Crypto immigration (I guess I"m the first Asian here)

[Nomadguk]

Hey folks.
This is my first time posting here, and I just hope I"m posting on the right forum.

Here's a bit of the background story.
I'm from South Korea.
But this country is turning into a fucking joke.
They want to regulate everything, At this point, I don't even know what's the difference between South and North anymore.
They are currently implementing all the payment systems, which most of the systems are owned by Chinese company.
Also, the taxlaw itself is vague AF, it's all depends on the interpretation of the law of the taxman.
So, there are multiple cases of people puking up fuckton of tax after living decades abroad.
I was lucky enough to work abroad for years, but if I ever try to bring back this money back to Korea, it all becomes somehow illegal
Like I paid taxes in Malaysia, Indonesia, Netherlands, Germany,... but if the taxman doesn't accept the evidence, everything will be charged under "underreported income"
Of curse, this can be avoided if I hire some ex-taxman attorney, pay then 100k USD Worth of payment, but then they are gonna torture my family by summoning them and give "Audit" to them. Now, since I got 5 members in my family, It'd cost me a half of a million USD just to hire those people to protect them. WTF


So yeah, I need to move to another country that comes with Permenant residence, Then citizenship asap with crypto.
And hopefully cash it out without having Proof of Funds. (Like I bought my crypto from CEX mainly, through P2P and bank deposits, but the moment I'd ask them for the 10 years of banking transaction, it'd raise red flags to Korean gov)
I have been going through all the posts here, but I'm not sure how up-to-date those informations are.
I don't mind moving to Panama,ARgentina, or anywhere.
My South Korean nationality gets canceled at the moment I get the second citizenship,
So it cannot be that the Nauru, or Vanuatu, Or Saint kits... ETCETC, as I still need a decent passport to travel.

Thank god, the crypto tax is examined til 2027, so I'm thinking about within 2026, I'd move to anywhere with the gains from this bull run.
Initially I wanted to move to Dubai, then move to Thailand or elsewhere, but then I heard it's kinda impossible to move money from Dubai to elsewhere, and they don't give out PR or Citizenship.

How about Panama? How about elsewhere?I heard that Turkey is currently giving thorough Proof of Fund check for all that.
Now, I'm looking for your wisdom. Cheers folks.

 

[daniels27]

Long story short. You want to move elsewhere and acquire a passport. You also state that Nauru etc. does not fit the bill. But then what would fit the bill? Would EU residency with Korean passport work?

 

[NewHorizonsParaguay]

Paraguay. There is relatively big Korean community here as well.

 

[alley]

You are not the first Asian on OCT, there are many around here

How to immigrate to Malta or Cyprus ?

 

[Nomadguk]

Long story short. You want to move elsewhere and acquire a passport. You also state that Nauru etc. does not fit the bill. But then what would fit the bill? Would EU residency with Korean passport work?

I hope I"m writing this in the correct way, (This is my first-ever reply!)
Yeah, like my parents are still gonna be staying in Korea, so I guess I need osmething that I can visit Korea at any time, While something that's not gonna make them to raise an eyebrow (or two!)

EU residency with Korean passport might work, (I also lived in Europe for some years already),
I don't know. There was this president of a guy being judged as "residence" after 23 years of living abroad, and the reason was "Because he was helping out with living costs to his mother, and his mother has been alive and residing in South Korea for those 23 years".
I mean, I hate KR now, but I don't wanna murder my parents just because I don't want to be a tax resident here.
So in the long run, maybe the one that I can apply for the citizenship?

I was looking into Panama, Argentina... ETC ETC
I pick up languages pretty fast, so I guess I can start downloading Duolingo first...haha

I'm just not sure on how to deal with Crypto without having extensive source of funds check.
Not that my funds are from any illegal thingie, it's just so fucking complicated to provide it.
Like when I was living in Vietnam, I worked for this company in Burma. And got paid in Dollars.
At that time, VN didn't have enough tax system to trace anything, so they didn't charge for the foreign earned income.
the guy who paid me? He got publicly executed during the communist rebellion in Myanmar.
(He was just a landlord with a huge a*s banana farm, so yeah the biggest enemy of the local communist...) may he rest in peace.
Like how can I prove for that....? I bet some voodoo evidence won't work.
and I got tons of stories like that...
Like my working visa in that country did belong to my ex-girlfriend who registered me as a "spouse", and I need that ID number to trace down my tax payment statement,,, and I cannot reach out to her haha.

