New Tax Havens

Tax Havens are a common topic in the offshore world. Historically these places, usually small island nations, were more common and useful for some. Nowadays due to the changing regulations it is not so straightforward. But what are the new tax havens in 2023, and can you take advantage of them?
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
----------------------------------------------------------------------------------------------------------------
Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.
Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.
At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.
With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
..........................................................................................................................................
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
🌎 Visit our website:
offshorecitizen.net

[@westernkentucky5956]

Howdy. Good video. BTW, typo up above. It's Cyprus, not Cypress. Cheers.

[@ivaniliev8805]

Thanks, Michael I have to admit chasing a 0% tax set up in today's world could be a double edged knife. A good alternative and one which has far less exposure - in my opinion - is to simply find a location where you pay the least amount of tax with the proper substance behind it.

[@OffshoreCitizen]

Agreed. Many other factors should be considered when planning out your life, aside from the 0% tax chase. What would be the place that fits your criteria?

[@stevemyers2092]

Thanks Michael, have been waiting for something like this...appreciated.

[@OffshoreCitizen]

Our pleasure! What are your thoughts?

[@FinancialFreedomLifestyle]

this was great! Thank you for the content as always.

[@OffshoreCitizen]

A pleasure! What are your thoughts?

[@istvan.lovasz]

Excellent material as usual! As you may have read, the DTA between the US and Hungary will be cancelled on 1 Jan. I would love to see a video on how this will change the business relations between the two countries. I think it is relatively rare but not without precedent.

[@yusufg9674]

Thank you Michael ❤ Can you do a video on the current state of UAE corporate tax rate? First they said free zones will be exempt. Now it came down to a very narrow set of situations where it’s true. Even zones like DIFC which promised and even had laws exempting companies from tax for 50 years plan to charge 9%. Is there a strategy to still enjoy zero tax operating from Dubai for most companies? Good thing they have no CFC rules but they do have management and control rules. Is it better to register mainland companies now or there’s still some benefits to free zone ones?

[@aaaa25642]

When everyone talks about UAE they don't mention the hidden taxes like license price, you should pay for it 2-4k usd per year. Apart of corporate tax 9%

[@JohnIvan-nk6yw]

cuz every country or state in case of usa has yearly license or renewal price...

[@simonunknown]

Free zone companies are tax exempt.

[@bboulnois]

Thanks again for your content - I always come away thinking that if someone tries to go it alone without someone of your calibre it’s an absolute minefield.

[@OffshoreCitizen]

A pleasure! Always best to consult an expert. Anything you'd like to see next?

[@michaelgreen5515]

Michael is excellent. Anyone telling you one jurisdiction is correct run a mile from. There are so many factors like citizenship, DTA, your clints suppliers. Substance critical in case your tax authority comes after you.

[@OffshoreCitizen]

Thank you. Appreciate your support and insights!

[@guusgeluk3693]

Taxes seem to be increasing anywhere and it becomes harder and harder to get good options to not get stolen from the hard work one does.

[@OffshoreCitizen]

What are your options?

[@markmartin7384]

Id love to hear more about Estonia, such as tax benefits, doing business and living there as a digital nomad

[@OffshoreCitizen]

Covered something similar in a couple of videos: kzbin.info/www/bejne/r3fIgKWXYrKBmJI kzbin.info/www/bejne/b33CkJV3qNd_n9E kzbin.info/www/bejne/goW6e2WlbNysZrs

[@VanesaSG326]

If I have a holding company in country A and this company owns shares of a company in country B, will there be some withholding tax when the holding company sells the shares of company B? Normally withholdings at source are applied to dividends, royalties and interest. In this case, is there any withholding in the country where company B is located? Or it only affects fiscally in Country A

[@OffshoreCitizen]

Lots to cover here. Probably best to reach out and we'll be happy to assist

[@DEEPSTRETCHING]

What about Lettonie 🇱🇻 ? I’ve heard it’s good place for taxes

What about Luxembourg? What can you do with it?

[@julienlesehan900]

Hi.i really appreciate your video to help to debunk the tax system. Could you do one for personal tax and crypto? Please

[@profbradleywilson]

Can you take an example for say a panamanian or paraguay individual tax resident (company coukd be as well) with wyoming, new mexico ibc and UK llp. Non us cjtizen.. income, dividends and royalties. WITH merchant.. slow it down please!

[@H80989]

Would you say bahrain over uae?

