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Crypto immigration (I guess I"m the first Asian here)

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Yes but only on the Korean side. Not where you live. And︀ also, many banks won't report anything to your citizenship country. Especially real estate for not︁ report.

You can get a Turkish citizenship with a different name and not tell the︂ Korean government and then go bank with that one.
 
Mate thanks for letting⁤ me know about that.

Idk, I kinda went through a small audit in South Korea,⁣ but then they knew everything about what I did in Vietnam at least.... (CRS was⁢ working on that side I guess).
Real estate, it depends. If that country signed some︀ treaty then Korean IRS would know hahaha
Like I said before, This country the IRS︁ law hasn't changed since the military dictatorship period lol.

I was thinking about Turkish one.︂ Though ,recently, the agencies are claiming that the due diligence Turkish Gov is running on︃ Crypto is rather thorough, because of all the Chinese and Russians. And doesn't it cost︄ like 0.5 mil?
 
The standard is 2 years for Temporary Residency, then 3 years of Permanent residency, and then⁠ you can apply for citizenship. (5years total).

The fast-track would involve two years of temporary⁤ and permanent residency, after which you can apply for citizenship (two years total).

The crypto⁣ offramp is relatively easy. We help with it quite a lot.
 
Ah yeah, I‌ somehow consider that as a sunk cost... IDK why haha.

Turkey sounds lovely too. I'm‍ gonna ask around and look for it,
Only wish they don't run thorough Sof to⁠ bother me haha
 
yes lol brother this‌ is south east asia like nothing matters here fr

just keep it low⁠ imo
 
Interesting. Mate, you got me sold for Paraguay.
Must I admit, it's either⁤ Paraguay or Panama that I'm interested in.

The fast track, does it inovlve like 200k⁣ USD worth of investment in Paraguay or so?
or any requirement?
cheers.
 
Nah man, I lived in Vietnam, they‍ are trying to follow China too.
Now they try to impose everything electronic, super ID,⁠ they about to ban people withdrawing ATM without showing ID or so... IT's fucked up⁤ there. LOl

Yeah. Keeping it low is tough haha,
that's why I'm trying to sort⁣ out massive way, that doesn't involve Asia first ya know.
Since Korea is already going⁢ through too much for all the SEA Atm...
Man, I miss the good old days︀ hahaha

Are you currently in Thailand?
Or do you know someone I can talk to︁ about these?
 
No, there is no investment requirement.

There is an investor program that would directly get⁤ you Permanent residency, but it requires a minimum 70k USD investment in a real business⁣ and the creation of a minimum of five full-time jobs for Paraguayans.

//Edit:
Panama could⁢ be okay for you as well. From what I know, the residency requirements are a︀ bit stricter in Panama. The plus is the ocean.
Asuncion is much cheaper. Shockingly, IMO,︁ the buildings are of better quality in Asuncion (and the quality is not impressive here︂ at all).
It boils down to what you are looking for and how easy you︃ want it to be.
 
Better country is relative. For me it wasn’t. But could for some.⁠

The thing you posted. He doesn’t need this, if he doesn’t want to go with⁤ Investor Program + at SUACE they can be pretty flexible. So even the .pdf is⁣ not rules written in the stone.
 
Mate, I'm interested in Paraguay too, interns of getting a fast citizenship.
Within the 70k,‌ is the bribery included? (as in the inner-code?)
And does It include all the fees?‍
and how fluent do I need to be with Spanish?
A2 level good enough?

Tbh, there's very limited info about the banking system of Paraguay, or is it easy to⁠ transact money to the other one... etc etc mate. But yeah,
 
I guess it all depends on my goal then. Getting a fast⁠ citizenship or finding a place to live....
man. Like I wish I knew how to⁤ offload crypto,
And I"m going through multiple ways, but it all sounds a bit off⁣ to me tbh haha
 
What is your primary objective? To legitimize cryptocurrency earnings? To pay minimal or no tax‌ to South Korea? To move away from South Korea? To replace your South Korean citizenship‍ with another one?
 
That is a good question. Like I⁠ got too much of things all at once right, so I guess I got swamped.⁤

Well, I gotta legitimize crypto currency earnings, without raising flags to South Korea.
Plus, Move⁣ away and replace my citizenship should come close, because as long as I am holding⁢ it, they can still go after my family.

So yea, the primary goal? Run away︀ from Koreans while taking profit from my crypto earnings.
 
There is some research you’ll need to do here. I’m not an expert.
  1. Remove yourself‌ from the ROK tax jurisdiction
    1. Find some knowledgeable, practical advice on South Korean tax law‍ (not me), particularly demonstrating non-residency.
    2. Evaluate and select a jurisdiction to establish yourself
      1. Cryptofriendliness
      2. Bank availability/access
      3. Tax law
      4. Ease of establishing tax residency
      5. Reporting to ROK (CRS, tax treaty, etc.)⁠
      6. Economic opportunity for lifestyle and conversion of funds
    3. Establish residence and banking/company infrastructure in that⁤ jurisdiction
      1. From my quick research, it’s challenging to demonstrate ROK non-residency. You might need to⁣ do some divestments or other extra actions.
      2. This doesn’t appear to be based on citizenship;⁢ non-citizens are subject to the same center of interest tests. Giving up ROK citizenship might︀ not help.
  2. Off-ramp cryptocurrency into fiat and establish source of funds in a sheltered country︁ (this might or might not mean non-reporting)
    1. Cryptofriendliness will help a lot here
  3. Convert citizenship︂ either in your new place of residence or elsewhere (if needed; might not help you)︃
I’m not so sure how necessary non-reportability is with no practical experience in ROK tax︄ law. You might be protected via tax treaty or solid demonstration of non-residency.

CFC laws︅ look pretty bad but my knowledge of the details is non-existent.

Some of the mentioned︆ places in this thread might work. Paraguay, Panama, or UAE might be valid for 1.2.︇ Serbia or Cambodia? It’s worth taking the time to methodically step through each piece above︈ and evaluate your options.
 
For living in any LATAM country you need some Spanish.
For citizenship test a2 is⁠ sufficient.

The limited info about the country in general is a good thing. Py is⁤ not on any blacklist. Banking is non-CRS.
The banking is old fashioned, there are ways⁣ to make it smoother, but expect questions (like in any bank in the world).
You can find threads in the forum, where guys said it’s impossible to get unlimited account⁢ with credit card for non-citizen residents at Banco Itau, yet I have it (and know︀ many others who have it).
 
Depends on your history with them. They are less strict if there‍ is some history. Basically, at all banks you get assigned your “banker” and he/she assess⁠ you all the time.
That’s what I meant by old fashioned. Compare to retail banking⁤ in Europe, where you can be client for 10 years… one transaction they don’t like⁣ and they close your account.
Crypto is ok, but I definitely wouldn’t withdraw six figures⁢ to USD account on first day I got USD account opened.
 
I see. They do ask︀ questions. eh?
But then so I need to proof of SOF and all again?

I mean, Prob I own't cash out all and reinvest some into crypto, but still I︁ gotta figure out how to do stuff then hmmm.

Might as well Gotta figure out︂ how to create foreign sourced income using crypto first them hmm.
 
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