Bybit seems to have quite some bad reviews on Trustpilot, and it seems to me that customer service takes ages to sort out problems like frozen funds, airdrops, etc.
Not mentioned is the fact that crypto to crypto transactions are always tax free in Portugal, only crypto to fiat transactions may be taxed, if less than 365 days passed since the last time you exchanged the crypto you sold to fiat. That's a hugely important detail
Great video Nick. Definitely would love to see a more detailed video on Dubai… my goal for 2025 is to get out of the UK so this was great for places to start researching
I've heard that Germany has a horrible fee/interest system. A friend of mine studied over there & she said it's one of most greedy and rude places she's ever lived
The Czech Republic will have 0% tax on crypto held for 3+ years starting from tomorrow hah. 3 years is not the greatest timeline but better than nothing.
"Specifically, Dubai" mentioned, but the crypto tax law seems to apply to the entire UAE, so it could be Abu Dhabi or the rest of seven Emirates. Personally I find Dubai a bit too artificial and Abu Dhabi (the capital of UAE) is a lot more preferable as it's more laidback and there are many gardens and trees.
Portugal housing really expensive unless it's many miles inland - homes cold in the winter - cost of living isn't as cheap as you think, Português citizens getting fed up with people moving there as they're financially struggling & salaries are pretty crap!
well thats good to know.. i'd hate to visit or move into a place where i'm told it's great for foreigners, but the local people are marching and protesting in the streets barcelona style🤣 therefore, i think thailand is still on the top of my list to expatriate to.
The lowest wages in Western Europe!! The oldest country in Europe also!! Ive surfed Portugal 🇵🇹 many times and it’s a beautiful country. The influx of immigrants has destroyed prices for locals (completely destroyed it) it’s sad
@slackHoffman Same, I've surfed a number of spots in Portugal ( my ex wife is Português ) & witnessed things first hand. Like you mentioned, it is sad with what's been happening there.
Worst still is the EU forcing migrants into Portugal, Islam on the growth… I think Portuguese would prefer crypto bros ove Islamic turd world migrants.
I´m kind of surprised that nobody ever mentions Isle of Man as a tax heaven where it offers a lot of value in terms of wonderful life style and low crime.
If you grace me the title of someone, I left Dubai for UK 12 years ago and to Isle of man 2 years ago. All relative. So many crypto investors here. Forget about Dubai trend. The winners in Dubai are the ones moved there 15 years ago when it was not trendy Dubai @@formxshape
Switzerland would be the best country. No capital gains taxes and government that is crypto friendly. Also, most of the relevant crypto companies are located there.
@@natnason6184 Fair point. But have you checked the purchase power you have in Switzerland? It's easily the best in Europe. Can't speak for Dubai though. Climate is way better than people might think too. Two climate zones are meeting up in Switzerland. I fail to see how Switzerland is not in the top 3 here but please change my mind.
2k euro Lisbon is 5 times cheaper than $2k Dubai in cost of living? .. interesting math 28% Portugal CGT is NOT low!!! and no longer a very safe country 10% is low (Bulgaria, Romania) 0% is ideal Dubai, Georgia (not a safe country lately) Malta .. is a joke
The 5 countries are so far out and away from the centre of things. In Singapore, there is no capital gains tax. So your profits in crypto will not be taxed, fullstop.
I'm Australian and thinking of using a cold wallet to sell locally on Singaporean exchange to escape the huge CGT the Australian government grabs for themselves 😊
Never been to Dubai. Everything seems man made, no nature. Is there anything else there wich is not about showing others how rich you are? That's the impression I have of the place. I wonder if it's correct.
I've heard that Antarctica has NO tax on anything, has an abundance of free land, hardly any people and has as much snow as you can eat, for Freeeeee 😮😂 Golden Visa = do you have loads of money that we can take off you for giving you a fake passport 😂😮
The Netherlands is also favourable with its 0% capital gains tax policy. Only wealth tax applies, but it doesn't if you are an expat with the 30% rule policy.
Wait, so you lived there & you must have sold crypto & became wealthy, right? So you came back to the US & have regrets why? Why not go back or you can't?
