The most crypto-friendly tax countries include Greece and Cyprus
There are no taxes for cryptocurrency investors in Portugal. In addition, no capital gains tax or VAT is levied for crypto transactions. You will also get a golden visa if you invest + 250k € in businesses or buy a house for 280k € in rural areas, there are also startup or tech visa routes.
Portugal is the tax haven for crypto investors and the deserved first place on my list.
Malta is also tax-exempt for crypto investors and exempt from capital gains tax and VAT and has several virtual currency laws in place suitable for crypto. Several companies like Revolut, OKex, Nchain, Binance are crypto companies established in Malta.
Malta will grant you a gold visa with permanent residence by paying a fee of approximately $ 100,000 to the government. Citizenship is also possible after one year if you invest around one million euros.
This paying citizenship is not as easy as in Portugal, but makes a nice second place.
Germany has no taxes on cryptocurrencies and virtual currencies if you hold them for a year or more. These assets are classified as private money. VAT is exempt.
They even had this rule for actions until 2020, when the withholding tax was introduced after strong pressure from the rest of the EU. However, businesses must pay corporate taxes.
Germany will grant you a business or residence visa if you invest at least 100,000 euros in a company with an active investment.
For nature lovers, Germany can be a crypto haven and is, relative to the overall quality of life, a great place for crypto enthusiasts.
Capital gains tax does not exist in Singapore, so neither individuals nor companies holding cryptocurrencies are responsible.
But Singapore-based companies are subject to income tax, if their primary business is trading cryptocurrency, or if they accept cryptocurrency as a form of payment.
Authorities consider payment tokens such as Bitcoin to be “intangible property” rather than legal tender, and payment in cryptocurrency constitutes a “barter exchange” where goods and services are taxed, but the token is not. payment itself.
Malaysia also does not have capital gains tax, cryptocurrencies are tax exempt.
Virtual currencies are not legal tender in Malaysia. The tax treatment will change if they are accepted as legal tender. Foreign source income is also not taxable in Malaysia.
Malaysia offers 10-year multiple entry visas.
Switzerland does not levy capital gains tax if you buy, sell or hold cryptocurrencies for personal use. Ethereum, Shapeshift are well known companies incorporated in Switzerland.
Switzerland does not have a gold visa program but it is possible to acquire long-term residency for business activities.
Cryptocurrencies are not legal tender, called digital assets or crypto in Canada. Capital gains are taxable at the rate of 50%. There are no taxes on the purchase or holding of cryptocurrencies in Canada. Income or capital gains must be declared.
There are several migration programs for moving to Canada. The most popular program among HNW people is the Quebec Immigrant Investor Program.
In Australia, to acquire a cryptocurrency as an investment, you may need to pay taxes on any capital gains you realize on the disposal of the cryptocurrency. Records should be kept for all transactions involving crypto assets.
Capital gains tax applies to the sale, gift, exchange, conversion, and use to obtain goods or services. It is added to taxable income. Certain capital gains or losses resulting from the disposal of a cryptocurrency that is a personal use asset can be ignored.
Australia offers a number of Business Innovation Visas for the purpose of investing in Australia.
Profits from cryptocurrency trading are not taxed in Cyprus. VAT is also exempt. Cyprus has the lowest corporate tax in the EU (12.5%)
Cyprus will give you a resident visa if you buy real estate for 300K and there is also a starter visa route. If he could afford a little over 2 million euros, citizenship in six months is also a possibility thanks to the Cypriot investment program.
Greece taxes 15% on capital gains resulting from cryptocurrency transactions. There is no regulatory framework for bitcoin or cryptocurrencies in Greece.
Greece has the most popular gold visa program in Europe. You just need to buy a 250K Euro property anywhere in Greece, there are also other avenues for commercial and government bonds
Bitcoin and similar cryptocurrencies are considered for VAT purposes as “negotiable instruments” and exempt from VAT, as well as mining activities. Capital gains tax (33%) applies to cryptocurrency transactions. Businesses have to pay corporate tax.
Ireland has a gold visa program offering immediate 4 stamp clearance to investors.
12. United Kingdom
The UK does not levy any cryptocurrency tax for buying or holding crypto donkeys. Individuals holding crypto assets as a personal investment, typically for capital appreciation or to make particular purchases, will be required to pay capital gains tax when they dispose of their crypto assets.
HMRC does not view crypto assets as currency or money. Income tax on airdrops is exempt in most cases.
The UK has hosted innovative tech startups. There is a Tier 1 investor program and innovative visa pathway available for young entrepreneurs.
Bitcoin and cryptocurrencies are not legal tender in Bulgaria. You are required to pay 10% capital gains taxes on cryptocurrency transactions. Companies must pay 15% tax on crypto trading activities. Bulgaria has the lowest corporate tax in the EU
Bulgaria has residency and citizenship programs for investments.
Bitcoin is legal tender in El Salvador, the first country to adopt bitcoin. No capital gains tax on crypto investments.
List compiled by Scary Milk on reddit