Hi,
I dont know if its true, i heard that Offshore trading account arent taxable in DR. How does it work?
Actually, i live in Canada and i have a trading account with an american firm for proprietary trading, but its not a compagny. Of course, i pay taxes on capital gain here in Canada, because of a treaty between Canada and the US.
If i move to the DR and become a resident, own a house but dont have the citizenship, will i pay taxes on my capital gain made in my account in the US? That means that my money would stay in an american bank. I heard also that in Thailand if you have such an account you dont pay taxes as long as you dont import the money into a thai bank account. Is it the same in DR? What if i pay by interact or credit card or if i stay less than 6 months in the country?
Frank
thank you
I dont know if its true, i heard that Offshore trading account arent taxable in DR. How does it work?
Actually, i live in Canada and i have a trading account with an american firm for proprietary trading, but its not a compagny. Of course, i pay taxes on capital gain here in Canada, because of a treaty between Canada and the US.
If i move to the DR and become a resident, own a house but dont have the citizenship, will i pay taxes on my capital gain made in my account in the US? That means that my money would stay in an american bank. I heard also that in Thailand if you have such an account you dont pay taxes as long as you dont import the money into a thai bank account. Is it the same in DR? What if i pay by interact or credit card or if i stay less than 6 months in the country?
Frank
thank you