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Charlotte Grace Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Has to be in your name as a Portuguese resident and the exchange cannot be based in a tax haven. Also, not tax on crypto to crypto transactions regardless of holding time
Tax are applied when you sell crypto for FIAT or when buying using crypto as payment. If you use a no KYC and no spending goes through an account linked to your finances, it can't be tracked.
I assume, it is because Metamask is not an off ramp from crypto to fiat. So you get taxed once you convert (or transfer) your gains from your exchange or wallet to your bank etc.
You forgot to include Hungary, lowest corporate tax rate in the EU, at a 7% and a Crypto tax rate at a 15% or even lower. I currently hold a Portuguese entrepreneur visa, but it has been pain in the a… to renew because the SEF not longer exists and the government doesn’t have $$ for a new immigration department.
Ehm the info about portugal is wonky at best. Cost of living is rather high because of all the digital nomads. It is not longer a desired country for many with online (crypto) income... Also puerto Rico: PAY ZERO TAX... but you do get bad healthcare and hurricanes... really? :D Why on earth would you sacrifice your health for no tax...
Although Hong Kong gets a bad rap in the press for geopolitical reasons, it’s really a great place for crypto: zero capital gains tax, crypto friendly regulations, zero GST/VAT, and it’s one of the safest and most comfortable places to live on the planet.
@@kenlewis2253 comfort ultimately depends on personal preference. Personally I’d say it means world class infrastructure, connectivity both physical and virtual (2000mb internet for USD25/month and rolling out 25Gbps fiber now), access to great food, world class medical and financial services… etc… People who want to stay away from the crowds can easily live in quiet areas such as outlying islands, near country parks (little known fact: over 70% of HK is protected countryside) or near the many beaches e.g. in the many villages dotting the coastline or parts of the New Territories …
But if you’re from the US and you move to any of these countries you’ll have to file taxes in the US, and if you don’t owe any capital gains taxes in your new country you’ll have to pay in the US.
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Bybit seems to have quite some bad reviews on Trustpilot, and it seems to me that customer service takes ages to sort out problems like frozen funds, airdrops, etc.
My broke ass watching how to avoid tax instead of making profits first
😂
Majority of ppl on here😂
🤣🤣🤣 me too
In Croatia tax on capital gain is 12%,after 2 years tax free
Not mentioned is the fact that crypto to crypto transactions are always tax free in Portugal, only crypto to fiat transactions may be taxed, if less than 365 days passed since the last time you exchanged the crypto you sold to fiat. That's a hugely important detail
Can you trade alts/btc to usdt without being taxed and vice versa?
Great video Nick. Definitely would love to see a more detailed video on Dubai… my goal for 2025 is to get out of the UK so this was great for places to start researching
We need the moving to Dubai logistics video
Germany has also no tax on long-term crypto capital gain tax (holding more than 1 year)
One year and one day
I've heard that Germany has a horrible fee/interest system. A friend of mine studied over there & she said it's one of most greedy and rude places she's ever lived
But how should they know if it was more than one year and when kept in a cold wallet.
@@tiyes94 You have to buy it somewhere. If you cannot prove it, then it will be assumed that you have bought it recently.
@@peterdawabi5676 ok, good to know! So that means if you bought your crypto without KYC that you can not make use of that 1 year tax regulation...
Happy new year from Georgia! 🥂🌲🇬🇪
How about the smaller European republics such as: Gibraltar, Andorra, Monaco, Lichtenstein, San Marino…???
The Czech Republic will have 0% tax on crypto held for 3+ years starting from tomorrow hah. 3 years is not the greatest timeline but better than nothing.
Make a Dubai living video please and thank you mate
"Specifically, Dubai" mentioned, but the crypto tax law seems to apply to the entire UAE, so it could be Abu Dhabi or the rest of seven Emirates. Personally I find Dubai a bit too artificial and Abu Dhabi (the capital of UAE) is a lot more preferable as it's more laidback and there are many gardens and trees.
Dubai only video pls guys!! been travelling there many times and love the place, would really be interested in a deep dive from experienced expats!
Amazing post & information. I took advantage of the 200% deposit.
@CoinBureau team Dubai moving process video? Yes please!!!
