/biz/ - Business & Finance

>>56772181
How much did it cost total, and how bad are the niggers there?

Also, pill me on pic rel.

Congrats. How do you deal with your crypto taxes? Capital gains and income (staking).

>>56772189
>How much did it cost total

Cost was:
>$150,000 for the fee
>$4000 for the agent to process the paperwork
>$7500 for the background and due diligence check that they run on you
>Miscellaneous costs (passport, FedEx, etc.) ~$2000

Total was about ~$165,000

In terms of the people who live there, they are mostly black. Some really friendly. Some not. When you are there, people always think you are a tourist from the cruise ship. You don't need to actually go to St. Kitts though.

how much did it cost?

>>56772208
Lol. St. Kitts & Nevis have a ton of small Macque (sp) monkeys that were brought there during the slave days. The islands have thousands of them. I was near Monkey Hill for a while when I visited.

>>56772181
Did you renounce the US citizenship?
Do you live in St Kitts?
If not, do you at least leave somewhere outside the US?
Any comparison with the Grenada/St Lucia CBI along the way?
How much would it cost to add spouse and kids?
Why did you renounce in the first place? Taxation during next bull?
Do you plan on buying other citizenships?
What coins are you invested in?
>t. Eurofag who moved to Dubai and is considering the Grenada CBI for its China access and low cost of adding family members

>>56772217
>Congrats. How do you deal with your crypto taxes? Capital gains and income (staking).

Thanks anon. As an American, it doesn't matter where I live, because the US taxes my income globally. The only way to stop it is to renounce my citizenship, which I can do if I want to now.
St. Kitts & Nevis have no personal income tax whatsoever. No capital gains either. You don't even need to file a tax return.

Also thanks for taking the time, OP, this is a thread of immaculate quality

>>56772241
had to read it a couple times to understand you're really talking about monkeys.

>>56772241
Thanks, you're a good OP. Thinking about this for awhile. For me, it's going to be Booby Island.

>>56772238
When I did it it cost $165,000 after all fees. That price has increased though.

>>56772181
do you have a house there? Is it cozy? Do you have a garden?

>>56772181
Please donate money to abolishinists rising or to a vegan charity
Watch the chicken YouTube video too
Hundreds of thousands of children are being aborted every single year. Tens of thousands of children are being aborted completely legally in 2023 in deep red USA states.
Abortion is still legal in all 50 states and almost nobody is talking about it. The pro life movement is a controlled opposition and not your fren. Please watch this approximately 15 minute long YouTube video on abortion please whether you be pro choice or already pro life https://youtu.be/XGPv66ZqlEQ?feature=shared [Open] [Open] [Open]

Over 6 billion (yes) Chickens are tortured to death every single year in the United States alone in factory farms. And no your Canada Australia or EU country isn't much better. Billions of animals are being tortured to death in factory farms every single year and it's (partially) your fault! Please watch at least the first five minutes of this YouTube video . In it he explains that people who regularly purchase chicken for years straight will almost certainly cause the torturing and murder of hundreds of extra chickens. That blood is all on your hands and would NOT have been shed had you instead decided to boycott animal products / go vegan ! https://youtu.be/brKhhZlUoOc?feature=shared [Open] [Open] [Open]

What are the conditions like in factory farms where over 96% of all animal products in western nations come from? They are mutilated without anesthetic, crammed in dirty, uncomfortable, and crowded conditions, they are artificially inseminated / raped and jacked off, they are slaughtered. Here is a free approximately 2 hours long documentary about factory farming please watch it thank you https://youtu.be/LQRAfJyEsko?feature=shared

Please donate to abolishinists rising and to vegan charities

Are there actually standing financial institutions there or is one of those Irish situations where an address is listed on paperwork but it's really just a shack on the side of the road?

sad they increased the price lately to $250k+extra I really wanted to get one
Im thinking of St Lucia, or Dominica CBI

>>56772181
just curious, is there a minimum bank balance that you'd have to proveto get one? Im crypto wealthy but fiat poor.
Just looking to sell the bare minimum holdings to fiat to afford one as 30% taxes for me

Also how long did the process take?

>>56772298
huh. so is preventing abortions or preventing chicken torture more important. because it sounds like they carry the same weight.

>>56772181
Oh hey it’s Nomad Capitalist.

I don't know if my user ID switched but I am the OP (ukKxJjRV).

>>56772250
>>Did you renounce the US citizenship?
Not yet. I have the option too though now.

>>if not, do you at least leave somewhere outside the US?
I live in SE Asia for now.

>>Any comparison with the Grenada/St Lucia CBI along the way?
Yes. I chose St. Kitts for one primary reason: They have never had an income tax in the entire history of their country.
Antigua is the only other Caribbean CBI country which does not have a personal income tax, but that has only been the case since 2013 IIRC.
The other CBI programs are fine if you don't plan to live there. But if you do live there, they do have personal income taxes.
For me personally, it makes no sense to acquire CBI citizenship in a country that has a personal income tax.
St. Kitts is also very conservative. They are stable. The Caribbean Central Bank is located on St. Kitts.Their passport is among the strongest of all 5 Caribbean CBI nations.
And actually, the UK just pulled visa-free access for Dominica because they were not doing strong enough Due Diligence checks.
If St. Kitts ever loses visa free access to Europe and the UK, it will probably be the last country to do so. This is why they just raised their price to $250,000, because the UK/EU was grumbling about how cheap it was.

>How much would it cost to add spouse and kids?
I forget. I think it was like another $50,000 or something, plus the due diligence checks for each child over 16. I don;t recall though. I did it single.

>Why did you renounce in the first place? Taxation during next bull?
Haven't renounced yet. No immediate plans, but thinking ahead.

>Do you plan on buying other citizenships?
Would love to have visa-free access to the US if I renounce my US passport. Options are very limited though. I don't want to spend any more money on this topic. I am working on obtaining another citizenship through good old fashioned residence.

>>56772250
>What coins are you invested in?

I have a portfolio of coins. The only thing I will say is I have no Bitcoin. I think it is a dead project. Who knows how long it will take before the world sees it that way. I say that as someone who was buying BTC long before the 2017 bullrun.

>>56772270
Lol. The waters around that little island have sharks. No joke.

>>56772282
>do you have a house there? Is it cozy?

I considered buying property there.

1. It's expensive.
2. Hurricanes.
3. I wouldn't want to live there. It is a very small country. Everything is expensive and imported. I get bored there. It would be nice to have a condo or something as a base. But after living there a few months, I really don't want to live there very much.

> Do you have a garden?

No, but actual monkeys do steal a lot of the food that is grown there. It is a real problem. Both Nevis and St. Kitts have a monkey problem.

By the way, Nevis was a lot more peaceful than St. Kitts. If I had to live on one island, I would live on Nevis.

>>56772311
>Are there actually standing financial institutions
Yes. The banks are terrible there, though. The only reason to get an account is for proof of address, and it's a months long process. You literally have to go in for an interview and hope they approve you. It;s not like Singapore or Hong Kong lol. Even the websites for online banking are atrocious. Banking sucks in the country.

>>56772387
>Would love to have visa-free access to the US if I renounce my US passport. Options are very limited though. I don't want to spend any more money on this topic. I am working on obtaining another citizenship through good old fashioned residence.

