/biz/ - Business & Finance

>>55203117
You... Get fucked. Enjoy your real first bear market. You believe in the concept. Then you hodl

>>55203117
Bear markets are a good time to move to Dubai but it all depends on your home country.
Most have exit taxes.
Even those with no exit taxes (Eastern Europe) still have corrupt prosecutors and braindead people who'll eat themselves alive at the view of someone who made it not paying tax.
But yeah, if you're australian, or murican, you pay up first and then you move.
But it's still the correct decision.
Dubai is safer than where you live, institutions are more functional, roads are better, there's plenty of girls keeping their virginity for marriage, schools are top notch (expensive though) weather is not that bad - you can go to the beach for 7 months and either stay in an air conditioned place until 5pm for the other 5, or just move to some Euro country for the summer (make sure they have double-tax treaties with the UAE, and they don't tax you unless you spend 183days+, eg Austria taxes you once you hit 90 so be careful).

If you're murican, you'll still owe taxes even when you move.
You need to buy a carribean citizenship first, then pay up the exit tax, and then move, but it's still better than the alternative, trust me.

Ask me anything about Dubai btw, happy to answer

>>55203117
sell it to a chinese for usd in paper

>>55203117
Are you an us citzen? If yes then just pay your taxes if you dont feel like getting raped by De'Jaquir Tyrell Smith if not buy that ticket to Dubai ASAP

>>55203117
Does it have a money trail to a KYC CEX? I'd say you could probably move to a third world country, open a bank account, and withdraw, but a of countries have reporting treaties with the USA.

Dubai is expensive, might not be affordable long-term with just 500k, but an online acquaintance of mine moved there as a war refugee and set up shop as a dev consultant so maybe it's possible.

NFA

>>55203117
Where can I find girls who look like this?

>>55204267
Wait there's women in Dubai that aren't prostitutes? Where?

>>55205567
The only money trail from a few years back where I deposited my own money to buy crypto, but the bulk of the holdings were holdings from 2013-2014 through sales of RSGP so there isn't a definite money trail per se. I don't know how in depth the reporting works.

>>55204267
What is the process like to cash out in Dubai? What do they require from you? AFAIK I'm supposed to live there for 6 months before being allowed to cash out? Are they crypto friendly? I read conflicting answers regarding that so I'm not sure what to trust yet. I'm not American btw, and I should also specify that I don't intend to live there long term.

>>55205596
Guessing Spain.

>>55203117
>he thinks he can cash out

>>55205828
If all your assets, onchain or offchain, are associated with or can be traced to the same CEX account you deposited your own money, it can probably be reported.

If you got the bulk of your holdings through non-KYC means and it's never crossed paths with your KYC money trail, that can probably be withdrawn overseas. Do diligence into which countries do or don't report finances.

i do live in Turkey, we have no fucking taxes on crypto, it's a paradise, come here i would help you out for %5, i'm already at 7 figures so i wouldn't scam you.

if you want to 'cash out' your crypto without paying taxes or being traced, you need to lose it for have it stolen from you first

you must file a police report and allow an investigation to take place

then after some time has passed you will need to cash it out in a third world shithole like cambodia and paying a premium fee to the criminals who will help you launder the money for a cut

>>55206062
I wouldn't trust this guy in particular but people like this can launder crypto for you in exchange for a cut.

Never tell them how much you actually have. If you clue them in that you have high 5 figures or mid 6 figures you will probably be tortured and for it then killed. Doing small sums like 5 to 10 k and they wont bother, and will just accept a cut.

Ideally you cash out while not officially being in the country where the cash out is taking place. If you are placed geographically by visa entry and exit in a country where an illicit cash out is happening, you are as good as got.

Generally speaking, the easiest way to turn btc into cash is to turn it into drugs then sell the drugs and launder that type of money in a traditional way such as through a front business.

In any case, you are looking at significant shave off your holdings, which may eventually amount to more than taxes would have been in the first place.

So, you are having to decide if you want to pay your taxes to government criminals, or to civilian criminals, in the end.

>>55204267
why are milionaire s moving to greece?

>>55206166
Im curious about this also

>>55203117
I don't think $500k is enough for Dubai.

