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Tax setup for crypto cashout

kimbo

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Aug 6, 2022
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What I have:

1) EU passport (Country A)+ tax residency where I pay around 30% personal income tax
2) Clean new EU passport (Country B) - acquired it by descent
3) Bank account at a crypto-friendly bank and a good relationship with the bank

What I'm thinking is that I can use my Country B passport and get a tax residence in Gibraltar under CAT2. Then I'll visit the bank and update my passport + provide new tax residence and a Gibraltar address. Then do the cashout and pay the CAT2 lump sum tax. After that I plan move to Country C and use my Country B+Gib setup to prove source of funds and that all taxes are paid.

Would this work?
 
Just get a residency from Dubai and be a tax resident there with your old or new passport. After being tax resident in Dubai, cashout your crypto.
 
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