Crypto sales is zery︂ in portugal. Don't make any moves to the wallets you don't want to spend money︃ from. Wait till the transactions are a little bit old, 4-5 years, so they won't︄ be able to check backwards, sell your crypto, and rebuy it in portugal. You pay︅ 0% tax. Revinest if you want, then go back to Spain and pay taxes there.︆ or just go back and say you want to go back and how you miss︇ spain so much
Crypto high 6 fig with no source of funds no tax returns looking to offramp
- Thread starter MrTambourineBTC
- Start date
- Status
What are the facts here about an audit. Tens of thousands of people leave Spain every year. Is this normal?
I imagine they will ask for a tax certificate from your new location if your a big earner.
Why would they audit you?
Moving to another location and ignoring an audit. Won’t you be penalised and found automatically guilty?
I imagine they will ask for a tax certificate from your new location if your a big earner.
Why would they audit you?
Moving to another location and ignoring an audit. Won’t you be penalised and found automatically guilty?
When rich people or companies leave countries, they normally audit you completely in order to determine the tax on unrealised gains. Poor people leaving to work in Germany almost never is an issue.
But you're posting about not reporting your cryptos for years... which is technically a crime. Just ask Roger Ver who's currently sitting in your Spain, waiting to be extradited to the U.S for "tax evasion" (which is bs).
I don't have a problem with you protecting yourself from govt. aka mafia extortion, but maybe it's unwise to talk about your wealth and situation on a public forum, where you don't know how many spooks are frequenting it.
I hope you're using a VPN/ tor to post here, because the "030︀ squad" or the hacienda just have to trace the IP back to your posts. The︁ thing that got Shakira, Roger Ver and other famous people in trouble was their publicity︂ and talking about their wealth. Don't fall into that trap.
I don't have a problem with you protecting yourself from govt. aka mafia extortion, but maybe it's unwise to talk about your wealth and situation on a public forum, where you don't know how many spooks are frequenting it.
I hope you're using a VPN/ tor to post here, because the "030︀ squad" or the hacienda just have to trace the IP back to your posts. The︁ thing that got Shakira, Roger Ver and other famous people in trouble was their publicity︂ and talking about their wealth. Don't fall into that trap.
Not that I would recommend this, but can't you get a second residency in e.g. the UAE, use that residency for KYC with exchanges and banks in the UAE and then just keep everything there? Unless they report to your citizenship country, the information should stay there? You could also buy an apartment with crypto and later sell the apartment.
You could invest into stocks as well.
The only risk would be leaks (like the real estate registry being leaked a couple of years ago) or CRS reports to the citizenship country.
You could invest into stocks as well.
The only risk would be leaks (like the real estate registry being leaked a couple of years ago) or CRS reports to the citizenship country.
I believe maybe Cyprus accepts crypto for buying real estate? But the UAE does for sure. It's a money laundering hub... Why do you think real estate is so popular there...
You WILL get questioned about the source of your wealth when it's time to move money outside of the UAE. stupi#21
He should make sure he can explain how he obtained his crypto assets first, then worry about what he should or shouldn't do with it.
He could skip most of this headache if he invests in a Mentor Group Gold membership, a good friend of mine solved this exact︀ issue just by DMing the right guy in there hap¤#"
He should make sure he can explain how he obtained his crypto assets first, then worry about what he should or shouldn't do with it.
He could skip most of this headache if he invests in a Mentor Group Gold membership, a good friend of mine solved this exact︀ issue just by DMing the right guy in there hap¤#"
Why would he move the money outside the UAE? I have to say I don't have experience with stuff like this (since I have always done everything 100% correctly - I would rather move than break any laws), but then just use a UAE-based broker to buy stocks, then sell the stocks? Then you have proof of funds - you made your money selling the stocks.
Or just buy an apartment in the UAE with crypto and sell it, then︀ you have proof of funds? Set up a company and pay yourself salary/dividends from that︁ company into your UAE bank account? The UAE is known not to be very strict︂ about this (that's why they are on the grey list). I can't imagine it would︃ be that hard.
People like Fred used to offer cashing out crypto as a service︄ even, he's hardly the only one.
Anyway, my main point was: Can't you just set︅ up a second residency and then use that for all your crypto stuff? Just avoiding︆ reporting? But I guess there will always be some risk that someone will report to︇ your residency country, so it's probably not a perfect solution.
Or just buy an apartment in the UAE with crypto and sell it, then︀ you have proof of funds? Set up a company and pay yourself salary/dividends from that︁ company into your UAE bank account? The UAE is known not to be very strict︂ about this (that's why they are on the grey list). I can't imagine it would︃ be that hard.
People like Fred used to offer cashing out crypto as a service︄ even, he's hardly the only one.
Anyway, my main point was: Can't you just set︅ up a second residency and then use that for all your crypto stuff? Just avoiding︆ reporting? But I guess there will always be some risk that someone will report to︇ your residency country, so it's probably not a perfect solution.
You still have to prove where your crypto assets came from if you want to enjoy that money outside of the UAE.
If he becomes a Dubai resident and wants to enjoy his money there, he doesn't need banking︀ at all. There are plenty of places that accept crypto for all kind of services,︁ and if they don't accept crypto, they accept cash, which you can get from any︂ OTC desk with no questions asked.
If he becomes a Dubai resident and wants to enjoy his money there, he doesn't need banking︀ at all. There are plenty of places that accept crypto for all kind of services,︁ and if they don't accept crypto, they accept cash, which you can get from any︂ OTC desk with no questions asked.
There will be no crypto assets?
You buy an apartment in the UAE with crypto and sell it - your source of funds is the sale of real estate.
You buy stocks through a UAE broker and sell them - your source of funds is the sale of stocks.
You put the money into a UAE company and pay yourself salary/dividends - your source of funds is salary/dividends (or you just invest through the company outright).
Why would anyone ask about crypto?
You buy an apartment in the UAE with crypto and sell it - your source of funds is the sale of real estate.
You buy stocks through a UAE broker and sell them - your source of funds is the sale of stocks.
You put the money into a UAE company and pay yourself salary/dividends - your source of funds is salary/dividends (or you just invest through the company outright).
Why would anyone ask about crypto?
Because that's how you bought these assets in the first place.
Sometimes monkeys will also ask for a︀ source of wealth document where you are required to show how you were able to︁ purchase your very first crypto-asset, even if you started with a $5k investment which is︂ now worth $50m, they will still ask how you were able to obtain that first︃ $5k.
When "cashing out" crypto, you need to make sure you are 100% unattackable and︄ have proof for every single step or your adventure won't last very long.
Sometimes monkeys will also ask for a︀ source of wealth document where you are required to show how you were able to︁ purchase your very first crypto-asset, even if you started with a $5k investment which is︂ now worth $50m, they will still ask how you were able to obtain that first︃ $5k.
When "cashing out" crypto, you need to make sure you are 100% unattackable and︄ have proof for every single step or your adventure won't last very long.
Then I guess you can still set up a company and pay yourself a salary/dividends into a UAE bank account?
- Status