Please help a nomad

[BlackJack]

Switzerland is the same. Just draw a cross over that small area of the world known as the EUSSR and its satellites:

View attachment 8089

hey don't put Belarus in!

 

[Houdini]

Depending on numbers, also in Switzerland there are still some OTC solutions for crypto without KYC.

Mind to share in DM ?

 

[GPT]

Mind to share in DM ?

Before disclosing names, ill check first and get back to you.

If you are familiair in the Swiss crypto world then it surprised me that you dont know about this option..

 

[Houdini]

Before disclosing names, ill check first and get back to you.

If you are familiair in the Swiss crypto world then it surprised me that you dont know about this option..

never said that, the opposite is the case.

 

[dany]

What about Ddominican Republic or Costa Rica @CrossedOut . Both are territorial tax countries and Costa Rica offers a digital nomad visa .

Do you really want to live there as an western European ?

 

[JohnnyDoe]

Do you really want to live there as a western European ?

It’s perfectly fine and both countries are quite packed with Western Europeans.

 

[EliasIT]

Really, for 500k ?
Do you have some ressources about it ?
I will double check from my side too. I discovered that if I invest at least 300,000 GEL (about 100,000 euros) in real estate in Georgia, it will make it much easier to become a tax resident.

Georgia speak English ? Can I live here by speaking english only ?

What real estate do you get for 100K euro ? something worth living in or just ghetto home ?

 

[avalanche]

What real estate do you get for 100K euro ? something worth living in or just ghetto home ?

It should be the price of a normal 30-50sqm apartment depending on location.

 

[krispy]

I've found this about Slovenia ;

Tax law proposal:

The Slovenian Ministry of Finance has launched a public consultation on a proposed law to simplify the taxation of cryptocurrencies. The main points are:
- A flat tax rate of 10% on crypto-fiat conversions and cryptocurrency payments.
- A high exemption threshold of €15,000 per year, below which no tax would be due

Comparison with the current system:

Currently, there are no specific provisions for the taxation of cryptocurrencies in Slovenia. Individuals are generally not taxed on their cryptocurrency gains

Key points of the new proposal:
- Single rate of 10%: Would apply to all fiat currency conversion transactions and purchases made in cryptocurrencies
- Choice for individuals: Option to opt for either 10% taxation on the overall transaction amount, or 25% taxation on profits made
- Exemption threshold of €15,000: Property higher than the French threshold of €305
- Scheduled implementation date: January 1, 2022

-----

This country seems to be great.

This was a proposal from a previous government. This never went into affect. So currently it's still 0% tax on profits, although you better have all the paper trail ready in case of cashing out large amounts.

Track record of the current government is mostly to increase taxes and add taxes where they didn't exist yet. So expect to have taxes on crypto on-pair with capital gains tax (25%) in the next 2-3 years.

 

[lili247]

Malta is the easiest, no CGT on crypto as a non-dom.
The 5k€ tax payment is if you have more than 35k€ of worldwide income.
Selling crypto is capital gains, not income.

Cyprus, it’s unclear how crypto is taxed, some say it’s tax free, some say it’s taxed at the progressive income tax rate. IRL you probably don’t risk much, but there is less uncertainty in Malta.

Switzerland, it seems that it’s VERY easy to get requalified as a « professional trader », so it’s too hazardous for my taste. Like if 100% of your gains are from selling assets, I’ve read that you can be considered as a professional trader even if you don’t trade. Feel free to correct me if I’m wrong.

 

[dirtyharry]

Cyprus, it’s unclear how crypto is taxed, some say it’s tax free, some say it’s taxed at the progressive income tax rate. IRL you probably don’t risk much, but there is less uncertainty in Malta.

@CyprusBusiness may know what crypto is taxed?

 

[CyprusBusiness]

@CyprusBusiness may know what crypto is taxed?

Cryptocurrency taxation in Cyprus is governed by the general provisions of several existing laws, as there is no specific legislation targeting cryptocurrencies. For instance, the Income Tax Law (118(I)/2002) is key to determining how income from cryptocurrencies is taxed, and in the absence of legislation to explicitly provide a differential treatment for cryptocurrency, the general provisions of the law apply. Under this law, income derived from professional or habitual cryptocurrency trading, mining, or other business activities is considered taxable income and is taxed on individual basis on progressive tax scale or if traded under a company, at corporate tax rate of 12.5%. Articles 5 and 26 of the law outline taxable income sources and allowable business deductions, respectively.

The accounting/tax practice in Cyprus varies but the common risk averse position is to consider active crypto trading as taxable. Currently there is no ratification or law to cover tax treatment of cryptocurrency hence the practice follows general accounting provisions which consider cryptocurrnecy as inventory or intangible assets.

Hope this helps.