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1. 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.
2. 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);
3. 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.
4. 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.
5. 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.
6. 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.
7. 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).
8. 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.
9. Portugal: Tax-Free Gains: No capital gains tax on crypto held for personal use (taxed at 28% if traded as a business).