How would you go at preferably cashing out or converting to another hard asset like gold bars about
200-400k € in BTC that is not connected to the person in question in any kind of way but the person cannot provide any source of funds / proof of origin.
A legitimate business exists in a low tax EU location (the certain small island) as well as double that amount in legit cash. No tax is being paid on foreign income and foreign income also does not have to be declared. Again though with CRS etc questions about origin of funds could not be answered if they were asked.
The BTC are actually legit however the person in question does not in any kind of way no matter what want to be associated with the origin so proof / source of funds is out of question and as such also official taxation whatever unless it can be mixed into the legit business securely.
Cashing out via cards in other countries (btse?) or bullion (bullionstar?) would be an option. Person in question just does not want to hold the full amount in BTC so e.g. buying gold bars via btc in Singapore via bullionstar would be option and they dont seem to report but still will require personal details of course. Not sure how risky that would be. Question of importing said gold in the EU would also be an issue i guess since bullion is vat/import tax free but has to be declared as such afaik.
Timeframe in question would be 12-24 months. Person is traveling extensively in the EU and US so could pull cash out of ATMs easily and has no problem in storing the cash.
200-400k € in BTC that is not connected to the person in question in any kind of way but the person cannot provide any source of funds / proof of origin.
A legitimate business exists in a low tax EU location (the certain small island) as well as double that amount in legit cash. No tax is being paid on foreign income and foreign income also does not have to be declared. Again though with CRS etc questions about origin of funds could not be answered if they were asked.
The BTC are actually legit however the person in question does not in any kind of way no matter what want to be associated with the origin so proof / source of funds is out of question and as such also official taxation whatever unless it can be mixed into the legit business securely.
Cashing out via cards in other countries (btse?) or bullion (bullionstar?) would be an option. Person in question just does not want to hold the full amount in BTC so e.g. buying gold bars via btc in Singapore via bullionstar would be option and they dont seem to report but still will require personal details of course. Not sure how risky that would be. Question of importing said gold in the EU would also be an issue i guess since bullion is vat/import tax free but has to be declared as such afaik.
Timeframe in question would be 12-24 months. Person is traveling extensively in the EU and US so could pull cash out of ATMs easily and has no problem in storing the cash.
