For someone who is also a UAE resident thinking about cashing out, would you recommend opening directly with Citigold IPB UK or opening a saving account with a local branch, deposit $200k and then request access to Citigold IPB UK?
By default, I'm reluctant to share detailed information with...
Thanks, I'll contact SEBA and ask them about their minimum balance/deposit. I'm a resident in the UAE, I don't believe there is any crypto friendly bank here.
Thanks, I thought about that option, it gives me less bargaining power, I'll use it as a last resort.
Thanks. Source is legitimate and...
I would like to cash out 50BTCs, which currently is something close to $600k, in order to buy a property. I see crypto friendly banks to cash out big amounts, like Bank Frick, and many banks to cash out smaller amounts, like Fidor, bunq or N26 (I have account with all these already). Somehow I...
As an example, if you move from country A (where you were tax resident) to country B, and those 2 countries don't have a tax treaty, both could consider you a tax resident.
Hopefully we could get back to the original topic, thanks
I don't think I'm mixing them, when opening a bank account they will want to know your tax residence AND your citizenship, what I'm trying to achieve is to avoid any reporting from the bank to my home country, by CRS (currently I believe they report only to tax residence country, but that could...
Thanks, I thought about that possibility, but my opinion is that most countries will eventually join the CRS or suffer isolation and/or sanctions (with the exception, perhaps, of the USA), that's why I thought of a solution that I believe should be safe in the long term.
This is my first year as a tax resident in a low tax country, I'll cash out some profits from crypto next year (I'm avoiding cashing out the first year on purpose), and I was thinking of adding an extra layer of "protection" against my home country coming after me (I paid all my taxes before...
Several months ago, while doing some research, I contacted a couple of lawyers in Malta specialized in crypto, and after several emails, they were unable to confirm if those profits from cashing out crypto (not trading, just cashing out, just like your case) would be consider capital gains...
You are right, after spending several hours reading the forum, I don't see any reason why BVI would be a better option than Belize, or Seychelles. Only reason would be if any of them makes it easier to get a bank account, but I haven't found specifics about this.
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