ZERO Crypto Taxes in 2 Weeks (Secret Country)

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Summary of this video:

💼 Establishing Tax Residency in Barbados

- Barbados offers a unique provision for foreigners to become tax residents without residing 183 days a year.
- Process involves setting up a company, obtaining a work permit, and securing residency.
- Barbados imposes no crypto gains tax, wealth tax, inheritance tax, with a low corporate tax rate.

🌴 Benefits of Barbados Tax Residency

- Barbados boasts no physical presence requirements for maintaining tax residency.
- Offers attractive tax rates comparable to other favorable jurisdictions.
- Not perceived as a tax evasion haven, providing a secure and legitimate tax residency option.

🛡️ Cashing Out Crypto Gains in Barbados

- Residents can cash out crypto gains to local banks or online platforms like Wise and Revolut.
- Advised caution on cashing out to avoid account freezes or restrictions.
- Program offers global accessibility for individuals seeking to minimize tax liabilities.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

Видео ZERO Crypto Taxes in 2 Weeks (Secret Country) канала Wealthy Expat