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

[Exness Support]

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

01. UAE

02. Kuwait

03. Cayman Islands

04. Qatar

05. Bahamas

 

[Enivid]

Out of those listed, I would choose either UAE or Bahamas (for proximity to the USA). But I am not ready to immigrate just for the purpose of reducing my taxes.

 

[fxapex]

what type of migration are you talking about, is it right to migrate just for saving taxes in trading.

 

[tobeone]

06. GEORGIA
Almost No income from foreign sources is taxed, including forex.

 

[tobeone]

But in my opinion you should pay taxes if you're profitable.

 

[Rambo35]

Profitable trader should not be worried about trading taxes. I wouldn't be migrated just for that purpose.

 

[davidblack]

I think we should avoid from taxes and we should pay taxes on our earned money through Forex.

 

[Fxpipper]

Isn't Singapore tax free for Fx related earnings? But out of the list provided, would opt for bahamas or cayman islands. But personally would not migrate for saving on tax though I may migrate to other nations if restrictions are placed on retail forex trading as some nations have already done including US.

 

[angle13]

in my country forex is ilegal. we do not pay tax for it. the most my friend trade in forex market than stock market