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Which countries are tax free for forex trading?

i lived in dubai for a long time, u will love it there, safe tax free and well serviced, a nice 2 bedroom apartment is around 20k a year (usd that is)....
let me know if u need any help
one nice thing about trading through dubai's companies is swap free!!! and there are many branches to big companies there.... can help u with that too if needed
Quote
a nice 2 bedroom apartment is around 20k a year

Quoting mrjinks
In my humble opinion, Andorra will be your best shot.

Regards,
MrJinks.
Hi MrJinks do you live there? It looks fantastic
Tracking the Specialists.
Quoting Connected
Hi MrJinks do you live there? It looks fantastic
Hi Connected. In fact I don't live in Andorra but I have a friend who lives there...I went there to visit him about a year ago and like you said, it's a fantastic country...everything you need with no income tax at all....

Regards,
MrJniks.
Quoting mrjinks
In my humble opinion, Andorra will be your best shot.

Regards,
MrJinks.
Andorra is a good option, I think I'd feel right at home there. Only thing is I'd miss the ocean, I'm quite picky lol.
World best tax free country Dubai UAE , No tax , on food etc absolutely 0 TAX.... Guy please guide me about Trading .. I just start EURUSD Trading.... tell me the best trading times or Bids
Thanks
There are good schools in many places you might think would not have them. The key is finding a place with expats living there. Once the numbers get big enough, the schools will open. However, if they're a western curriculum school, they cost a fair amount. My sons attend a British school with all British teachers in Al Ain, UAE and the instruction is quite good (my wife and I teach at the national university, so we're competent judges of this sort of thing).

The huge benefit of schools like these is the exposure the kids get to many different people and cultures. They are without question better prepared to face the world once they finish high school, due to their education, and the fact that most of them will have traveled more by the time they're 18 than most adults ever will.

In addition, kids from expat backgrounds are quite valuable to western universities. The number of kids I've seen over the last 10 years head off to the best westerns uni's is way beyond the norm. These kids are way beyond the norm than most of the kids that apply from those countries.

The major drawback however to International schools is the cost. ThIs year we will pay $42,000 for our two sons (just tuition). They better get some scholarships!!!
Bumping the thread and moving it in a related but different direction in hopes of hearing some thoughts...

Why wouldn't you simply establish a corporate entity and live anywhere you want? Let the tax implications be resolved in whatever jurisdiction the corp is headquartered in and simply pay yourself a tiny salary as an employee.

Isnt that a much more flexible solution? Salary could be low enough to not really incur income tax to speak of in the locality you do liv in. And other expenses like car, etc etc, is all accounted as business expense against corp profits.
There are many things to consider when you are trying to decide on a country to live in or to conduct business in. The issue of taxes is very complex and I have been studying this for several years.

Where will your new thread be located?
Quoting digitil
Bumping the thread and moving it in a related but different direction in hopes of hearing some thoughts... Why wouldn't you simply establish a corporate entity and live anywhere you want? Let the tax implications be resolved in whatever jurisdiction the corp is headquartered in and simply pay yourself a tiny salary as an employee. Isnt that a much more flexible solution? Salary could be low enough to not really incur income tax to speak of in the locality you do liv in. And other expenses like car, etc etc, is all accounted as business expense against...
Most taxation authorities (at least EU-wide) would judge this to be a circumvention unless that company has an ongoing business, local manager, ... not just a rented mail box / telphone line.

So the medicine would be worse than the illness to be cured.

Regards
Quoting Forex37
{quote} Most taxation authorities (at least EU-wide) would judge this to be a circumvention unless that company has an ongoing business, local manager, ... not just a rented mail box / telphone line. So the medicine would be worse than the illness to be cured. Regards
The EU and USA are pretty much closing any and all loopholes that used to exist.

There are still options but really the only REAL option is to move outside these areas and potentially give up your passport.

Of course there are other options but these are the only real legit options if you are that serious about it.

But, I personally wonder if my desire it rational or if it's just being greedy.

