10 Countries with NO Capital Gains TAX

[@jimlevell3800]

Belgium taxes on speculative activity? Investing is speculative activity. So how can Belgium be on this list?

[@bluesky23-z8g]

I thought Puerto Rico was a hit spot for avoiding cap gains. How many days per yr do you hv to live there to qualify?

[@MichaelRosmer]

Depends on the sourcing of those capital gains but yes in some cases it can be great. This being said it's typically 183 days per year.

[@dialecticalmonist3405]

At least 183 days, and you better be able to prove it. They will not bend over backwards to help you.

[@jasonroy7177]

Hey Man, surfing on tax havens and found your video. Really appreciate for putting together the list and appreciate for taking time and responding to comments. from your earlier comment *Depends on the country, often it is only long term but there are some exceptions*, can you please comment the countries/territories for short-term gains. Thanks Man

[@OffshoreCitizen]

For those generally zero tax countries or ones I listed in another video on being good for traders. But you can also sometimes structure through a foreign company depending on your circumstances

[@mr.v3061]

I'm from Belgium and i'm glad our incompetent politicians made this decision. However, i do pay 0.35% tax on the FULL amount when i buy a stock and 0.35% on the FULL amount when i sell a stock with or without gain. If you make trade like a daytrader you'll be taxed as if this is your profession. This is just for a few people.

[@MichaelRosmer]

Yeah I think we'll see more of this coming up in other parts of the world.

[@thatswhatshesaidbro]

What rate would a day trader be then?

[@dimitrivancamp1013]

Fellow Belgian here. You can avoid the transfer tax by using options and creating a synthetic stock or more easily just buy a long term deep in the money call option. You’re welcome

[@lavidaseverico]

So if I’m a day trader in belgium on the forex exchange market. How much procent tax do I pay?

[@chrish.4729]

Super helping tax planning info. Thanks, Michael.

[@OffshoreCitizen]

Always happy to be of service! Anything you'd like to see next?

[@WillyWanka]

Idont believe in capital gains tax

[@MichaelRosmer]

Haha

[@davide7398]

It believes in you.

[@lagillas]

SAME, i live in a 3rd world country and FUCK them, if they say i have to pay them no matter what, then I keep my crypto in a cold wallet and only withdraw like $100 a month and LIVE LIKE A FKN RAT. i rather live like a RAT even when i have MILLIONS, than to pay stupid taxes i don't agree with. I'M UNDERGROUND BABY!

[@dialecticalmonist3405]

Prove it. Move to a country with none.

[@bufordmaddogtannen]

Re. Shares, Switzerland doesn't like active traders, so the lack of capital gain tax only applies to investments held for at least 12 months. There are a few requirements to meet, otherwise the profits will be taxed, usually as income but the specifics depend on the canton one lives in.

[@craigus99]

Does Portugal really charge no capital gains? I thought they do, even under the NHR

[@MichaelRosmer]

The NHR protects foreign capital gains not domestic. Of course most of your capital gains probably will be foreign so that's good.

[@JoseManuelRojoManaute]

​@@MichaelRosmer Hi! thanks for your video, Michael. About Portugal, a tax advisor in Portugal told us that we were wrong about the 0% capital gain taxes (CGT) derived from selling foreign stocks (we have US stocks, based in the USA). He told us that: stock dividends, bond's interests and capital gains derived from real estate have no capital gain taxation; however, there was a flat 28% CGT when selling foreign stocks. That's why we decided to move to Malaysia instead.

[@MichaelRosmer]

@@JoseManuelRojoManaute yeah the key item here is how they define foreign. If a Portuguese resident buys a stock on a market or of a foreign company that doesn't necessarily make those capital gains foreign. There was a similar court case in Malaysia that went the other way regarding interest btw and the question of whether it was foreign or domestic. Malaysia is a legit choice, I'd personally rather live there than Portugal anyway, it's just quite closed right now.

