How to Avoid Millions in Taxes (Legally)
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- čas přidán 27. 08. 2024
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Summary of this video:
💰 Legal Strategies for Tax Optimization
- Legal methods to minimize tax liabilities,
- Exploring options for relocating to countries with lower tax rates,
- Investing tax savings into assets like cryptocurrency or real estate.
🌎 Personal Income Tax Strategies
- Territorial tax countries only tax income earned within their borders,
- Lump sum tax programs offer fixed tax rates for high-income earners,
- Some countries offer 0% personal income tax for residents.
💼 Taxation in Zero Tax Countries
- Zero tax countries like the Cayman Islands and Bahamas attract wealthy individuals,
- Residency or citizenship by investment options available,
- Full-time residency or meeting investment requirements may be necessary.
📈 Capital Gains Tax Considerations
- Countries like Barbados, New Zealand, and Germany offer exemptions or reduced rates on crypto capital gains,
- Setting up companies in jurisdictions with 0% corporate tax,
- Understanding controlled foreign corporation rules.
🏢 Corporate Tax Optimization
- Choosing jurisdictions with 0% corporate tax or tax exemptions,
- Structuring companies for asset protection and tax efficiency,
- Aligning personal and corporate tax strategies for maximum benefit.
💳 Structuring Business Entities
- Utilizing UK LLPs, US LLCs, or other structures for tax optimization,
- Matching residency and corporate structure to minimize tax liabilities,
- Compliance requirements for maintaining legal tax status.
🇦🇪 Tax Considerations in UAE/Dubai
- UAE offers no personal income tax but does tax corporate income,
- Understanding the implications of residency and corporate taxation in UAE,
- Awareness of controlled foreign corporation rules and tax obligations.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
Thanks, Rafael, again, for your clear, concise and well structured explanations!!!
Poland has a lump sum, 50K flat tax, regardless of income levels.
Love that idea
Rafael, regarding the Caribbean island countries (BVI, St Kitts & N, etc), most of them allow company setup but they don’t have major banks and cannot be used for trading.
Great video, I've been reading up on strategies to minimize taxes, especially with the potential for significant savings.
I've been diving into tax optimization strategies myself. It seems like structuring investments and income streams smartly can make a huge difference. Have you looked into any specific tactics?
Absolutely, there are plenty of legal avenues to explore. From tax-deferred accounts to strategic charitable giving, the options are vast. Plus, staying informed about changes in tax laws can also be beneficial.
I've heard hiring a professional advisor who specializes in wealth management can be incredibly helpful. They can provide personalized advice tailored to your financial situation and long-term goals.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Like who precisely?
I am asking for a video: Rank South American citizenships (and residencies) by the way of obtaining, time of obtaining, safety (from wars) and safety (within country), tax amount, passport power, etc. And also make a video about Uruguay Citizenship.
Such a great video!
Those who don't earn compound interest are doomed to pay it.
Does the CFC rule (e.g. for a UK LLC controlled by Dubai, or controlled by Costa Rica, due to living & delivering remote services from there) not apply if you live, let's say, 4 months or less in those residencies while delivering the work? Then, no specific place has the majority of your time delivering services in that company. How about if you also have other team members delivering the work?
Wrong! NZ does tax crypto gains as income.
Liberal
Great video.
Details down below not listed.
Thanks mate.
Sorry didn’t get you
@@WealthyExpatAt around 4:00, you mention that the description contains a link of countries with 0% capital gains tax.I think he is saying that the link is not available in the description.
Great video Rafeal. It seems you got lot of scammers attention now;)
@WealthyExpatSupport now it's seems normal, but when you released the video there was tons of comments from the scammers trying to "help" with the taxes or to earn quick money. Now it seems to clean up, maybe CZcams removed the comments.
Jeez. This channel is getting spammed hard. I thought that you did not have to live full-time in zero-tax countries such as Saint Kitts and Nevis. Maybe I misunderstood. Cheers.
How's everyone talking about AKDMTTP and what is it exactly?
