I read most of the tax-friendly-countries thread in the forum, but had a more nuanced Q I didn't see addressed. There's a list of countries that levy NO personal income tax, which of course is ideal, but they are typically not all that desirable as places to live, e.g. Panama, Costa Rica, Monaco (so the absence of income tax is presumably a carrot they have to dangle to entice ex-pats.) There's a far broader list of countries that would seem to be better options (developed cities, higher quality of life, etc) and with no (or very low e.g. <10%) taxes on capital gains. HOWEVER most of those on this list still differentiate between professional & non-professional traders, and if they determine that you're a pro (usually via factors like frequency/complexity of trades, % income derived from trading, etc) they'll tax your capital gains as ordinary income, defeating the entire purpose. So I'm hoping someone else has looked into this and can offer any tips on developed countries where *any and all stock trades* are tax-free (or taxed very lightly) regardless of any pro vs non-pro distinction.