💪🏻 ✈️ ➡️ Become a client now https://tinyurl.com/ywftz8ez "Where do you pay your taxes?" You hear this question a lot nowadays. Banks, brokers and internet platforms such as AirBnB are all interested in where you are liable to pay tax. The reason for the banks' interest in your tax residence is the Common Reporting Standard (CRS), i.e. the automatic exchange of information, which was activated by the OECD around 5 years ago. CRS turns your bank abroad into a branch of your tax office. So far, around 110 countries - including most tax havens and offshore financial centers - have signed up to the CRS, and most of them are already exchanging data, including countries such as the Bahamas, the Cayman Islands, Cyprus, Hong Kong, Singapore, Monaco, Liechtenstein, Panama, Switzerland, Thailand, Vanuatu and the UAE. In this video, we'll take a look at how to open an account in one of the countries that don't currently exchange information. And it's completely legal as long as you comply with your tax declaration obligations. 00:00 - Where do you pay your taxes? 00:57 - How does the CRS work? 01:53 - How do I still get an account? 03:28 - How to avoid CRS legally 04:23 - Diversifying your finances legally 05:11 - CRS countries: status today 06:15 - The non-CRS countries 06:50 - Country 1 - Armenia 07:20 - Country 2 - Botswana 08:18 - Country 3 - Dominican Republic 08:52 - Country 4 - Georgia 09:37 - Country 5 - Guatemala 10:19 - Country 6 - Cambodia 10:57 - Country 7 - North Macedonia 11:32 - Country 8 - Philippines 12:17 - Country 9 - USA 13:54 - De facto non-CRS countries 15:15 - Follow the law! 15:59 - Want to diversify your finances? = Further information = https://www.wohnsitzausland.com/fachwissen/oecd-crs-informationsaustausch https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/ = Other YouTube videos = 👉 Account abroad: The bank is a branch of your tax office: https://youtu.be/FCK7MZzYbFI = Our websites = https://www.auslandsunternehmen.com https://www.wohnsitzausland.com https://www.stmatthew.de https://uskanzlei.com/ = About Perspektive Ausland (perspective abroad) = Anyone who wants to move as an entrepreneur or freelancer from German-speaking countries to (tax-efficient) foreign countries or become a digital nomad has a lot of tax and legal questions. Country selection, international tax law, setting up a company abroad, exit tax, visas, capital investments and asset protection – these are just some of the topics that you now have to deal with. Perspektive Ausland (perspective abroad) is a German podcast from London that deals with exactly such questions. No matter what your motivation for moving abroad is – less taxes, more freedom or a higher quality of life – you've come to the right place.
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