Tax setup for crypto cashout

Status
Not open for further replies.

kimbo

New Member
Aug 6, 2022
2
0
161
What I have:

1) EU passport (Country A)+ tax residency where I pay around 30% personal income tax
2) Clean new EU passport (Country B) - acquired it by descent
3) Bank account at a crypto-friendly bank and a good relationship with the bank

What I'm thinking is that I can use my Country B passport and get a tax residence in Gibraltar under CAT2. Then I'll visit the bank and update my passport + provide new tax residence and a Gibraltar address. Then do the cashout and pay the CAT2 lump sum tax. After that I plan move to Country C and use my Country B+Gib setup to prove source of funds and that all taxes are paid.

Would this work?
 
Just get a residency from Dubai and be a tax resident there with your old or new passport. After being tax resident in Dubai, cashout your crypto.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

User Menu