Interesting thread!

Has there been any decisions?

Boomer34 

Interesting thread! Has there been any decisions?

If this is directed at me, then yes. Everything is done for the most part.

Mike

This would be a nice thread to revive. I'm a US citizen contemplating renouncing at some point in the future. I also think it's a travesty you get taxed as a US citizen regardless where you earn it. I would like to live somewhere more free than this country and still be able to trade. Citizenship by Investment programs look nice but all the Caribbean products don't have access to a visa-free passport back to the US, just in case I wanted to come back. I guess if I'm successful enough at trading I can just pay to fly anyone I want to visit to wherever I'm at. Lol. I guess if you wanted Caribbean CBI along with access to visa-free travel back to the states you'd have to get another passport from somewhere else? Sovereign Man suggests Panama, Argentina, Chile, or Belgium. They don't take that long to get. A matter of months. The only visa-free passport in the CBI programs is Malta, and it's far more expensive than the others.

Would be awesome if Mike could find a pro at this willing to do a webinar....

sgjohnson 

This would be a nice thread to revive. I'm a US citizen contemplating renouncing at some point in the future. I also think it's a travesty you get taxed as a US citizen regardless where you earn it. I would like to live somewhere more free than this country and still be able to trade. Citizenship by Investment programs look nice but all the Caribbean products don't have access to a visa-free passport back to the US, just in case I wanted to come back. I guess if I'm successful enough at trading I can just pay to fly anyone I want to visit to wherever I'm at. Lol. I guess if you wanted Caribbean CBI along with access to visa-free travel back to the states you'd have to get another passport from somewhere else? Sovereign Man suggests Panama, Argentina, Chile, or Belgium. They don't take that long to get. A matter of months. The only visa-free passport in the CBI programs is Malta, and it's far more expensive than the others. Would be awesome if Mike could find a pro at this willing to do a webinar....

Take a look at the Puerto Rico Act 22. You don't lose your citizenship, earnings are tax free as long as you follow certain requirements, and best of all no US income taxes since Puerto Rico is considered an American territory.

fesx 

Take a look at the Puerto Rico Act 22. You don't lose your citizenship, earnings are tax free as long as you follow certain requirements, and best of all no US income taxes since Puerto Rico is considered an American territory.

That's funny. I found this shortly after posting: https://nomadcapitalist.com/finance/legal-tax-reduction/puerto-rico-act-20-and-22-actionable-guide-and-alternatives/

A number of drawbacks, but not a bad jumping off point for a neighboring CBI program. I do agree their independence is in jeopardy now that Democrats are in control and have been discussing approving their statehood. Now they can get bailed out just like every other blue state. And I'm guessing there could be hidden tax burden they simply shifted elsewhere. One requirement is a home purchase, and from what I can find their property taxes are higher than say Puerto Vallarta, Mexico.

A little confused though from just this one article exactly when Act 22 status kicks in in regards to taxation. Is it only after your status is approved or when you become a resident and move into a home?

Found this thread: https://www.elitetrader.com/et/threads/trading-from-puerto-rico.283354/

"Rival" forum? Hope that's cool. Lol.