Most Crypto Friendly Countries

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'''AKA, where to build that 100 million dollar mansion.''' # Cayman Islands: No personal income tax, no capital gains tax and no corporate tax on crypto, as crypto gains are untaxed, there is effectively no requirement for individuals to report crypto holdings or transactions, no special citizenship is needed, but local residency (often via investment or work in Cayman) secures these tax benefits. # Bermuda: Individuals incur no taxes on crypto. no income tax, no capital gains tax and no VAT on digital assets, crypto trading or mining profits are tax-exempt. Residents are not required to report crypto gains. To benefit, one must be resident (Bermuda grants work or entrepreneur visas); # British Virgin Islands (BVI): tax-neutral British Overseas Territory. BVI has 0% personal income tax, 0% capital gains tax and no withholding taxes on virtual assets, residents do not file crypto gains in any tax return. One must be resident (often via work permit or investment) to gain these benefits. Complete tax neutrality for crypto, strong privacy in financial services. Cons: crypto businesses face AML/CFT regulation. # Hong Kong (SAR): Platforms must register with the SFC, but private ownership is unrestricted. Hong Kong has no capital gains tax on any assets, including cryptocurrencies. Individual gains are untaxed, therefore individuals are not obliged to report crypto gains to tax authorities. One must be a Hong Kong tax resident (≥60 days) to benefit. # Georgia (country): individuals pay no income or capital gains tax on cryptocurrency sales, with no crypto tax, there is no reporting requirement for individuals’ holdings. Residency can be obtained via investment or Georgia’s digital nomad visa. # El Salvador: Legal Tender: Bitcoin is legal tender (since 2021), with government-backed infrastructure like the Chivo Wallet. Tax-Free Gains: No capital gains tax on crypto transactions. Volcano Bonds: Plans to issue Bitcoin-backed bonds to fund geothermal energy projects. In September 2021, El Salvador made Bitcoin legal tender alongside the U.S. dollar. Crucially, all capital gains from Bitcoin are exempt from tax, especially to encourage investment. Other cryptocurrencies remain legal as property but gains on them also aren’t taxed. There are no reporting requirements for crypto gains. In 2022 El Salvador also launched a “Bitcoin Visa” program granting citizenship to those who donate at least $1M in BTC. # Singapore: Tax-Free Gains: No capital gains tax or tax on crypto for individuals; corporate tax rates are (17%). Singapore treats cryptocurrency gains as capital appreciation, not taxable income for long-term investors. Individuals are not required to file crypto gains. To benefit, one needs to be a Singapore tax resident (typically ≥183 days stay). # United Arab Emirates (UAE): Tax-Free Zone: No personal income tax and no capital gains tax for indviduals; Dubai and Abu Dhabi offer crypto-friendly free zones (e.g., DMCC, ADGM. DIFC). Accordingly, personal crypto gains are not reported. Residency (through employment or investment visa) is required; a new golden visa can be obtained via substantial investment. A 5% VAT still applies on goods/services, including crypto purchases. # Portugal: Tax-Free Gains: No capital gains tax on crypto held for personal use (taxed at 28% if traded as a business). !! Decentralized Exchanges (DEXs): These platforms facilitate direct peer-to-peer trading without intermediaries. # Uniswap # SushiSwap # PancakeSwap # LocalBitcoins # Bisq # ShapeShift # Changelly # BitMEX !! Peer-to-Peer (P2P) Platforms: # LocalBitcoins # HodlHodl # Binance P2P # Paxful # WazirX !!Centralized Exchanges (CEX) Limits, trading or withdrawing above a daily limit can trigger KYC usually $20,000 daily or 1BTC. # MEXC # CoinEx # PrimeXBT # BingX # Deribit !!Coins # Bitcoin # Monero # Ethereum # Tether USDT !Tax-Free Stock/Forex Trading 1. United Arab Emirates (UAE): no personal income tax or capital gains tax. Both resident and non-resident individuals pay zero tax on investment income. (UAE has a 5% VAT on goods, but not on investment gains.) Because there is no personal income tax, there is no requirement to file or report investment gains to UAE tax authorities. To benefit you must become a UAE tax resident (e.g. on a work or investor visa). Residency typically requires ~183 days’ presence or an approved business visa. Free‑zone and Golden Visa programs make it possible for wealthy investors to reside without UAE-sourced income. 2. Monaco: no central bank and most investment is done through international brokers. No personal income tax and no capital gains tax on resident individuals (except French nationals, who still pay France’s tax). “There is no tax on investment income, capital gains, dividends. Because all such gains are untaxed, individuals generally do not file capital‑gains declarations in Monaco. (Monaco’s new CRS “tax certificate” only certifies residency abroad for other jurisdictions’ benefit, but doesn’t create local tax reporting.). Monaco residency is hard to obtain. Applicants must usually make a large bank deposit and reside ~6+ months/year. A residence card is obtainable after 6 months living there. 