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Raxxor

New member
ok you're lucky then.
But keep in mind, in many EU high tax countries nowadays it doesn't work that way... they find your suspect movements, they right there accuse you and tell you how much to pay. Then it's up to you to prove yourself innocent.
These days you start as guilty not as innocent for many tax authorities... and you need to lawyer up ($$$) to try to get out clean.
Many times it's not worth an plenty of people just pay the fine for peace of mind.

~~~
I'd go against the flow. Move out of the shithole high tax EU countries before it's too late.
No matter if its Germany, Spain or France.
But do not move to dubai straight, as martin said that will only raise red flags.
Relocate to another cheaper EU country first and make it legit, for a few years.
e.g. start a real business there(enjoy the lower taxes on pretty much anything), register to the local council, doctor, register as a citizen abroad if your old country requires it etc.
Bulgaria comes to mind. It'll still be enjoyable for a few years.
You can live like a king there for much less than dubai. 80% of payments are still made by cash...
You can still travel where you want while you are bulgarian resident, as long as you pay your small share of taxes nobody will complain.
Do not cashout bitcoin to your bank account. Use ATMs. Is not as uncommon to get out as much as ~5k EUR without ID verification in those areas...
it could still cost you a fair share (5-8%), but this shouldn't go against your libertarians soul :p

many small fishes are lured by dubai... but if you don't have the money for it, you are only going to live in an expensive prison (many europeans forget about shariah law until they get in troubles ;)).

Also let me say: it's not all black or white in the world. There's gray too.
I guess Martin also knows solutions to cashout millions of crypto money while living in dubai without CRS.
These solutions are available today as they've always been, but the doors won't open for less than 1mln, and the entry fee will keep rising.

How can they accuse me if im a non tax resident anymore in my home country?? I just show them im 183+ days in Dubai with tax certificate and proofs living here and they can eat shit if my money is in my Dubai corporate and personal bank accs and crypto wallets. I need prove them nothing, I "earned" my money while im an UAE resident.

And cashout in ATMs is fine to live, buy food, normal things but what if I want buy an expensive thing like a house and/or car? only choice is relocation and wait until im a non tax resident in my home country with money "earned" in my new low tax or non tax country.

Shariah law, internet censorship and that is another diferent thing to discuss here. I was thinking about Andorra, much better location for me instead Bulgaria or UAE.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
But keep in mind, in many EU high tax countries nowadays it doesn't work that way... they find your suspect movements, they right there accuse you and tell you how much to pay. Then it's up to you to prove yourself innocent.
These days you start as guilty not as innocent for many tax authorities... and you need to lawyer up ($$$) to try to get out clean.
Many times it's not worth an plenty of people just pay the fine for peace of mind.

Thank you for explaining this to him thu&¤#.
 

Cetme308win

Entrepreneur
But what is the point to go UAE strategy if we need regularize our taxes before leave and we get tax abused before start our UAE strategy? What if I hide my crypto funds first in a private wallet or decentralized exchange and only declare small partial amount when leave and rest of money through UAE company as a profit made living there in UAE?

Tax advisors here are terrible and I dont know if they report people consulting them if they know customer purpose is evade taxes hiding the assets
Spaniard here...actually you can evade taxes,is not legal but I'm not gonna judge you for protecting your money from extortion .
Being out the system actually helps specially if you never paid taxes but Dubai may not be the best place for relocate.
As other people have told you,first you need to be tax resident in a low tax EU country like Cyprus.
After being considered tax resident in Cyprus (no exit tax)I would move out to Panama and in 3 years,you can get a Panama passport
 

jjrapy

Mentor Group Gold
All tax authorities declare you guilty and you have to prove your innocence.. it happens in developed countries to third world countries.
You’re free to say that need to prove nothing but of course that won’t save you from the fines or penal responsibilities that they may charge you.
As everyone already mentioned, once they start digging in, they will start asking questions and you must have the answers.
 

Cetme308win

Entrepreneur
All tax authorities declare you guilty and you have to prove your innocence.. it happens in developed countries to third world countries.
