Which country forex traders should migrate to have tax-free forex income?

Trading Discussion Trading Lifestyle
1

Well many big traders with big accounts such as 400k, 500k immigrate to tax free countries often to save the capital gain and income tax on forex profits. Forex is a very flexible business which gives you an option to move anywhere in the world and continue your business smoothly. Which countries are tax free with no capital gain and no personal tax. Please share your knowledge and also tell me which country you would like to move to.

A few countries i know which are taxfree are

  1. UAE

  2. Kuwait

  3. Cayman Islands

  4. Qatar

  5. Bahamas

3 Likes
2

Bahamas. Tax free + Vacations. :laughing:

1 Like
3

Middle East is one. Then there’s the Bahamas.

1 Like
4

I see mostly middle east countries, and I have no idea why

5

Spreadbetting in the UK is tax-free.

6

Iran is the best

1 Like
7

On what basis can you say that Iran is the best?

1 Like
8

london and ny Sessions in great times of the day
Tax free
Nice weather

9

In my country there are no taxes for online profit,any sort of online profit,forex or even having and online store. Love this country :laughing:

10

When you make profits in the forex market, taxes are a common thing. One more thing, I don’t think that you will be able to understand the tax system of your area by posting here on the internet. You better get in touch with a CPA who deals with taxes on a daily basis and can help you get what you want to.

11

It’s the Bahamas all the way. My trading would be better for sure.

12

Won’t mind UAE.