Hong Kong
Taiwan
VietnamWhy plan before you move?
Many countries tax by tax residence — the US and Canada both tax residents on worldwide income. Once you are a tax resident, overseas income, investments and accounts may need reporting, so review your arrangements before your status takes effect.
What to review
| Item | Questions |
|---|---|
| Income | How salary, dividends, rent and business income are taxed |
| Asset structure | How shares, property and investments are held |
| Foreign account reporting | Some countries require declaring overseas accounts |
| Succession | Whether wills, trusts and family office structures still work |
| Timing | When status takes effect and when you move affect the tax year |
How countries differ
| Country | Feature |
|---|---|
| US, Canada | Tax residents on worldwide income |
| UAE | No personal income tax |
| Panama | Territorial: only locally sourced income |
Tax is an important factor in choosing where to go.
Planning steps
- List all assets and income sources.
- Understand the new country’s tax residence tests.
- Have a tax adviser review everything before investing or applying.
- Plan the timing of your status and move.
GI Group works with partner accountants and tax advisers to plan for the whole family.