It all boils down to a simple choice - without a EU resident ID, I face the risk of having my accounts frozen any time. I managed to convince Wise a year ago not to close my personal and business accounts, but I'm always bracing for that email. Not to mention Interactive Brokers, Binance, and others that could freeze my funds any day. Even Dubai is not safe, search for "NBD, has decided to block investment accounts from Russians"
I've tried to get an ID in Cyprus, where I'm actually a tax resident, but it's become an uphill battle. A visitors visa doesn't cut it, the ID card takes a whopping 10 months. No quotas for nomad visas this year. A working visa demands paying social security and income tax on a salary of 2.5kEUR.
I've heard Bulgaria might be a viable option. But here's the catch - I don't want to settle down in a country. I want to spend a few months a year in Cyprus and roam around the globe for the rest.
So, fellow freemen, what are my options?
Move to Asia (thailand) and open a bank account. you'll have no issues.
Europe is no longer a place for Russian's without European citizenship to reside.
Asia is full of both Russian's and Ukrainian's.
wellington said:Move to Asia (thailand) and open a bank account. you'll have no issues.
I've heard good things about Thailand but I am not sure I will trust it with 6 or 7 figures. But maybe investing it Thai property is a good option for Russian nowadays.
Anyway first I want to explore EU. I have a Cyprus company that pays me dividends.
5K1PP3R said:It all boils down to a simple choice - without a EU resident ID, I face the risk of having my accounts frozen any time. I managed to convince Wise a year ago not to close my personal and business accounts, but I'm always bracing for that email. Not to mention Interactive Brokers, Binance, and others that could freeze my funds any day. Even Dubai is not safe, search for "NBD, has decided to block investment accounts from Russians"
I've tried to get an ID in Cyprus, where I'm actually a tax resident, but it's become an uphill battle. A visitors visa doesn't cut it, the ID card takes a whopping 10 months. No quotas for nomad visas this year. A working visa demands paying social security and income tax on a salary of 2.5kEUR.
I've heard Bulgaria might be a viable option. But here's the catch - I don't want to settle down in a country. I want to spend a few months a year in Cyprus and roam around the globe for the rest.
So, fellow freemen, what are my options?
Hungary
TheCryptoAnt said:Hungary
what kind of residency?
5K1PP3R said:I've heard good things about Thailand but I am not sure I will trust it with 6 or 7 figures. But maybe investing it Thai property is a good option for Russian nowadays.
Anyway first I want to explore EU. I have a Cyprus company that pays me dividends.
Russian's are buying properties everywhere in Thailand, it's pushed up the prices for rentals significantly to the point a lot of longterm Europeans have since been pushed out (moving from the likes of Phuket to Hua Hin etc)
5K1PP3R said:what kind of residency?
https://www.huriyaprivate.com/blog/...residential,company established in your name.
not bad for the price tag, and you get to roam around Hungarian bishes too
TheCryptoAnt said:https://www.huriyaprivate.com/blog/...residential,company established in your name.
not bad for the price tag, and you get to roam around Hungarian bishes too
The residency scheme also involves a programme fee of EUR 65,000, in addition to the other business and investment expenses.
yikes
wellington said:Russian's are buying properties everywhere in Thailand, it's pushed up the prices for rentals significantly to the point a lot of longterm Europeans have since been pushed out (moving from the likes of Phuket to Hua Hin etc)
Interesting. Do you think it's wise? If Russian tactical nukes fly, will Thai still resist the sanctions? Why Thailand specifically?
Low budget - move to Spain (Canary Islands are probably safer than mainland since they are packed with tourists all the time), rent an apartment there, get the utility bills in your name, and you are eligible to a Residence Permit by work in 3 years (unless they cancel the program for integrating illegal immigrants, which is unlikely - it's been there for a long time).
High budget - marry a EU citizen or a Permanent Residence Permit holder and divorce after 3 years.
meze99 said:Low budget - move to Spain (Canary Islands are probably safer than mainland since they are packed with tourists all the time), rent an apartment there, get the utility bills in your name, and you are eligible to a Residence Permit by work in 3 years (unless they cancel the program for integrating illegal immigrants, which is unlikely - it's been there for a long time).
"in 3 years" - I need it NOW and as I said I don't plan to live in the same place, especially Canaries
meze99 said:High budget - marry a EU citizen or a Permanent Residence Permit holder and divorce after 3 years.
I am actually married to an Estonian citizen. But if I get a residency in Estonia, I need to live there and the fckers will come and check the apartment where we are supposed to live. She is my ex wife, I can ask favors but we can't live together.
5K1PP3R said:yikes
Interesting. Do you think it's wise? If Russian tactical nukes fly, will Thai still resist the sanctions? Why Thailand specifically?
Up until the election i'd have said (with insider knowledge) that Thailand was firmly sitting in the middle with an ear towards China.
The recent elections though had a pro American (funded) democratic youthful collective elected, which are firmly "rules based" which strengthens to the US ring around China.
.... So... anyones guess, but locally, Russian money has been flooding in... will be able to say whether there's any difference in about 6 months time.
If she is your ex-wife then you are not married anymore. If you are still legally married, and for a long time why would they come to see you there in Estonia? They usually suspect people who are just got married and immediately move to EU.
I think a US LLC with an address in Cyprus will be your best option. Mercury bank should accept you with a few utility bills from Cyprus and Wise bank statements. Then open an Interactive Brokers account for a US LLC.
wellington said:Up until the election i'd have said (with insider knowledge) that Thailand was firmly sitting in the middle with an ear towards China.