And now, with what's going on in KR, (Venezuela lookalike welfare policies), and government got enough power to abuse... ETC ETC, It's kinda obvious I'd be judged as a tax resident because my parents are alive in Korea. (That's what recent presidents say...)

so yeah, the country that can give me PR soon, and in the end, decent passport can come out.
that's what I want

So yeah,
IN short, Panama? Malta? Northern Cyprus? Paraguay? Mexico?
Anywhere, just good enough to not to raise any eyebrow,
IT's just that My limited ability with google and just too many advertisement on the websites.
(Also easy to cash out crypto)

Hope my story somehow entertained you.
Cheers mate.

 

[Nomadguk]

Paraguay. There is relatively big Korean community here as well.

It came across my mind too. But there's just too little info.
Like how long does it take to get the Permenant residence?
Like then citizenship?
What's the living costs?

I need some specific high blood pressure pills and cholesterol, levothyroxine,
is it easy to get it there?
and How many days in year do I need to say there?
Are chicks hot? (This is a joke)

And can I just enter South Korea with that Passport?

Because I spent years in other South East Asia, I wish it kinda comes with my Infinite travel right to the SEA too....
There's just too many things I want to look into, yet there is too little info available.
Do you have any company website or so? Cheers.

 

[Nomadguk]

You are not the first Asian on OCT, there are many around here

How to immigrate to Malta or Cyprus ?

Funny enough, Yeah I had to write some hook punchline to make you guys to type it in here.

I don't mind! Though, I read it that Malta is looking it up, and Cyprus... Idk North or Just normal?

 

[daniels27]

If you can pick up languages easily and have a solid education in Korea, there should be many doors open even in Europe. Without education, things are a bit more difficult, but there is still a lot that can be done in South America and Africa etc. Even the US and Canada could work.

I think the main question is what you actually want.

• 5 years in Germany, Belgium, etc. and then a solid EU passport?
• 3 years in South America and then a passport there?

My recommendation and if you don't know, is just get a couple of residencies first and decide later. I would not necessarily recommend Paraguay as their passport cannot be combined with any other one really. Hence, better go to some neighbouring countries.

 

[TheCryptoAnt]

Now, I'm looking for your wisdom. Cheers folks.

Come to Thailand, keep the crypto outside (foreign exchange, rather personal acc or corporate) and cash our to an external account (tax free).

Seems like they are working to modify the law so that foreign earned income can be brought to Thailand tax free in the same year but its all words for now, nothing settled.

Go to KR a few times a year to visit mom but always short term and come back to Thailand.

yw

 

[CyprusLawyer101]

Hey,
It seems that Cyprus could be a fit for you. At least getting permanent residence permit here for you and your family and a second home to live. Crypto can be converted here and is selectively acceptable for real estate transactions. The citizenship route also opens up with this route. if you would be interested to find more, I can DM you and potentially go on a call to brief you on everything about this option. Kindly let me know.

 

[NewHorizonsParaguay]

It came across my mind too. But there's just too little info.
Like how long does it take to get the Permenant residence?
Like then citizenship?
What's the living costs?

I need some specific high blood pressure pills and cholesterol, levothyroxine,
is it easy to get it there?
and How many days in year do I need to say there?
Are chicks hot? (This is a joke)

And can I just enter South Korea with that Passport?

Because I spent years in other South East Asia, I wish it kinda comes with my Infinite travel right to the SEA too....
There's just too many things I want to look into, yet there is too little info available.
Do you have any company website or so? Cheers.

The standard is to apply for permanent residency two years after temporary residency. You can get it automatically through the investor program (70k+ investment).

Citizenship depends. The standard is 3 years after permanent residency, but there are ways to do it much sooner.

Living costs: very cheap, compared to South Korea, you can expect to save like 60-70%

Medicine: no problem

Stay requirements: 0, only visit once every three years

Women are hot

You can visit South Korea on your PY passport through an electronic visa, no problem.

 

[Nomadguk]

If you can pick up languages easily and have a solid education in Korea, there should be many doors open even in Europe. Without education, things are a bit more difficult, but there is still a lot that can be done in South America and Africa etc. Even the US and Canada could work.

I think the main question is what you actually want.

• 5 years in Germany, Belgium, etc. and then a solid EU passport?
• 3 years in South America and then a passport there?

My recommendation and if you don't know, is just get a couple of residencies first and decide later. I would not necessarily recommend Paraguay as their passport cannot be combined with any other one really. Hence, better go to some neighbouring countries.

