Post
Topic
Board Legal
Re: Which country to Immigrate for making fortune in crypto currency
by
STT
on 22/05/2018, 16:03:18 UTC
Tokyo is just one part of Japan and I think its cheaper then London now not sure.    Japan overall has a declining population and likely they need growth in their working population for continued success.   In theory it shouldnt be a bad place to locate however I dont believe its easy to learn or to integrate exactly and there is a long history of Japan being isolated.
I only know of one friend who moved there and its mostly because he is married to a Japanese woman which probably makes a massive difference.   Not sure Im clever enough to learn a language like this late in life but my friend teaches English as a job now.  (it takes more then money)

I wouldn't choose any former soviet union country for a place of permanent residency. Many of them, including Belarus, use different alphabet and have their own local currencies. I'd describe most of those currencies as weak and not the best stores of value.

this thread is ridiculous. for 200,000 dollars i probably wouldn't move to a town 10 miles away i didn't like, let alone a 100% alien country that's also backwards and repressive.

there are some real cheapskates out there happy to ruin their life to save a little bit of money.

well there is also Puerto Rico which is US territory not a state and is tax free of federal income taxes for US citizens.  Quite a few from crypto community operate here now apparently

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.


The major point to realise here is the profits you have already occured.  Its possible the taxman will not recognise you moving after the fact.    Going forward you would not pay taxes on your gains after moving to the tax free area but to realise profits from an old holding of Bitcoin, this might still be liable.    Speak to a professional accountant is probably best