>>55205607
All over?
I'm a bit older than you fags, so my friends have teenage daughters.
Pretty much all of them are virgins. Also very well behaved in public, and family oriented.
There's no drugs in school, and no drinking culture in school, either.
Girls who grow up here rarely become whores, at least compared to the west.
It's the perfect synergy of whores and wife material, while the west mostly raises girls to be half of each (aka a burrito that's half wagyu, half horse shit, good appetite).
>>55205913
Southern Europe in general. A lot of these on the Balkans, too. Spanish girls tend to be fat on average, I'd go looking more to the East, since the few good looking Spanish chicks will have 500 orbiters already.
>>55205881
>What is the process like to cash out in Dubai?
Currently difficult, but by the time you arrive the Revolut alternatives (Wio and Zand) will be live, so probably ez pz. Right now banks do not support crypto, so you either have to lie, or rely on cash. Which is easier than you think, you can buy anything with cash here.
Afaik Rakbank has a deal with kraken, but in order to open an account there you need proof of 6 months of waging, I'm assuming this is where this rumour started.
If you're amerircan you owe money to the IRS anyway, I'd honestly just cash out through Chase and then send to FAB/Mashreq.
>>55206166
Westoids think of greeks as some sophisticated philosophical people, and jump straight into buying real estate, only to find out nothing in that country works, as it's the average Balkan country with below average service quality, even for the Balkans. Their islands are gorgeous though. It's just the cities that suck.
Also in order to fix their deficit they gave tax exemptions for wealthy foreigners, and started selling residency permits that allow you to apply for citizenship not so long after, which is attractive for non-westerners (mostly Chinese).
>>55207744
You want to be in Dubai before you make it, for tax optimisation purposes

>>55207917
By "rely on cash" I meant that it's very easy to sell crypto for cash in many OTC desks, fees are typically less than 1%.
There's also OTC desks that allow you to make big purchases with crypto through them, via a 3-way contract (they pay the other counterparty, after you pay them in crypto, costs between 0.8-1.3% and works with real estate, luxury cars, long-term rental contracts, etc).

>>55207917
dubai is shit what are you talking about. There is alchohal and drugs you just need to cross the board or get it from an approved place. Living in a monarchy is shit

>>55208768
>Living in a monarchy is shit
Living in a monarchy is the best part, but I didn't want to get political.
Especially the lack of freedom of the press.
It's PERFECT. Now you don't have a zombie population that thinks about politics 90% of the time while being shit at their job. You aren't getting dragged in a political argument. The major topic of the day isn't getting set by screeching lowlifes. You don't have a government that throws your money at anyone who yells in front of a building, just to keep them quiet.
Singapore was my first choice, but it was closed cause of the modern flu. Either way, no way I'm moving to a democracy ever again.

>>55203117
Australia sounds like a cool place to move with funds except for the fucking giant spiders and drop bears

>>55208937
And a psycho government that doesn't let you return from vacation, tells you where to shop, forces you to vaxx without even giving you certain liberties back, taxes you even if you live abroad, just because you went by to visit a friend, points fingers at you if you dare to make more than minimal wage and plans to take everything from you in the foreseeable future.
The only thing Australia needs to remain rich is to at least respect property rights. If they do so, the rich Chinese will keep the country running, but they're too stupid to even do that, so it's going down the drain.
>t. most of my native English speaking friends in Dubai can't say the word "cake" in close proximity to jews

>>55208924
they have kangaroo courts and beheadings. Total sharia law thats shit you shitskin

>>55203117
DCA ORE and HBAR if you want to be a smartfag.

>>55208924
desu this is why I considered moving Dubai as well, people are religious and generally good and all the degenerate shit and politics shitshow is gone
>>55209389
if there's no people like you that's fine by me

I heard el salvador is not taxing crypto at all

Dubai has no addresses
And no 'crime' because everyone gets disappeared
Dubai is the og shitty
Shitcoin of cities
It will go to zero

>>55204267
Tell me more about renouncing US citizenship so I never pay tax to the shitsmear known as the IRS again.

>>55210888
If you renounce, you better choose the right country for citizenship (or just be really old, already had your kids, and retired to a certain country for the rest of your life in which case it doesn't matter).

>captcha: GPS W2

>>55207917
>You want to be in Dubai
I completely lost interest after visiting. It's Dubaiskaye now, on top of being a shithole in the first place.

>>55209543
>if there's no people like you that's fine by me
i want rights given to me by god. I dont want some shitskin dessert war lord to be entitled to fuck my daughter or wife because of the divine right of kings.

>>55205567
Money trails don’t mean a thing. You can just tell the IRS you lost your ledger wallet or something if they ask

>>55205596
Unironically, Mexico. She's the basic bitch mold for every other high schooler girl in Mexico.

>>55203117
How much crypto would I need to have for a woman like her to shit in my mouth every day?

>>55208768
The only ones who drink are the russians. The Indians and Arabs (90% of the population) don’t

>>55207917
When I visited basically every woman that would associate with westerners was a gold digger or prostitute but I guess I wasn't looking at enough 16 year olds lmao

>>55208937
There is literally nothing redeeming about Australia anymore. And if you wanna be a roider degenerate like Zyzz just move to Florida instead since it’s cheaper

>>55212213
this

>>55206166
>>55207674
Potentially Russians or Ukrainians who purchased a Cypriot passport who need a new EU identity.

