Unless you renounce your US citizenship like many multi-billionaires, Mark Zuckerberg, CEO of Facebook, the Google owners just to name a few. And you have to pay a HEFTY fee upon renouncing your US citizenship. Yup, Uncle Sam takes ONE last bite of you before letting you go, setting you free. LOL I would say the best country to trade with regards to tax efficiency of trading capital is Singapore. ZERO tax on capital gains!!
I noticed that family office is among the eligible activities for investor visa, and remember a couple of years ago Singapore officials doing the the rounds in Switzerland pushing the funds there to relocate to Singapore, but how do you get a residence permit in Singapore nowadays for independent traders ? A few years back investing around 2 mil sgd in the country was enough but no longer from what I read lately and heard on my last visit there, one has to set up a proper company with a bunch of employees and a decent turnover (around 50mil sgd a year, not sure if trading turnover counts, but audited statement of the past couple of years were required last I checked )
Yeah it's a LOT tougher now to immigrate to Singapore due to the influx of foreign workers and businesses (yes blame it on the Chinese) nowadays that Singapore has tightened the requirement threshold for entry to Singapore. And plus Singapore is more established now so they aren't as needy of capital in terms of human and/or financial like few years ago.
Really no CapGainTax in Singapre? Maybe there is tamp duty (transaction tax) anf high commission in Singapore. Tell me if someone has proper link to explain Singapore system.
Jeez, you still don't get it, cap gain tax for singapore residents has nothing to do with the Singapore stockmarket. Singaporeans can use an american discount broker, and trade the US market(or about any market for that matter) with the same commission asthose who will be hit by cap gain tax, while not beeing taxed on their capital gains. About 5 posters tried to explain you that already. And if you are tax resident in a country where cap gains tax apply, even if you trade the Singapore market, you will be hit with the tax, if you are profitable and declare those profits at least. Taxation on cap gains depends on the country where one resides (and on his set up), not on the exchange he trades.
The only problem with countries that have trader friendly tax rules: Cost of living (especially rent) often exceedes tax savings large scale. Regards
Many people confuse "no capital gains" with paying no taxes. There are several countries that I know where there are no capital gains, but where they tax you for daytrading or trading in general at the normal taxrate. So in these countries traders have no tax advantage, they pay the full rate. Trading profits are many times not considered as capital gains. If taxes are low and cost of living is low, then there is a reason why this is so. Dubai, Bulgaria, exotic islands.... who wants to live there?
Yes who wants to live in Dubai ? Only 85% of the population is expat... The cost of living is not cheap btw especially that there are many ways to spend for all ages and people around flash serious cash. Also whereas real estate compares favourably to other business hubs when buying, renting doesn't seem quite as much of a bargain.