I'd guess you're meaning one of the 3 SEA ESTA countries, but you're never going to have free access for any substantial time unless you become Canadian suddenly

>>56772439
>I wouldn't want to live there. It is a very small country. Everything is expensive and imported. I get bored there. It would be nice to have a condo or something as a base. But after living there a few months, I really don't want to live there very much.

Why'd you bother? Had regrets after you got it, or just a passport collector?

I'd rather dump my $500k into a holiday home in a place worth living for a few months out of the year

>>56772324
>sad they increased the price lately to $250k+extra I really wanted to get one

Sad, but actually I am glad, because the EU and UK are seriously considering taking away visa free access. One of their recent complaints was how cheap they are selling their citizenship. Also, how it was marketed, etc. St. Kitts is trying to ensure that they never lose visa-free access (as just happened to Dominca).

>just curious, is there a minimum bank balance that you'd have to proveto get one? Im crypto wealthy but fiat poor.

Each Caribbean CBI is different. Some countries don't have a networth. St. Kitts requires a net worth of $500,000. They allow crypto. You can show them a crypto account like Coinbase with your name on it and the coins inside, and get a lawyer to certify a screenshot of it on paper. Antigua also allows you to show crypto wealth.

>Im thinking of St Lucia, or Dominica CBI

Dominica no longer has visa-free to the UK, just an FYI.
Each country has its own benefits. Grenada has visa-free to China, for example. St. Lucia is very cheap. etc.

>>56772387
>no income tax
Arent you still taxed in the US? I thought burgers get taxed even if they dont live there

>>56772483
thanks. I might have to sell some folio before EOY to be ready to be able to finally exit completely sometime next year.
If the prices of Caribbean go up, I'd rather go for Vanuatu which is the cheapest and fastest and then buy some property in the Med for EU residency Also Vanuatu is Chinese/non western aligned so there's that

>>56772473
>I'd guess you're meaning one of the 3 SEA ESTA countries
No, somewhere else. I am leaving Asia soon.

>Why'd you bother? Had regrets after you got it
No regrets at all. I got it primarily in case I renounce my US citizenship one day. 99% of people who get Caribbean CBI don't live in their countries anyway.
Besides, St. Kitts is a member of OECS, meaning you get to live and work and drive on 6 other Caribbean nations as long as you want with no restrictions. It's also a member of CARICOM. So you can stay anywhere in the Caribbean for 6 months a year. Getting a Caribbean passport gets you into the whole area.

>I'd rather dump my $500k
It only cost $165K for me. Many programs are cheaper

>>56772488
Yes, I am. See my response here:
>>56772257

>>56772499
Vanuatu is a terrible passport anon. I would not recommend Vanuatu.
https://en.wikipedia.org/wiki/Visa_requirements_for_Vanuatuan_citizens

>>56772523
its the cheapest though for no taxes and capital gains for an alternative to Caribbean $100-150k
EU passports are quite useless as they have high taxes and pricing is $500k to 2M

>>56772259
Thank you anon.

>>56772328
>>how long did the process take

It took about a year. The thing is, all of the documents you submit can't be older than 6 months. If any one of the documents is older than 6 months, your application can't be accepted. So it's kind of a mad dash to get everything together in time, and it requires prep work. For me, it was a bit daunting at first. After I got all the paperwork, I had to send the money, which was a massive pain in the ass, because you have to follow their wiring instructions exactly, even for the Due Diligence check fee. Even the agents didn't know how to do it. It was a clusterfuck.
After my application was submitted, it took about 4 months for them to process and approve, then another 45 days or so to get my passport. So it took about 6 months to gather the documents and submit the application, and 6 months to approve and get the passport. This was during covid and from what I have heard, they have gotten better. They also have a fast track option if you pay more money.

>>56772534
>>its the cheapest though for no taxes and capital gains for an alternative to Caribbean

If you want a cheap passport in a country with no personal income tax and cheaper than St. Kitts, I would go with Antigua & Barbuda. Much stronger passport, much better program. Only $137,000 total.

>>56772601
thanks yeah will try to get that

>>56772402
>The only thing I will say is I have no Bitcoin
Same, so I fully get it. Started mining late 2012, sold all after the fork in 2017.
Crypto is no longer good for investments, imo. There's 3-4 good coins and they're all high cap already. It's good for low-cap value gambling though. That's why I was curious about your holdings.

>>56772226
>paying 165k to become a citizen of nigger island
why??

>>56772686
>sold all after the fork in 2017
Me too. BTC has only gotten worse, too.

>Crypto is no longer good for investments, imo
I disagree with you here, but it's extremely high risk. There is not one coin I would feel comfortable investing in for even a single year without checking on the news and following what's going on. Buffet talks about how you should invest in companies you could sleep comfortable on for years at a time without checking the news. Crypto is the opposite of that.
At the same time, I think cryptocurrency is going to continue growing in marketcap, despite everything else. And so I hold a large amount of cryptocurrency. But I try to do so with the uttmost caution. I try to be a longterm investor as much as I can (not a gambler), despite the dynamics of the situation. I enjoy following people like Justin Bons.

>>56772724

Do you suck dicks?

> Buffet talks about how you should invest in companies you could sleep comfortable on for years at a time without checking the news. Crypto is the opposite of that.
At the same time, I think cryptocurrency is going to continue growing in marketcap, despite everything else. And so I hold a large amount of cryptocurrency.
Are you retard, OP? See historical graph of Bitcoin or your favourite (I guess) Solana/ETH POS shitcoins.

>>56772870
>Are you retard, OP?
It's possible, yes.
My view is that cryptocurrency as a whole, will continue to grow in the longrun. Also, I believe Bitcoin is a dead end project and eventually its price will reflect this. Other coins will surpass it eventually. I do not know which ones, but I have invested in a number of interesting ones.
I never said I did or didn't invest in SOL or ETH.

>>56772181
It seems like this passport is mostly for people who travel a lot and want easy access into some countries their current passport might have trouble with. I assume you're a business owner or digital nomad?

>>56772510
Where do you plan to get residence and eventually citizenship? I was considering that, but on the other hand I don't want to pay taxes. I don't think I would want to live in St Kitts, but then again the peace of mind of not even having to file a tax return is appealing. I was thinking I could spend 6 months in St Kitts each year (enough to be considered a tax resident and spending the rest of the year elsewhere (either travelling or staying in another base, but not staying long enough to be considered a tax resident).

>>56772226
what are the benefits of being a citizen there? $165K for what exactly?

>>56772902
All Caribbean CBI countries are about the same in terms of visa free access, minus some minor differences. It's good for the EU and South America. Not bad for Asia but not great. It's possible it could lose some access in the future.
The primary purpose of the St. Kitts passport for me was it allows me to renounce my US citizenship if I ever wanted to, it's not a bad travel document, and the country could be a domicile (since St. Kitts has no income taxes).
However, it would be harder to open bank accounts with a CBI passport, as they've figured out that it is a "purchasable" passport. It is viewed with skepticism in places like Singapore, to the point of outright not allowing you to open a bank account.
Ideally, I would have another non-CBI passport, too.

Yes, I am a digital nomad.

