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Switzerland

  #31 (permalink)
qwertz2021
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I personally don't trade the options, but a friend of mine that Saxo Bank has a succursale based in Switzerland. The spreads are very high in general but you can trade on fast all assets. I'm not sure, but I think that Swissquote is quite polyvalent and could offer options possibilities.

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  #32 (permalink)
 GFIs1 
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Personally I can recommend Swissquote - used it for different trades already for a long time.
It is as far I know the only swiss bank that has only online clients.

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  #33 (permalink)
qwertz2021
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Fadi View Post
On a side note, and on a wider scope than Switzerland in se; if you are really serious going in that direction, you can research a company type you can form in Luxembourg, called SPF or in French ‘société de gestion de patrimoine familial’

This could be the perfect company for any trader working solely for himself and his family; as you would pay no taxes at all except for an annual participation equal to 0.25% of the total capital; and at the same there are no conditions as to the nationality of the owner, manager, or his/her country of residence.

Maybe I’ve opened a hole can of worms; maybe not ;-)
but just an idea among others for tax reduction…

Hey!

@Fadi had very interesting explanations about the tax system in Luxemburg. Have you seen the recent scandal, the Luxleak though?

Seems that the "sociétés de gestion familiale" will live no longer if Brussels decide to apply some more pressure on Luxemburg?

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  #34 (permalink)
 GFIs1 
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qwertz2021 View Post
Seems that the "sociétés de gestion familiale" will live no longer if Brussels decide to apply some more pressure on Luxemburg?

There will be new "pots" when old ones are about to disappear.
Maybe a shift to other countries or new black holes in the system

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  #35 (permalink)
 
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 Fadi 
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Hehe yes of course I've seen the LuxLeak news last week.
But it has nothing to do with this kind of companies, it is more about negotiating tax rates with government, because today not all companies get the same tax treatment, etc... depends on your negotiating power, and capital size, and so on.

But talking of Bruxelles, there was a different type of companies in the past here in Luxembourg that were allowed even greater liberty for more than 60 years; but then under pressure from EU got replaced in 2007 by this new SPF form, which with all honesty took like 90% of the details from the previous ones, and modified barely few points to make it fit with the new EU rules.

I am really not worried in this regard, they always find a way around it.
And if they do in the first place, it is because those EU rulers themselves, take advantage of such fiscal setups for their own fortune that it would make it impossible for them to vote against it ;-)

Just play the game, along side the big shark... just like trading for us small retail players, get on the side of big market players and ride the wave, right?

Think about it...

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Last Updated on November 9, 2014


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