Emigration for a trader

Nowadays, a trader's work isn't tied to their place of residence, as the internet makes it possible to trade anywhere in the world.

All you need to open trades is a laptop or phone with a trading platform installed and an internet connection.

So, if you're not tied to your home country and want to find a more comfortable place to live, all doors are open.

At least, that's how it seems at first glance, but when you start putting your plans into practice, it turns out things aren't so simple.

And finding a country for a better life isn't just about having money; you need to have a lot of it or meet a number of conditions.

In theory, it seems like you get a visa, come to the country you like, and live, but in practice, it turns out that a visa only allows you to live like this for a few months.

So how can a trader immigrate?

Currently, there aren't many opportunities for immigration to a more or less decent country—jobs, emigration for wealthy citizens, and emigration as an investor.

Emigration for work is the easiest option for those coming to work, but if you're already making a steady income on the stock exchange, why bother going to work?

At the same time, trading is not a basis for obtaining a residence permit, you need to receive a monthly salary from a company located in the country of immigration.

In practice, there are two options for solving this problem - your own company or business incubators.

• By registering your company, you hire yourself as a director and then pay yourself a salary, based on this you first receive a business visa, and then a residence permit.

Not quite a simple and quite expensive option, the cost of opening a company, depending on the country, can vary from 100 to 10,000 dollars. And monthly expenses will amount to from 500 dollars to several thousand.

But this way you can go to almost any country.

• Business incubators - you enter into a contract with a business incubator and then your money from trading is transferred to the account of this company as a fee for financial services or with another wording.

Taxes and a Business Incubator commission are charged from the received amount. Typically, the size of such a commission is from 100 dollars.

A simpler option, but unfortunately, such companies do not exist in all countries.

Immigration for wealthy citizens – in some countries, there is an option where you need to deposit a certain amount into an account or purchase real estate to obtain a residence permit.

Typically, this amount ranges from €200,000 or more, but more attractive offers exist. For example, in Austria, a deposit of €85,000 is sufficient.

Unfortunately, such programs are not available in all countries, and obtaining a residence permit often requires language proficiency at level A1.

Investor immigration is an option for wealthy traders; to obtain a residence permit, one must purchase real estate worth at least €250,000 or invest at least €1 million.

Depending on the country, the amounts can be significantly higher.

Perhaps one of the simplest options is if you have 250,000 euros available, minimal paperwork, and no language skills required.

When choosing a country, don't forget about taxation, as tax rates can vary significantly across countries.

Personally, I'd recommend Austria, as 85,000 euros is enough to obtain a residence permit, you need to have at least A1 level German, and you'll fit into the quota of your chosen federal state.