>>56772916
>Where do you plan to get residence and eventually citizenship?
Good question anon. I don't want to say because I don't want to totally dox myself and also because I know it might give other people ideas to do the same. What I will say is this:
There are currently 38 countries that have visa-free access to the US. Ideally, if I renounced my US citizenship, I would want a passport that let's me return to the US without a visa.
Of those 38, there are only a few that allow you to become a citizen in a relatively short amount of time. There are even fewer that are not a member of the EU, although that is just an added bonus.

>I was considering that, but on the other hand I don't want to pay taxes.
Let's just say there are countries that you can become a citizen of after a period of acquring permanent residency status, yet they do not require you to live in the country more than 6 months per year. And/or, they offer a leniency period for a few years before you need to start paying income tax.
By the way: Having a permanent residence in most countries does not by itself make you a tax resident. It is often still the physical presence test of 6 months, that is more important.

>I was thinking I could spend 6 months in St Kitts each year (enough to be considered a tax resident and spending the rest of the year elsewhere (either travelling or staying in another base, but not staying long enough to be considered a tax resident).
Taxes are complex. Perhaps you could live in St. Kitts 1 month a year and have it be your base, then travel around elsewhere for less than 6 months a year in each country and say St. Kitts is your home. (I assume you are not an American btw). You could set up a legal offshore company and have it pay you dividends and structure the trades inside it. etc. It really depends on the countries you plan to stay in and other variables.

>>56772917
See:
>56772510
>56772940

>>56772917
See:
>>56772510
>>56772940

>>56772940
What kind of work do you do as a DN? I'm in a field where remote work is easy to come by, but things like taxes or having to hide your location from your employer are keeping my from making the expat leap.

Also the taxes on non-resident American citizens is incredibly gay, and I have no idea why it's tolerated.

>>56773050
>Also the taxes on non-resident American citizens is incredibly gay, and I have no idea why it's tolerated.
Correct. If you are an American, there isn't a lot of advantage to moving abroad in terms of taxes. If your employer is a foreign employer, and you live outside the US most of the year and cut most of your ties to the US, then you can get 110K per year excluded from the IRS. But otherwise, you will still be paying the same amount of taxes each year to the US, and you could also potentially have to start paying taxes in your resident country as well. The primary advantage at that point would be if you were in a country like the Philippines which is very low cost of living and also doesn't tax foreign income on foreigners living in the Philippinnes (as I understand it).

>but things like taxes or having to hide your location from your employer are keeping my from making the expat leap
Maybe you can elaborate on what you mean here. I'm not sure I follow. Generally speaking I'm not sure why they would care where you live.

>What kind of work do you do as a DN?
I'm just an investor for my own personal accounts. Nothing too special.

>>56773050
I have US citizenship but don't live there, never filed with the IRS. But my bank where I live actively reports my accounts to the IRS and I've had to sign forms or I'd lose my ability to bank, all because of my citizenship. I've heard nothing from the IRS so far in 15 years of being a working adult. Fuck it I guess.

>>56772181

300k you can get Cambodian nationality by kings decree and a new name.

If you run it with your St.Kitts passport they can write you are born there on the Cambodian passport so no more facta reporting questions from banks when they see your place of birth (if you are us born) :D

>>56773142
>300k you can get Cambodian nationality by kings decree and a new name.
Correct, although the passport is abysmal in terms of travel freedom, and it has a bad reputation since a lot of Sketchy Chinese people buy it and then try to open bank accounts with them to launder money.

>If you run it with your St.Kitts passport they can write you are born there on the Cambodian passport so no more facta reporting questions from banks when they see your place of birth
No, because your St. Kitts passport lists where you were born. All CBI passports that I am aware of list where you were born. In fact, most passports from any country list where you were born. This is becoming the standard.

>>56772996
>There are even fewer that are not a member of the EU, although that is just an added bonus.
How is it a bonus to not be an EU passport when if you have one you can live in any EU country and some have better visa benefits than US passports?

Why not just squat there forever and never leave lmao, why people do this
>muh irs
Just dont fucking pay lol

>>56773128
>I have US citizenship but don't live there, never filed with the IRS. But my bank where I live actively reports my accounts to the IRS and I've had to sign forms or I'd lose my ability to bank, all because of my citizenship.
Yeah that sucks. Also, if you didn't file those forms, and the sum of all of your accounts at any time during the year exceeded ~$50,000(?), you could be criminally charged and fined $10,000 per account, per year, per violation, regardless how much was in each account.

>I've heard nothing from the IRS so far in 15 years of being a working adult. Fuck it I guess.
It depends how much money you are making and a number of other variables. If you have another citizenship you should consider renouncing. It sounds like you are a citizen by birth only, with no connection to the country at all at this point. If you renounce, you must certify that you are tax compliant for the preceeding 5 years.

Retard question;

Ok let's say i'm a gorillionaire and i want to cash out there/pay no taxes.
So basically i can spend my money worldwide just using debit/credit cards and withdrawing from ATMs?
And i won't have to declare income/taxes on said spending?

>>56773199
you sell enough to buy a caribbean passport renounce your previous citizenship and then sell all of your assets tax free
Alternatively Dubai residency works too by buying a property there for like $500k

>>56772181
I've just found out that St Kitts and Nevis is over 90% african. Is it a shithole ?

>>56772734
>it's extremely high risk
What about Link? Looks like a sure thing to me, now

>>56773174
>How is it a bonus to not be an EU passport
Because then you get totally and completely cucked by EU regulations. There are financial products citizens of the EU can't even invest in. The EU is like the USA-lite.
More importantly, there are already talks of implementing a citizenship/regional based taxation system similar to the US. It is already increasingly more burdensome to "prove" you are not domiciled in your home country anymore (and thus should not be subject to your home country's taxes).

>if you have one you can live in any EU country
I can live in the EU if I want easily months at a time in any country I want thanks to Schengen access. If I want to stay longer, there are a lot of residence options I could consider.
But I would not want to live in the EU anyway full time because then I get bogged by income taxes.. And that is the primary reason I would renounce my US citizenship in the first place (income taxes).

>>56773175
>Just dont fucking pay lol
Because I make a lot of money and I don't want to go to prison or spend years paying backtaxes. They don't care if you are a poorfag, but they will rape you in the ass if you are making 7 figures and not paying anything in taxes. They will see any bank account you open thanks to FATCA. After 50K in taxes owed, the state department can cancel your US passport, too.

>Why not just squat there forever and never leave lmao
I don't want to live there forever, and, the US has extradition treaties with them (as they do with most countries).

>>56773199
This is an incredibly broad question. You don't even mention what country you are from. If you are an American, or you are actually domiciled in any other country that has a personal income tax, then no. Absolutely not.

>>56773209
>you sell enough to buy a caribbean passport renounce your previous citizenship and then sell all of your assets tax free
Again, it depends where you are from. This is not an option for Americans under any circustance.
You would have to first become un-domiciled from the country your are a citizen in (assuming that country has an capital gains income tax). And you would have to be actually domiciled in St. Kitts (which has nothing to do with just becoming a citizen). Then you would have to make sure you don't owe taxes on the crypto gains as they were when you became undomiciled in your home country.
I mean really, don't be retarded. Taxes are complex and you would need to talk to a tax expert and plan everything very carefully.

