Make 500k € from BTC

there's no such thing

you are trying to hire boomers to tell you about bitcoin, they don't know shit, nobody does.

>can type in english
>too retarded to know that entire southeast asia speaks english

enjoy paying for merkel to keep packing mudshit terrorists into europe cuck.

>too retarded to know anyone that isn't a turboautist would be depressed at living in some shithole leaving your life behind your country
kys

Move to Denmark, Belgium or Slovenia for a while. These countries, well, apart from brussels are white and have 0% tax on cryptos. I'm going with Slovenia as the cost of living is extremely low and it's cosy af.

>tfw Netherlands
>tfw 1.2% tax on cryptos (but only if you have more than 10.000 eurocoins in crypto)

but what's the goal?

i want to live here man, my entire life is built here, i dont want to leave

the taxes i would save, i would lose them in life quality

- Don't cash out everything in one year.
- If you're a NEET loser who's never had a job, see if you can retroactively use tax space from lower years.
- Open up a tax-free retirement account and put as much into cash or stocks as you can
- Convert it to Monero, use Monero to buy weapons from Serbia and then oust the government.

too much of a fucking faggot pussy to leave your home and get off mommy's titty. lol you are a fucking loser. Enjoy getting fucked up the ass by your government cause it's probably the only time you getting any action.

>lower years
I meant previous years

32% in my country when it's above 20k, I know your pain senpai

get lawyers who do inheritance

you're retarded it's not income tax it's capital gains dipshit, it's caped at 21%

You can transfer your own assets from one country to another for pretty much free if you earned the money legally in the other country and are a resident of that country for tax purposes. So this is what you do. You somehow get a visa for Singapore. Live there for more than 6 months of the year. Now you can declare you’re a resident for tax purposes. Now you cash out into a Singapore bank account as they don’t tax crypto, and then transfer it over to your Spanish account. You’re legally not a resident of Spain for tax purposes for that year so you’re not legally obligated to pay tax on your money.

if apple, microsoft, fb, and every other corporation can make an offshore llc to avoid tax, why wouldn't you? create a cayman's company, """donate""" your crypto to said company, the company trades it for fiat. congrats, you got 0% capital gain

We are slowly getting there...
Don't be a lazy mañana ass and do your homeworks...

cashing out in fiat is really dumb

he biggest gains in crypto aren’t from pumps but from inflation resistance over time

1 million euros loses almost 60% in 40 years vs. 2% yearly inflation

desu i wanna be able to cash out one day to buy a house

>the taxes I would save, I would lose them in life quality

Welcome to the 21st century.

seriously, this guy is an idiot if he can't figure a way to cash out.

Lol how stupid are you.
That advice is for neets making 5k not someone making 500k

This is not true. All of those tax crypto. Best bet is Bulgaria. Easy to get residency for EU citizens, 10% flat tax on everything, cheap as fuck

Singapore would be awesome but how do you actually get a visa without a job there??

>Best bet is Bulgaria. , 10% flat tax on everything
holy fuck it's true
also, you don't need residency as an euro, you only have to live there, according to spanish constitution you only are meant to pay taxes here if you live here over 150 days a year or generated your income in the country, I'm guessing it's similar on other countries, simply moving there for a year should be enough
what I don't see is how the fuck will you deal with the administration with their fake alphabet and thirdworlder language

Yeah I spent a lot of time researching this
Only countries that have guaranteed 0 % tax (on both trading and holding) are Monaco, UAE, Bahamas, Cayman Islands and similar Caribbean Islands. Germany, Singapore and others have 0% on Holding but not trading. Some countries (Thailand for example) even try to take VAT on trades, or try to tax trading as income.

So my conclusion was that if you trade, are EU citizen, the cheapest and most simple option would be Bulgaria. You simply hire a law firm to deal with all that stuff.

what about paraguay

Andorra has 10% too and it's only 200km away from where I currently live, aparently need a work permit first unless I go for the pay-for-citizenship, which I can afford before cashing out, maybe I'll try to get a job as shop clerk or something there, if I can avoid 100k+ on taxes it's worth

Yeah that one could be good too, they have territorial taxation IIRC so you just have to make sure your gains are not considered "local sourced" (you have to check with a tax advisor how this is determined, problem is that almost none of them understand crypto)
Also you can get permanent residency by depositing 5k in a bank there.

