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/biz/ - Business & Finance

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55356101 No.55356101 [Reply] [Original]

How do you even migrate to another country without the banks canceling every single bank account and exchanges cancel their debit cards?

>> No.55356118

You use this thing called "Bitcoin", that's one of its use cases

>> No.55356125

Don't unregister from the country. Haven't set a food into Germany for 8 years, still have a residency and 2 bank accounts. Haven't been in Belgium for 15 years, still a residency and a bank account, haven't been to France in 5 years, still a residency and a bank account. You get the idea. Schengen and incompetent over worked bureaucracy be thanked

>> No.55356141

>>55356118
Monero

>> No.55356145

>>55356101
What the fuck do you mean? I moved to England, I still have all my US accounts?

>> No.55356150

>>55356141
that works true, it's even better for this particular use case, the only thing I don't like about monero is it not having a fixed supply

>> No.55356204

>>55356101
You spool up your leave. Plan way in advance since they expect most normals to just be spur of the moment. This means getting ready your ticket to leave a year or two out. Over this period start to migrate consolidated funds from a single institution and spread in to multiple. Begin to draw down in to cash or swap in to your cryptos on a hard wallet. Less suspicious when smaller amounts are transferring. If you went the cash route you're going to have to mail it to wherever you are going to go in increments. Otherwise you have your crypto wallet then when you are in the country you're going to settle start spreading it out. If you have access to credit. Same thing. Take the short term hit by maxing credit and flipping to hard assets and just pay interest for the time being. Sell assets for cash and don't stop paying interest until you're on a plane

>> No.55356400
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55356400

>>55356125
Dont you get attention from every taxman then?
>>55356204
What?

I talk about digital nomading or moving some place like SEA
The banks and most exchanges only allow service when having residency in europe

>> No.55356582

>>55356400
No. The taxman is even more overworked and incompetent than the rest of the bureaucracy, and why should the taxman care about somebody that doesn't work in any of those countries? And non of the accounts receive more money than the max of non taxable ammount anyway over the year. Haven't paid any taxes in 13 years

>> No.55356906

>>55356582
I dont believe this
They would even asks you what you earned abroad to calculate taxes properly, banks and brokers report interest or gains etc

>> No.55356966

>>55356906
Why should they? If no giant amounts and regular suspicious activity happens on the accounts non of the internal warnings get triggered, or do you think some clerk checks my account for every euro passing through it every few months. the banks don't know I don't live in the countries anymore and my broker has the current actual residential address while the tax regime considers long-term investments not relevant for capital gains. I stay modest and fly under the radar, simple as

>> No.55357313

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