best residence for crypto earnings

cal123

New Member
Hi, I was wondering which country would you advice to cashout crypto earnings 6-7 digits for a european citizen and to keep trading activity, and lending with lowest taxes for all (0% if possible), if possible later invest in real estate in europe

I have seen differents possibilities, but I was wondering what was the easiest, knowing the target would be to go live in the country for 2-3 years to cashout all and have all "clear" and cashed out, the whole in a developed country (with good internet, airport, security...), and then to move elsewhere once cashout is done
the problem wil also be related to the administration, and the banks there, do they let you cashout ?

1) UAE : it seems there is 0% tax there but is it actually easy to go there and trade crypto and get 0% tax without an accountancy and a risk? but I heard they didnt allow crypto activity still officialy, so until it would be forbidden ? and should you trade crypto as a business or as an individual (if you have no other activity), if someone know how to setup there as a crypto trader and what prices per year it would cost approximately would be nice
2) malta, is it a good idea to go there, then lend the crypto already earnt for 0%, and 5% on the new gains, it seems, but then some complain about the bureaucracy, acountancy and some stuff that would make it a not so good solution and create risks related to the previous country, but what about malta+ delaware setting ? going to malta, then just set a delaware corp which would get the crypto for 0% and also later the dividend from the maltese company (because malta doesnt tax foreign incomes), I have heard there was no acountancy needed even on delaware corps, is that even true ?
3)thailand, I have heard a lot that it would be possible to get 0% tax in thailand, with 0% but it seems to be a gray area

what do you think is the best for pure tax wise and business point of view ? Are there better ways ?(for example staying in a high tax country and giving the crypto to an offshore corp oO) Or other countries to go to to benefit of 0% ?
thnanks
 

GiGoGo

Building Trust
Entrepreneur
Mentor Group
Hong Kong and Singapore are also tax exempt but geting visas are really expensive, banking is hard but once you get it its really helpful
 

xzars

Trusted Member
Business Angel
What is your risk tolerance? Willing to cross the line of legality or not?

For least risk, no tax, and no bureaucracy, go to a country like Antigua. They abolished personal income tax recently. There are dozens of similar countries around, but they tend to be a little more expensive (Cayman Islands, Bermuda) etc. In Antigua, you can still take advantage of lower living costs.

:cool:
 
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Stefano3323

Active Member
Singapore capital gain is 0% so you can cash out with no problems. Also, moving the capital from a Singapore Bank account to Europe for investment is actually quite simple.

You do have however few challenges for Singapore:
1) To get a visa you need to set up a company, transfer funds to the company bank account, apply for either an EP or an EtrePass, the application process depends on your age, qualification, work experiences, and most important salary;
2) Bank account. Even if Singapore is pro crypto, banks are not, if you try to open a bank account and mention you are running crypto-related stuff they will not allow you an account. EMI like transferwise requires a maximum of S$10,000 in the account, which is not much.

Other option could be to set up a company in other country (Seychelles, Wyoming, Panama) get a bank account and use the company to run the trading. Majority of offshores have 0% capital gain so that should be fine too.
 

cal123

New Member
Singapore seems to tax crypto professional trading according to forbes: Seven Countries Where Cryptocurrency Investments Are Not Taxed

But Dubai seems to be much cheaper than Singapore to incorporate if talking about 0% not too exotic residency, both to incorporate (about 10kusd per year for companyin a freezone and maintain residency), to fly from europe and cost of living
I guess crypto online trading and forex, stock trading are taxed 0% in dubai as they are not undergoing the VAT, if i'm right ?

What is your risk tolerance? Willing to cross the line of legality or not?

For least risk, no tax, and no bureaucracy, go to a country like Antigua. They abolished personal income tax recently. There are dozens of similar countries around, but they tend to be a little more expensive (Cayman Islands, Bermuda) etc. In Antigua, you can still take advantage of lower living costs.

:cool:
The target is to be legal in the new country
 

GiGoGo

Building Trust
Entrepreneur
Mentor Group
Singapore seems to tax crypto professional trading according to forbes:
Is Taxable if the crypto comes from a payment.
HK law is the same, but Tax office just ignore it
 
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