How to Cash Out Millions in Crypto - Tax Free

how to cash out millions in crypto if you're invested in cryptocurrency Bitcoin eth meme coins whatever you're into and you're looking to make millions in the bull run or you've already made Millions tens of millions hundreds of millions of dollars and you want to cash out that money how do you do it without getting taxed through the balls at 50% or getting your bank account Frozen because many banks over the world want to close down your crypto accounts want to restrict your crypto use that EU

wants to ban payments over €3,000 with crypto wallets the US and the UK want to tax your crypto even more these are all the strategies that my million-dollar clients have used to cash out their crypto taxfree there as little tax as possible and easy now the first step that I recommend anybody to do is to choose a low tax or crypto taxfree country and the easiest one that comes to mind is the UAE the UAE they have a 9% tax on companies but it doesn't apply to crypto so if you become a UAE residen

t a Dubai resident and then you spend the necessary time in Dubai depending on where you're coming from if you're coming from Canada and they want to see tax residency somewhere else then you need to spend 6 months in the UA you spend those 6 months you cash out all the money in the UAE that you have or you cash out all the money that you want to and then you won't pay any taxes to Canada as long as you do it all properly make sure that step is done properly in Dubai you can cash on your crypto

the banks are not that crypto friendly a lot of people say oh Dubai is crypto-friendly you can just spend your money yes in general society and people are crypto-friendly you can buy luxury cars with crypto you can buy property with crypto we've done it for many clients you can just literally pay in Bitcoin pay in usdt and then own the home a couple of weeks later but the banks will close down your account if you send a million dollars in crypto and a lot of people think oh I can just show the t

ransactions I can just show that I invested $10,000 and I have a million dollar I can just show the bank my wallet no they won't want your crypto money they don't want your millions that you made investing in Bitcoin what you need to do is you need to do it very slowly and carefully if you're cashing out your crypto you don't want to do a million 5 million at a time you have to do 10,000 50,000 100,000 slowly building history with the bank if you want to cash out Millions you have to do it throu

gh property or by buying luxury goods luxury cars anything luxurious that you can buy in crypto and then resell it later on so Dubai for tax purposes works extremely well you won't pay any tax on your crypto Investments but if for cashing out to a bank what you want to do is use other jurisdictions one of the things that I've personally done that works very well is by having a UK LLP company or a US LLC company if you're a US citizen or us green card holder forget about all this because you're g

oing to pay crypto tax anyway they tax you through the balls anyway unless you renounce your US citizenship like I did or mov to Puerto Rico so US citizens I'm sorry this won't work for you but for anybody else you can use a us company or a UK company and then get a Weiss account and you need to be careful because we doesn't accept straight crypto payments but if you do it through an exchange like nexo nexo is very smart in this regard they give you a bank account inside of your exchange account

so what you can do is you can send let's say 100 Bitcoin to nexo those 100 Bitcoin you sell them for Euros or USD within nexo and from nexo in your bank account inside nexo you send to your wife's account and it shows up as a personal transfer so shows that Raphael sent Raphael a million dollar from nexo to Y so it doesn't look like a crypto transaction and then wise is not going to close down your bank account that's one strategy you can do but for all this to work you need to be tax resident

in a low tax or taxfree country other options that come to mind are Slovenia taxfree country for crypto Malta if you hold it for over one year other places like Singapore or Switzerland that have very low taxes Singapore doesn't have any capital gains taxes or other Island and countries like s kit anas where I'm a citizen absolutely taxfree on crypto an tigga Barbados also works out really well in Barbados you can get tax residency in Just 2 weeks legally spending two weeks in Barbados you can f

ly in from Canada from the UK from Europe spend two weeks in Barbados you start a company in Barbados you get residency in Barbados and you get tax residency and then once you have that tax residency then you can start cashing out the banks in Barbados are not going to accept your millions of crypto but they're way more crypto-friendly than many other banks around the world now if you want to be very serious let's say you have tax residency in Dubai and the UA or in Barbados or anywhere in the w

