I'm currenty living in Norway. Here we have to pay 24 percent taxes on cryptocurrency profits, and in addition ca 1 percent each year in wealth taxes (i.e., if you own 50 BTC you have to sell 0.5 BTC each year to pay the wealth tax). Because of the tax burden I'm seriously considering moving to another country. Any suggestions?
I also looked into this since I have a lot of BTC to convert to fiat.
This is the shit list. I wouldn't live in any of these countries. Either they are 3rd world or their laws are too strict. They all seem to have problems...
Algeria
UAE
Bahrain
Jordan
Israel
Iran
Egypt
Saudi Arabia
Then I found out that the Caymen Islands also has zero percent tax on capital gains. I'm considering moving there into a nice beach house.
All these countries have zero taxes on Bitcoin profits? If I had to pick one of these, it would have to be Israel. But I'd much prefer living in a non-shithole country with moderate taxes (maximum 20% capital gains and no wealth tax).
(I don't think Israel is a shithole, but all of their neighbours are)
Cayman is very isolated and very expensive. Especially if you want to go back and visit your family and friends now and then.