[@JoseManuelRojoManaute]

​@@MichaelRosmer Thanks for your kind replay Michael. Our tax advisor warned us against selling stocks once residing in Portugal (not against "buying" once in Portugal). That's what forced us to go to Malaysia. If you had the opposite information (and you thought it would be possible to get established in Portugal at 0% CGT from selling stocks) we would love to hear your advice and know if you could provide us services for getting established there. Otherwise, I guess that we will continue arranging things towards getting established in Malaysia. Are you providing services for expats in Malaysia?

[@CBEACH]

@@JoseManuelRojoManaute how is life in Malaysia

[@JoelR777]

New Zealand has capital gains tax called the bright line.

[@DR-it8ce]

Georgia also 0 capital gains, if you hold your shares for at least 2 years.

[@MichaelRosmer]

Good catch yes certain capital gains (your home) and shares or assets not used in economic activity are tax exempt if held for 2 years or more.

[@BossChronicles]

I need to leave California no other state I find appealing considering UAE Malaysia

[@MichaelRosmer]

UAE is a good option right now unfortunately, Malaysia is mostly closed at the moment.

[@uncletookie9102]

@@MichaelRosmer I'm just starting these videos/this journey. What mindset adjustments and success blueprints would you recommend to a devoted novice as I devise a plan? Thanks for your labor of love.

[@MichaelRosmer]

@@uncletookie9102 great question. I did some videos about this subject a while ago. Some mental disciplines I think are worth focusing on today are: - Courage - Execution bias - Initiative - Resourcefulness - Accountability Check out the video from August called "4 Key Qualities the will help you stand out today". Aside from that I think the idea of optionality is a really important concept to build into your approach because we're living in really uncertain times and we need strategies to deal with that uncertainty.

[@BossChronicles]

@@MichaelRosmer yea I think Dubai is a really awesome place modern safe has all the amenities one needs

[@MichaelRosmer]

@@BossChronicles yeah and it keeps getting better and better. It's one of the few places in the world today I'm confident will be much better in 10 years than it is today

[@ronanz-z2w]

Brazil has 15% CGT.

[@tw9419]

I'm very surprised to see some of these countries on the list, especially New Zealand and Belgium. I thought these two have high taxes no matter what 😄😅

[@MichaelRosmer]

Little loopholes in some. New Zealand works hard to attract rich people actually

[@dialecticalmonist3405]

You're surprised because it isn't accurate.

[@mariomario3744]

if you invest in the US stock market and you re from another country and yo dont have your residense there, which country would be the best to live to avoid paying capital gains?

[@OffshoreCitizen]

There's many options per the video if you want to discuss in more detail the best is to book a call and we can go over your specific situation

[@gamerzbangerz]

What about capital gains from trading activity, imagine I live in Panama and I make money from options trading am I still exempt from capital gains tax if my broker is US TD Ameritrade or Canadian ScotiaItrade

[@dialecticalmonist3405]

If you are a US citizen, you are never exempt from capital gains. No matter where you live or how long you live there. You have to renounce citizenship to escape that prison cell.

[@KNVBKing]

Unfortunately New Zealand has a tax on foreign shares if the amount invested is more than 50,000 dollars. If I understand correctly it's not really a capital gains tax though, it's a percentage of the total value of your holdings, every year (even if you didn't sell or make any gains). So still not great even if there is no capital gains tax.

[@OffshoreCitizen]

Depends if FIF rules apply and if they are foreign or domestic shares and a couple other things

[@AusValue]

@@OffshoreCitizenit’s worth mentioning that New Zealand also has a transitory tax resident program where foreign income is tax free for 4 years. So In that case FIF rules don’t matter

[@krisztiandora97]

-Where did you read that Belgium, Shwitzerland, Liechtenstein, and New Zealand have no capital gains ? I think it is false. If you can meet to many criterie (requirements), it might be true. On the other hands, there are many countries in Europe, like Hungary, Cheslovakia and so on...have 0 % capital gain tax if you hold your stocks over more year (for example, in Hungary: 5 year).