Happy New Year
cheers. Malta was on my list
Portugal housing really expensive unless it's many miles inland - homes cold in the winter - cost of living isn't as cheap as you think, Português citizens getting fed up with people moving there as they're financially struggling & salaries are pretty crap!
well thats good to know.. i'd hate to visit or move into a place where i'm told it's great for foreigners, but the local people are marching and protesting in the streets barcelona style🤣 therefore, i think thailand is still on the top of my list to expatriate to.
The lowest wages in Western Europe!! The oldest country in Europe also!! Ive surfed Portugal 🇵🇹 many times and it’s a beautiful country. The influx of immigrants has destroyed prices for locals (completely destroyed it) it’s sad
@slackHoffman Same, I've surfed a number of spots in Portugal ( my ex wife is Português ) & witnessed things first hand.
Like you mentioned, it is sad with what's been happening there.
Real estate cost like in the Netherlands salaries are 1/3 of NL
Worst still is the EU forcing migrants into Portugal, Islam on the growth… I think Portuguese would prefer crypto bros ove Islamic turd world migrants.
Luxembourg 🇱🇺 No capital gain tax after 6 months of holding asset. Good healthcare, quite high cost of living.
In switzerland you also won‘t have to pay tax on funds which are being held longer than 1 year
Turkey also has 0% tax on crypto. Only 0.1 - 1% for transactions to a Turkish exchange or a Turkish bank
And Turkey has one of the highest inflation in the World
@ so don’t hold Turkish Lira
I´m kind of surprised that nobody ever mentions Isle of Man as a tax heaven where it offers a lot of value in terms of wonderful life style and low crime.
& awful weather!
Probably because no one would seriously want to live there.
So no Labour Party?
Quality of weather is relative mate. Dubai to me is the most awful@@andrewtaylor6737
If you grace me the title of someone, I left Dubai for UK 12 years ago and to Isle of man 2 years ago. All relative. So many crypto investors here. Forget about Dubai trend. The winners in Dubai are the ones moved there 15 years ago when it was not trendy Dubai @@formxshape
I’m a residence of PR. An Act 60 Decree must be filed and approved before you get those tax benefits. I used PRelocate to file my decree.
Yeah ... please I like to have some infos about Dubai (Ups&Downs)
from an real insider.
After all I wishing ALL -> a happy new Year 🎉
Thinking about The Philippines for retirement in a couple of years' time. Let's see how the stacking goes...
Same!
Yes, please, make a video about your experience relocating to Dubai
Why was Switzerland not included?
Switzerland would be the best country. No capital gains taxes and government that is crypto friendly. Also, most of the relevant crypto companies are located there.
It's ridiculous honestly. Switzerland is number one. Even Dubai people say they prefer Switzerland instead of plastic/fake Dubai.
@@mikatu cost of living is quite high
@@natnason6184 Fair point. But have you checked the purchase power you have in Switzerland? It's easily the best in Europe. Can't speak for Dubai though. Climate is way better than people might think too. Two climate zones are meeting up in Switzerland.
I fail to see how Switzerland is not in the top 3 here but please change my mind.
Sure...please get a video exclusive on Dubai visa/business/investing...etc.,
Can you make a video about Dubai ? Usage of crypto in day to day transactions , Buying a property etc .
Yes please do a moving to Dubai Video !!!!!!
Incredible video! Your clarity and depth of knowledge make your content so valuable.
2k euro Lisbon is 5 times cheaper than $2k Dubai in cost of living? .. interesting math
28% Portugal CGT is NOT low!!! and no longer a very safe country
10% is low (Bulgaria, Romania)
0% is ideal Dubai, Georgia (not a safe country lately)
Malta .. is a joke
I have Romania, 10% is ok and life is not too expensive even if food prices are însăne
I think he was comparing to 10K cost of living on Dubai.
awesome video Nick
The 5 countries are so far out and away from the centre of things. In Singapore, there is no capital gains tax. So your profits in crypto will not be taxed, fullstop.
Absolutely. One of the many reasons Singapore is an economically and ethically superior country.
But living there cost a kidney and à half...
I'm Australian and thinking of using a cold wallet to sell locally on Singaporean exchange to escape the huge CGT the Australian government grabs for themselves 😊
Please tell more on Dubai! I hear that (Sark) next to Jersey is Tax free
Romania have 10% taxes on crypto
Georgia instead of switzerland is crazy
Absolutely insane. Georgians are moving from Georgia to Switzerland...