The recent elections though had a pro American (funded) democratic youthful collective elected, which are firmly "rules based" which strengthens to the US ring around China.
.... So... anyones guess, but locally, Russian money has been flooding in... will be able to say whether there's any difference in about 6 months time.
2023 Thai general election
The Election Commission completed counting all ballots and announced the results on 15 May, with the Move Forward Party, led by Pita Limjaroenrat, winning the most seats.
Pita attended the Bangkok Christian College before being sent to Hamilton, New Zealand, by his father at the age of 11.[5]
He later on received an international student scholarship from Harvard University, becoming the first Thai student to do so.[7][8][9] He completed a joint Master of Public Policy degree in the John F. Kennedy School of Government of Harvard University and a Master of Business Administration degree in the Sloan School of Management of Massachusetts Institute of Technology.[4]
Yep not looking good rus bros.
But:
The post of Prime Minister is currently held by retired general Prayut Chan-o-cha, since the 2014 coup d'état.
5K1PP3R said:It all boils down to a simple choice - without a EU resident ID, I face the risk of having my accounts frozen any time. I managed to convince Wise a year ago not to close my personal and business accounts, but I'm always bracing for that email. Not to mention Interactive Brokers, Binance, and others that could freeze my funds any day. Even Dubai is not safe, search for "NBD, has decided to block investment accounts from Russians"
I've tried to get an ID in Cyprus, where I'm actually a tax resident, but it's become an uphill battle. A visitors visa doesn't cut it, the ID card takes a whopping 10 months. No quotas for nomad visas this year. A working visa demands paying social security and income tax on a salary of 2.5kEUR.
I've heard Bulgaria might be a viable option. But here's the catch - I don't want to settle down in a country. I want to spend a few months a year in Cyprus and roam around the globe for the rest.
So, fellow freemen, what are my options?
Only 3 options:
Investment (Limited options)
Work permit
Marriage
Price 30k-2 million EUR depending on method and connections.
5K1PP3R said:It all boils down to a simple choice - without a EU resident ID, I face the risk of having my accounts frozen any time. I managed to convince Wise a year ago not to close my personal and business accounts, but I'm always bracing for that email. Not to mention Interactive Brokers, Binance, and others that could freeze my funds any day. Even Dubai is not safe, search for "NBD, has decided to block investment accounts from Russians"
I've tried to get an ID in Cyprus, where I'm actually a tax resident, but it's become an uphill battle. A visitors visa doesn't cut it, the ID card takes a whopping 10 months. No quotas for nomad visas this year. A working visa demands paying social security and income tax on a salary of 2.5kEUR.
I've heard Bulgaria might be a viable option. But here's the catch - I don't want to settle down in a country. I want to spend a few months a year in Cyprus and roam around the globe for the rest.
So, fellow freemen, what are my options?
Bulgaria doesn't have a stay requirement in order to become a tax resident there. You can spend less time there than in Cyprus and still remain a tax resident in Bulgaria. I have a friend who "resides" in Sofia. He just drops by whenever he needs a visa or has to fill in some papers. The rest of the year he travels around.
From this linkedin article, but you can find plenty of more. How to become a tax resident in Bulgaria?
"There are two ways you can claim Bulgarian tax residence if 1. You reside in Bulgaria 183 days annually or 2. You prove that the center of your vital interests is in Bulgaria."
thedirtyteller said:Bulgaria doesn't have a stay requirement in order to become a tax resident there. You can spend less time there than in Cyprus and still remain a tax resident in Bulgaria. I have a friend who "resides" in Sofia. He just drops by whenever he needs a visa or has to fill in some papers. The rest of the year he travels around.
From this linkedin article, but you can find plenty of more. How to become a tax resident in Bulgaria?
"There are two ways you can claim Bulgarian tax residence if 1. You reside in Bulgaria 183 days annually or 2. You prove that the center of your vital interests is in Bulgaria."
I want to keep my Cyprus tax residency but get a European ID somewhere, some Nomad or Visitor visa or similar
He needs a residence permit (id card), he is afraid that a Bulgarian/Cyprus utility bill won't be accepted as proof of residence by an EMI/bank. He is probably right.
By the way, nobody suggested a student residence permit. It may work, there are cheap language courses for a whole year. For a couple of years it may be ok (google study English in Cyprus)
thedirtyteller said:Bulgaria doesn't have a stay requirement in order to become a tax resident there. You can spend less time there than in Cyprus and still remain a tax resident in Bulgaria. I have a friend who "resides" in Sofia. He just drops by whenever he needs a visa or has to fill in some papers. The rest of the year he travels around.
From this linkedin article, but you can find plenty of more. How to become a tax resident in Bulgaria?
"There are two ways you can claim Bulgarian tax residence if 1. You reside in Bulgaria 183 days annually or 2. You prove that the center of your vital interests is in Bulgaria."
He still needs to be permitted to live in EU.
meze99 said:He needs a residence permit (id card), he is afraid that a Bulgarian/Cyprus utility bill won't be accepted as proof of residence by an EMI/bank. He is probably right.
By the way, nobody suggested a student residence permit. It may work, there are cheap language courses for a whole year. For a couple of years it may be ok (google study English in Cyprus)
People are paying at least 20 KEUR+ for temporary EU residences. Not easy to obtain for non EU citizens.
If you post this inside the mentor group I would be allowed to suggest you a simple way to solve your problem
JohnnyDoe said:If you post this inside the mentor group I would be allowed to suggest you a simple way to solve your problem
mods be working overtime these days
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True power moves in silence.