>Alternatively Dubai residency works too by buying a property there for like $500k
Yes, but you can never become a citizen there and you have to keep coming back every (6?) months to keep the residency active, plus Dubai is expensive as fuck and you might not actually want to live there.

>>56773227
>Is it a shithole
No, but there's an interesting dichotomy. You have nice little areas with multi-million dollar mansions. Then you have ghetto neighborhoods with poor people and crime. The average citizen is poor. But there is a very disproporitionate number of rich people there too. Nevis was my favorite place when I was there. Very beautiful and quiet.

>>56773232
>What about Link? Looks like a sure thing to me, now
Link is indeed interesting. I think it is promising.
However, nothing is "sure" in crypto to me anymore.

>>56773350
>Link is promising
It better be; I've 7 figures in it and it's my retirement plan..

>>56773366
>It better be; I've 7 figures in it and it's my retirement plan..
Just don't put all your eggs in one basket. A substantial sum if you wish, ok. But not all.

>>56773390
Q. Why won't the Basques be having a referendum on leaving Europe?
A. Because you can't put all your Basques in one exit

Ho ho

>>56773297
No, not American but my shithole country has income taxes and capital taxes like every other country i guess..
And i don't want to declare taxes for the rest of my life after using my credit card.

also it sucks that Nevis doesn't allow dual citizenship because i love to be around my family and visiting them only twice a year kindy sucks ngl

>>56773424
>also it sucks that Nevis doesn't allow dual citizenship because i love to be around my family and visiting them only twice a year kindy sucks ngl
Not sure what you mean here anon. Nevis is part of St. Kitts. The country is "St. Kitts and Nevis".

>No, not American but my shithole country has income taxes and capital taxes like every other country i guess
Then just leave that country and domicile yourself in a place that either does not have an income tax, or has a territorial tax system. Territorial tax systems only tax you on income you bring into the country or earn while inside the country.
You can become domiciled somewhere without acquiring citizenship. But the specifics of your situation should be brought to a tax professional's consultation.

So this threads is basically one retard trying to convince himself that he did not gave 165k for free to get a piece of worthless paper.

>>56772387
You paid 165k to still pay taxes in the USA? You might be a certified retard

>>56772257
You do have to pay capital gains on everything you own (investments wise) on renouncing though. The perks of US citizenship far outweigh any potential benefits, so brainless to renounce.

>>56773617
>You paid 165k to still pay taxes in the USA?
Incorrect. I don't have to pay anything for that. It's free of charge. One of the privileges of being an American.
However, I do have the option of renouncing anytime I want now. I haven't pulled the trigger on that yet, though.

Are there big booty negresses that crave bwc?

>>56773619
>You do have to pay capital gains on everything you own (investments wise) on renouncing though.
Not necessarily. If your networth is less than 2 million on the day you renounce, and you have paid less than an average of about $150,000 per year for the preceding 5 years in income taxes, then you don't need to pay any exit capital gains taxes.
However, if you do trip one of the above two requirements, then you are considered a "covered expatriate", and anything over $699,999 in assets is considered "sold" on the day you renounce, and you must pay taxes on it.

>>56773690
I don't know about craving BWC, but there are a lot of big booty black women there.

>>56773124
>Maybe you can elaborate on what you mean here. I'm not sure I follow. Generally speaking I'm not sure why they would care where you live.
Employers can be on the hook for payroll taxes and other employer regulations if one of their employees is overseas long enough to become a tax resident. Basically every company that knows what it's doing doesn't let you live overseas. Only way to get around it is (1) prey on the ignorance of your employer and the local tax authorities, (2) be a 1099 contractor or own your own business, or (3) find a company that already has a presence in that company and can handle your payroll.

If you look at DN forums, a lot of people talk about travel routers and elaborate setups to look like they're working from America. Surprised you haven't come across this before.

>>56773209
Look up the exit tax. You're forced to realize all gains on investments and pay taxes on that before you can renounce.

>>56773690
Based coomer.

>>56772439
First of all Congrats!
>No, but actual monkeys do steal a lot of the food that is grown there
you mean literal animal monkeys or just black people?

>>56774685
>>56773209
>Look up the exit tax. You're forced to realize all gains...
Not necessarily. See:
>>56773699

>>56774643
>If you look at DN forums, a lot of people talk about travel routers and elaborate setups to look like they're working from America. Surprised you haven't come across this before.

Yeah, I've never heard of all this DN nightmare stuff from employers (I don't have an employer), but I was going to say, on paper it would not be too difficult to look like you were in the US. You might run into problems if the company did not allow VPNs for example, etc.

>>56774734
Thanks!

>you mean literal animal monkeys
Yes.

>>56774752
Ty, the 2 million mark thing is pretty important to mention.

>>56774781
It's a pretty obnoxious process since most major VPN's are flagged and will set off alarm bells at the company. Most seem to settle for setting up a router in a family member's house and using that as a private VPN.

>>56774885
>Most seem to settle for setting up a router in a family member's house and using that as a private VPN.

Yeah... I imagine there's a lot of little things like that people do. Certainly I've experienced some degree of it just trying to open bank accounts while living abroad, or logging in to certain things.

>>56772226
>>56772241
>>56772257
I also hold St. Kitts citizenship and made the mistake of actually buying property on the island.
Most of the annual murders on the island are rich white guys being found washed up on the beaches written off as "accidental drownings"...
Their murder rate is much higher than actually reported.
Life on the island is basically a "pay to play" and "pay to be safe" kind of lifestyle.
If you're not networked in with the socialites who run the island, kiss your safety goodbye.
It's highly tribal and non-livable for reasons i've already posted.
While a St. Kitts passport may have advantages and tool like uses, there are better passports to have.

>>56775300
Leave the island as soon as you can.
The survival rate of rich white guys living in the Caribbean always goes to zero in less than a decade.
All of those islands are like Haiti, you just cant see it until you've had the scales fall from your eyes.
Protip: Uruguay has a tax free business zone like the Caymans. Immigrating there wont cost u anything. Just buy a house, stay there for 5yrs. Pass a test, and bingo...

>>56772189
Steve's on an uploading frenzy these days after that long drought - nice

>>56772523
I'm pretty sure anyone who can afford a vanuatu passport can get a visa for any country they want to visit. Also that visa free access isn't even permanent residence so if you're looking to do more than just get a tourist visa its the same amount of work.

>>56775474
Vanuatu is actually livable for a rich white guy.
Mostly because the native population there isnt 100% african in origin.
Its a mixed race originally started with a slave class from India and slave class from Africa.
So the Indian DNA wipes out the aggressive Negroid DNA making the people less violent than traditional 100% African DNA would.
Vanuatans are about as doscile as Hindu cows (bc they are partially Indians).
Way lower crime rate in Vanuatu compared to any Caribbean country.
Property market in Vanuatu is miles better than Caribbean. Better g/s options, less prone to "annual hurricanes" like u have to contend with in the Caribbean.
All of these things are why a Vanuatu passport will cost you about $360k last time I checked prices.

>>56772601
Sorry guys I’m confused about something

If you cash out your crypto and have it in a carribean bank so you don’t pay capital gains can you then send it to a EU bank without trouble? Or can you not move the money out of the bank account ? Like you have to use that account to pay for everything ?

