Tax optimization and lifestyle in 2025 for 8 figures wealth.

#21
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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...
 
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#24
SCHLOSSFINANZ said:
but these addresses are used for opening these acocunts? You need a stable "home-base" from where you can roam
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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.
 
#25

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..
 
#33
Welcome to Bangkok! It's nice here.

Thanks for sharing - useful for me. Let me comment a few points of your message.

You will need to declare at least some taxable income, otherwise tax authorities are reluctant to issue TIN / tax residency certificate.

Currently, I’m considering placing around 10% in Singapore or Hong Kong private banking. However, Singapore seems more difficult to open accounts compared to Hong Kong.
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A few Singaporean banks refused to open accounts for me in similar circumstances. They cited as main reasons "1) If 10-20% of your income is from crypto, it's ok, if all funds you want to deposit are from crypto it's difficult" and "2) You declared address is an obscure jurisdiction which requires us to get additional approval from head office etc. Thailand would be much easier, we have many clients from there. Thailand is perfectly fine". You have second point covered, so may work for you.

It seems very difficult or impossible to acquire another strong European passport (Luxembourg, Swiss, Malta) to replace the French one, so I’m exploring non-European options.
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If your Portugal residency is via golden visa scheme, you may qualify after five years without the need to live there.

While the Turkish passport isn’t very powerful, it seems like a reasonable choice—you don’t just “give away” money like you do with Caribbean CBI programs, and the process is relatively fast (a few months).
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I've done that and I didn't like the process. You will hardly get passport faster than in a year. Also they have changed the process recently to require more personal visits (e.g. now you need to provide fingerprints at residence permit step; before the step could have been done by a lawyer without you present).

This option could potentially be combined with obtaining a third passport through another CBI program via the new Turkish passport.
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I believe would not work for Malta if it's what you are thinking about.


Central Europe remains essential for my financial flows since I primarily use two countries to process long-term crypto gains. This setup has worked perfectly for the 10 years I’ve been in crypto.
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If it's more difficult than "Sell at Kraken, transfer to HSBC France, they are happy with unlimited amounts, no questions" and you care to describe this a bit, it would be interesting.
 
#34
Meta said:
A few Singaporean banks refused to open accounts for me in similar circumstances. They cited as main reasons "1) If 10-20% of your income is from crypto, it's ok, if all funds you want to deposit are from crypto it's difficult"
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Would you mind naming these banks? Was it premium/priority accounts? How much AUM was required?

"Difficult" does not mean impossible, favourable outcome could be linked to the deposit size.
 
#35
Mercury said:
Would you mind naming these banks? Was it premium/priority accounts? How much AUM was required?

"Difficult" does not mean impossible, favourable outcome could be linked to the deposit size.
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This was explicitly told by Standard Chartered, implied by OCBC. It was the lowest tier premium requiring about 250K Singaporean. I don't even think they insist on managing that for a % of AUM until higher tier private banking.

I mentioned that I plan to deposit more than 250K and net worth is more again. I got an impression that it's a red flag for them, but not a show-stopper if everything else checks out, including size of deposit.
 
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#36
there was a big scandal in singapore a while ago. maybe they are somewhat uneasy at current times.
 
#37

A) As an EU resident, I didn’t need to apply for a Golden Visa in Portugal. I simply obtained regular residency by moving there and applied for the NHR tax regime. Yes, I’ve heard that you can apply for citizenship after 5 years, but you have to learn/speak proper Portuguese (language test required before being granted citizenship).

B) Oh, interesting... but did you eventually get your passport? Did you buy a property there?

C) I have an HSBC Expat (Premier) account (Jersey) but not using for that. At least no directly. I wouldn't feel confortable to send huge crypto cash-out directly from any CEX to French banks.. as a french citizen (even if not resident since more than a decade). Most probably you increase risks of question/trouble for nothing..
 
#38
I see. Yep, I got my passport. There was a detailed post of mine on the forum. I bought a property, lots of hassle. Just until a few weeks ago it was possible to make a deposit in Turkish bank without currency risk. Now this option is closed, only straight Turkish lira, which is losing its value fast, so only real estate is reasonable.
 
#39
Until weeks ago? Wasn't it like May 2022?
D

Post in thread 'A new name and surname with obtaining Turkish citizenship through investment'

Forester said:
Would you mind to elaborate more on this?
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https://www.resmigazete.gov.tr/eskiler/2023/12/20231212-31.pdf
National Gazette 32397 of 12 December 2023
- "Real estate" is now limited to "building/flat ownership", empty plots no longer qualify.

https://www.resmigazete.gov.tr/eskiler/2022/05/20220513-20.pdf
National Gazette 31834 of 13 May 2022
- Real estate must now be 400k USD instead of 250k USD.
- Capital deposit of 500k USD must now be converted into TRY.

Forester said:
True. As a funny comment, some time ago I met a (white) man who was really living in Vanuatu, he simply had...
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#40
if you have male kids dont they have to do military?
 
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