Finance and economics mentoring
New Horizons Paraguay
Ticker tape by TradingView

Crypto high 6 fig with no source of funds no tax returns looking to offramp

Status
Not open for further replies.
@MrTambourineBTC yes, you can also deposit legal money if you have that.

For the tax‌ plan, it is risky. When you go to Portugal, I would not withdraw the cash‍ there and declare as little as possible as they may investigate and in the worst⁠ case inform the Spanish about the true origin of funds. I would do this later⁤ on in Panama or somewhere where nobody cares.
 
You should consider moving within the next few months or you will waste 1 entire‌ fiscal year. The more you drag this the less options you are going to have‍ in the future.
There is no clean way to do this, you have to do⁠ your fair share of shady stuff to make sure you come out of this clean⁤ and the best solution is to leave Europe.
 
Yes I⁤ don't plan on offramping all my money for now. Yields and opportunities are so insane⁣ in crypto that for me it would make sense to keep my bag in crypto⁢ until low-mid 7 fig hopefully in a few years. And cash out smaller amounts legally︀ in the meantime.

If I sold my house for 150k, that's 200k€ of legally sourced︁ money I can deposit into crypto (risk of 100% of all my assets into crypto︂ for a while is not nice btw, could try to sell at least some to︃ cash) and at 50% average APR that's already some very nice amount of money that︄ won't raise flags, earned in a legit way, with proper source of funds. This earnings︅ shouldn't be an issue. (I'm not convinced on the house, but renting it to relative/friend︆ is the inferior option regarding Spain making retarded claims.)
Yes I'm aware and trying to start solving︋ it in early 2025. Will continue to give it thoughts and appreciate all the help.︌

Portugal is a very decent solution though. I wish I could just flee to Panama...︍
 
Portugal doesn't⁤ work for him because he already fucked his situation up by using the wallets for⁣ funding his kyc debit cards? If this wasn't the case he'd be able to do⁢ it there?
Any particular place that is suitable for Europeans with loaded wallets? A place where you︅ can comfortably can stay at least 6 month every year with enough freedom. Declare everything︆ over some time and come out with everything nicely documented as a law abiding resident.︇ The here named places don't give you the best banking options. No place where you︈ need to pay a lot to enter because banked resources in such cases are usually︉ low. You can always use the utility bill of a holiday home but isn't this︊ fraud and the bank can get pissed in case they find out? If it's not︋ yourself who is doing the dirty work and instead a gypsy or ukranian then i︌ guess it's from a risk based approach more acceptable.
 
Yes, move to Portugal, sell house, buy cryotps, sell crypto at profit tax-free, live there‌ for a while, then go to Panama. You could also move to Germany, if you‍ hold onto cryptos for over 1 year, there is no tax. And Germany is much,⁠ much less suspect than Portugal.

Where is the house? I think @Radko may be interested⁤ in a house swap in Spain 🙂
 
So all you have to do is‍ go from 200k to 850k in 2-3 years, as a professional shitcoin trader that's not⁠ hard at all.

There are plenty of multi-million dollar mkt-cap shitcoins listed on centralized exchanges,⁤ where you (your friend) can wipe the entire sell-side liquidity with less than $1k and⁣ decide what price of that shitcoin is going to be for a second or two.⁢ Do with that information what you will.

You could potentially be the best shitcoin trader︀ of all time and win 100% of the time (don't do this), or you could︁ fly under the radar and mix hundreds of legit trades with one or two shitcoin︂ adventures per year.
 
Just put an NFT on the market, and sell it. You can then buy it︂ yourself for all the 888k in shitcoins you have. You hold it for one year︃ and then off-ramp in Germany. No tax, and all issues solved.
 
There are too many eyes watching the NFT space, fat fingers on low liquidity⁤ centralized exchanges happen all the time and nobody really cares or seems to understand why⁣ they happen in the first place.

NFTs are great if you plan on investing in⁢ a really liquid market (like cryptopunks) put 100k in and take 120-130 out and re-sell︀ that nft instantly to someone random for 95k.
 
Lmao the crimeometer on this thread is through the roof!!

I'm definitely not writing down︂ any of this ✍

I would use the last strategy in a more shady/small (yet︃ KYC) cex. I'm sure binance/bybit can have eyes on such activities and flag both accounts︄ the first time it happens especially for bigger amounts.
 
You should NOT do this!⁠ This is highly illegal (I think?) stupi#21
 
If you are not afraid from your last residence country, pretty much anything without capital gains‌ tax on crypto will do it. Personal preferences vary, Switzerland, Singapore, Malaysia, El Salvador, Cayman‍ Islands, Bermuda, Puerto Rico, BVI, Georgia, UAE, Panama, Dominican Republic, the list is long. It⁠ depends a bit on your trading activities, some countries do tax it if you do⁤ it as a business.
 
Get a tax residency where tax for crypto is zero. Sell︃ and rebuy, and wait a few years, and slowly invest in business, stocks,etc. then sell︄ the stocks, i would still be in dubai , and reinvest in Spain. It's very︅ easy at your level (crypt, non brick business)
 
Bulgaria could be good! 10% though but reputable and less likely anyone will question source‌ of funds, if they do it’s usually sortable with the right lawyer.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
Top Bottom