You’re free to say that need to prove nothing but of course that won’t save you from the fines or penal responsibilities that they may charge you.
As everyone already mentioned, once they start digging in, they will start asking questions and you must have the answers.
exactly but there are already a few oportunities to be under the radar of the tax authorities......but planing it really well is the key....

Actually I'm living under the radar since always and planning to move out in like next year if everything goes well....
Yes the tax offices specially european ones are trying to convince people they actually know everything,that they are like an orwellian big brother. But is not like that,they just wanna scare people out there.

Well, actually european tax offices employ methods closer to an STASI agent in the cold war but they don't have enough tools to control all the not declared income in their respective countries even when it's digital one. Most of what they actually do would be, what we can call "going fishing" and looking for people that actuallly declare their income in search of hidden money or mistakes when declaring their money.

But what happen when you never declared anything? You are almost out of their scope if you don't own any real state or fancy cars or have tons of money in your bank account. You are not a target,why? because they can't actually extort you to pay them taxes and a fine, and probably they would lost money when trying to caugh you.

Collecting money is just another business (based in extortion, yes) and they always try to get the money in a easy way.
 

Konstanz

Entrepreneur
I am from EU country too. I have moved to other EU country. I had to prove everything from my rental agreements, flight tickets, utility bills , doctor visits etc. They do everything they can to prove that I still remain tax resident in my home country.
They are so desperate, maybe it's because of COVID, the budgets are lacking tax income. So, be really careful - they will check everything. I would not be surprised if they check movements through airlines etc

Also the guys say good advice here. Firstly move to other EU country, stay couple years there and only then move to Dubai.
 
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Cetme308win

Entrepreneur
I am from EU country too. I have moved to other EU country. I had to prove everything from my rental agreements, flight tickets, utility bills , doctor visits etc. They do everything they can to prove that I still remain tax resident in my home country.
They are so desperate, maybe it's because of COVID, the budgets are lacking tax income. So, be really careful - they will check everything. I would not be surprised if they check movements through airlines etc

Also the guys say good advice here. Firstly move to other EU country, stay couple years there and only then move to Dubai.
Yes they are a lot.... but when you looks like a small fish and live under the radar they aren't so much strict
 

Konstanz

Entrepreneur
Yes they are a lot.... but when you looks like a small fish and live under the radar they aren't so much strict
They attack me, because of my business turnovers etc. I can be considered 'big fish'. Yes, when they see it's not worth they would not put any effort.
For example, if we talk about some man working in Germany in McDonalds who moved there from Spain, they would not be interested at all.
But if we talk about business income, about crypto trading were larger amounts involved, they would be really interested to prove residence in home country
 

Fred

Dubai Expat
Mentor Group Gold
Commercial Service
Regarding the initial question.

All developers including Emaar accepts cash payments. That's the way to go we recommend as you can get 1-2% OTC rates for significant amount of money. All the property company like famproperties claiming to accept Bitcoin simply do the OTC and charge you 2-5% extra.

Regarding the CRS - if you setup upfront a Dubai Company that grants you the Residence Visa and Emirates ID and you open the local UAE Bank Accounts with the Residence Visa + purchase property and mention this to the bank - this is more then enogh substance - far more then the most people have and didn't get reported under CRS.

Residence Visa + Emirates ID + local phone no. are the keys to success in this matter.

Yes in theory they could check more - practice experience from all people I met in a half decade proof the opposite.

Note that's only for UAE and local banks - there are especially in the discount brokerage space (Swissq.....) banks around that loves to report all over the world - heard already from so many nonsense misreporting from them.

So if you don't move physical to UAE asap - stick to the local UAE banks and avoid international banks like Swissq.... that try to test your substance.
 

Cetme308win

Entrepreneur
They attack me, because of my business turnovers etc. I can be considered 'big fish'. Yes, when they see it's not worth they would not put any effort.
For example, if we talk about some man working in Germany in McDonalds who moved there from Spain, they would not be interested at all.
But if we talk about business income, about crypto trading were larger amounts involved, they would be really interested to prove residence in home country
That's why I trully believe in being under the radar of european governments....
 
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