/biz/ - Business & Finance

>>27989932
Been thinking of this aswell

>>27989932
why not go to Japan instead?

>>27989932
whats the minimum "get-in" price?
Lichtenstein will give you citizenship after 400k worth of investment, after that your capital gains tax is less than 1%

>>27989932
Can I open a bank account no question asked if I am an EU citizen?
I'd really like to know

>>27990515
Why Japan? Explain.

>>27989932
multiple EU countrys dont tax crypto why would you move to malta?

>>27989932
It's not worth moving to Malta if you've only got 100k to cash out. I think moving abroad would only be profitable when you're around the 300k€ mark.

>>27989932
Been on Malta few times. Place is very comfy and relaxed. I'd live there just for a quality lifestyle.

>>27990760
of course, but check first your country's laws if you need to inform your Central Bank of accounts held abroad (even in the EU). Also, if you are a resident of another EU country, Malta will share your information with your country. The only way to cash out in a safe manner is becoming first a malta resident (or Portugal or whatever), and then cash out. Then maybe you need to wait a prudent amount of time before coming back. I think Portugal makes more sense as you can officially become a resident, rent a cheap room, but since it is a land border then effectively live in your country.

Bump

>>27990691
What can you even invest in in Lichtenstein?

>>27992483
financial services

Bumb

>>27989932
>>27990454
Because some countries i.e. Scandis, Germany, France and Ned levy an exit tax on INDIVIDUALS, so it's not that simple.
>>27990515
Because it's way easier for an eu citizen to just move there(and by move you also need to make malta the CENTER OF YOUR VITAL INTERESTS, not just renting a mailbox).
>>27990760
Good luck opening a bank account in malta
>>27992003
Non Domiciled residents don't pay any taxes on capital gains remitted to the island, there's a 5k flat tax though.

>>27992483
LCX

>>27989932
I live in Poortugal. 0 taxes in crypto.

I lived in Malta for 8 years, its a shit hole full of migrates and local are very slow and retarded fat inbreeds. It gets boring after few weeks, infrastructure is fucked. Overpriced. And you need 1Mill EURO legal money to buy citizenship in this shithole.

Portugal

>>27991905
Only Malta and Portugal are tax free.

Germany is taxfree after holding for a year.

All others tax.

>>27992144
good post

>>27990760
Outside of Malta, yes.

>>27990691
What a fucking burger question. EU-citizens can move to Malta at any time. No golden visa, where you have to pay.

Otherwise it is €750k in Malta.

>>27993317
This

>>27992679
>Non Domiciled residents don't pay any taxes on capital gains remitted to the island, there's a 5k flat tax though.

That is the dream. So, I can cash out to an off-shore account outside of Malta. Then remit it back to Malta and pay 5k flat tax up until €35k.

Any lawyer in Malta that can help me with this?

>>27992860
Only for private investments. As soon as you earn more trough crypto than your day-to-day wagie you will be taxed according to business taxation.

>>27989932
So say that I'm an EU resident, and I hit that last x10 required to cash out. What are the steps?
1. Get a flight to Portugal/Malta
2. Get registered as a resident, get an apartment and a bank account there
3. Cash out to said bank account no questions asked
4. Keep the account and use only that from now on / move the money to my normal account(?)
Is that it? I can do that in like 3-4 weeks...

>>27992698

>>27993922
Here is a quick rundown for Malta:
1. Get flight to Malta
2. Get registered (1 year rental contract, job/€15k to show for, private health insurance for €20 a month min.)
3. Cash out to bank account ***outside of Malta***
4. Keep the account

Lately, I have been thinking that you could cash out to the country you want to move to next.

If the bank or anybody asked them where the money is from, show them fabricated receives/real receives and show them that it is all legal in Malta.

No questions asked.

>>27993922
You have to reside there for 6 months before cashing out

>>27994569
I mean 6 months for Portugal

>>27994569
Why?

I can cash out after getting the Malta ID to open new accounts anywhere. Who will check?

>>27994266
>3. Cash out to bank account ***outside of Malta***
So I'll need an offshore account too in a place with no capital gains tax if I get that right.
So [Account in Cayman Islands / Caribbean] => [Account in Malta] => [Account to wherever I want to be at]
Did I get it right?

>>27994635
Ah yes, this is more like it.

Not in Malta.

>>27993922
1. yes
2. yes/no
it is not just a matter of residence as the place you live; there's a rule among oecd countries of "closer connection" "center of life and business", meaning your children, spouse, fiancee, friends, online groups, social media posts, stadium/gym/pool membership, real estate either owned or partially controlled have to match your residency.
Plus many countries impose a so called exit tax for individualds.
3. Cash out while proving and tracking every crypto to crypto transaction (source of funds), prepare to have your account frozen by having a spare account ready
3/4 weeks more like 6/12 months and only AFTER spending at least 1 year in the new country while NOT cashing out as to not arise suspicion from your home country.

TL:DR
the process is lengthy and not cheap; it is always better to hire professionals who have already gone through the steps above rather than savings a few thousands.

>>27994700
Yes, if you cash out inside of Malta you will have to pay the flat-tax of €5k up until €35k per year.

Which, to be honest, is not that bad. But it is zero if you do it outside of Malta.

Account in Cayman Islands/Georgia/Singapore=> Wherever you want to be.

No need for Malta.

>>27994762
>only AFTER spending at least 1 year in the new country while NOT cashing out as to not arise suspicion from your home country

Depends what your home country is. For me it is Denmark. No danger there. For Burgers it is hard.

Anyone familiar with tax rates/cash out plans for SEA countries? I'd like to retire there.

>>27994802
The tax is levied only on income, if you prove that you're cashing out capital gains (sold crypto on an exchange, sold stocks/etf on a broker, recieved dividends/royalties) then there's no tax whatsoever.
You also NEED to have an account in Malta just to show tax authorities that you live there and spend on things like groceries, rent and utility bills; the money you deposit on the account MUST come from sources above IF you don't want to pay taxes on it, OTHERWISE any amount that comes in has to be taxed.

>>27994958
French,German and Italian tax authorities are no joke when it comes to big sums, I'm glad to hear the danes have a laxer approach

>>27993317
This, and Portugal will start taxing
I don't know that Malta is tax free though, anyone have real confirmation on this?

>>27995232
Yeah, Malta is a complete meme for being the to-go cashout place.

>>27989932
the catch is that usually your home country will maintain that you're tax liable unless you move away for x number of years

>>27994569
>>27994635
This isn't true at all, you could cash out immediately. The important thing is how quickly you return to your home country (or the country you came from). If you going from the UK to Portugal, you don't want to go back to live there for 5 or 6 years to be completely safe.

Hungarian fag here, cashed out around 6k $ from coinbase via sepa and didnt pay a penny in taxes

>>27989932
Isn't Malta run by the mafia and locals treat you with suspicion and coldness if you are not native?

>>27995232
>This, and Portugal will start taxing
Source