Day trading is usually performed by day traders who deal with stock exchange, options, currency exchange and futures. The entire transactions associated with the day trading are closed by the end of trading day.
The four important factors that most of the day traders consider before getting into business are low income tax, visa availability, low cost of living and quality life.
Here is the list of top six countries that favor the day traders:
Thailand- low cost of living, 7% sales tax, no foreign tax and easy to get visa.
Philippines- cheap cost of living, no language barriers and easy to immigrate.
Panama- no additional tax on foreign income, low cost of living and good weather.
Costa Rica- low cost of living and no tax deductions on foreign earned income.
Malaysia- easy immigration, no tax deduction on foreign income and low cost of living.
Spain- over 29% to 49% tax is deducted on overseas income, easy visa access and cheap living cost.