Where is that crypto tax heaven?

[kokolokop]

Hey,

To put it simply, I'm looking for a country where I could move to, to avoid paying crypto taxes or pay small crypto taxes. I hold a European country passport that is in EU. And crypto is my only source of income.

I hear the Dubai is best for that, but it looks like to cost of living are too high for me to live there. My crypto gains won't be enough for that.

I hear Portugal is good, but it wont work for me as I trade a lot of crypto and they have high taxes for traders and they are planning on adding more crypto taxes very soon.

Any suggestion where should I relocate to, to be able to live out of crypto trading and having crypto as the only source of income?

Preferably somehwere where is not cold 6 months a year and where I could actually live as a European passport holder.

Anyone?

 

[pesto]

you want to have a look at the following thread
https://www.offshorecorptalk.com/th...ctions-are-not-taxed-in-poland-germany.37249/

 

[HoneyBoo]

Feel free to DM - advises depend on your gross gain, if you are getting taxed on a 20k gains, you would rather optimize your trading positions and harvest loses than seek a different jurisdiction, please you will always need to pay an income when the money arrives to your home country.

 

[kokolokop]

pesto said:
you want to have a look at the following thread
https://www.offshorecorptalk.com/th...ctions-are-not-taxed-in-poland-germany.37249/
Click to expand...

not a fan of europe to be honest, it aint gonna be nice there for next 10 or more years.

 

[khinkali]

kokolokop said:
Any suggestion where should I relocate to, to be able to live out of crypto trading and having crypto as the only source of income?
Click to expand...

There are quite a few ex-EU crypto folk in Georgia.

 

[JackAlabama]

kokolokop said:
Hey,

To put it simply, I'm looking for a country where I could move to, to avoid paying crypto taxes or pay small crypto taxes. I hold a European country passport that is in EU. And crypto is my only source of income.

I hear the Dubai is best for that, but it looks like to cost of living are too high for me to live there. My crypto gains won't be enough for that.

I hear Portugal is good, but it wont work for me as I trade a lot of crypto and they have high taxes for traders and they are planning on adding more crypto taxes very soon.

Any suggestion where should I relocate to, to be able to live out of crypto trading and having crypto as the only source of income?

Preferably somehwere where is not cold 6 months a year and where I could actually live as a European passport holder.

Anyone?
Click to expand...

Any third world will do for you then. Pick one where you like the culture and try to adopt.
Dubai is indeed quite costly, but you could also live in cheap emirates like ajman if that is what you want.

 

[kokolokop]

JackAlabama said:
Any third world will do for you then. Pick one where you like the culture and try to adopt.
Dubai is indeed quite costly, but you could also live in cheap emirates like ajman if that is what you want.
Click to expand...

and what 3rd world countries have small or no crypto tax?

khinkali said:
There are quite a few ex-EU crypto folk in Georgia.
Click to expand...

I would rather avoid living in a place that can be invaded at anytime.

 

[TheCryptoAnt]

kokolokop said:
and what 3rd world countries have small or no crypto tax?
Click to expand...

Most of them, as there's no way they can enforce their own laws.
Just don't draw attention to yourself.

Mexico is quite popular nowadays.

 

[pesto]

TheCryptoAnt said:
Mexico is quite popular nowadays.
Click to expand...

That would be a nice place to be if security is granted and living is good.

 

[void]

pesto said:
That would be a nice place to be if security is granted and living is good.
Click to expand...

granted? 😀
I'll repeat myself... Mexico is no war zone as presented in the western media
even with mediocre money you can have a good life in great weather, good food and high level of freedom

 

[TheCryptoAnt]

pesto said:
That would be a nice place to be if security is granted and living is good.
Click to expand...

That is highly dependent on where in the country you are. Its certain that some areas are basically run by a cartel and might want to avoid them.

Some states are very nice places to live in, great weather, food and the government leaves you alone for the most part.

The locals are one of the best parts of Mexico imo. Very welcoming people.

 

[climbwave]

kokolokop said:
Hey,

To put it simply, I'm looking for a country where I could move to, to avoid paying crypto taxes or pay small crypto taxes. I hold a European country passport that is in EU. And crypto is my only source of income.

I hear the Dubai is best for that, but it looks like to cost of living are too high for me to live there. My crypto gains won't be enough for that.

I hear Portugal is good, but it wont work for me as I trade a lot of crypto and they have high taxes for traders and they are planning on adding more crypto taxes very soon.

Any suggestion where should I relocate to, to be able to live out of crypto trading and having crypto as the only source of income?

Preferably somehwere where is not cold 6 months a year and where I could actually live as a European passport holder.

Anyone?
Click to expand...

Look for Malta, it's nice there.
Have You consider Romania?