Yeah... I went to Uni in Europe. I lived in Germany for a year before, and Netherlands...
But isn't the trend like everyone who deals crypto leaving there?

I am 95% crypto... So I don't think Germany and Belgium... other those Fancy Europe isn't what that would be ideal...

I was thinking about 3 years in South America would work too.
I mean, if I get the second passport, I'm automatically not South Korean anymore.
I'd be "DISQUALIFIED" To be Korean then lol.

 

[Nomadguk]

Come to Thailand, keep the crypto outside (foreign exchange, rather personal acc or corporate) and cash our to an external account (tax free).

Seems like they are working to modify the law so that foreign earned income can be brought to Thailand tax free in the same year but its all words for now, nothing settled.

Go to KR a few times a year to visit mom but always short term and come back to Thailand.

yw

See, that's what I read yesterday...
But then to get the visa is hectic...
And knowing how tings are in SEA. I thought I gotta wait for a bit to figure out on what and what?

But let's see
South Korea is a bit cunt about deciding "tax residency"
One guy was considered as a tax residency in South Korea (even though he lived abroad for 27 years) but the Supreme Court ruled that He has been still South Korean Resident because his parents were alive. Then they fined him for all the unreported income of 27 years with interests...
With all the empty welfare they are currently giving out, I think it'd be worse...
So yeah, that's why I am also putting a new nationality into my calculation

 

[Nomadguk]

Hey,
It seems that Cyprus could be a fit for you. At least getting permanent residence permit here for you and your family and a second home to live. Crypto can be converted here and is selectively acceptable for real estate transactions. The citizenship route also opens up with this route. if you would be interested to find more, I can DM you and potentially go on a call to brief you on everything about this option. Kindly let me know.

My question would be,
Is it relatively easy to pull out money after that?

Because, I know Dubai is like that too, but then you can't really get the money out after you sell your house. They'd ask for "Where did you get this money from? or where did you get the money from?" ya know.

And what's the threshold for the money?

 

[TheCryptoAnt]

See, that's what I read yesterday...
But then to get the visa is hectic...

Not at all, its all done online and you can counterfeit most docs tbh.

But let's see
South Korea is a bit cunt about deciding "tax residency"
One guy was considered as a tax residency in South Korea (even though he lived abroad for 27 years) but the Supreme Court ruled that He has been still South Korean Resident because his parents were alive. Then they fined him for all the unreported income of 27 years with interests...
With all the empty welfare they are currently giving out, I think it'd be worse...
So yeah, that's why I am also putting a new nationality into my calculation

Paying taxes us an entirely personal choice.
If you want to pay, you pay. If you dont want to pay, then you dont.

Come to TH, stuck your crypto into a company, and dont ever make any money personally.
There you have it, you never made any money and thus theres no tax owed.

 

[daniels27]

Citizenship depends. The standard is 3 years after permanent residency, but there are ways to do it much sooner.

Like how fast and for how much?

I am 95% crypto... So I don't think Germany and Belgium... other those Fancy Europe isn't what that would be ideal...

Why? You can off-ramp anywhere or keep it coins.

 

[Nomadguk]

The standard is to apply for permanent residency two years after temporary residency. You can get it automatically through the investor program (70k+ investment).

Citizenship depends. The standard is 3 years after permanent residency, but there are ways to do it much sooner.

Living costs: very cheap, compared to South Korea, you can expect to save like 60-70%

Medicine: no problem

Stay requirements: 0, only visit once every three years

Women are hot

You can visit South Korea on your PY passport through an electronic visa, no problem.

I'll definitely look into Paraguay too!

Wait... so 2 years of Temporary residency,
then 3 more years of Permenant residency...
Then does citizenship status matters on the amount of time staying there?
Cheers mate! Looking to hear more from you

What are the ways to make it sooner?

(Also, thanks for picking up my jokes on women being hot) hahaha

 

[Nomadguk]

Not at all, its all done online and you can counterfeit most docs tbh.



Paying taxes us an entirely personal choice.
If you want to pay, you pay. If you dont want to pay, then you dont.

Come to TH, stuck your crypto into a company, and dont ever make any money personally.
There you have it, you never made any money and thus theres no tax owed.

Isn't counterfeiting most docs cost too much effort,
and my effort it's not just me sweating, it's just causing too much trouble?
IDk, am I too naive? haha



I don't mind paying taxes I don't.
FOr me, I'm more likely to on the runaway side of SouthKorean gov abusing their powers.
And personally, them going after my family is my number 1 trauma.