Top 5 Crypto-Friendly Countries to Save on Taxes in 2025
Published: 2024-12-31
Status:
Available
|
Analyzed
Published: 2024-12-31
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Dubai is positioning itself to be a global center for crypto and blockchain innovation with a focus on investor protection and economic growth.
"Vara aims to make Dubai a global hub for crypto and blockchain Innovation while protecting investors and promoting economic growth"
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VARA is intended to make Dubai a global hub for crypto and blockchain innovation, providing regulatory clarity and investor protection.
"Vara is responsible for licensing of approved vasp that's virtual asset service providers and of course enforcing compliance with anti-money laundering laws Vara is a breath of fresh air in an industry struggling for clarity from other Regulators around the world in fact Vara aims to make Dubai a global hub for crypto and blockchain Innovation while protecting investors and promoting economic growth"
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Monthly living costs in Dubai are estimated to be $1,500-$2,500 for a single person and $6,000-$10,000 for a family of four.
"a single person can expect to spend anywhere between 5,600 and 9,300 Durham per month which is roughly 1,500 to 2,500 $500 meanwhile a family of four spends between 22,000 to 37,000 Duram per month which is around 6,000 to 10,000 USD"
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Monthly living costs in Dubai are estimated at $1,500-$2,500 for a single person and $6,000-$10,000 for a family of four.
"the cost of living in Dubai is fairly high on average a single person can expect to spend anywhere between 5,600 and 9,300 Durham per month which is roughly 1,500 to 2,500 dollars meanwhile a family of four spends between 22,000 to 37,000 Duram per month which is around 6,000 to 10,000 USD"
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Dubai is considered one of the safest cities globally with virtually no crime.
"Dubai is one of the safest places on Earth There's virtually no crime here"
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Dubai offers high-quality healthcare, excellent roads, supersonic internet, widespread English use, and is considered one of the safest places with virtually no crime.
"it has high quality Health Care some of the world's best roads and direct flights to many of the world's top destinations you'll also get supersonic internet speeds and communication should be easy since English is widely spoken best of all you can take comfort knowing that Dubai is one of the safest places on Earth there's virtually no crime here"
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Dubai's Golden Visa offers long-term residency for 5 to 10 years.
"these are long-term residence visas that are issued from anywhere from 5 to 10 years"
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Dubai's Golden Visa offers long-term residency (5-10 years) and can be obtained through business investment, special talent, or property investment.
"these are long-term residence visas that are issued from anywhere from 5 to 10 years there are a number of roots to get this Visa type including business investment special talent or property Investments"
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In Portugal, crypto held for less than a year is taxed at 28% capital gains tax.
"any crypto sold that's been held for less than a year is subject to a flat capital gains tax of 28%"
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In Portugal, crypto held for less than a year is taxed at 28% capital gains tax, while gains on crypto held for over a year are tax-free.
"any crypto sold that's been held for less than a year is subject to a flat capital gains tax of 28% well for one 28% is actually quite competitive compared to many other countries but primarily it's because gains are still free if you've held crypto for more than a year"
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In Portugal, crypto gains are tax-free if the asset has been held for more than one year.
"gains are still free if you've held crypto for more than a year"
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Portugal has one of the lowest costs of living in Western Europe, with monthly expenses for a family of four around $2,500.
"Portugal also happens to have one of the lowest costs of living in Western Europe housing is surprisingly cheap and the living costs for a family of four are around €2,300 or about $2,500"
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Monthly living costs for a family of four in Portugal are approximately $2,500.
"the living costs for a family of four are around €2,300 or about $2,500"
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Portugal ranks as the 7th safest country globally and 5th in Europe according to the 2024 Global Peace Index.
"according to the 2024 Global Peace Index Portugal is the seventh safest country in the world and the fifth safest in Europe"
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Portugal ranks as the 7th safest country globally according to the 2024 Global Peace Index.
"according to the 2024 Global Peace Index Portugal is the seventh safest country in the world"
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Portugal's Golden Visa can be obtained via capital transfer (investment fund, research, artistic production) or business creation (starting a company, creating jobs).
"there are two different routes to obtain this including through a capital transfer or through business Creation in the case of the former that's an investment into an investment fund research initiative or artistic production and in the case of the latter that's to start a company and create new jobs"
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The Portugal Golden Visa can be obtained through investment in funds, research initiatives, or artistic production.
"an investment into an investment fund research initiative or artistic production"
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Individual crypto investors in Georgia pay zero capital gains tax as crypto is not considered Georgian sourced, but entities face a 50% corporate profit tax.
"crypto investors will pay zero capital gains tax or that on any sales and that's simply because crypto is not considered as Georgian sourced by the country's Ministry of Finance however this only applies to individual crypto investors if trading is done by an entity registered in Georgia they'll be subject to a 50 % corporate profit tax"
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Portugal ended its property investment route for obtaining a visa in late 2023.
"unfortunately our Portugal did n the property investment route in late 2023"
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Monthly living costs in Georgia are approximately $1,500 for a single person and $2,700 for a family of four.
"a single person can expect to spend somewhere around 4,300 Georgian Larry per month which is roughly $1,500 for a family of four that figure is around 7,600 Larry which is about $2,700"
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Individual crypto investors in Georgia pay zero capital gains tax as crypto is not considered Georgian sourced.
"crypto investors will pay zero capital gains tax or that on any sales and that's simply because crypto is not considered as Georgian sourced by the country's Ministry of Finance"
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Georgia ranks 20th in the world according to the 2024 International Crime Index.
