Hi all, I've been browsing the forum for months reading up, and I've come to the conclusion of Seychelles.
I have just turned 18, and have a decent holding in Crypto, and Decent holding in Forex. My idea is to open a new company and bank account in Seychelles.
The company will be trading FX.
When it comes to the Crypto, when the right time occurs I will be wishing to partially sell.
Now, I'm in the UK. And to be honest, I'm not exactly sure about the tax laws on crypto.
Would I be best withdrawing in a different country? Tax free? (Legally) as not all of the bitcoin was made in the UK.
I understand it would be a nightmare to have a Swiss bank to accept my crypto, due to the fact I've mixed them. I've been in Bitcoin for 4 years now, And have traded, paid friends, paid subscriptions, recieved money, re-invested into different currencies..ect ect. So I'm looking for the next best thing, hopefully there's a real estate crash and everyone will sell me there properties for crypto!
So yeah. My point is, I am wondering which country and setup would be the best to study more, and possibly setup myself.
I am no against the idea of paying a small amount of tax to be somewhere I enjoy.
Over the next couple of years my projected growth is looking to be 6 figures + Thus, I am asking for help and advice from all you smart folk. Thank you in advance.
I have just turned 18, and have a decent holding in Crypto, and Decent holding in Forex. My idea is to open a new company and bank account in Seychelles.
The company will be trading FX.
When it comes to the Crypto, when the right time occurs I will be wishing to partially sell.
Now, I'm in the UK. And to be honest, I'm not exactly sure about the tax laws on crypto.
Would I be best withdrawing in a different country? Tax free? (Legally) as not all of the bitcoin was made in the UK.
I understand it would be a nightmare to have a Swiss bank to accept my crypto, due to the fact I've mixed them. I've been in Bitcoin for 4 years now, And have traded, paid friends, paid subscriptions, recieved money, re-invested into different currencies..ect ect. So I'm looking for the next best thing, hopefully there's a real estate crash and everyone will sell me there properties for crypto!
So yeah. My point is, I am wondering which country and setup would be the best to study more, and possibly setup myself.
I am no against the idea of paying a small amount of tax to be somewhere I enjoy.
Over the next couple of years my projected growth is looking to be 6 figures + Thus, I am asking for help and advice from all you smart folk. Thank you in advance.