European investors/traders living in the Philippines โ looking for advice ๐ต๐ญ
Hi everyone! I'm from Slovakia in Europe, and I spend about 7 months a year in the Philippines. I'm looking into ending my European tax residency and becoming a Philippine tax resident.
I invest in US-listed stocks through Revolut and also trade actively. I'd like to know how capital gains (profits from stock trading) are taxed in the Philippines, and whether 0% tax on my trading profits would be possible in my situation.
I'd like to get in touch with people who have actually done something similar:
- Are you originally from Europe and changed your tax residency to the Philippines?
- Was it difficult to establish Philippine tax residency?
- Do you invest in stocks or trade actively? How are your capital gains taxed?
- Is it possible to legally pay 0% tax on profits from trading US-listed stocks?
- Are there any complications with your residency status, tax registration, or tax filing?
I'm especially looking to hear from people with firsthand experience rather than general advice.
If you're doing this yourself and can share your experience or have a quick chat, I'd really appreciate it! Please leave a comment below or send me a private message. Thank you! ๐
I'm not from Europe. I don't know the situation in Slovakia, but usually you have to cut all your main ties with your home country (sell your house, not have family still living there, etc.). Capital gains on foreign income/stock trading are taxed at 0% in the Philippines (quite a few other countries do this too, so look into it, but the Philippines is the cheapest of them). What matters for establishing tax residency is how your own country (Slovakia) sees it, more than how the Philippines sees it. For example, the Philippines may technically consider you a tax resident, but that doesn't mean Slovakia automatically stops treating you as a resident. Slovakia may or may not accept an extended tourist visa as sufficient proof. You might need an official permanent visa (like the SRRV) to really prove to the Slovak tax authorities that the Philippines is now your new permanent residence. Seriously, don't listen to anyone here, me included. And don't contact "international expat tax specialists" or wealth management firms either. They're overhyped, charge a lot of money for limited advice, and take no responsibility. Overall it's a waste of time. !!!You need to consult an experienced tax advisor in your own country about this!!! If the answer isn't completely satisfying, keep looking for someone else until it is. That's the only way. Good luck.
Income earned outside the Philippines is taxed at 0%.
Don't broadcast that you have money, and don't tell anyone how much you have. Facebook is full of scammers of every kind.
Are you trying to get a special investor visa? Apart from a few narrow exceptions, permanent residency only comes from marrying a Filipino.
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