"Georgia scores quite well here ranking 20th in the world according to the 2024 International crime index"
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Crypto entities registered in Georgia face a 50% corporate profit tax and a 5% dividend tax.
"if trading is done by an entity registered in Georgia they'll be subject to a 50 % corporate profit tax and there's also a 5% tax on any dividends that are paid out"
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Georgia offers 5 visa categories (A, B, C, D, T). Category D (Immigration Visa) is recommended, specifically D1 for work or D5 for real estate investment.
"visas are given five categories A B C D and uh T what we want is category D the immigration visa most likely you'll want to go for the D1 which is Georgia's work visa that is unless you plan on owning real estate in which case you'll probably go for the D5"
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Monthly living costs in Georgia are approximately $1,500 for a single person and $2,700 for a family of four.
"a single person can expect to spend somewhere around 4,300 Georgian Larry per month which is roughly $1,500 for a family of four that figure is around 7,600 Larry which is about $2,700"
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Puerto Rico offers 0% capital gains tax on crypto profits for residents staying over 183 days, and crypto businesses benefit from a 4% corporate tax rate.
"residents pay no capital gains tax on crypto profits provided they've resided there for a minimum of 183 days in the year meanwhile crypto businesses benefit from a low corporate tax rate of 4% much lower than the 21% on the US Mainland"
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Georgia ranks 20th globally in the 2024 International Crime Index.
"Georgia scores quite well here ranking 20th in the world according to the 2024 International crime index"
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Monthly living expenses in Puerto Rico are estimated at $2,600 for a single person and $4,900 for a family of four, with lower housing costs than the US mainland.
"the cost of living is generally cheaper than the mainland 2 with housing costs being considerably lower a single person can expect monthly expenses of around $2,600 and a family of four it's around $4,900 USD"
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Category D, the immigration visa, is recommended for Georgia, with D1 being the work visa.
"what we want is category D the immigration visa most likely you'll want to go for the D1 which is Georgia's work visa"
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Puerto Rico is prone to hurricanes, and while forecasts provide warning, it's an important factor to consider.
"the island is prone to hurricanes satellite forecasts usually provide plenty of warning when one is incoming but still definitely something to keep in mind"
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Puerto Rico residents pay no capital gains tax on crypto profits after residing there for at least 183 days per year.
"residents pay no capital gains tax on crypto profits provided they've resided there for a minimum of 183 days in the year"
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To qualify for Puerto Rico's tax breaks, individuals must establish their primary home there and spend at least 183 days per year on the island.
"you need to set up your primary home in Puerto Rico and spend at least 183 days there before you can take advantage of those sweet tax breaks"
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Crypto businesses in Puerto Rico have a corporate tax rate of 4%, significantly lower than the US mainland's 21%.
"crypto businesses benefit from a low corporate tax rate of 4% much lower than the 21% on the US Mainland"
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Monthly living costs in Puerto Rico are approximately $2,600 for a single person and $4,900 for a family of four.
"a single person can expect monthly expenses of around $2,600 and a family of four it's around $4 4,900 USD"
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In Malta, crypto profits held for over 12 months are generally tax-exempt. Crypto held for less than a year is taxed at personal income tax rates (15%-35%).
"profits from crypto held more than 12 months are generally exempt from capital gains tax conversely crypto held for less than a year is treated as income and is subject to personal income tax rates which range from 15% to 35%"
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Puerto Rico is susceptible to hurricanes.
"the island is prone to hurricanes"
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Some hospitals in Puerto Rico do not meet US standards due to underfunding.
"many hospitals fall short of the US standards due to a lack of funding"
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Monthly living expenses in Malta are estimated at €1,500 for a single person and €3,900 for a family of four.
"a single person can expect monthly expenses of around €1,500 whereas the costs for a family of four is around €3,900 which is roughly the same in USD"
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Malta has an ambitious goal to achieve internet speeds of 10 Gbps.
"there's even an ambitious goal to reach speeds of 10 G gabyt per second crazy"
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Non-EU citizens can obtain ordinary residence in Malta by proving financial stability, employment, accommodation, and health insurance, with a path to permanent residence after 5 years.
"if you're a non-eu citizen you can also gain ordinary residence if you can prove that you're financially stable and can provide evidence of employment accommodation and health insurance you can then follow similar steps to gain permanent residence once you resided in Malta for 5 years"
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To qualify for tax breaks in Puerto Rico, individuals must establish their primary home there and spend a minimum of 183 days annually.
"you need to set up your primary home in Puerto Rico and spend at least 183 days there before you can take advantage of those sweet tax breaks"
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In Malta, profits from crypto held for over 12 months are generally exempt from capital gains tax.
"profits from crypto held more than 12 months are generally exempt from capital gains tax"
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In Malta, crypto held for less than a year is taxed as income at personal income tax rates of 15% to 35%.
"crypto held for less than a year is treated as income and is subject to personal income tax rates which range from 15% to 35%"
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Monthly living costs in Malta are approximately €1,500 for a single person and €3,900 for a family of four.
"a single person can expect monthly expenses of around €1,500 whereas the costs for a family of four is around €3,900"
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Malta has an ambitious goal to achieve internet speeds of 10 Gbps.
"there's even an ambitious goal to reach speeds of 10 G gabyt per second"
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Malta's National Health Service is free for residents at the point of use.
"its National Health Service is analogous to the NHS in the UK being free for Malse residents at the point of use"
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After five years of residency in Malta, individuals can apply for long-term residence.
"you can then apply for a long-term residence after 5 years living there"
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