Cashing out Bitcoin with low taxes

[Kol019201]

Hello community,

I want to cashout big amounts of bitcoin over a few years (obviously depends on the price, but should be around a million a year). I am searching for a way where I don't have to proof the government how I acquired these funds . Also it should be payed out with low taxes.
I would like to invest the money into ETF's and stocks that pay a dividend and then life of that money.
For this operation I could move to any country in the world. But of course it should be a safe country, where you are happy to live your life.
Also I would need to have a contact/company there that helps me with the process. (Opens company, etc etc...)

If anybody could name me countries or show me options what I can do I would be grateful.

Mostly I saw people use UAE to cashout crypto. The thing is I don't have any proof of funds.
Are there easy workarounds for that?



I posted this in the normal Bitcoin topic aswell, but thought that I would get better answers here.

 

[Fred]

Kol019201 said:
Hello community,

I want to cashout big amounts of bitcoin over a few years (obviously depends on the price, but should be around a million a year). I am searching for a way where I don't have to proof the government how I acquired these funds . Also it should be payed out with low taxes.
I would like to invest the money into ETF's and stocks that pay a dividend and then life of that money.
For this operation I could move to any country in the world. But of course it should be a safe country, where you are happy to live your life.
Also I would need to have a contact/company there that helps me with the process. (Opens company, etc etc...)

If anybody could name me countries or show me options what I can do I would be grateful.

Mostly I saw people use UAE to cashout crypto. The thing is I don't have any proof of funds.
Are there easy workarounds for that?



I posted this in the normal Bitcoin topic aswell, but thought that I would get better answers here.
Click to expand...

I recommend you to setup a Dubai Company that grants you a residence visa and setup a business bank account with a local UAE bank. If you don't have any source of funds for the crypto we can make a business plan that makes sense to the banks and help you with 3rd parties that are not related to crypto in the common sense to make it look like company earnings. The setup is zero tax of course.

That you will be able to purchase ETF/Stocks we will setup an Interactive Brokers account under your company name as well.

If you want to discuss in detail just send me PM.

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[dirtyharry]

If it's possible to legally setup a Dubai company and avoid reporting I would go for that setup.

 

[DavidS]

Fred said:
I recommend you to setup a Dubai Company that grants you a residence visa and setup a business bank account with a local UAE bank. If you don't have any source of funds for the crypto we can make a business plan that makes sense to the banks and help you with 3rd parties that are not related to crypto in the common sense to make it look like company earnings. The setup is zero tax of course.

That you will be able to purchase ETF/Stocks we will setup an Interactive Brokers account under your company name as well.

If you want to discuss in detail just send me PM.
Click to expand...

Dubai has 0% tax on crypto cash outs and stock selling for profit?

 

[Fred]

DavidS said:
Dubai has 0% tax on crypto cash outs and stock selling for profit?
Click to expand...

Yes no tax at all no matter which source of income.

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