>>56775507
If you send a fat wad of cash from the carribean to the EU it'll trigger AML and they'll ask where the money came from.

>>56773690
you don't have to be a citizen of the country to enjoy that

>>56775507
Whether you owe taxes or not depends on where you're a tax resident, not where your bank is based. If you're talking about evading taxes then that's another matter.

>>56775330
>Uruguay has a tax free business zone
Where is this?

>>56775474
>I'm pretty sure anyone who can afford a vanuatu passport can get a visa for any country they want to visit
It's not about the money it's about the hassle of getting one each time you want to travel somewhere.

>>56775500
Thats all a bonus but the point of these things isn't to stay tethered to one country its to have freedom. If you can afford cbi you can afford to travel. I doubt anyone who buys this would even have their "home base" in vanuatu. I know a lot of non citizen expats say they enjoy the place though.

>>56775565
well the entire point of building a passport portfolio is to have a real estate setup where you can "fall back" to safer countries in your livable zones of operation to avoid changing geopolitical fuckery such as WW3 giving way to unsafe living conditions in the US, Russia, and really any superpower country.
The novelty of a small tourist island like Vanuatu is that no one gives a shit politically to send in the military and take it over.
So its like the Switzerland of islands so to speak.
Whereas holding a passport in say St. Kitts is kinda useless beyond just renouncing and legally bringing your taxation level to 0%.
You can't live safely anywhere in the Caribbean if you are a white guy (unless you have armed 24/7 private security).
Thats my whole point, passport shopping is more than just having the legal document, its also about legally being able to hold residency in these countries just in case you need to.
Which is why picking passports in a "livable safe" country is more important than ever.
>nomadcapitalist.com for more.

What are some good places to live (not some shithole island) where you legally avoid paying taxes (specifically on crypto investments)? Willing to structure my investments in an offshore corporation or whatever if needed.

I'm not American and I was thinking of doing the 'perpetual traveler' thing and legally avoiding taxes that way, but I kinda feel like settling down at this point.

>>56775641
Well, in Brazil you legally dont pay taxes on crypto assuming you cash out less than $400k/yr.
It may be changing soon, but so far its the most favorable for crypto bros.
Immigrating to Brazil is a little more on the difficult side but if u are determined, portuguese is like a bastardized version of spanish.
easy to learn. '

>>56775652
Interesting. Florianopolis looks nice. I was hoping to cash out more than 400k/year though (if things go well). I definitely don't trust their government though, that rule probably will not last that long.

>>56773050
When you get taken hostage somewhere the U.S. sends guys with guns to get you back. That's the main reason, other countries like France will let you sit there and maybe pay a ransom

I will add just one more passport alpha post to this thread and i've gotta leave my workstation.

But the thing to do, and especially if you are into 8 fig territory is get a DIPLOMATIC VISA.
It is the golden goose of passports and achieving such a status isn't easy but you basically have to spend money on public works projects in the country in order to get it.
It's easier to achieve in poorer countries, bc you dont have to invest too much.
Also requires networking with political socialites.
But it is the tippy top of the AAA passport achievement portfolio and the total "end game" of travel visas.
Diplomatic passports unlock a whole new world of untouchableness especially when you are traveling abroad.
You get all kinds of freebies you'd never even expect btw. Got a friend who unlocked the achievement. It's peak /comfy/

any tips for finding a crypto accountant? help clean up old transactions etc?

>>56775641
>What are some good places to live (not some shithole island) where you legally avoid paying taxes (specifically on crypto investments)?
I think Germany doesn't have taxes on crypto, and Portugal had something like that but I don't know if they still do. I wouldn't expect any good tax policies to last long in western Europe.

>>56775652
>Immigrating to Brazil is a little more on the difficult side
Do you know about the real estate investment option to get residency and citizenship? I think there's a program where if you buy a property in an urban area for around $200k or more you get residency and can theoretically get citizenship in a few years, but I haven't seen any info from people that have done it. Supposedly they also give Portuguese citizens Brazilian citizenship after one year of residency, but I'm not sure if that works if Portugal is just a second passport you got.

>>56775680
>When you get taken hostage somewhere the U.S. sends guys with guns to get you back
When was the last time they actually did that?

>>56772387
>I live in SE Asia for now.
hmmmm

>>56772181
I became a citizen of Ireland for free. Stronger passport too

Where do you hold your crypto?

>>56775849
Yeah but you've got to pay tax and I suspect his long term goal is to avoid that.

>>56772181
Wouldn't it have costed less to just pay taxes when cashing out of crypto? Also how will you cope when the US pressures St Kitts into joining FACTA or some global minimum corporate tax scheme or some (((rules based economic order))) and you become a de factor subject of the US without any of the benefits of being a citizen?

>>56775680
Remind we again where Paul Whelan and Gonzalo Lira are.

aren't you lonely OP? are you at least developing or evangelising these thirdies? i can't see a point to this "digital nomad" lifestyle

>>56775300
>>56775330
but, but
>>56772818

>>56775300
Huh? Are you larping? I was there half a year and never heard of any drowings at all. And I can't find anything about that online. I know multiple people who live there pesonally (who I met), as well asam aware of multiple rich well-known people like Roger Ver, Jennifer Harding Marlin, and others, who live there without any incident at all. You make it seem like some war zone. I think when I was there there were two murders (no drownings), and they were like 19 year old ghetto kids stabbing each other. The country gets thousands of tourists a day sailing in to the harbor on cruise ships. Your "no safety" story doesn't even make sense.
>>56775330
>The survival rate of rich white guys living in the Caribbean always goes to zero in less than a decade
This is just blatant and obvious faggot larping or hyperbole. Tom Norfleet has lived there 20 years. Even Roger Ver has lived there for 10. He's a fucking billionaire.

>>56775474
>I'm pretty sure anyone who can afford a vanuatu passport can get a visa for any country they want to visit
Anon, I don't think you are really considering the ramifications of having a shitty passport. Even something as having a long connection at an airport can be a nightmare if you have no visa-free access. It can also cause headaches when applying for residence permits of some countries. It makes border runs a nightmare. etc. Vanuatu is a horrible passport for all of south America, all of North America, most all of Europe, most of Asia and most of Africa. I would never recommend it.

>>56775500
>All of these things are why a Vanuatu passport will cost you about $360k last time I checked prices
Huh? No, it costs $130K. It has never been anywhere near that expensive.
Even if you want to live in Vanuatu, there is no reason to spend 130K for their absolutely shit-tier passport. In fact, Vanuatu is a former commonwealth country, so former commonwealth's like St. Kitts have exellent visa-free/visa-on-arrival access to there. 99% of people who get citizenship-by-investment passports never even visit their passport country anyway.

>>56775507
Anon, you can't just acquire a passport in a country without an income tax, helicopter in there for a week, open a bank account, cash out your crypto, and send it back to the EU tax-free. It doesn't work like that.
Whether you are liable for taxes has everything to do with where you are domiciled, not what country you are a citizen of. The USA is the only country in the world that is an exception to that (they tax you based on your citizenship, so it does not matter where you are domiciled).

>well the entire point of building a passport portfolio is to have a real estate setup where you can "fall back" to safer countries in your livable zones of operation
I disagree with this as well.

