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I know a few countries in Europe where filling for bankruptcy for taxes and social debts would be nearly impossible, as opposed to filling for bankruptcy for bank loans for example. Especially if these debts are the outcome of a fraud, they will never cancel it.

Sure but with 8 digits portfolio he can pretty much establish himself anywhere in Europe where is no capital gain or income tax for crypto when traded in the past as non professional trader (In Europe such as Germany, Monaco, Switzerland, Portugal, Andorra? etc) And really, you can spend crypto...

Here is a concrete example on how you can pay for flights, accomodations and activities using crypto only : Book Hotels, Flights, Tours & Activities with Crypto on Travala.com

Depends of the country, some only tax when the crypto is converted to FIAT (That includes swaps), but spending your crypto directly is not a taxable event, in those countries (Like France last time I checked) Unless all your crypto portfolio is sitting on a major exchange, HMRC already knows...

In most cases, when the crypto balance is converted to Fiat yes. But if you send in crypto directly, this is a different story. You can also use several visa/MasterCards from different providers too.

Use banking cards linked to your crypto assets and use crypto to travel the world. You can link your crypto wallet to book hotels, pay in restaurants etc You can even buy properties using BTC directly if you find the right seller. Don't forget crypto CAN and is MEANT to be spent directly with...

Don't do it all at once with a single bank if you want to go this way Personally I would use few banks

Why not moving to Panama? 0% tax on foreign income... De registering you from local tax as being not a resident but still residing in the country, might get you in very hot water if they find out. They have many tools, I do not buy the "they do not check"

I would rather open an account in Moldova rather than Ukraine or Belarus these days..

That's the reason why I never use my real name whenever possible (unless KYC requires it). In this instance with ledger.com, they don't have my real name. Nothing to hide, but sooner or later they all lose your personal details that end up being for sale somewhere. Even when paying with my...

Depending what business you are in, no company in Europe, will pay your invoices to a bank outside Europe most likely. Now if you run an online business with bank cards processing it is a different story, usually internet customers do not care where the bank/company is based as long as you deliver.

I don't think so, most countries that decided to ban it, reversed the decision when they realised they could tax it. To me crypto is an asset, not really a currency. Like any other asset it can be converted to FIAT. Given the global economical state we are in most countries, tax offices now are...

Don't trade nor should you keep your coins on exchanges...

Yeah good questions. I know I approached one of this company and they answered a lot of questions I had, but this is a good point you are making. Personally this is not for tax evasion purposes, just for secondary personal income without the hassle of having to set up a company. Anyway, that...

Andorra, Sark island.... Rent a company instead of setting one up yourself (Netherlands, UK, Ireland...). Google it man... As a non director and non shareholder you will get 100% of the income less VAT, less the management fee, which is less than 100 euros per months. Pay 0 to 10% max income tax...

I think they use intellectual property rights to charge their branches in order to get funds back to more suitable tax jurisdiction like Ireland and others. Well that is one of the tricks they use I believe.

I am in the same boat as yourself. Personally I use payroll processors (Portage salarial) from the UK. Many others available in Luxembourg, Malta etc. This way your payroll is done properly and amount can be split and paid between 2 countries. This result in lower taxes paid. Typically they...

There is a new legislation that came into force in Europe about Prepaid cards. The name escapes me. But was very recent. Few months ago. Anyways all exotic Prepaid cards are banned if not linked to a properly compliant bank. And limits have gone down in many countries. In France I think it is...

Sounds like he is based in Vietnam my 2 cents

Split it between bank vault, home, office, 2nd home etc Never put all the eggs in the same basket. Design proper storage Take appropriate security measures