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

submitted 11 months ago by shootwhatsmyname@lemm.ee to c/asklemmy@lemmy.ml

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[–] speaker_hat@lemmy.one 5 points 11 months ago (1 children)

I'm curious where'd you moved

[–] viking@infosec.pub 1 points 11 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 11 months ago

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