I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
Hey Michael, how's Cambodia for cashing out crypto tax-free? I've heard some good things, but I don't know whether or not getting that money back to the EU at a later date could cause some issues.
Any thoughts on what will happen with the TCJA renewal come 2025? Trump has talked about removing citizenship based taxation; I think at minimum we could see the removal of GILTI and an increased FEIE. Also, would be curious if you can make a video on how tax planning is done when one spouse is a US persons and the other is not to remove tax liability on GILTI and capital gains & dividends on passive sources.
Pretty sure Anguilla is zero PIT but you need to live there and have PR or BOTC status to do that. The lump sum is only for those wanting a quick 'in' to the tax system. Also, odd you didn't mention Vanuatu - its zero PIT & CIT.
I dont think i can find one of the countrys you mention with good air quality unfortenatly Philipines, Malasyia and Thailand go from mediocre to really bad
i dont get this ... . i am wealthy and paying high tax in UK but i prefer to live here for numerous reasons .. . also . it wont change my life if i paid zero tax . why do i want even more money . ?
But you can be tax resident in one country say uae and then live in other countrys thrue out the year like Spain and Sweden but not pay taxes in those countrys ?
This can get a little tricky, and comes down to how countries define “tax residency”. Generally you will need to spend 6 (or more) months per year in a low tax country and would need to establish “center of vital interests” there. Then you could spend some time in a country B and be safe. But again, this will really depend on the country or countries in question, so you need to look at their rules specifically.
@@OffshoreCitizen i wanted to live in sweden and mallorca 6 mounth eatch the other country is just for taxpurpose am daytrading forex for a living. Do i have to reconsider this ? Thank you
@@Johndoe-qn9jr Not an expert, but looks like you'll be paying large tax bill somewhere with that split. If you are in a position to look at split year living (for weather and taxes) I'd look at a 7/5 split with the seven being in a low/no tax jurisdiction for tax residency (pay attention for any rules specific to forex). You could conceivably eliminate the worst of Swedish winters and the worst of the your 2nd homes tropical summers. 60's-70's year around with much lower tax bill.
This is just a list of countries that one can look at. We don’t have the time to cover all the specifics in one video, however more detailed videos will be coming 🙌🏻
@@oldschoolcomedian Sorry, most of them don't have 0% tax, and those that do get their taxes through other ways such as v.a.t., tariffs, etc. no place can ever function without some kind of taxation.
some guys are never happy in this case do your zero% research for yourself, and it's always the ones who in the end don't even make a lot of money who complain......
@@lorenk.775 Brunei - where there is no personal income tax and there is no export, sale, payroll or manufacturing taxes. Corporation tax has been reduced to 22%.
😆😆 Most of those places are not 0% tax rate, and those that are get their tax money through indirect taxation such as v.a.t., sales taxes, tariffs, property taxes, etc. No place has 0% taxes, unless you mean income taxes, or certain business incentives.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
u forgot to mention that "tribal govts" which are not seperate govts they actually register to usa dept of interior. they get unfair tax breaks. while also heavy amounts of funding programs poured into them. highest levels of breach of 14th amendment as possible. 🤘
@@MeetConservatives Asia and Europe are really 1 continent called Eurasia, they have simply been divided by certain mountain ranges as boundaries which doesn't make enough sense, while maybe should have been other considerations, which is why Georgia, Armenia, Azerbaijan, Turkiye, Cyprus, have mostly been included in the European side and in European institutions, none of those countries have ever even been as part of any Asian institutions. Furthermore, most people of West Asia/Middle East, South Asia, North Africa, and even parts of Central Asia, then also Australia & NZ, are of European origin and or European/Caucasian race!! By science race is defined by facial features similarities not skin color!!
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I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
Go in depth with a 30-min video on the Philippines. You just mention 🇵🇭 with zero details.
Bermuda is not in the Caribbean or Latin America. It’s in the North Atlantic Ocean near the American East Coast.
Great video! Could do more based on wealth, income, preferred climate ..
Coming soon 🙌🏻
Which country is my best option to live and trade stocks full time?
Do you also specialize in retirees that live off Ira, brokerage and Social Security? That would bring in France potentially?
Introduced Latin America by naming English speaking Caribbean countries. LOL!
Is there a reason why you didn’t mention Belize? I always thought that was a very good option?
The tax is good but the banking system is tiresome
25% income tax .
I don’t think he likes the banking system there.
Very helpful. Would you do a similar video for businesses?
Thanks for compiling a list! Makes it a lot easier to keep track of all these different options
what will the tax be if i live 6 mounth a year in Cyprus then as a forex daytrader ? Thank You
It'd be grand to see a somewhat detailed analysis by region, eg. Latin America.
Hey Michael, how's Cambodia for cashing out crypto tax-free? I've heard some good things, but I don't know whether or not getting that money back to the EU at a later date could cause some issues.
Places with 0% personal income in general won't tax you on crypto either.
