Asklemmy

43963 readers

1290 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

173

What has been your best financial move in life? (lemm.ee)

submitted 10 months ago by shootwhatsmyname@lemm.ee to c/asklemmy@lemmy.ml

227 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] viking@infosec.pub 1 points 10 months ago (1 children)

All over the world. Germany -> Luxembourg -> Norway -> Liberia -> Tanzania -> Kenya -> Nigeria -> Madagascar -> China; and next month to Malaysia.

Luxembourg was great for starting to build some wealth thanks to the super low taxes, Norway was to improve my career opportunities, and in Africa I really started to make bank since those contracts included living & "hardship" allowances that are untaxed, I invested most of that and also used it to fund an executive MBA.

To China I already came with 15+ years work experience and entered on c-level with a great salary package; and there are no taxes on foreign income here, including foreign capital gains.

Malaysia is a stopover for a few years also for tax purposes, they have no capital gains either and the company I work for is registered in Hong Kong, which in China would be considered onshore and thereby taxable. So in Malaysia I can sell my share package for free after 2 years of residency.

Also much nicer climate and friendlier people than in China.

[–] speaker_hat@lemmy.one -1 points 10 months ago

Thanks for the detailed reply! Definitely an interesting journey, and I glad to hear it's financially good. Good luck.