In this sentence, I completely agree with you. That's exactly what I’m thinking as well.The biggest issue I find aren't taxes... but bureaucracy, easy of doing business, weird commies and idiotic laws preventing freedom...
Now a question comes to mind. Do you have a pet as a partner? Sounds like something we shouldn't dig into any further!
I agree with EVERYTHING you said, except this one.Taxes are not that important after a certain amount. Usually you can always optimize to keep them at decent level, almost in every country.
Almost 90 wow, well sir you still have a youthful glow on you. I wish you many more years to enjoy life as you please it...Secrets of Peter Taradash, since you asked . . .
I usually keep my personal life personal, but now that I am nearly 90, and retired for a long time, here are some of my secrets. I have had 5 wives & an equal number of kids plus grandchildren & great grand-children. Some of the ex-wives & kids like me, some don't. The ones who like me come & stay with me sometimes.
The last treasured & brilliant Asean wife has lasted 3 decades ... She runs my personal life & makes us Kimchee & Adobo, among other things.
I am too old to be living out of suitcases and driving cars so I spend about half a year in the Riviera, & Switzerland and cruise for half a year in SE Asia with her -- when its winter in the EU. I don't need to carry any luggage when going between places because each of my 3 HQs has everything needed. To keep busy, I made those blog videos you mentioned. Some people find them amusing, My favorite is the one where I had a sword fight with famous prawn star John Holmes.
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I was "almost" a fully clothed P**N star (50 years ago). Also recently spent 3 years stuck in (but loving) Buenos Aires during the Covid period.
I like this Offshore Corp Talk site and am happy that some of you enjoy and find useful the info I impart . My life as a PT has been quite eventful as you will see from the videos.
No such thing in Monaco! There are cameras everywhere! There are even undercover cops and the "Gestapo" neighbors who have a direct line to the police. Monaco residents take "neighborhood watch" to a whole new level!Almost 90 wow, well sir you still have a youthful glow on you. I wish you many more years to enjoy life as you please it...
As for Monaco, most talk here about money and tax savings but what about the sense of safety?
Nowadays in EU it feels like the only place to wear nice things, bags and jewelry. No one will try to steal from you, if they spot something shady 5 police cars are on it immediately. Unless a well prepared Rolls Royce jewelry heist happens occasionally
In my city, in my country, in neighboring countries I watch my surrounding front and back.
Another "satisfied customer" of MonacoIs taxation immoral? Yes. But I don't care anymore... and I'm leaving next year.
Imagine a country so bad that after just moving you're willing to PAY TAXES just to get back to civilization.The most important lesson Monaco gave me is that one is better off paying whatever taxes one has to pay to live wherever one wants to ACTUALLY live in.
I walked around with a Hublot for 4+ years in one of these "dangerous European capitals" you hear about, with lots of crimes reported in the news. Nothing ever happened. I got some compliments here and there from people who noticed it.As for Monaco, most talk here about money and tax savings but what about the sense of safety?
Nowadays in EU it feels like the only place to wear nice things, bags and jewelry. No one will try to steal from you, if they spot something shady 5 police cars are on it immediately. Unless a well prepared Rolls Royce jewelry heist happens occasionally
In my city, in my country, in neighboring countries I watch my surrounding front and back.
Nobody wants Hublot. Try rocking Daytona or Nautilus, see how it goes.Hublot
I've been a satisfied customer of Monaco since the late 90s. This is an echo chamber. Most people who come here do so to find a(n) (better) alternative, and later, when that alternative does NOT meet their (HIGH) expectations, they complain! It's as simple as that!Another "satisfied customer" of Monaco
Obviously, you have NEVER been to Monaco!Imagine a country so bad that after just moving you're willing to PAY TAXES just to get back to civilization.
This immediately disqualifies you from talking about money!I walked around with a Hublot for 4+ years i
And next year you will regret having paid taxes and spending time speaking with tax men. Instead of just living your life. Loosing Monaco residence I think most tax lawyers would say it would be worst idea in life!I moved to Monaco. It's OK. Just that. Not too many consumer choices. No Uber. No Deliveroo. Amazon Prime works (.fr) though. But it's a bit meh (like everything French).
Anyways...
You don't need that much money to live in Monaco and get the residence card, provided you're a civilized and educated person. The legal requirement of €500k will work provided you have the right connections, and again, you're a civilized educated person with social skills.
As per cost of living, you can get by with less than 10k / month... Which should be peanuts if you're considering moving to Monaco anyway.
Regarding the banks.... If you show up with 1 million shekels and are coming from Dubai (for example – you can insert any other shady jurisdiction) – I don't think the banks will want business with you. However, make that 100 million... and who knows?
The most important lesson Monaco gave me is that one is better off paying whatever taxes one has to pay to live wherever one wants to ACTUALLY live in.
That's why moving to Cyprus, Malta, Dubai, etc... is pathetic in my eyes.
There's only one life... might as well enjoy it.
Is taxation immoral? Yes. But I don't care anymore... and I'm leaving next year.
why you say that? You're legend on OCT are you a pornstar ?It seems that legends like to interact with or be p**nstars
Thank you very much for your insides.Is taxation immoral? Yes. But I don't care anymore... and I'm leaving next year.
I think he has mentioned this before. If I'm not mistaken, he has a family he cares for and loves very much. He has alluded that this feeling is also mutual.Do you have any family somewhere which may be the main reason to give up Monaco?
The banks just need to have a tax residency. If you have a Turkish tax id, you give it to them and give them an address in Istanbul if needed. They will report there and all is good.There is a lot of talk of just "wanting to move to Monaco" or being a "perpetual traveler" in this thread. May you please explain on how this works in for example your situation. Where are you an actual legal tax resident? You can technically enter the EU and disregard the 90 day rule for registering as a tax resident if you're a EU citizen, however, banking will be all but impossible virtually anywhere whether in the EU or not without some sort of tax residency somewhere, not to mention things like brokerage accounts, KYC for crypto exchanges, and more. Anyones feedback would be greatly appreciated.
Turkey is filled with problems. Find a better residency.The banks just need to have a tax residency. If you have a Turkish tax id, you give it to them and give them an address in Istanbul if needed. They will report there and all is good.
I hate to be the one explaining this and this is THE LAST time I'll do this...That makes no sense, Turkey is not tax free and taxes residents on worldwide income, so that would negate everything.
While Turkey is not tax free and taxes residents on worldwide income, this is false. There are no issues with living in Turkey, Turkish banks are also tier 1 banks, however Turkey provides little value for taxes.
Matthew (7:7-8): “Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you. For everyone who asks receives, and the one who seeks finds, and to the one who knocks it will be opened.”I understand the concept very well and understood it the first time, it's simple, which is part of the problem. Where does this friend have a tax ID number that banks request? Almost all banks in the EU will require documents to validate tax residency, tax filings, tax certificate, etc
which banks ask you for this?I understand the concept very well and understood it the first time, it's simple, which is part of the problem. Where does this friend have a tax ID number that banks request? Almost all banks in the EU will require documents to validate tax residency, tax filings, tax certificate, etc
No bank ever asked a tax residency document from me in the EU. Mostly they just ask you to sign the FATCA document to confirm you are not a US tax resident, because banks are scared of Uncle Sam.So which specific banks will avoid asking for supportive documents of tax residency, short of garbage like EMIs for some small amounts, or banks in Georgia or other3rd tier jurisdictions...Almost all high streets banks in UK along with many private banks in the usual jurisdictions will require the aforementioned details.
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