3. Singapore: Singapore is a major financial center. No capital gains tax for individuals. Profits from selling stocks, forex, or other financial instruments are generally considered capital (not income) and not taxed. (If a person is deemed a “trader in securities,” their gains could be reclassified as business income, but for passive investors all gains are tax‑free.) There is also no personal wealth or inheritance tax. Non-taxable gains do not need to be reported on a tax return. 4. Hong Kong: Hong Kong is a global brokerage hub. No capital gains tax on individuals. Personal investment gains (stocks, bonds, forex, etc.) are not taxed. (By contrast, business/trading profits sourced in HK could be taxed as profits, but passive investing is not.) There is also no wealth tax or inheritance tax in Hong Kong. There is no separate capital gains return for personal investments. Investors with no other income typically don’t need to file at all. (Only salary, rental, or business income is taxed.). You must be a Hong Kong tax resident (generally >60 days in the year with a valid visa) to establish tax status. Offshore (foreign‑source) income is also exempt.. Stamp duty on stock trades (0.2% each way on Hong Kong-listed shares, if large gains arise from HK-sourced business or “profit-seeking activities,” profits tax could technically apply, but such cases are unusual for private investors. 5. Bahamas: individuals may trade stocks and forex freely via Bahamian or foreign brokers. No personal income tax and no capital gains tax on residents. Both individuals and resident companies pay zero tax on trading profits. With no income or capital gains tax, Bahamian residents have no obligation to report investment gains to the government. The Bahamas has no tax return for individuals at all. The Bahamas offers a citizenship-by-investment (CIP) program (approx. USD 750k donation or real estate purchase) and a “Annual Residence” permit for significant investors. Spending ~35 days/year may establish tax residency (though there is effectively no Bahamian tax to avoid even with minimal stays). 6. Cayman Islands: trading is legal (though Cayman has no stock exchange for regular equities, most Cayman residents trade through international markets). The Cayman Islands is a leading offshore finance center. Caymans has no direct personal taxes at all: no income tax, no capital gains tax, no wealth tax, etc. As PwC notes, “with no direct taxation, the islands are a thriving offshore financial centre”. All personal investment profits are therefore tax‑free. The Cayman government requires no income-tax filings from individuals. One must be a Cayman resident (via work permit or permanent residency) to legally live there. The Cayman government offers Economic Residency Certificates (by real estate investment) and a residency Certificate of Permanent Residence for Persons of Independent Means. 7. British Virgin Islands (BVI): a tax-neutral regime: no capital gains tax and no personal income tax. As a BVI financial briefing states, the jurisdiction imposes “No capital gains tax; No personal income tax on offshore entities”. No personal tax filing. The BVI maintains strong confidentiality and “limited reporting obligations” for wealth. Residents do not declare their trading holdings or profits. Gaining BVI residency typically involves a work permit or significant investment. The BVI also offers a Cayman-style path: after 5 years of residence or via an annual fee (~US$50k) for economic permanent residency. 8. Vanuatu: residents can freely trade stocks/forex through internet brokers. The country is mainly known for offshore banking and forex licensing. Vanuatu has no personal income tax and no capital gains tax, all trading profits are tax‑free. Vanuatu has no requirement to report financial holdings or transfers. Vanuatu offers straightforward Permanent Residency (via ~US$130k donation or offshore investment) and Citizenship-by-Investment programs. One must maintain residence in Vanuatu to remain in the favorable tax regime. ! Countries with the lowest overall tax rates... '''Combining all taxes, licenses, permits, levies, and so on...''' # United Arab Emirates # Qatar # Bahrain # Kuwait # Oman # Saudi Arabia # Bermuda # Cayman Islands # Bahamas # Monaco ! Banks Status All OECD and G20 countries participate in the Common Reporting Standard (CRS), which automatically exchanges financial account info of non-residents with their home countries. The U.S. does not participate in CRS, but it enforces FATCA (Foreign Account Tax Compliance Act), requiring foreign banks to report accounts held by U.S. persons to the IRS. {pre} | Region | Bank Name | Notes | | ----------- | --------------------------------- | ------------------------------------------------ | | UAE | Emirates NBD, Mashreq Bank | Strong privacy, no CRS, no tax on gains | | Singapore | DBS, OCBC, UOB | Safe, efficient, but participates in CRS | | Switzerland | UBS, Credit Suisse (post-rebrand) | Private banking, but full CRS/FATCA compliance | | Georgia | Bank of Georgia, TBC Bank | Not CRS; medium privacy; open to foreigners | | Belize | Caye International Bank | Private, accepts foreigners, not CRS participant | {/pre} ! Bitcoin ATMs Worldwide See https://coinatmradar.com/countries/ ! OTC There are crypto friendly banks that accept crypto and there are over the coounter OTC, little booths around the world that will exchange cash for crypto and crypto for cash. Hong Kong and El Salvador.
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