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AFAIK, crypto transactions are taxable the same way as stocks. And stocks and other investments are capital gains free for non-residents, so I don't belive that crypto would be an exception. Although if you lend your cryptos and make interest, there may be the case where that's taxable income.

You are right, I am only going to trade with my money. Also they are $10/month with $0/mo for balances above $1500, while arival is $100/mo.

What is your plan for cashing out? Do you have a bank in Paraguay? Or do you cash out to a bank abroad and use its debit/credit card there? I have many options if I use my current residency, but I might lose them whey they notice I am not in the country anymore. Also I would prefer to avoid CRS...

Thank you! For me it's really nice to have access to OTC, Canadian stocks and if possible other countries. Do you know if Swissquote would onboard a paraguayan resident?

Thanks. I forgot to mention that my LLC is US. I will try Arrival and FV once my EIN arrives. One important thing about Arrival though is that it is actually based in PR. I hope that would not be a problem with brokers such as IBKR.

I am very interested in those asian brokers. I am moving to Paraguay and love to know alternatives to IBKR (it seems like the only exchange that supports the country)

I am also interested if anyone was able to get a bank account as a foreign owned llc. I am also interested in crypto / stock exchanges.

I am planing to go to Paraguay soon and I've spoken with locals (I speak spanish) and accountants. To put things short, if you don't bring income you will not be taxed on that. Also, if you really want to bring income to banks, you don't need to pay the 10% IVA tax, but you need to pay IRP...

I have connections in Latin America, if you need anything. Also I am a developer myself ;)

It's a grey area still, but from what I've heard nobody faced that issue yet. What you can also do is create an offshore on top of being a resident there, and making your trades in the name of that company. This basically guarantees 100% that your profits have foreign origin. Another alternative...

Paraguay and Uruguay don't have taxes on foreign income. Paraguay is really easy to get permanent residency. And you don't even need to stay there, just visit the country once every 3 years.

Hello guys. It's been awhile since I las posted here. Since then I've been working full time in the crypto space. And to avoid taxation what I decided to do for now is simply to not be a resident of my country anymore. I am not a residency of any country, and therefore not taxable anywhere. The...

Please check my profile :) You only forgot the bank account to be able to fund your IB account (you must fund your account using a bank in the name of the company). But yeah, it is a simple setup. The taxation will depend on the laws of the country you reside. As I said in a past post, my...

Do you know Bankera ? It is a little pricey, but they have a plan specifically for crypto exchanges: https://bankera.com/pricing/business-account/ I also found a list of banks that may be helpful for your case: https://techmeetstrader.com/banks-for-crypto-companies/ If you can't open a bank...

Hey Phantom. I am sorry for this late reply. Unfortunately Brazil is undergoing a tax reform and there are many things that we don't know yet, but it seems that in the current proposal citizens will be required to pay taxes of the annual profits of companies located in countries considered "tax...

Thanks for the reply Phantom. That's almost exactly my line of thought so far. Only one correction: you will not pay taxes for capital gains in stocks and derivatives of US stocks, even with a US LLC. These gains are not counted as income coming from US. You will play however the 30% tax...

Brazil. You have to be careful because in some places a Controlled Foreign Coroporation (CFC) have some rules, including taxation. But even in those cases, such as the UK, sometimes you don't pay taxes for business done overseas and financial trading.

This is contrary to every other piece of information I`ve found on the Internet. What other people say is that not only you don't need a SSN, people could create Wise account even without EIN. Do you think they would accept the Registered Agent address? If I opt for the owner address, can it...

He stopped replying to my messages in telegram. I was able to confirm that they allow as long as you can pass the CM-Equity AG KYC. I have no idea about how hard would be that.

Maybe you can form an offshore company and have your cryptos there? You can use DEX for exchanging between tokens. This way I think you don't need to report any crypto transactions at all. At least it's how it works in my country. The crypto->fiat path is much more complex, but it is not impossible.