshore companiesYes, the new law is getting heavy and tighten some things that were advantageous before.
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