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RE: The most crypto-friendly countries

in LeoFinance3 years ago

You forgot Portugal. Portugal does not tax personal crypto income at all unless it is someone's main source of income. Out of the normal European countries, Portugal is probably the best possible country to live in for a someone who earns supplementary income from crypto.

Andorra is a tax haven in the Pyrenees between France and Spain that does not tax capital gains at all and that only levies income taxes at a rate up to 10%.

If you're a crypto whale, you may want to settle in Monaco.

Outside of Europe, the Cayman Islands along with a few other Caribbean island countries, is a tax haven. The Cayman Islands have no taxes whatsoever.

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Don't make too much of a fuss about Portugal because the way I know that the country is managed, crypto taxes should soon appear.
They are just waiting to see the position of the European central bank to know what to do.

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Too bad for Portugal. The Portuguese government is dependent on the ECB to buy their bonds. Not much room for negotiate. Then again, the ECB or the EU in general is in no position to allow Portugal or any other EU member to become insolvent.

Interesting. I guess if you're wealthy enough to invest in Andorra to become a permanent resident, that could work out very well.

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