ZERO Crypto Taxes in 2 Weeks (Secret Country)
Jason 0 Comments Retire Wealthy
if you want to pay 0% crypto tax legally and you don't want to go to Dubai or to any other taxfree specifically for crypto country you don't want to stay in Europe you want to find somewhere off the beaten path that is also fast it's not a place you need to live 6 months a year and you can do all of this legally it's not Malta it's not Cypress it's a beautiful island country of Barbados Barbados has a specific provision in the tax law that allows a foreigner who has a valid residency permit and a valid tax number to become a tax resident of Barbados without living 183 days per year in Barbados because it's hard for most people if you like Island life if you like slow living if you specifically love Barbados maybe that's easy for you but for most people for Canadians for British citizens for Europeans for other Latinos who want a tax residency somewhere where they can cash of their crypto taxfree Barbados offers just that they have a specific process you need to follow step one is to create a company in Barbados that company cannot be crypto related it can be marketing company it can be a consultancy it can be an IT firm whatever you want it to be you incorporate that company and then you get a job under that company as the Director so you get a work permit as a director of your own company essentially what we do in Dubai the same process this can all be done remotely from anywhere in the world you don't have to go to Barbados for this specifically you do have to go to Barbados to get the residency permit you have your residency as the owner and director of that company essentially you have employment under your Barbadian company then you get a residency from that employment same thing with do in Dubai same process with the free zone company and getting AA that we and then once you have your residency permit then you can apply for a tax number this has to be done in Barbados it takes from 2 weeks all the way to a month you have to spend that time in Barbados you can take a month vacation explore all the island enjoy the beautiful weather Barbados is an island that is absolutely beautiful and it's also slightly outside of the hurricane belt in case there is a massive hurricane people are very welcoming it's relatively developed and you're not going to suffer for that month while there once you get that tax number now there are no physical presence requirements for you to stay a tax resident of Barbados Barbados has no crypto gains tax no wealth tax no inheritance tax and a very low corporate tax rate of 9% the company that you opened in Barbados now has the same tax rate as other great jurisdictions like Hungary 9% UAE 9% but it's much closer to home if you're from the US from Canada somewh Latin America also from the UK straight flights to Barbados and it's also a jurisdiction that is not going to be looked upon with a prud this people are not going to think oh he has a company in Barbados he's definitely evading taxes no he has some interest in Barbados maybe he likes Barbados is not thought of as an island that people hide money in and it's not also a citizenship by investment island people don't think about it that way because there is no CBI program there is nothing special in terms of immigration about Barbados this is why this is the Hidden Gem program no crypto gains tax if you're making millions hundreds of millions of dollars in crypto gains and you're from Canada get out of Canada get your residency in Barbados and then the caveat here is that you can't go spend the rest of the year in your other country you can't just get tax residency in Barbados and then go live in Canada again obviously Canada is going to continue to tax you so you have to find another call you could spend time in Mexico in other parts of Latin America you can go spend some time in Europe Nomad around different countries and then have your main tax residency still in Barbados if you want to actually cash out your crypto let's say you made a million dollar from Bitcoin gains and then you want to cash that out you have your tax residency in Barbados you can cash out to local Barbadian Banks you can cash out to other C Ian jurisdictions like Bahamas like Cayman Islands or you can open online accounts like wise and revolute although you have to be very careful because wise and revolute do close down accounts if you send a lot of money from crypto exchanges and you specifically say this is from crypto gains they most likely will freeze your account restrict it in some way or just outright ban you from the platform so you have to be very careful how you cash out cash out in small amounts don't cash out too many times in a day or in a week but you can do this you can cash out millions of dollarss either directly in Barbados by having a Barbados tax number tax residency you're not paying tax anywhere as long as you're not spending 6 months there and you're very careful about how long you spent in your home country this is the program that nobody talks about this is the program that is possible for anyone around the world wants a quick tax residency that is legal and wants to pay zero taxes a little bit of hassle you do have to spend time in Barbados but it's simpler than any other program I've seen now some negatives about barbos that you might not like because not all fun and roses and happiness Barbados is very hot and humid so if you come from a mild climate or you don't like that extreme humidity that extreme heat from the Caribbean then spending a month in Barbados can be held literally so you do have to take that in mind Barbados is also an island so it can be very backwards sing it can be very slow I come from Puerto Rico and things are way slower than on the US Mainland so going from Canada from the UK from anywhere to Barbados it can be a lot slower obtaining your tax residency number they can say it's 2 weeks but in reality it takes a month things take longer things are done slower things are done in Island time if you're going to meet a lawyer in Barbados that will probably be longer time frame of waiting for that lawyer of waiting for documents to be process overall you have to get used to that slower pace of life and Barbados is also quite small so you might get really bored during your month there while you're waiting for your tax number while you're waiting for your residency perment you might think oh my God there's nothing to do oh there are a lot of natural things there there's a lot of beaches obviously there's beautiful mountains beautiful jungle that you can explore but it might get really boring really fast if you want to pay less taxes on your crypto gains make sure to click the link in the description and join our private Community we talk about best countries for crypto best countries for taxes in general people tell their stories about living in specific countries around the world in Hidden programs like this one make sure to join it to get all of the private information private contacts private networking it's going to be extremely valuable and if you want to see other countries around the world that will benefit you for your crypto gains the top countries around the world for crypto investors crypto Traders crypto companies check them out right here the top countries for crypto I made a huge list on all the countries that I recommend for you to pay less crypto taxes have more crypto Freedom have easier ways to cash out check them out right here