[@MichaelRosmer]

It's not false. Liechtenstein, Switzerland, New Zealand only tax local real estate, Belgium is a bit more complex. For reference you can read what the New Zealand government has to say www.newzealandnow.govt.nz/live-in-new-zealand/money-tax/taxes Where are you getting this Hungarian e exemption after 5 years? Though to be fair that's a super long time. Yes there are places where if you hold long enough there are exemptions.

[@bufordmaddogtannen]

@@MichaelRosmer you cannot daytrade in Switzerland and hope not to pay any CGT. You'll be assessed based on few criteria and you most likely will be taxed at marginal rate.

[@MichaelRosmer]

@@bufordmaddogtannen no day trading in most places isn't considered capital gains

[@bufordmaddogtannen]

@@MichaelRosmer let me rephrase it. In Switzerland there is no capital gain tax on shares if these are seen by the tax authorities as an investment. About gains from daytrading not being treated as capital gains it depends on the country. For instance, in the UK HMRC could in theory tax profits from daytrading at marginal rate, but don't do so as this would allow a person to bring losses forward for a number of tax years and HMRC doesn't like that.

[@MrMrSapphire]

What about Paraguay?

[@OffshoreCitizen]

They have 10% cap gains tax

[@MrMrSapphire]

@@OffshoreCitizen does that 10% apply on capital gains sourced from outside Paraguay?

[@samcurran8124]

Keep posting.

[@OffshoreCitizen]

Stay tuned :) What type of content are you interested in seeing more?

[@samcurran8124]

@@OffshoreCitizen Ranking of best countries.

[@gopherlee9427]

Papau New Guinea? I would much rather live in Namibia which has no "Personal Capital Gains."

[@islandboy9580]

where is puerto rico

[@MichaelRosmer]

Puerto Rico isn't a country and actually does gave capital gains just there's an exemption for Act 60. So in that sense it's similar to some of the non-dom programs mentioned elsewhere.

[@islandboy9580]

@@MichaelRosmer yes act 60 is the reason their is no capitol gains so like i said no capitol gains. lol as far as not being a country vs unincorporated territory of the us is irrelevant to people moving for taxes or otherwise.

[@MichaelRosmer]

@@islandboy9580 actually it does matter to people because it requires US visas and immigration process.

[@islandboy9580]

@@MichaelRosmerpuerto rico doesn't and no capital gains so that is reason i mentioned puerto rico.

[@MichaelRosmer]

@@islandboy9580 It absolutely requires the exact same thing as the US. It is part of the US. So yes for Americans who are able to take advantage of Act 60 they can potentially get away without capital gains, that's legit. For foreigners the immigration process into the US is very difficult and then Puerto Rico isn't appealing to most people so it's not a great option. But yes it's a bit like Malta or Cyprus, not actually no capital gains but special regime where you can get it.

[@logintosco]

Netherlands?

[@MichaelRosmer]

Netherlands has a different sort of system because they do what's called Box 1, 2 & 3 income. So it depends which box it shows up in. Often a lot of capital gains will be box 2 but yeah if box 3 then that would be different.

[@mathiasskovhansen3338]

Hello ive been watching alot of you videos, you sure about Belgium? when you say capital gains, that includes gains and stocks and the dividends you get from stocks right?

[@MichaelRosmer]

No, dividends are dividends they aren't capital gains. Capital gains tend to fall into 2 categories: - sale of securities (generally not taxable in Belgium with some exceptions) - sale of real estate (tax rate varies in Belgium based on how long you've held for) In some cases crypto will have different rules and sometimes foreign assets are taxed differently from domestic assets.

[@mathiasskovhansen3338]

@@MichaelRosmer Aight cool sorry for the bad formulation, my english aint that great. - So which category does stock gains fald under? (also just so i know when look at youre other videos when you talk about capital gains and stuff).

[@MichaelRosmer]

@@mathiasskovhansen3338 generally the sale of shares are capital gains that are sourced based on where the seller is located but there's no one rule for all cases you need to look country by country.

[@samcurran8124]

Great

[@pashkadark3116]

Luxembourg as well

[@TakashiNippon]

u missed alot of great countries

[@OffshoreCitizen]

Which ones?