Tax optimization and lifestyle in 2025 for 8 figures wealth.

[TRGali]

Yes Monaco seems ideal, but Toums is french so can't do.

Toums, it's suprising how much we have in common.

As regards to the second citizenship, have you explored the Jordanian one? I have only superficially explored it, lacking time these days and I am focused on the UAE golden visa. It seems it requires to deposit about 1M usd in cash interest free for 3 years. I don't like the part where you have to deposit the money first but it's not guaranted to work though...

 

[JackAlabama]

no they are not. They are a red flag for a serious financial instutition. Thailand and UAE are red flag countries

not really. Both are pretty ok to be used .
The better banks are all ok with it.

Philippines, cambodia, laos, paraguay, panama fit your description more.

 

[JackAlabama]

Monaco is super easy to obtain. You need apartment rental (1-year) and local bank account with assets >500k (shares, cash, bonds etc.)

if you approach it like this, banks will want 10x this amount.

 

[toums]

but these addresses are used for opening these acocunts? You need a stable "home-base" from where you can roam

For ALL accounts (banks, brokers, CEX etc..) already opened then it's not a problem as you can still 'forget' to update your address in their systems.

Moreover I also have TIN in differents countries (because of real estate investments or previous residencies). Can also just use budapest address, or my portuguese address (where i can still have my NHR tax scheme till 2030 if i go back to live there, or even my maltese residency ID card.. I think its really not a big problem to juggle with these banks to say this or that address or this or that TIN, IF needed.

As said also, I dont think its a problem to give Thai address or UAE address in most of the case anyway.

 

[toums]

Yes Monaco seems ideal, but Toums is french so can't do.

Toums, it's suprising how much we have in common.

As regards to the second citizenship, have you explored the Jordanian one? I have only superficially explored it, lacking time these days and I am focused on the UAE golden visa. It seems it requires to deposit about 1M usd in cash interest free for 3 years. I don't like the part where you have to deposit the money first but it's not guaranted to work though...

Why put 1M usd in cash interest free in UAE for 3 years? You can also get the UAE golden visa by investing in real estate (from bit more than 200K€) for 2 years golden visa. or 500K€+ for 10years Golden visa.

No clue about Jordania tbh..

 

[TRGali]

Why put 1M usd in cash interest free in UAE for 3 years? You can also get the UAE golden visa by investing in real estate (from bit more than 200K€) for 2 years golden visa. or 500K€+ for 10years Golden visa.

No clue about Jordania tbh..

That 1M USD over 3 years is for the jordanian passport, not the UAE golden visa.

 

[bubbledouble]

move to Monaco (residency easy to obtain) and after 10 years (fluent french and integration into society) you qualify for citizenship by petition to Prince Albert. Arguable the best setup for that wealth.

but only if you have a lot of money, all below 500,000 US$ won't let you get residency in Monaco.

 

[stronco]

if you approach it like this, banks will want 10x this amount.

What is a better approach then? I am interested in setting up something there.

 

[JackAlabama]

What is a better approach then? I am interested in setting up something there.

you need a warm intro by a buddy who banks in xyz monaco bank. Or an "internal" transfer.

 

[daniels27]

you need a warm intro by a buddy who banks in xyz monaco bank. Or an "internal" transfer.

And then, how much is possible?

 

[JackAlabama]

And then, how much is possible?

its up to you as always, or ymmv.

 

[JustAnotherNomad]

For the second citizenship, if your child is born in Argentina, it will get Argentinian citizenship.
You can then also get citizenship for the parents, but you will probably have to spend some time in Argentine to prove that you have ties to the country.