How do people buy properties with crypto without triggering taxman and anti money laundering stuff?

[dor]

How do people buy properties with crypto without triggering taxman and anti money laundering stuff?
do they all go corporate way and cook the books and self invoice?

 

[CaptK]

Short answer is no, but this discussion has been done in the Mentor Group.
You will find what you need there.

 

[Davis123]

How do people buy properties with crypto without triggering taxman and anti money laundering stuff?
do they all go corporate way and cook the books and self invoice?

Come to UAE, buy properties here . They have anti money laundering laws in place but CaptK and others in mentor group will give you the guidance you need.

 

[Hydrogene75]

Some third world countries allow you to buy properties in Bitcoin/cash/dollars

 

[CaptK]

Come to UAE, buy properties here . They have anti money laundering laws in place but CaptK and others in mentor group will give you the guidance you need.

Your wallet will serve as your proof of funds.

 

[px1]

Some third world countries allow you to buy properties in Bitcoin/cash/dollars

Which ones?

 

[Hydrogene75]

Which ones?

Algeria, Ukraine, Russia. Confirmed by local residents from those countries. For example Algerian banks let you deposit very large sums in cash without proving source of funds.

 

[rockrock]

Your wallet will serve as your proof of funds.

Excuse me for asking but is this a serious or joke answer?

Proving one owns a crypto wallet is sufficient proof of funds? One signs a message from a crypto address and that's sufficient?

 

[JackAlabama]

Which ones?

Many African countries also support it. You have to find a trusted real estate agent.
With emphasis on "trusted" . Its easier than you think as some of these guys are very rich and barely care about a measly 50k. But it can go the other way and you will lose everything and get robbed.

Cash transactions are the norm anyway due to non working alternatives.

 

[CaptK]

Excuse me for asking but is this a serious or joke answer?

Proving one owns a crypto wallet is sufficient proof of funds? One signs a message from a crypto address and that's sufficient?

YES!!!!
They will ask you to make a few small transactions. When they have done so you will be confirmed.

 

[Jerry1911]

Excuse me for asking but is this a serious or joke answer?

Proving one owns a crypto wallet is sufficient proof of funds? One signs a message from a crypto address and that's sufficient?

Actually it totally makes sense

 

[rockrock]

That didn't work for me at all. Bank wants to know everything including documentation about the initial deposit.

 

[carz]

That didn't work for me at all. Bank wants to know everything including documentation about the initial deposit.

Can you elaborate please? What didn’t work?

 

[uplana]

You better pay for mentor group gold access and keep the discussion there.

 

[clemens]

Some third world countries allow you to buy properties in Bitcoin/cash/dollars

Swiss does, do you consider it to be a 3rd world country

 

[JackAlabama]

Swiss does, do you consider it to be a 3rd world country

Yep, it can be done there. But best is to go with a trusted fiduciary company or a lawyer and avoid solo runs. It is not as easy as it was years back. But even as of today, it is possible. They can also advise about property buy restrictions for foreigners etc.

 

[CyprusLaw]

A number of development companies in Cyprus accept crypto payments, we have done a number of transactions this way

 

[rockrock]

A number of development companies in Cyprus accept crypto payments, we have done a number of transactions this way

Please PM with further information.