[@voi2100]

If you live in the UAE, would you rather open a crypto prop-trading company in the UAE and pay this 9% (could be decreased to 7-8%) or open a company in Jersey and build a substance there and pay 0%? Which one will be more reliable in the future?

[@julliusschneider1377]

In terms of a definition of a tax havens, do you strictly refer to the registration jurisdiction of the enterprise or you refer also the the location of the bank account? For instance, if one owns a compani in Panama, and this company operates an account in Florida, Panama would not tax the company based on the fact that there is not real invoicing in the Panamanian territory and money flows abroad. USA would also not report the UBO country as USA is not part of CRS? Am I assuming correctly?

[@OffshoreCitizen]

Bank location almost never had anything to do with tax so we're talking about registration country

[@OG-Brand]

Can i set up an IBC in Belize or Nevis and have the Banking set up as a Living Trust? I am new to all of this

[@OffshoreCitizen]

Depends on all the circumstances involved. Probably best to reach out so we can discuss all the details

[@nayanmipun6784]

Include the nations with high individual freedom as well. And pro life nations as well

[@Leonardo_A1]

Hi Michael a very nice Video and good summarization of actual Status.It will be great if you could create a Video about a Trust. For me its quite complicated to trust a trustee. I know in Britain its quite common to use a trust. So what is your opinion aboutmTrust. Aah and & am still waiting on your commentvafter you leave Bulgaria (because of missing luxury). So I like Varna its very nice. Golden Strand its nit my case. So have a great time in Emirates Cu Leonardo

[@OffshoreCitizen]

Thanks! Actually made multiple videos on trusts. You can check some of them out: kzbin.info/www/bejne/b2PdYqZ-mbyela8 kzbin.info/www/bejne/lZanp6Owgs6aY6c kzbin.info/www/bejne/eqjCq42noK-jq7s kzbin.info/www/bejne/rnezm6dupq2aZ68 kzbin.info/www/bejne/epmnlaubeLmbarM kzbin.info/www/bejne/oWLdeIyiatSEftk kzbin.info/www/bejne/bWGVmqZjadOrjck

[@beca8898]

Should do a video on crypto holders who want to move their crypto into a protected trust or LLC jurisdiction. No one talks about these options online. Maybe it’s not possible?

[@seaspeed18]

What about Gibraltar?

[@nampmaljr9294]

Good stuff Michael. Keep up the good work. Curious where did you choose to Expat?

[@OffshoreCitizen]

Thanks! I chose Dubai

[@MrGreen087]

How is wages tax free for a resident of Estonia?

[@OffshoreCitizen]

It's not, it's tax free from an Estonian company if you are abroad (you might still be taxed wherever you live so it might only be a deferral structure, which in itself can be useful)

[@20kevron]

Canada😮

[@mattball7074]

Exactly. The list is purely political. I think it only matters if you live in the EU or have to bank in the EU

[@osifomrygonen]

Why US LLC dont get so much talk? it seems like pretty straight and simple structure

[@OffshoreCitizen]

Correct. We often cover LLCs and many of our clients opt for them. It can be a great solution in many cases

[@osifomrygonen]

thank you for your answer! if i have an LLC and also a non dom in Cyprus so technically i can combine the two and take dividends from the LLC to Cyprus? @@OffshoreCitizen

[@DonGriffinJr]

Love your content! How can I get in contact for a potential partnership?

[@OffshoreCitizen]

offshorecitizen.net/contact/

[@bobbybeast1000]

thing about tax havens is you STILL pay residency or withholding tax to the country your funds are in !!! How do you get around that? You cant !!

[@OffshoreCitizen]

Depends on your personal circumstances. Each case is different, so we work in-depth with our clients to create solutions tailored to fit their situation best. Feel free to reach out in case you have any questions

[@profbradleywilson]

Such as.. can you explain a hypothetical example of this going through to $ distribution.

[@bobbybeast1000]

@@OffshoreCitizen I did, couldn't get a straight answer, only a membership pitch - there's no way for a Canadian with Canadian ETFs/ Split funds to not pay the CRA legally - impossible !!

[@vakuzar]

Let’s say you made apps and just delt with Apple, at that point anything should work, no?

[@20kevron]

They make it seem like it is a bad thing.

[@mariobroselli3642]

It says cypress instead of cyprus

[@rockface901]

Im a local resident of Jersey Channel Islands, anyone who wants to take advantage of my residential qualifications ....then let me know

[@JeremyJenner]

You are so cute 😍

[@zorro6010]

Fanboy?

[@ywueeee]

we need crypto vidoes