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Old 10-29-2006, 03:21 PM  
FuqALot
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Join Date: Dec 2001
Location: Malibu
Posts: 3,817
Quote:
Originally Posted by wedouglas View Post
That doesn't fly if you are a US citizen, especially if you are getting paid by US companies. As a US citizen, you are taxed on global income. I was reading about tax laws in Monaco, but I don't think it was as easy as it seemed. It may be different if you are incorporated there though. I'm sure there are loop holes to help, but I highly doubt you can get away without paying any taxes.
If I knew all about it yet, I would be there already. Right now I'm just trying to learn as much as possible, and get this going next year.

All I know is that I am not getting paid by US companies, and won't be moving to Monaco as a US-citizen. So what you mentioned won't be a problem. As far as I know, all I have to do is to make an initial bank deposit and stay there for 5-6 months a year. Fine with me ;-)
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