Any thoughts on what will happen with the TCJA renewal come 2025? Trump has talked about removing citizenship based taxation; I think at minimum we could see the removal of GILTI and an increased FEIE.
Also, would be curious if you can make a video on how tax planning is done when one spouse is a US persons and the other is not to remove tax liability on GILTI and capital gains & dividends on passive sources.
I’m looking forward to being over there in the next few yrs.
Pretty sure Anguilla is zero PIT but you need to live there and have PR or BOTC status to do that. The lump sum is only for those wanting a quick 'in' to the tax system. Also, odd you didn't mention Vanuatu - its zero PIT & CIT.
What about Serbia? Would it not be a relatively low tax place?
Serbia is really not that good for tax optimization
@OffshoreCitizen, thanks. Just one of the countries in consideration list for future move.
Vietnam ? Do you habe a video about that ?
Malaysia, I understood they are in the process of deferring the previously proposed tax changes for another 10 years.
I dont think i can find one of the countrys you mention with good air quality unfortenatly Philipines, Malasyia and Thailand go from mediocre to really bad
What about Monaco ?
He mentioned Monaco at the end.
Japan Is considered as tax free?
interesting the Japanese have the highest tax in the world.
There's a specific tax treatment that people who just move to Japan can benefit from
Panama?
Seychelles is great if you like the island lifestyle :)
i dont get this ... . i am wealthy and paying high tax in UK but i prefer to live here for numerous reasons .. . also . it wont change my life if i paid zero tax . why do i want even more money . ?
Yes - but it makes a big difference if you want to GET wealthy as you can reinvest in stock market instead of paying tax.
Maybe your Happy with rising taxes , but many Brits are considering leaving to less taxing locations!
that's more of a philosophical question
Some do not wish their taxes to go for war in Ukraine or Israel.
@@DanielFeingold7995 i prefer a safe country .
But you can be tax resident in one country say uae and then live in other countrys thrue out the year like Spain and Sweden but not pay taxes in those countrys ?
This can get a little tricky, and comes down to how countries define “tax residency”.
Generally you will need to spend 6 (or more) months per year in a low tax country and would need to establish “center of vital interests” there.
Then you could spend some time in a country B and be safe. But again, this will really depend on the country or countries in question, so you need to look at their rules specifically.
@@OffshoreCitizen i wanted to live in sweden and mallorca 6 mounth eatch the other country is just for taxpurpose am daytrading forex for a living. Do i have to reconsider this ? Thank you
@@Johndoe-qn9jr Not an expert, but looks like you'll be paying large tax bill somewhere with that split. If you are in a position to look at split year living (for weather and taxes) I'd look at a 7/5 split with the seven being in a low/no tax jurisdiction for tax residency (pay attention for any rules specific to forex). You could conceivably eliminate the worst of Swedish winters and the worst of the your 2nd homes tropical summers. 60's-70's year around with much lower tax bill.
as alwys not really solid information just vague at most
This is just a list of countries that one can look at. We don’t have the time to cover all the specifics in one video, however more detailed videos will be coming 🙌🏻
Read the video title. He gave the list he said he was gonna give how can you hate
@@oldschoolcomedian Sorry, most of them don't have 0% tax, and those that do get their taxes through other ways such as v.a.t., tariffs, etc. no place can ever function without some kind of taxation.
some guys are never happy in this case do your zero% research for yourself, and it's always the ones who in the end don't even make a lot of money who complain......
@@lorenk.775 Brunei - where there is no personal income tax and there is no export, sale, payroll or manufacturing taxes. Corporation tax has been reduced to 22%.
😆😆
Most of those places are not 0% tax rate, and those that are get their tax money through indirect taxation such as v.a.t., sales taxes, tariffs, property taxes, etc.
No place has 0% taxes, unless you mean income taxes, or certain business incentives.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
No Gibraltar?
was mentioned
u forgot to mention that "tribal govts" which are not seperate govts they actually register to usa dept of interior. they get unfair tax breaks. while also heavy amounts of funding programs poured into them. highest levels of breach of 14th amendment as possible. 🤘
Cyprus isn’t in Europe buddy.
Eh.?
? Of course it is part of the EU since 2004. Not in Schengen currently.
You're both kind of right. Cyprus is in Asia geographically, but is part of the European Union.
@@MeetConservatives i think its more in the middle east but its under Europe
@@MeetConservatives Asia and Europe are really 1 continent called Eurasia, they have simply been divided by certain mountain ranges as boundaries which doesn't make enough sense, while maybe should have been other considerations, which is why Georgia, Armenia, Azerbaijan, Turkiye, Cyprus, have mostly been included in the European side and in European institutions, none of those countries have ever even been as part of any Asian institutions.
Furthermore, most people of West Asia/Middle East, South Asia, North Africa, and even parts of Central Asia, then also Australia & NZ, are of European origin and or European/Caucasian race!!
By science race is defined by facial features similarities not skin color!!