Not everyone can make it with you
Carry dead weight, you’ll kill your potential for their comfort & eventually resent them
Believe in others more than they believe in themselves, help change their lives & they’ll still resent you
No good deed goes unpunished.
The type of thick I like, yall would consider fat. Luckily enough for me I couldn’t give a fuck less what y’all think. I like what I like and none of your opinions will change that
The type of thick I like, yall would consider fat. Luckily enough for me I couldn’t give a fuck less what y’all think. I like what I like and none of your opinions will change that
My 0% tax setup
I’m from the UK living in thailand.
I have a UK and Hong Kong company.
Both great for ecom.
Offshore HK company is 0% tax.
My UK company doesn’t make a profit.
I am a personal tax resident in the UAE.
UAE has 0% income tax.
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How to get 0% personal tax
Method 1:
Become a UAE tax resident by setting up a UAE company.
You’ll need to be in the UAE physically for at least 90 days of the year (to be an official tax resident).
Make sure you don’t stay in another country longer than their certain time to become liable for taxes there.
Method 2:
Live in a country that doesn’t tax foreign income like Thailand.
Become a tax resident there.
Most likely the banking system will be bad.
So you’ll need to setup personal offshore bank accounts.
You can do this with banks in Singapore, Switzerland etc.
You may need deposit minimums and networth requirements.
Method 3:
Become a tax resident of a country that offers no income tax.
Many people i know are setup in Portugal.
I don’t have any experience with this.
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Right now I use method 1 but soon will switch to method 2.
I think living somewhere just for the sake of saving taxes isn’t worth it.
Your freedom of being where you want is more valuable to me than tax.
So i think when it comes to personal tax, look at what countries you want to spend your time in and then put a plan together.
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If your business is ecom everyone should get their company tax to 0%.
As it doesn’t matter where you live.
You can do this using an offshore HK company or US LLC.
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I’m making this tweet to share what I know.
Hopefully it’s helpful.
I’m a young guy on X.
Of course do not listen to me for tax advice.
This information may be wrong.
Speak with professionals.
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Send me a DM if you want
- My UK accountant.
- HK setup company I used
- UAE setup company I used