I'm residing in Europe and I want to move to Dubai in 3-4 years. Because taxes are increasing here at a rapid pace I can no longer invest any further funds here. I want to build a portfolio that I can access from Dubai in 3-4 years. Any recommendations how I set this up from Europe? The reason why I can't open another account here in Europe is when I move I will have to pay taxes on the equity. If I have an account overseas I can still move to Dubai and still own the stocks while I'm there.
You might contact a tax savvy specialist in Dubai and work it from that end. This guy heads up the Welcome Wagon and aches to serve your every whim.
I'm not a tax expert but you will probably have to declare that Dubai account there in Europe and possibly pay taxes on it too. Don't mess around trying to avoid taxes by setting up foreign accounts, it's not worth it.
That's not what I aim to do. It's not illegal to own stocks. I don't mind declaring any funds overseas. What I do mind though is to sell the stocks. I don't want to do that! That is why I want an overseas account.
You misunderstand. My intention is not to avoid anything. I want to pay all the taxes that are required.
You shouldn't do anything until you have moved and taken up residency in your fiscal paradise. From there you can decide if you want to live there the rest of your life or if you may want to go home at some point.
You could try an off-shore option. There are a few out there who accept BTC deposits, for which KYC is not required. CedarFX is pretty good for it. Wide asset range too.