Quote from: pawel7777 on March 23, 2023, 10:44:23 PM

Quote from: zasad@ on March 23, 2023, 01:50:54 PM

Quote from: TraPole on March 23, 2023, 01:20:10 PM

Tax Avoidance Possible but in a few countries. Depends of your passport and residence too. For example Georgia - 0 fees on crypto income, but it can changed in any time. Passport - you should declare your income in your country of residence.

One of the option is: Come to the country where there are crypto exchanger (like Georgia - Tbilisi, i heard also there are a few in Turkey), send them crypto and get cash.

Anyway - the more totalitarian government (USA, EU for example in my opinion) you have the less chance to explain where did u get funds. The less "formed" government you have then easier to explain the source of income \ hide income

Even if you change the cryptocurrency in Georgia, it will not help you. If you want to buy real estate in Georgia, then the tax office may ask you for a source of financing.
The cash withdrawal limit from Georgia is no more than $10,000.
Cryptocurrency can be exchanged for cash without problems in most countries, but it is much more difficult to legalize income.

I don't think Georgian authorities would care that much about the source of your income when buying a house if you are not a tax resident in Georgia.

Like a Russian proverb: "Hope dies last" (C)
How naive a person needs to be to hope that the tax office of another country will not notice the purchase of real estate by a foreign citizen and will not ask his source of financing.
Georgia is a very good country with a good climate, but in order to live there, you need to take into account many nuances. Therefore, I always advise legalizing income through a business in your country.