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

#41
CyprusLawyer101 said:
Why you say that?
income is from the sale of property and should be acceptable.
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Idk, all my mates who off ramped in Dubai are currently going through that problem.
They bought some fancy house 3-4 years ago with crypto.
Now they sold it with huge profit.
They want to bring the money elsewhere,
The bank keeps on asking them
"Where did you get the money?"
"where did you get the money to buy the house in the first place?"
"Send us the source of funds"
ETC ETC mate.

I guess some AML kicked in?

I mean to cash out crypto, we all gotta figure out how to set up a business and deal stuff from there.
 
#42
Nomadguk said:
It actually does.
South Korea and their tax treaty is off the game.
At least in all the countries I've ever been to,
some SEA countries, developing Eastern Europe, South Korean gov got all the tracing records.
They just block the passport, so the person can't get a new visa or so.
I guess this is what happens if the country doesn't give a f**k about caring locals' life, instead start attracting foreigners.

That's why I thought about Latin America first, because it's kinda off of their radar.
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Yes but only on the Korean side. Not where you live. And also, many banks won't report anything to your citizenship country. Especially real estate for not report.

You can get a Turkish citizenship with a different name and not tell the Korean government and then go bank with that one.
 
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#43
daniels27 said:
Yes but only on the Korean side. Not where you live. And also, many banks won't report anything to your citizenship country. Especially real estate for not report.

You can get a Turkish citizenship with a different name and not tell the Korean government and then go bank with that one.
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Mate thanks for letting me know about that.

Idk, I kinda went through a small audit in South Korea, but then they knew everything about what I did in Vietnam at least.... (CRS was working on that side I guess).
Real estate, it depends. If that country signed some treaty then Korean IRS would know hahaha
Like I said before, This country the IRS law hasn't changed since the military dictatorship period lol.

I was thinking about Turkish one. Though ,recently, the agencies are claiming that the due diligence Turkish Gov is running on Crypto is rather thorough, because of all the Chinese and Russians. And doesn't it cost like 0.5 mil?
 
#45
Nomadguk said:
Mate, so how does it work?
2 years for Temporary residency
2 years for Permenant residency
then 3 years for Citizenship?

Also, what's the fast track and how does this work
and is it easy to offramp crypto there?
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The standard is 2 years for Temporary Residency, then 3 years of Permanent residency, and then you can apply for citizenship. (5years total).

The fast-track would involve two years of temporary and permanent residency, after which you can apply for citizenship (two years total).

The crypto offramp is relatively easy. We help with it quite a lot.
 
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#48
NewHorizonsParaguay said:
The standard is 2 years for Temporary Residency, then 3 years of Permanent residency, and then you can apply for citizenship. (5years total).

The fast-track would involve two years of temporary and permanent residency, after which you can apply for citizenship (two years total).

The crypto offramp is relatively easy. We help with it quite a lot.
Click to expand...
Interesting. Mate, you got me sold for Paraguay.
Must I admit, it's either Paraguay or Panama that I'm interested in.

The fast track, does it inovlve like 200k USD worth of investment in Paraguay or so?
or any requirement?
cheers.
 
#49
TheCryptoAnt said:
yes lol brother this is south east asia like nothing matters here fr



just keep it low imo
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Nah man, I lived in Vietnam, they are trying to follow China too.
Now they try to impose everything electronic, super ID, they about to ban people withdrawing ATM without showing ID or so... IT's fucked up there. LOl

Yeah. Keeping it low is tough haha,
that's why I'm trying to sort out massive way, that doesn't involve Asia first ya know.
Since Korea is already going through too much for all the SEA Atm...
Man, I miss the good old days hahaha

Are you currently in Thailand?
Or do you know someone I can talk to about these?
 
#50
Nomadguk said:
Interesting. Mate, you got me sold for Paraguay.
Must I admit, it's either Paraguay or Panama that I'm interested in.

The fast track, does it inovlve like 200k USD worth of investment in Paraguay or so?
or any requirement?
cheers.
Click to expand...
No, there is no investment requirement.

There is an investor program that would directly get you Permanent residency, but it requires a minimum 70k USD investment in a real business and the creation of a minimum of five full-time jobs for Paraguayans.

//Edit:
Panama could be okay for you as well. From what I know, the residency requirements are a bit stricter in Panama. The plus is the ocean.
Asuncion is much cheaper. Shockingly, IMO, the buildings are of better quality in Asuncion (and the quality is not impressive here at all).
It boils down to what you are looking for and how easy you want it to be.
 
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#52
aniglo22 said:
Panama is a much better place to live, as it has both the Caribbean and the Atlantic, and it is not landlocked.
But if you are still interested in Paraguay , you can read the requirements for the Investor Certificate here : http://www.suace.gov.py/wp-content/uploads/2019/02/ResolucionConstancias.pdf
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Better country is relative. For me it wasn’t. But could for some.

The thing you posted. He doesn’t need this, if he doesn’t want to go with Investor Program + at SUACE they can be pretty flexible. So even the .pdf is not rules written in the stone.
 
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