From Flag Theory
Pillar 2 of our updated 7 Pillars of FlagTheory is optimizing a “tax residency“. This doesn’t necessarily mean living in the jurisdiction, but rather setting up a permanent residency in a low tax jurisdiction that allows you to live and play where you want. In this article we cover some of the pitfalls and strategies that you can use to set-up a new residency for tax purposes.
Certain locations have a physical presence required to get and maintain this status, but others do not. Passports.IO also covers residency requirements and programs, in addition to Passports.
Tax optimization is always a very specific for each case and should only be completed under the guidance of certified tax professionals for your country of origin.
You can use the page at Incorporations.IO to check tax treaties and CFC (controlled foreign corporation) laws for individual countries. When you are ready to get started, let our team know and we can get you on a free call with one of our experts to discuss your situation and goals to make sure you are entering the best program for your needs.
New and updated articles
Highlighted article: A podcast from back in November: “Singapore, Hong Kong, & Other Considerations for Global Business with Flag Theory Team” at Global From Asia.
FAQ
What are some options for living and working in Thailand?
We have written a great number of articles on Thailand options. From living in Bangkok, visa options, setting up a BOI company to the ever popular IGLU program.
Got a question? E-mail it to us at [email protected] and we may answer it in our next newsletter or might even make it onto the site as an article.