How to Reduce Taxes for Investors & Crypto Investors_2
The most obvious way to tax immigration is to move to a country that does not tax its residents. The most striking example is Dubai (UAE) - a region with preferential taxation and a high-tech hub for remote work around the world.
Dubai maintains zero corporate and personal tax rates, is quite favorably located for representatives of different countries, allows investors & crypto investors to obtain a remote work visa, register a business and, as a result, protect themselves from possible claims of tax authorities at home.
Recall that the remote work visa allows multiple entries, but without the right to stay outside the emirate for more than 6 months continuously, which allows you to obtain a UAE Tax Residency Certificate.
But it is one thing to live in Dubai for several weeks, and another to stay for a long time. Not everyone can pass this test.
The Principality of Monaco offers to take advantage of the benefits of zero taxation, but living costs can more than offset any tax savings. And not everyone can become a resident of Monaco.
If you are not afraid of the idea of living on an island, then you can take a closer look at the Republic of Vanuatu - a country located in the South Pacific Ocean. Vanuatu is a jurisdiction that is often called the Bahamas in the Pacific Ocean and which offers one of the "fastest and most affordable programs" for investment migration (the purchase of a passport will cost from 130,000 USD, the term - from 3 months).
On the territory of the Republic, taxes are not levied on income, property and inheritance; the banking sector is well developed. The passport provides visa-free travel to Schengen, UK, Russia ...
The Republic, after a long rejection of cryptocurrency recognition, is now offering financial dealers a license that covers all cryptocurrency trading-related activities, including the creation of an exchange.
A working idea? In general, yes, but again - only for a narrow circle of enthusiasts.
So is there a way out of this situation?
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