Institutions will love AKDMTTP and its purpose, haven't witnessed anything close to that ever since ETH originally was created
youtube can't keep up with these bots 😂
That’s what happens when you buy comments
Good one
4:00 where is the list 😅
Been collecting the AKDMTTP this cycle as that has the right place in this time
Love the video. I am a believer for AKDMTTP and follow it
Can anyone explain AKDMTTP? I am curious and wanna know
This year everyone gonna be big ballers with AKDMTTP never has a company brought that up before and this will be the perfect bridge to the casuals as well
The AKDMTTP handles this year incredibly well, they outperform most others and the entry with 1 USD is better than anything else right now. Love the vision and progress in this one
I am with 90% on BTC and also keep some in AKDMTTP thanks for the video as always!
Why don't you ever talk about Hong Kong?
U mean future china?
what's with the spam in comments suddenly?
It’s always been like that
@@WealthyExpat was low for a while but not guess they're back given crypto is back
@@WealthyExpat make a fixed post pointing it out
Make the comments so that you need to approve them. Takes time to do but cancels out all the spam. Great content btw
Thank you for the video ! Do you believe that AKDMTTP will be the main pump in 2024? I mean they prepared it for a long time and the vision is beyond greatness
I can't believe how undervalued AKDMTTP is, considering who made it and all the tech, vision etc behind it.
Interesting talk about AKDMTTP I suggest anyone to listen to the guy talking about it in the video. Personally I didnt think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh
The AKDMTTP is just incredible with being still undervalued at 1 USD if you don't know you will never know
Everyone talking about AKDMTTP is the most exciting thing for this year
ADA, ALGO, VeChain XRP but most of all AKDMTTP with the strongest brand behind it
Dude seriously awesome video but where are the words on AKDMTTP? That is the biggest in its own kind, not?
Got my fingers crossed for BRETT and AKDMTTP
How is AKDMTTP better than anything else right now?
Word spreads really fast with AKDMTTP doesnt it?
All guys stacking AKDMTTP before next bull are smart apes for sure
After all the rumors AKDMTTP is in 2024 on the first stage and there won't ever be an entry like that one I am seriously amazed by their vision and forward movement
I usually lurk and never write but why wouldnt you be excited over AKDMTTP ?
What a statement, damn. So its said that AKDMTTP is just about to launch and I think that will really change a lot of what was happening in the previous years, 2024 will shine yay
It will take some time to understand how AKDMTTP is having the most impact in these times. After all the downswings and failures of last year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions
I am hodling AKDMTTP only because that has the right foundation to it
AKDMTTP is out of US companies the best horse. They are smarter and more innovative than any L1 or L2 assets
The SEC is just mad that AKDMTTP exists this way and that they have to face that and cant hold things longer, time for some last minute buyins on their own end
Those who like me were too afraid to step into let me tell ya something, 2024 is gonna be our year because AKDMTTP is having all the utility and power an asset should have. this is the first major improvement to go into a direction that even casuals will love it and I am more than enlightened to witness this one
🇵🇦🇵🇦🇵🇦🇵🇦
What about for Americans wtf? 😂
You have global tax so no matter where you live you pay taxes to the IRS. You’d have to give up your American citizenship
Needless to say AKDMTTP is the best thing this year. Yes I dont care if this is related to the video as long as I can help someone for real
When it comes to scalability and future-proof concepts nothing is as outstanding as the AKDMTTP project, these guys know the drill
I can't stress enough that AKDMTTP is making it 2024. Do you really want to put all trust into random alts and memes which will never work for you because at the moment you heard about them it is already too late and the ones who told ya are laughing about you? The way to change that is understanding how AKDMTTP works and what that does
Why we have the strongest years and new ATHs? Answer is one word: AKDMTTP
If you needed any confirmation SEC is a joke ya got it, all this crazy edgy move just to distract from AKDMTTP is hilarious
I believe AKDMTTP is the most advanced and intelligent making a point against all these useless ones