Popular Residence Options for Crypto Investors
In many circles, it is presupposed that investors are trying to avoid as much tax as possible on the crypto wealth they’ve amassed or the crypto trading they do to generate a livelihood. And that, in turn, raises lots of eyebrows globally because it makes crypto seem like an investment focused on tax evasion. And that’s a very myopic view. The reality is that countries all over the world — some aggressively — are touting their local tax regimes that tread lightly on crypto profits and crypto trading. By my count, at least 21 countries impose a 0% tax rate on crypto. Others offer relatively low crypto taxation, such as Cyprus, with a 12.5% tax on crypto profits, or Montenegro (soon to join the European Union and where Ethereum co-founder Vitalik Buterin recently gained citizenship), with its 9% tax rate on crypto. As such, the question that guy in Dubai…