Why Not El Salvador 🇸🇻?
Lol
They said "countries with good quality of life"
Maybe in 5-10 years
El salvador is being hated on.. life is great
Plus it's IMF and World Bank owned
Plus it's IMF and World Bank owned
It would be nice to see a video about your tips for moving to Dubai
Slovenia has 0% tax on crypto.
Germany is taxfree after 366 days as well. Trading is capital gains tax (spot), futures and such 25%
The weather cant compete with Portugal though
Belgium has no tax on any capital/investment gain if held without trading for a few years...
Lololol
Hello from the Isle of Man, crypto friendly, no capital gains tax.
I’m moving there in March and struggling to find a bank to set up crypto business with. Any suggestions?
Yeah, but looks like a boring place.
No CGT and no sunshine either!
Thank you, very interesting! Happy new year! 🥳
Never been to Dubai. Everything seems man made, no nature. Is there anything else there wich is not about showing others how rich you are? That's the impression I have of the place. I wonder if it's correct.
It's a fake place & somewhere I'd like to visit again as I didn't have time to do everything I wanted, but certainly wouldn't want to live there!
Your impression is 100% correct. I found the soulless city structures very depressing to live in in the long term.
Great place if you like sand!!
You get residence there if you really made a lot with crypto, otherwise no need to go there
Show us a full dubia video please
If you dont file, there is no agreement.
This right here is THE secret answer. Move on......
😂
16:00 ...and there goes the power grid in Puerto Rico! 😅🇵🇷
😂👍
Capital gains tax in Switzerland : 0.0 %
Who built Dubai's world class infrastructure, how are they treated?
thanks Thor
I've heard that Antarctica has NO tax on anything, has an abundance of free land, hardly any people and has as much snow as you can eat, for Freeeeee 😮😂
Golden Visa = do you have loads of money that we can take off you for giving you a fake passport 😂😮
Romania has 1% starting from 01.01.2025
Cum așa? Nu este 10%?
Well, power is down in Puerto Rico 🇵🇷 😅
The Netherlands is also favourable with its 0% capital gains tax policy. Only wealth tax applies, but it doesn't if you are an expat with the 30% rule policy.
crypto is also taxed very little, at least for now, hope it stays that way
What's the 30% rule?
Czech Republic has 0% CGT for assets held more than 3 years.
I’m moving to Dubai
yes Dubai vid please
Was living in Abu Dhabi and made the HUGE mistake of moving back to the US. I like Abu Dhabi much more than Dubai, personally….
Wait, so you lived there & you must have sold crypto & became wealthy, right? So you came back to the US & have regrets why? Why not go back or you can't?
@@solonepeon5805lol😂how did you get that conclusion bro
How are women treated there?
If you are a US citizen you still have to report taxes to the US. No?
Come back bro , Abu Dhabi loves you too
Dubai, it's fookin hot 🔥 😂😮😂
It gets in to the 50’s and is a parched soulless desert 🏜️dump
It’s hotter than the surface of the sun well feels like it ugh Can’t handle it
You missed Panama 👌
Hong Kong... Safe, great weather, food... super expensive housing tho.
No capital gains tax in New Zealand
New zealand does have no capital gains on real estate and other assets but it does not apply to crypto which is taxed at a high rate when sold
Cyprus is also a great choice with 0% taxes on crypto
It also has precedent on robbing people of their money.
Which side, Greek or Turkish 😮😂
the turkish side if I remember correctly
@@UnKnownv5How did they do that?
So to be clear a US citizen could locate themselves in Puerto Rico for half the year and then pay no United States federal income tax?
No. US citizens are still subject to income tax up to a certain amount of earnings even if living in another country.
Dubai is a stifling dump that comes at a hefty price . I’ve been twice and it’s the last place on earth I’d call home, it wears off awfully quickly !
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October
2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Charlotte Grace Miller.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
This sounds so good andi would like to be a party to this, is there any wayl can speak with her?
FXMILLER 16 💯.. that's it
Ffs stop chilling Portugal we are already struggling
Lol huh?
Too many muslims from all over the world due to open borders?
Your right we should stop shilling Portugal…..
HEYYYYYYYY EVERYONE BEFORE ITS tooo LATE move to PORTUGAL amazing CRYPO benefits!!!!!!
