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It's a really tricky situation. Do you come clean with tax man and just say "Hey, here is what happened, I didn't know how to report it, but I want to pay everything now" vs just sit and wait and hope tax man realises there are shitton of people with unpaid crypto taxes and issues a letter to...

Can't he avoid penalties in Spain if he keeps all assets under the company and not under his individual name and account? So yes, he will move back, yes, he will have cashed out under UAE company, BUT the assets will be held UNDER COMPANIES NAME. Wouldn't that make it less likely to get into sh**?

Seems like a good solution for big boys with big money. UAE is not cheap haha

Biggest question about UAE setup is: 1) What are significant benefits to having an incorporate company holding all the assets VS 2) Just registering as an individual in super tax efficient jurisdiction and cashing out and declaring all assets there? Second seems easier if you aren't doing...

If one hasn't cashed out their crypto yet, what benefits they have using a UAE Dubai company setup vs just getting tax residency and golden visa citizenship in super low tax country and cashing out crypto there as physical person and paying little to no tax?

Why do you need darks? Why not register tax residency in another country ot get a golden VISA in 0% capital gains tax country and cash out your crypto there with 0% tax? Just say when you brought your Bitcoin. What is the problem?

Why do you need darks? Why not register tax residency in another country to get a golden VISA in 0% capital gains tax country and cash out your crypto there with 0% tax?

Right, but... what if you ALREADY cashed out and have not reported these cashouts (radio silence basically). And now you would get second passport or residency and what not and declare everything in another jurisdiction as "I already have this" and not "I sold this just now, please tax me"...

Ukraine is not CRS right? Seems like a good jurisdiction AND you can do business with Russia. Also, can you open bank account in Ukraine remotely? Last edited: Feb 19, 2021

Register company in Delaware Open account in Miami Done deal. They don't share info, they don't care. They want to become a tax haven. What are issues with this?

Let's say you got lucky with crypto and stocks and have offshore accounts with plenty of assets that haven't ever been declared or taken out in local country (just shuffled). What if this person just moves to a tax friendly country, starts living there, gets residency, gets citizenship or tax...

Well, they are... not great, but... also not terrible. Not life ending haha What is the difference? What happens if you simply don't do anything? Don't cash out to local banks, don't take money to your country, it just sits somewhere offshore, circulates between accounts, gets invested in...

Other than privatebank, are there any non blacklisted banks in Ukraine?

Well, looks like the fate is sealed and now its only question of time. The fact that one would change residency now changes nothing as info has already been sent for previous years. What now? Just save up for fines or.. ? Would closing all accounts somehow help?

Bitstamp could be snitches per CRS as they are in EU while Bitstamp and Kraken are in US. Best way to escape taxation I think is getting second citizenship or second tax residency somewhere and then establishing a really complex and convoluted offshore structure that would be too costly for tax...

You will be getting golden visa in portugal? If you are registered still in Italy, all exchanges, banks and everything probably already reported data in 2020 and 2019 as per CRS. Question is - what can we do to minimise consequences?

Thank you for being precise and to the point, Martin! So as a EU citizen, if I move to another EU member state and stay for 3 months, 1) Then I can claim tax residency there? 2) What happens after 3 months? Do I have to stay there to keep residency? 3) So I reform all the brokerage, bank and...

Do I need to move there or acquire tax residency? Because I can acquire tax residency in Dubai as well. What makes those countries better than Dubai? What do you mean by "non dom" country? Taxman can't confiscate crypto or can't confiscate wealth if they can't find it. So they will waste a...

What you don't like about coinbase? And what do you think of Bitstamp?

Thanks so much for feedback. 1) I AM thinking of potentially moving. Any countries you would suggest for EU person to move to or get second passport / residency? 2) Or maybe one can just obscure everything in such a convoluted manner that when tax man comes even if they determine something was...