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Epiktetos
8 months ago

Even if a bank in the Emirates would open an account to you, this will not unleash you from tax liability in Germany. The Emirates have been part of the CRS since 2018, sharing financial information to foreign citizens directly with the relevant financial authorities abroad. Say: If you open a bank account in the Emirates and receive cash inflows there, the tax office in Germany knows.

In order to avoid the unrestricted tax liability in Germany, you have to reside and Enter your usual stay in Germany, not only open a bank account abroad.

Before you think about any tax optimizations, you should first see enough money to make sense of such optimizations. If you earn a few hundred, a thousand or even a few tens of thousands of euros a year, it is far more sensible to continue paying taxes in Germany than to try to shift the business and tax liability abroad.

malteabc
8 months ago

No, only an account opening is not enough.

2strabag
8 months ago

§ 1 EStG should you read.

It doesn’t help opening a bank account anywhere in the world.

The income would also continue to be taxable in D.

https://www.gesetze-im-internet.de/estg/_1.html

christl10
8 months ago

This does not change your tax liability in Germany.