>>56775627
>St. Kitts is kinda useless beyond just renouncing and legally bringing your taxation level to 0%
Even if that were true (and not a gross oversimplification), that is massive.

>You can't live safely anywhere in the Caribbean if you are a white guy (unless you have armed 24/7 private security)
Blatantly false:
>>56777045

>nomadcapitalist.com for more
A rich white guy who owns multiple Caribbean passports and recommends them to people all the time.

>>56775641
>What are some good places to live (not some shithole island) where you legally avoid paying taxes (specifically on crypto investments)? Willing to structure my investments in an offshore corporation or whatever if needed.
This is such a complex question. It depends what kind of income you are generating and it depends where you are wanting to live. Some countries have no income tax (pure havens). Some only tax you if the money is brought into the country (territorial). And many countries tax your worldwide income after 6 months of living there. Legal offshore structuring is an option but it depends where you are living.

>>56772261
kek, same

>>56775736
What country are you needing to file taxes for?

>>56772402
>Blew $165k on a worthless citizenship
>living in SEA
>thinks bitcoin is a failed project
Congrats, anons, you have yourselves a perfect reverse-index.

If you have these levels of resources and make these choices you're an idiot. He'll end up living like any other old fuck on social security/pension in SEA, in some mid shack with a 6/10 "wife" and some ugly kids who hate him.

>>56775849
>I became a citizen of Ireland for free. Stronger passport too
Only an option through marriage or descent. Not an option for most people.

>>56777198
This guy gets it.

>>56775870
Non-exchange wallets, mostly. Try to avoid exchanges due to security risks involved with hacks, etc.

>>56776497
>aren't you lonely OP? are you at least developing or evangelising these thirdies? i can't see a point to this "digital nomad" lifestyle
It's a good question. Firstly, it's not difficult to be a digital nomad and stay in the same place for years at a time.
Secondly, I hope to settle down one day with a good partner.
Third, I am no more lonely now than when I lived in the USA. The only difference is, I have more freedom and more money.

>>56777198
>>56777210
>If you have these levels of resources and make these choices you're an idiot
Maybe. It's always possible I am a just a lucky idiot.

>He'll end up living like any other old fuck on social security/pension
I hope not. But anything is possible. I never assume something can't happen, and I will continue to do everything I can to prevent financial destitution in my older years.

>in SEA
I already said I am leaving SEA. Not that that matters anyway.

>>56777360
If you want serious advice worth considering get yourself to a BRICS country. Establish a financial position. Russia and China are the best but India is a sneaky good option. This is where stability and growth will be in the coming decades.

>>56777375
>If you want serious advice worth considering get yourself to a BRICS country
I haven't said where I am going to, but I certainly consider all of the things you just mentioned.
I looked into Russian citizenship. It takes a number of years of full time residence and they are not a great place for taxes. Plus the war right now.
I would never want to live in China due to lack of basic human rights, constant surveillance, censored internet, etc. Plus they don't allow duel citizenship.
Brazil is interesting but so are a lot of South American countries.
India has a horrible passport and is not crypto friendly. Plus they don;t allow duel citizenship last I checked.

>>56777375
Also: if you mean just establish a bank account or investment in BRICS countries, sure. I am open to that.

>>56777397
Russia is pretty comfy for expats with money. I know several who live in Moscow/St.Petersburg. Getting a passport is whack though

>>56775830
>Supposedly they also give Portuguese citizens Brazilian citizenship after one year of residency
The interesting thing is if you become a citizen of a former Spanish Colony (most of South America excluding Brazil), you can then become a citizen of Spain after two years of residence.

>>56777483
>Russia is pretty comfy for expats with money. I know several who live in Moscow/St.Petersburg
Correct. I would have no problem spending some time in Russia. Eastern Europe in general, and certainly Russia, has been on my radar.

>>56777164
>>56777094
>>56777045
>>56776544
If you don't get it or don't believe it, I don't have time to convince you, sorry.

>youre either a dumb nigger or a retard who thinks living with niggers is a utopia (lol learn the hard way faggot)

>>56778079
Also, when replying to yourself during a larp session, don't forget to change your ID, faggot.

>>56778268
get killed by niggers on your little Saint Kitts faggot.
you're too fucking stupid to survive on that island for very long.
fucking idiot.

>>56778280
I don't live there faggot. Try to keep up

This was very informative. Thanks for spending time answering questions OP. Let's say you already had Russian citizenship, would that change your calculus? Would you live there?

>>56772439
>But after living there a few months, I really don't want to live there very much.

Sounds like money well spent.

>>56778501
>This was very informative. Thanks for spending time answering questions OP.
Thanks anon.

>Let's say you already had Russian citizenship, would that change your calculus? Would you live there?
Hm. Interesting thought experiment.
No, I would probably not live there full time, because then I would owe income taxes on my crypto and investing. Perhaps I could structure it in such a way to avoid that, but it would be easier just not to live there. I really don't want to keep track of and file complicated tax returns ever year.
Also with the war going on, as a male citizen, it's just another reason not to live there. It would be better to live in a place like the Philippinnes and not worry about income taxes (they have a territorial tax system which is favorable to foreigners).

I would certainly feel more comfortable renouncing my American citizenship if I had a Russian passport than if I had only a St. Kitts passport. The need for a St. Kitts passport would be reduced. I could renounce my US citizenship on a Russian passport, and get a 2nd passport in the Caribbean later on if I wanted. No reason to spend the extra money. Neither passport would be ideal for international banking and so on. Both are viewed with a degree of skepticism depending on where you are.
The passports are similar in travel strength. The main difference is that St. Kitts has visa-free access to western Europe and the UK. But that's about it. I wouldn't live in those places either.
Still no Japan, no USA, etc.

Pic. related is Russian passport visa-free access.

>>56778658
Sounds like you haven't been paying attention.
>>56772510
>>56777094
>>56772387

>>56778659
So you just don't want to pay taxes? Ok, I will leave you be Wesley. When are we getting Passenger 57 part 2 btw?

>>56777517
I thought that was only for people born there, not if you acquired the citizenship later?

>>56777215
And then when you convert it to fiat, do you not have issues with the KYC stuff exchanges do due to being nomadic?

>>56778715
Legally dingus. I want to avoid paying taxes legally. Not what Wesley Snipes did.
K0MPHT

>>56778728
The few brief things I've read just say citizens of former Spanish colonies. I haven't spoken to any immigration experts about it. Do you have more details?

>>56778845
>And then when you convert it to fiat, do you not have issues with the KYC stuff exchanges do due to being nomadic?
I am still an American, which means I still owe taxes no matter where I live. Therefore, I am registered as a resident of South Dakota for KYC and income tax purposes, to keep things simple. This is legal because South Dakota, Florida, and Texas allow perpetual travelers like myself to register their home address at a mailbox.
If I renounced my US citizenship, I would domicile myself in St. Kitts or some other tax haven. And/or, I would legally set up an offshore corporation and structure my activity within it and pay myself small dividends as needed, etc. I'm not sure of the specifics but this is an idea I have heard others talk about.

>>56779052
Gotcha. One of my issues with crypto has been the practically of converting to fiat.