But for me it is really far and the bureaucracy there seems to be a pain in the ass.

1. don't tell anybody
2. go on holiday to thailand and make bank account there
3. cash out
4. go back to spain

*steps 2 & 4 entirely optional, you fucking pussy

Nice man, I looked into Andorra as well first, but the problem was the work permit. How much was the pay-for?

half a mil in real state or a company, 50k on bonds
I meant I can't afford it on my previous post, typo

ty 4 the info

OP im not in spain but i am close to your country.

Do business elsewhere, use a vp.n etc. they'll never know. im being legit here

1. In theory owe income tax on it in Thailand along with VAT.
2. Thailand implements AEOI in the near future
3. Tax authority in Spain will automatically receive all your account details from Thai Bank
4. Get audited for tax evasion

Do you really think in 2017 you can just hide half a million € very easily like that?

oh and something I've never found answered before and has been bugging me, aparently all countries ask for a minimum days of residency for that country taxation to be applied/mandatory, ranging from 90 to 200, what happens if you have a bank account offshore and just travel all year round? what country would come knocking for taxes?

> don't cash out to Jewiat
> Use BTC when it becomes common usage / spendable in anything you were wanting
not the best solution but hey no taxes.

Yeah neither can I then... I'm talking to tax advisors about Malta, but haven't received a reply yet how crypto taxation works there..

What about the language barrier in Bulgaria?
I need to stay there for at least 6 months during one tax year, or else I have to pay taxes in my home country.

Well that is a complicated issue and I'm not entirely sure. But I think it goes like this:

- if you just leave your home country and start travelling then you are probably considered tax resident there (because your strongest ties are there) at least for some years but this depends on your country. I'm not sure if you can be legally not resident anywhere, I think it's a gray area for now.

There are however countries where you can establish residency without being physically present. One example is Panama

>>be from spain

Start with this problem

I have no fucking clue user, I don't know a single word of Bulgarian but I'm just gonna YOLO it.

I have heard almost all young people speak english there

Come to Chile, crypto is not regulated here. Go to a city in the south, (Santiago is shit) if you have money it’s a good place to live.

say you are doing a documentary or some shit

Come to portugal, faggot

apparently there are very limited quotas to residency through working permit

people tell me about portugal... can you ellaborate???

I hear good things about Estonia

Yeah that's what I thought
anyway good luck to you, fuck paying almost half of the gains from something as risky as crypto, when the money you put in has already been taxed once.

looks like OP already left, and of course he was a larping fag.
anyway, y'all niggas need to understand avoiding tax is different than evading tax.

>
>Lol how stupid are you.
>That advice is for neets making 5k not someone making 500k
>
>This is not true. All of those tax crypto. Best bet is Bulgaria. Easy to get residency for EU citizens, 10% flat tax on everything, cheap as fuck
Belgium does not have capital gains tax you retarded fuck
t. Belgian

>implying that bitcoin is not considered speculation and taxed under income tax

This guy gets it

Why don't just build a virtual country with virtual law and virtual citizenship?

>tfw live in state with no income tax
Feels gut my dudes.

secondlife

>Country that's great to live in has high taxes

Causes one to ponder

Where do you live Senpai?

Move to Texas. Spend your gains on boomsticks, land, and cowboy hats. You already speak both languages that state uses. Also the shotguns you can buy there would do a number on your brain if that's still what you want.

Additionally, Texas has no income tax. Have fun, user.

Come to Slovenia. 0% tax... feelsgoodman.jpeg
we're in the EU btw, so you can come without passport

Sell Bitcoin to people face to face.

t. Finn who sells it this way

And how do you prevent them from giving you fake money?

give them fake bitcoin

Who is this? Can I get a quick rundown?

Who the fuck cashes out?

If spanish law is similar to french law you can speand the year somewhere where the taxes are lower, cash out and come back in Spain the next year.
Study the question seriously, i doubt there is no way for tax evasion.

>Daddy spain, notice me senpai

why are you brown people so subservient to people from Spain? Just because you are brown and Spain raped your women doesn't mean you have to threat them like gods you know?

if you have 500k euro i have no idea why you haven't moved it through either a tax haven or just move

>
>the taxes i would save, i would lose them in life quality

Now think hard about what that tells you about paying your taxes

duuddee!!! I know this girl she fucking tried me before my gf. she has a kid now with some black dude