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Living in France >>>>>>>>>> living in Russia. What's he going to do when he realizes that there aren't croissant bakeries on every corner? What's he going to do when he realizes that there's no such think as the Russian Riviera? How's that first -50 degree winter going to be?
The Russian Riviera is on the Black Sea. It's warm and has beaches, looks to be a charming place actually.
But the point, made by the poster below, is that he doesn't actually need to live in Russia.
No he cant. He needs to live the majority of the time in Russia. If he for example lives the majority of his time in Denmark, Belgium, France or whatever. He will be taxed arcodring to local tax laws.
Its all about location, location and location.
You are partially correct. But, no, he doesn't need to live the majority of time in Russia.
I'm a tax CPA and worked many years in international taxation. I did residence/tax planning for wealthy clients.
What he must do is NOT spend the majority of his time in any one country that is not Russia. I.e., if he spends more than 1/2 half the year in some other country they will claim he is a resident and subject to tax.
So, he can live in France for a few months, in Belgium for a few, hang down in the Caribbean for some, stay in the USA for a while, be at his villa in the Swiss Alps or sail around on his yacht etc. He will effectively have NO residence anywhere but can claim Russia by virtue of his citizenship.
Many of the very wealthy like him are hardly in any country for more than 6 months anyway if they don't have young children attending school (and those that do can park them in a foreign boarding school anyway).
Fern