>>56779064
Yes, you need a legal domicile somewhere. Being able to show things like a utility bill, tax ID number, residence permit, whatever they want to open the account. Stock brokers and crypto exchanges are wedded to your residence. Banks, at least in the US, are more tolerant. Many (not all), don't care where you live AFTER you open the account. It's up to their internal policy. Many would not be able to distinguish from a busy business person vs a nomad anyway.
In the US it's very easy to domicile yourself in one of the aforementioned states. The problem is, taxes.

>>56779064
>>56779119
For non-Americans, you have more legal corporation offshoring options.

>>56779119
Thanks for all the detail.

>>56779044
https://en.wikipedia.org/wiki/Spanish_nationality_law
>two years if the individual is a natural-born citizen (nacional de origen) of a country of Ibero-America

>>56777192
usa. its not a lot, and it was only token to token swaps (i did not transfer cash back to bank account) but i want to clean it up for when i have real gains

>>56772181
Why are you leaving SEA? What problems are you having? I used to live in Bangkok and loved it ( but that was a long time ago).
Has SEA become too unpleasant?

>>56777360
>It's possible I'm an idiot
If you genuinely think this, anon, then I've got bad news for you.
I don't think, for even a second, that it's possible that I could be an idiot; because I can demonstrably prove I'm not an idiot from the correct predictions I make about the world and the actions I take as a result.

>>56772734
>There is not one coin I would feel comfortable investing in for even a single year without checking on the news and following what's going on
guess youre retarded and missed chainlink. i got in ico and check maybe 2 times a year, still up major despite the huge crypto crashes. i dont even go in the link threads cause i think they are mentally ill. but yeah dont mistake your low iq for a bad market/coin

>>56779052
>n. And/or, I would legally set up an offshore corporation and structure my activity within it and pay myself small dividends as needed, etc. I'm not sure of the specifics but this is an idea I have heard others talk about.
yes this is what i am trying to do as well. defer taxes. looks like it is impossible to do with an american passport

>>56773576
ssshhhhh

oh shit they found the kfc

>>56772601
Thanks for this thread Anon, very interesting.

What is the reason to get a second citizenship/passport if you don't plan to live there and still have to pay US taxes? Just the potential for future renunciation of US citizenship?

>>56779192
Thanks for the update anon. 2 years confirmed only if you are a natural-born citizen there.

>>56779228
>usa. its not a lot, and it was only token to token swaps (i did not transfer cash back to bank account) but i want to clean it up for when i have real gains

This is OP "ukKxJjRV". My user ID changed to "cipbsMCt".

Yes, I know an expert precisely in this field. Let me ask you, approximately how many dollars in gains are you talking about cleaning up to become compliant? I mean, is it less than 25K? Less than 10K? Less than 100K? etc.

>>56779247
>Why are you leaving SEA? What problems are you having? Has SEA become too unpleasant?
No actually, I am leaving to a different place in the world to start working on a residence. Nothing wrong with SEA. See here:

>>56772996

>>56779403

>"a single year without checking on the news"
>>Checks news multiple times per year.

>"Link is indeed interesting. I think it is promising."
>>Thinks I believe LINK is a bad coin.

Calls me low IQ.

>>56779275
Ok then.

>>56779435
>"And/or, I would legally set up an offshore corporation and structure my activity within it and pay myself small dividends as needed, etc. I'm not sure of the specifics but this is an idea I have heard others talk about."

>>yes this is what i am trying to do as well. defer taxes. looks like it is impossible to do with an american passport

Options are very limited for Americans. That is not to delegitmize real measures you can take to reduce your taxes. For example, the top corporate tax rate is like 22% or something, and you can write off a lot of stuff. The top personal tax rate on the other hand is 37%. Holding coins over a year = longterm capital gains, which are only taxed at a max of 20% (soon to be 25%). Domiciling in a state with no state income tax is a must. Also, Puerto Rico's Act 60 is a true tax haven if you are wealthy enough to move down there and make a real estate investment. But there are a lot of hoops to jump through and you have to live there and your gains are only tax free above the price they were on the day you completed your move.
Moving overseas and getting your cost of living down to next to nothing is also an option, if you can. Find a country that is cheap and also will not cause you tax problems.
If you are making a lot of money, talk to a professional.

>>56779617
>Thanks for this thread Anon, very interesting. What is the reason to get a second citizenship/passport if you don't plan to live there and still have to pay US taxes?

Not much reason. The real benefit is being able to renounce. If you have zero plans of doing that, there isn't much benefit to it. I suppose there is some benefit, for example you get a few new countries that are visa-free (like Russia or China) depending on which CBI passport you get. If shit ever really hits the fan, like covid 2.0 or some ultra massive war, you have a second place to call home, in a country that is very unlikely to ever be at war.
But realistically, the real reason for an American to get a CBI passport is to renounce so they can stop paying US taxes and filing endless FBAR reports and so that they aren't restricted from investing in certain ICO's or trading on certain exchanges or opening certain bank accounts, etc. And that won't happen until you renounce.

>>56777198
Assblasted maxi
>>56772181
Great thread, OP. Thanks.

>>56779617

>>56780238
Actually anon, there is one significant benefit I didn't mention. It could very well be that CBI programs as we know them won't exist in the future. Maybe they will get cucked and submit to big EU/US pressure and stop doing it or they will be forced to mark new applicants' passports with some kind of indicator like "CITIZEN BY INVESTMENT". The opposition party in Vanuatu was recently talking about making all CBI passports yellow. Maybe they have to jack the prices up like St. Kitts did to a quarter million dollars, and then half a million, and then a million. Who knows. If you are loaded with cash, it's not a bad idea to consider it, even if you have no immediate plans to renounce.
On the other hand, if you know you don't want or need to do it, and you are not flush with tons of cash, than it is a huge sunk cost that you could be using elsewhere. It is also possible that by waiting, a new, even better CBI country will open up in the future. O the CBI you were considering loses all visa-free access to the countries you wanted, and you are glad you didn't get it. etc.

>>56777198
>in SEA, in some mid shack with a 6/10 "wife" and some ugly kids who hate him.
Ahh, the dream

>>56780313
>Great thread, OP. Thanks.
Thank you.

>>56780188
>longterm capital gains, which are only taxed at a max of 20% (soon to be 25%)
What? Can you show me something about them going up, I didn't know about that?

>>56780532
>"longterm capital gains, which are only taxed at a max of 20% (soon to be 25%)"
>>What? Can you show me something about them going up, I didn't know about that
I apologize, it appears the tax increase will not affect Longterm Capital Gains tax percentages.
The Trump Tax Cuts I was thinking of that get sunsetted after 2025 increase a number of taxes, but not longterm capital gains.

https://www.modwm.com/tax-rates-sunset-in-2026-and-why-that-matters/

>>56772181
Are the banks there and the Caribbean in general crypto friendly? What has your experience been like, withdrawing money from an exchange to your Caribbean bank account, assuming you have tried? What is the most amount of money you would recommend holding in a St. Kitts (or comparable CBI country) bank account (perhaps assuming you weren't a US citizen, if that makes a difference)? Thanks anon.

>>56780651
I was conflating the end of the Trump Tax Cuts on December 31st 2025 (which do not affect longterm capital gains), with the democrats plan to raise the top bracket on longterm capital gains to 25%. Their plan did not pass, yet.