orld and you don't want to mess around with sending 10K 20K no no no I want to send millions of dollars to a bank account and I want to cash on my crypto properly then you can use Switzerland or lonstein there are banks in lonstein that will actually accept your crypto payment so you could send to the bank wallet 10 Bitcoin and then in your bank account you will have $700,000 or a mil5 $1,000 whatever the price of Bitcoin is at the time that you send it you will have it in your bank account they

usually only accept clients who are willing to invest more than 1 million Franks Swiss Franks because that's the currency of lonstein into the bank account but the great thing is you can send straight crypto and have it protected by the bank what you can also do is you can set up a trust a Cook Islands trust I've discussed this many times that is the ultimate way to get full asset protection on your money so if you get a lawsuit or if you get a divorce and you have it all in your personal name

you can get sued that money can be taken away from you but if you have it under a trust in the Cook Islands and that Cook Islands trust has a Cook Islands LLC and that LLC has a bank account in lonstein then all the money in that lonstein bank account cannot be seized in the event of a lawsuit or in the event of a divorce or in the event of anything happening and you can also protect it from your children from spending it crazily they can get it when they turn 18 or 21 you can set different rule

s depending on how you set up the trust and you can protect your money that way and you can send money straight to the wallet of the bank and they will transact it into Swiss Franks they will do some due diligence on your money so obviously if your money comes from illegal activity or any Shady activity they will flag it they will send you your money back you can't have it at the bank but for most people it works out very well if you just want to cash out seamlessly millions of dollars other thr

ee countries that might work for you especially if you want to cash out small amounts you just want to have a quick and easy tax residency for your crypto to not pay any crypto taxes would be Paraguay which you can get in 2 to 3 days extremely popular now don't just fall for the YouTube videos oh Paraguay is the best place in the world don't move your whole life to Paraguay visit it for a couple of days see how you like it but if you spend 2 to 3 days in Paraguay and you get a Paraguay and resid

ency permit you can be a tax resident of Paraguay but you also cannot be attached resident anywhere else so that means that you have to Nomad around the world you can't just spend 6 months in Canada spend 3 days in Paraguay and claim Paraguay is a tax residency doesn't work that way and other two countries could be the Republic of Georgia if you can do their short-term tax residency program by showing a certain level of net worth Georgia is also pretty crypto friendly the banks I wouldn't cash o

ut too much money to Georgian Banks I've done it they can close down your account if the transaction is over $5 $220,000 but at least you can send some money there and also kakan they have a 90-day tax Residency program by getting an investor visa and you can use some of their Banks to cash out some crypto there are many effective strategies around the world the main important things to note are one you need to become tax resident in a low tax or zero tax country like UAE if you want to to use S

ingapore you're looking to become a resident of Singapore prepare to invest millions of dollars in Singapore but that works out really well for a lot of people and once you have zero tax residency then you can look at options how do I cash out my crypto you can use list inside you can set up a trust in the Cook Islands you can send money directly to the listen Stein bank and cash it out that way or you can use a uslc UK LP cash it out through wise I wouldn't cash out too much I wouldn't Cash Out

multiple Millions but it works out for a couple hundred th000 for buying a property here and there you can definitely do that and look at options around the world to have multiple bank accounts so that you can be Diversified as well so not just having one bank account elition where you have all your Millions you want to have multiple bank accounts so that you can diversify in case anything happens with that particular bank and if you want to buy assets with your crypto like property cars watche

s anything like that you can do that in countries like the UA you can buy a property you can rent it on Airbnb create a different type of cash flow for you and your business and you can do that just by buying the property in crypto if you want more freedom if you want to enjoy your wealth better there is a private community of over 2,000 wealthy expats where I share premium information premium ways to cash out the best contacts all over the world to get your taxes down to zero to cash out your c

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