Germany: No taxes on crypto after 1yr holding.
does it have to be held in a Portuguese (Resident) account or is it in your name only ?
Has to be in your name as a Portuguese resident and the exchange cannot be based in a tax haven. Also, not tax on crypto to crypto transactions regardless of holding time
serious question: how can they tax you if you send it to metamask or some other form of anonymous (no kyc) self custody wallet?
When you put it in your bank account. 😂
Tax are applied when you sell crypto for FIAT or when buying using crypto as payment. If you use a no KYC and no spending goes through an account linked to your finances, it can't be tracked.
I assume, it is because Metamask is not an off ramp from crypto to fiat. So you get taxed once you convert (or transfer) your gains from your exchange or wallet to your bank etc.
from the moment I understood the weakness of my fiat, it disgusted me.
I craved the untaxability and certainty of crypto...
@CoinBureu why did you put russian city pictures in video about Georgia? Not cool
How much is tax in swiss for trading perpetual?
I think The Czech Republic have only 15% flat tax on crypto
More on Dubai ✌️
Em.. Georgia is on fire lad 😂
some like it 🌶️
Flare 🎉🎉🎉🚀
We would love to hear more about conditions in Dubai. It sounds great and would be convincing for me if it isn't under islamic law, I guess?
You forgot to include Hungary, lowest corporate tax rate in the EU, at a 7% and a Crypto tax rate at a 15% or even lower. I currently hold a Portuguese entrepreneur visa, but it has been pain in the a… to renew because the SEF not longer exists and the government doesn’t have $$ for a new immigration department.
You seem confused. AIMA replaces SEF. The change was not meant to save money, it actually translates into more spending
Slovenia ?!?
✋From Portugal here, if anyone needs help
Have you also cinsidered Mauritius ?no tax I believe
can a person with a felony conviction move to the uae? Even if it’s 25 years ago?
Ehm the info about portugal is wonky at best. Cost of living is rather high because of all the digital nomads. It is not longer a desired country for many with online (crypto) income... Also puerto Rico: PAY ZERO TAX... but you do get bad healthcare and hurricanes... really? :D Why on earth would you sacrifice your health for no tax...
For the sunshine like we do in Fl
healthcare is overrated, see the crown scam of 2020-2022
Personally I could not live in the desert I'm used to tropical paradisiacal places.
Dubai only video yes please±
How's Dubai for women?
Safe
thx
how can you get residency in Dubai? No way..
Although Hong Kong gets a bad rap in the press for geopolitical reasons, it’s really a great place for crypto: zero capital gains tax, crypto friendly regulations, zero GST/VAT, and it’s one of the safest and most comfortable places to live on the planet.
Comfortable? Cold winters, humid AF summers, and busy/loud. I love visiting, but it wouldn’t be a place I’d want to live.
and 30m2 studio for 3k usd/month 😀
@ guess everyone’s definition of ‘cold winter’ differs but 15-20°C in winter on average would be very mild for most people
and you can always get arrested for political reasons…
@@kenlewis2253 comfort ultimately depends on personal preference. Personally I’d say it means world class infrastructure, connectivity both physical and virtual (2000mb internet for USD25/month and rolling out 25Gbps fiber now), access to great food, world class medical and financial services… etc…
People who want to stay away from the crowds can easily live in quiet areas such as outlying islands, near country parks (little known fact: over 70% of HK is protected countryside) or near the many beaches e.g. in the many villages dotting the coastline or parts of the New Territories …
I heard Bhutan is also decent
Good luck getting residency
@kenlewis2253 yeah, I don't know much about that. Just heard they are crypto friendly.
Croatia
ever heard of gaar?
8:50 is it though? This data is way off
How about Thailand, Philipines,Vietnam
I'm thinking the very same, cost of living there is really cheap & I'm thinking of moving to the Philippines...
But if you’re from the US and you move to any of these countries you’ll have to file taxes in the US, and if you don’t owe any capital gains taxes in your new country you’ll have to pay in the US.
Even if you throw away your passport, they'll still try to hit you!
You still have to pay taxes to your country of citizenship, especially if it's the US
I think only the US does that madness
Have you considered Poland in your research ?
Thanks Nick, I'm putting my cat fluffy on ebay as we speak