Why not just not pay?

Worst case is a 25% fine.

>>55212152
Are you an adult? Lmao. There are even some tiny absolute monarchies in Europe, you know. And what does putting the piece of paper into a box do anyway? Elected officials will do what they want no matter what people think

>>55204267
How does Dubai treat people who like Japanese culture?
Is it dangerous to import their goods there?

I remember a story of a Japanese engineer who got problems because he imported his dvd porn collection.

My other worry is that my mother won't be able to come there to visit me because she is narcissistic due to her codependency.
Dubai seems to be a country for people with a positive mindset and not tolerate negative behavior.
Did you run into this issue? Do you travel outside of Dubai to see your family?

My current idea is to move to Portugal to optimize my taxes after making it, as I can cash out with 0% of taxes currently on my crypto gains.

>>55203117
Malaysia or Thailand are cheaper and probably more entertaining in the long run.

>>55203117
Those AI renders are getting impressive.

>>55203117
You shouldve done it last year anon… too late now.
https://www.arabianbusiness.com/industries/banking-finance/uae-corporate-tax-finance-ministry-announces-freezone-tax-policy-exemptions

>>55213419
This is from 5 days ago.
To add it it, I’m sure the US has seen the sheer volume of money that has moved in to Dubai post war and crypto bullrun. I am 99% sure they are monitoring/setting up a single honeypot here.
Also cost of living has gone up considerably after the Russians moved in.

>>55209389
>>55212152
You'll find that locals are extremely respectful of Christians and Shias alike. They only hate the degenerates that plagued the west, and for a good reason.
No place is perfect, but as a Christian, I feel much safer here than in the west where every murderer has rights.
>>55209543
wise
>>55210888
I'm not from the US, read on it and if necessary, ask some experts, eg. this guy is pretty legit ( https://www.youtube.com/watch?v=Ezwb0Ep5WeY ) unlike Nomad Capitalist, also Roger Ver renounced and he's very responsive on social media, he'd LOVE to give you guidance on specific lawyers, etc. (and it will probably be cheaper).
>>55211463
That's true, especially Palm Jumeirah. Many of those russians are fine though, and the rest. of them will learn to be civilised after a few months.
>>55212213
Did you just walk through the JBR/Marina prostitute area, or did you put effort into socialisinig with locals?
II didn't tell you that virgins will throw themselves at you, that's what prostitutes do.
You still need to make the first moves, as in, join some communities.
>>55213419
This only applies to cafes and bakeries lol. Personal income is still at 0%, and so are free zone companies, which will be the type of company you'll set up if you arrive.
>>55213495
>Also cost of living has gone up considerably after the Russians moved in.
Costs of accommodation have doubled, but the price of everything else has barely moved, unlike the west where inflation absolutely destroyed the working class.

>>55213419
>>55213776
Sry I only assumed what you posted based on a few words from the url and what usually gets posted.
Pretty sure software development companies are still at 0%, and even 9% is reasonable in the absolute worst case scenario.
UAE is definitely getting pressured by the west to change its tax code, but theft is against Sharia law, so personal income is likely to stay at 0 for years to come.
Besides, why do you care about it always being 0? You only need it at 0 while you're cashing out the next bull market's gains

>>55212189
5k

>>55203117
>cashing out

i thought you cryptokiddie faggot retards said crypto was replacing fiat? why do you need to "cashing out", isnt buttcoin and chainystink the future of economics?

>>55204267
>Most have exit taxes.
what?
this reads like an amerifat larping
the US is just about the only country with exit taxes. perhaps a couple of other anglo ones, and a couple of european ones are vaguely planning to do so, but this is not a thing for most right now

>>55214476
>perhaps a couple of other anglo ones, and a couple of european ones are vaguely planning to do so
Nothing vague about EU countries having exit taxes on unrealised gains, and yes, western Europe and the anglosphere make up 90% of this website's traffic (yes, there's no indians here)

>>55214575
50% of the posters are Indians, even when they live in the west

>>55213776
Your info is outdated anon. On june 1 they said freezones wont be taxed <- heres where most mainstream articles were posted saying freezones are exempt.
June 2 they clarified that freezones will be taxed <- Not many articles. Just go straight to the govt press release and check for yourself.

>>55215122
Thanks for the info.
My free zone is only there to provide me with a visa, so I'm still not paying anything, but that's interesting.
Wonder how they'll prevent people from just paying all of the profit as a salary, and then reinvesting it.

>>55214626
>50% of the posters are Indians, even when they live in the west
Bunch of curry niggers shitposting the board. The next bull market is definitely a retirement card with Altcoinistdao alpha picks