>>56780659
Also
>t. non-American Antigua and Barbuda CBI participant, contemplating my next move

>>56780659
>How are the banks in the Caribbean?
See my answer here:
>>56772451

Basically they are terrible and I would not bank in any Caribbean CBI country. I can't speak for all of the Caribbean, but certainly not St. Kitts and I would assume all other CBI nations in the region are not good choices. Horrible user experiences, horrible websites, tiny in size, paranoid about everything you do, heavy restrictions... Bank somewhere else. I am not the only expat who has said this, either.

>>56780685
>>56780717
If you have the funds to renounce and buy a CBI passport, get a bank account in a top-tier country renowned for good banking. Note that CBI passports in general are viewed with skepticism when opening bank accounts. That's the nature of the game at this point.
By the way, generally speaking, you do not need to close your US bank accounts after you renounce. Your social security number is good for life. No reason to tell the banks you've renounced, though.

>>56780717
Thanks. I suppose I would be more concerned with having funds frozen or confiscated for some bullshit ZOG reason. Or them losing it somehow. I could live to a certain extent with bad UX, if that's all it is.

Is it safe to say that the truly rich who hold significant amounts of money in Caribbean banks do so in the more higher tier Caribbean countries?

>>56780746
Which country would you consider as a base for opening a bank account in a good banking country? It goes without saying that opening a foreign bank account while living in your country of origin is a pointless (at best) or bad (at worse) idea (due to CRS, etc).

>>56780778
>I could live to a certain extent with bad UX, if that's all it is.
No, that's not all it is. Literally the websites of some banks have not changed in 15 years. Passwords only allowed to be 9 digits long with no special characters... Inability to get bank statements older than a few months (if at all) without a special process. It's really bad. You can't even get an account unless you complete a month's long application process, get a letter or recommendation, prove where your wealth is located... and then if they approve you, they bog you with a miniscule limit of what you can deposit before they will reject incoming wires. They can absolutely freeze you any time they want. These are tiny little banks anyway. I would not trust them with millions of dollars.

>Is it safe to say that the truly rich who hold significant amounts of money in Caribbean banks
I think it's safe to say Ultra High Networth individuals do not hold any money in local Caribbean CBI banks. I would imagine they bank in places like Singapore, Switzerland, etc.
95% of people who buy CBI citizenship never even visit their country, or if they do, it's just a few days.

>>56772181
>Citizenship-by-Investment program
>pay hundreds of thousands of dollars to live with Africans

kek

>>56780806
>Which country would you consider as a base for opening a bank account in a good banking country?
There are a lot of smart people out there better equipped to discuss this than I. Singapore and Hong Kong used to be great, although I've heard they've gotten really difficult, especially if you are trying to do it on a Caribbean CBI country. The CCP is putting the kibosh on Hong Kong anyway.
The short answer is, I have not researched this enough. If and when I renounce, I will really do some digging. Generally, you want a peaceful, stable country with a stable currency, with a high GDP, that allows foreigners to bank there, and good privacy.
As an American, I can keep most my bank accounts after I renounce.

>>56780910
>>56778300

Most people are kind there anyway, faggot.

>>56780919
I am a bit worried that hopping straight from your home country to some other legitimate banking country might lead to some uncomfortable questions from your new bank, re: source of wealth and so on. That maybe sucking it up for a year or two in the Caribbean before relocating for good might be a safer approach (as you now have that residency buffer that I imagine could be useful, and you can still use your home country's passport to apply, at least as a non-American). Or perhaps I'm overthinking it and being overly paranoid.

>>56781077
Yeah I'm not exactly sure. I can tell you the process for opening a bank account in St. Kitts required proof that I had lived there for a little while. There are endless books, blogs, consultants, youtube videos, etc. dedicated to HNWIs opening offshore bank accounts in top-tier banking countries (not St. Kitts). I would consult an expert with your situation and what you desire. You are fortunate that you do not have American citizenship. You could literally domicile yourself anywhere in the world and no longer be liable for income taxes in your home country. US citizens can never do this. All you need is to find a way to domicile yourself in a country that does not tax foreigner's foreign earned income (outside the country), or, domicile yourself in a country which allows you to set up a corporation outside the country and only tax you based on what modest dividends you pay yourself. There are problably a million other things you could do. Again, consult an expert.
Literally, the only reason I am in this situation of buying a Caribbean CBI passport and considering renouncing my current citizenship is because I can never avoid paying an income taxn. Even if I never visit the US for 50 years.
Any other citizenship in the world with reasonable visa-free passport access would allow me to do what I want to do and live a tax-minimal life. The only other reason I would buy a CBI passport is if I was from a country like Syria or Somolia with a horrible passport and discrimination.

>>56781181
OP here. My user ID changed again. It is now "l7qcaH5P".
Originally "ukKxJjRV" and formerly "cipbsMCt"

>>56775849
I qualify for the naturalization by association how do i do it for free? I only get scammers wanting to do it for 3k

>>56777198
Agree.
Can someone explain what is the point of getting a citizenship there? For avoiding taxes or real estate investments? My idea would be to go away from black people as possible...otherwise what if someone stabs you on the way to grocery store...

OP here
I am a huge FAGGOT

>>56774885
I work for a US employer (full WFH) but have lived abroad for about 10 years now. I'm definitely not allowed to work from abroad, but I just kept a US-based address, maintain a "don't ask, don't tell" arrangement with my direct manager (she knows I go on "extended working vacations" sometimes), and I never expense flights on the rare occasion that I need to fly somewhere for meetings. The VPN team could definitely tell that I work the whole year abroad, but no one cares enough to connect the dots and I don't even think they keep more than a few months of logs anyways (it's a big company). It started with "I'll just work a couple months until someone tells me to stop", but it's been 10 years now and no one cares at all.

As for taxes, I claim the $110k FEITE every year. From my employers' perspective, they still withhold usual amount (as if I was working in USA), but every year I just get a massive refund once I apply the exclusion. This lets me save like $40k/year on taxes, which pays for basically all my living expenses (and more), so I just bank my entire salary every year. In my host country, it's a bit of a gray area as to whether I'm supposed to pay taxes, but I just larp as an "independently wealthy retired person", and they have no record of any of my income. All in all, pretty comfy desu.

>>56781181
>I can tell you the process for opening a bank account in St. Kitts required proof that I had lived there for a little while
That's a bit disappointing, especially as a citizen. So they expect you to just continue relying on your origin country's banking infra to pay for living expenses while you reside in St. Kitts, for however long it takes, and if there's an issue with either your application or your banking at home, well, too bad for you, starve and go homeless?

>>56780238
>>56780339
>>56781198
Gotcha. Thanks. Been considering this myself and appreciate your insight.

>>56775300
this is the stuff that scares me from doing it
but on the other hand there are so many people that verifiable live there for years unharmed
and your post sounds exactly like the kind used to fud newfags away
most of the carib countries have been tax havens for a whole variety of british people for over 6 decades now
if you assume basic opsec like you would in any western large city how bad could it be if 1000's of tourist walk there freely

tho if you follow the news there were a lot of high profile crypto people whacked the last 2 years, but this wasnt limited to the caribbean region at all

>>56773240
what are these financial products you are referring too? the eu is far less cucked than the usa in exotic trading products