The USA has pretty low capital gains taxes for being an industrialized nation. They treat us pretty damn good here.
Some places like Republic Bahamas, Bermuda, the Cayman Islands and Nauru, Hong Kong, Panama, Cyprus?
Brunei. No personal or capital gains tax.

seriously considering this. Not sure if its possible for non residents though.
indonesia
i worshipped... Momentum
Philippines can also be your option if you want to move far away in Asia. Also, cost of living here is very affordable. You may also acquire properties that are twice as big as you can afford in other developed countries. (i.e. Money that can afford a 1-bedroom suite in Europe may get you a 3-bedroom duplex house or condo unit). Plus, you will be living in paradise here! No taxes for all gains in Forex. And you can be a trader for other investors as well. And you may get commissions off your trades; NO TAX, TOO!
Quoting flyer415
Taxes on forex if you are a fulltime trade can be more complicated then just looking at capital gains tax. For example, in Canada as a fulltime trader I am not taxed at the capital gains rate but at a normal income rate (which can be and is double in my case). Tax authorities may look at fulltime traders as that is your job whereas capital gains tax is used for people who invest but not for a living. In my case I had to create a corporation to make it more tax efficient. I do not profess to be a tax advisor of any sort and I am only giving you my...

hi flyer i am planning for MBA at UofT being an international can i trade in canada without paying hefty taxes ?
Quoting Razdel
i lived in dubai for a long time, u will love it there, safe tax free and well serviced, a nice 2 bedroom apartment is around 20k a year (usd that is).... let me know if u need any help one nice thing about trading through dubai's companies is swap free!!! and there are many branches to big companies there.... can help u with that too if needed
Hello
I am From India. Full Time Forex Trader, but the only thing is that in India Our Reserve Bank Of India has ban on forex trading. so just I would like to know that . if i want to come dubai and I would like to do forex trading means. First I need one bank account in dubai and at the same time I need dubai country Photo ID (In my Name) and local address proof to open Bank Account.

And the second thing is if come on visitor visa it is illegal to do business in dubai

so what is the best way to come dubai?

so Is there any right way to come dubai and get all the above things to open bank account and operate full time forex trading. I am married and blessed with one daughter. I would like tostay with my family in dubai.

Is there any idea about my view please

anilcashtips
come to indonesia, cheap every thing. apartement rental are around 500 USD/month, and tax free for forex
Quoting flyer415
Taxes on forex if you are a fulltime trade can be more complicated then just looking at capital gains tax. For example, in Canada as a fulltime trader I am not taxed at the capital gains rate but at a normal income rate (which can be and is double in my case). Tax authorities may look at fulltime traders as that is your job whereas capital gains tax is used for people who invest but not for a living. In my case I had to create a corporation to make it more tax efficient. I do not profess to be a tax advisor of any sort and I am only giving you my...

Hi just wana You if your broker is in US based example alpari US and your living in canada are you gona pay tax in canada or in USA?
Quoting Forex37
{quote} Most taxation authorities (at least EU-wide) would judge this to be a circumvention unless that company has an ongoing business, local manager, ... not just a rented mail box / telphone line. So the medicine would be worse than the illness to be cured. Regards
There's nothing illegal about a US citizen forming a corporation in another country. And, of course, the US government can't tax income gained by that foreign corporation. Once you try to derive income from the foreign corporation's business activities, though, then you will have a tax liability on that income in the US if you remain a US citizen. Another practical matter is whether US or EU-based brokers will allow your foreign corporation to establish an account from which to trade. Before you go to the expense of forming an offshore business entity, check with the banks/brokers that you want to trade with and see what they say about the latter.

I have looked into going offshore and the only way it seemed to make sense to me personally was if I intended to start a new life in the country where the corporation would be formed and so be able to fully enjoy the fruits of its labor, so to speak. However, a great many wealthy US citizens go this route: there's nothing illegal about it and it's certainly not necessary to forgo your citizenship if you have ownership in an offshore corporation.
"If The Fool persists in his Folly he will become wise." - William Blake
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