Hello!
I am a tax resident in Portugal (NHR status), and own a company in a politically unstable country.
Almost all of my funds are in invested in ETFs through the company and via local banks and brokerage firms.
I am looking to move my funds out of there while maximizing my tax savings, two birds with one stone.
I was thinking of the following options:
1.Moving the funds to an EU brokerage account (or invest through a bank account) – won’t save tax, but my funds will hopefully be more secure.
2.Withdraw dividend and invest as a private person – there is a tax treaty between the countries so I’d end up paying 15% in total due to my NHR status. If anybody can share information about capital gains while being an NHR that would be appreciated. That could potentially save a lot in taxes.
3.Establishing a trust or a holdings entity and move the wealth into it, invest through it and withdraw dividends from it. The drawback is that I would assume the politically unstable country would consider it a tax event?
Any other suggestions or recommendation would be greatly appreciated, thank you!
I am a tax resident in Portugal (NHR status), and own a company in a politically unstable country.
Almost all of my funds are in invested in ETFs through the company and via local banks and brokerage firms.
I am looking to move my funds out of there while maximizing my tax savings, two birds with one stone.
I was thinking of the following options:
1.Moving the funds to an EU brokerage account (or invest through a bank account) – won’t save tax, but my funds will hopefully be more secure.
2.Withdraw dividend and invest as a private person – there is a tax treaty between the countries so I’d end up paying 15% in total due to my NHR status. If anybody can share information about capital gains while being an NHR that would be appreciated. That could potentially save a lot in taxes.
3.Establishing a trust or a holdings entity and move the wealth into it, invest through it and withdraw dividends from it. The drawback is that I would assume the politically unstable country would consider it a tax event?
Any other suggestions or recommendation would be greatly appreciated, thank you!
Statistics: Posted by rmedialimited — Tue Sep 03, 2024 9:24 am — Replies 0 — Views 103