On the other hand, it depend on his situation A) If his age is 30 and confident to live until 80, for the next 50 years With seed of 100K and annual 20%, it will grow to 100*1.2^50 = 910043.8 = 910M. B) if his age is 50 and expect to live 20 more years. With seed of 100K and annual 20%, it will grow to 100*1.2^20 = 3833.76 = 3.8M. There is lot of difference.
Jk how do u expect to pay for your living expenses ? You would have a hard time earning enough to live on 100k, let alone compound all your profits - except if u have other sources of income, or are supported financially. again i'm surprised 300k to 1mil in a bank acct is enough to get residence permit in Monaco- except for the french i don't see why so many europeans move to Switzerland where the cost of living is not lower but the taxes much higher - and the tax lump sums deals in Switerland are about to get worse. Note that UK is more popular nowadays than Switzerland for high net worth individuals looking for sweet tax deals
Of course, it is an issue. Suppose one need expense of 30K per year, he should have payroll income or other source of income. If anyone with no working job have a trading logic of annual 20% profit, then his seed of 150K is for supporting his living expense of 30K every year, and the rest amount after the 150K subtracting will grow (real finincial asset) as much as exponentially 20%, for the 50 years. Note that this place in EliteTrader is named as "Trading for a living" My main point is "Capitalism is based on compounding and tax issue", not "I can live with no food". Hypo example with 100K is just for explanation of compounding only.
A lot of Eastern Europeans and other foreigners are buying property in the UK now especially in/around London to get their money out of their own countries.
Not in Estonia, there is no corporate tax. From what I read, it's similar in Latvia, you pay only once which makes perfect sense - no capgains, no dividend tax, just the 15% on corp. income. It's quite perverse that this double form of taxation (corporate + dividends) has become norm in many places, completely illogical and just pure bureaucratic greed. As a trader he wouldn't have issues moving to this place 6 months a year, even in Monaco - he HAS to stay there 3 months per year (as mentioned).
You can't make decisions on taxation based on a Wikipedia article. There are special cases depending whether your income is local, whether you also work in the country or in a neighboring country, whether you were born there etc. Taxation isn't as simple as just looking at percentages.
Let's be honest, they're either Middle Eastern oil kids or Russian Jews who had a disagreement with Putin. They're buying because the UK RE boom is still continuing (for Arabs) or to get protection from Putin.
In most European countries Monaco is only accepted if you're domiciliated in Monaco. I know people who had (bad) experiences with it. Just go on holiday there is not working. The 183 days rule (6 months) only counts for people who work as employee (and under specific conditions), not as independant trader. Maybe interpretation varies depending on the fiscal administration of each country.