π Global Crypto Tax π
You need to know that tax rules around the world differ from country to country and itβs not as easy as just popping onto a plane and offloading all that crypto for tax-free gains. However, as a general rule of thumb, if you are a non-resident individual, for a certain period of time, you usually wonβt be liable for capital gains tax and income tax generated overseas.
π»πΊ Vanuatu π»πΊ
This archipelago is home to zero percent capital gains tax rates. Yes, those amazing tax benefits sound great. However, if you are not into nature then there is frankly little to do here. Also, as everything is imported, the cost of living isnβt as cheap as you might think.
π¨π· Costa Rica π¨π·
This is yet another location with no capital gains tax. That means you can trade crypto to your heart's content here and avoid that taxman. Costa Rica is also the most biodiverse place on the planet; a massive plus for nature lovers.
π΅π· Puerto Rico π΅π·
This one is for US citizens. Here there is 0% capital gains tax. However, if you want to stay, youβll need to buy a property within two years of residency. That requirement has sent property prices skyrocketing, which means this isnβt the cheapest long-term option out there.
π΅πΉ Portugal π΅πΉ
This EU country doesnβt have any crypto related taxes. Itβs got vibrant nightlife, great weather and an affordable cost of living. What more do you want?
π²πΎ Malaysia π²πΎ
Unless you are running a crypto trading business, you wonβt be paying tax on those crypto gains. Malaysia also turns out to be a relatively safe place to live and the cost of living is only around $2.5k a month. There is also a ton to do in the capital KL.
π¦πͺ Dubai π¦πͺ
There is no tax here whatsoever. Itβs also a bit of a playground for the wealthy too – perfect for those crypto go-getters.
π²πΉ Malta π²πΉ
This is a place for the hodlers. Day traders are taxed at 35%.
π¨π Switzerland π¨π
There are no capital gains taxes here for individuals. However, Switzerland is one of the most expensive places in the world to live.
πΈπ¬ Singapore πΈπ¬
This country has 0% capital gains tax. The problem is that itβs tricky to get residency, which may rule this great city out for the majority of people.
π§π² Bermuda π§π²
There are no crypto taxes here whatsoever. The downside is that the population is only around 60,000 people, meaning there is little to do here except chill on a beach with mountains of cash.
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π Disclaimer π
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensedh financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
