How to Cash Out Millions in Crypto - Tax Free

Summary of this video:

Strategies for Tax-Free Crypto Cashouts

- Strategies for minimizing or eliminating taxes when cashing out crypto,

- Choosing low-tax or tax-free countries like UAE, Barbados, or St. Kitts and Nevis.
- Utilizing offshore companies and Wise accounts to facilitate tax-efficient transactions.
- Setting up trusts in jurisdictions like the Cook Islands for asset protection and tax optimization.

Crypto Cashout Strategies in Dubai

- Overview of cashing out crypto in Dubai,

- Dubai's low-tax environment for crypto investments.
- Challenges with traditional banking for large crypto transactions.
- Alternatives such as purchasing luxury goods or property to liquidate crypto assets.

Global Tax-Friendly Options for Crypto Cashouts

- Exploration of tax-friendly jurisdictions worldwide,

- Countries like Slovenia, Malta, Singapore, and Switzerland with favorable crypto tax policies.
- Strategies for obtaining tax residency and cashing out crypto in these jurisdictions.
- Considerations for setting up trusts and offshore accounts for enhanced asset protection.

Becoming a Tax Resident in Low-Tax Countries

- Steps to become a tax resident in low-tax or tax-free countries,

- Importance of establishing tax residency for crypto investors.
- Requirements and timelines for obtaining tax residency in countries like UAE, Singapore, and Paraguay.
- Diversification strategies for maintaining multiple bank accounts in different jurisdictions.

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.

[MaximilianFischer]

There’s no way I’m missing out into investing in 2025! I’m ready to put my $500k cash savings to work and escape the grip of inflation. This is the moment to ride the wave to even greater profits.

[ElizabethBeck-zfxz]

*Thank you Lord Jesus for the gift of life and blessings to myself and my family. $30, 000 weekly profit, Our Lord Jesus have lifted up my life 🙏❤️❤️*

[SabestineGonzalez]

I will forever be indebted to you Ms. Lucca Marie. You changed my whole life, I will continue to preach your name for the world to hear. You saved me from huge financial debt with the little I had. Thank you Ms. Lucca Marie.

[daviddd]

If your British, you could move to Isle of Man - zero capital gains taxes, though if you're a basic rate taxpayer in the UK as a whole, the capital gains tax is only 10% which is not too bad (24% if you're a higher rate taxpayer).

[Helfriedbittner]

Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading. For example last year I Traded with 30k in Crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.

[henrydesousa]

I wish I had this problem 😂. Great video.

[leevlf]

just buy gold with crypto and exchange for cash, gold is tax free. gold gets you out of the system. everything else is for control.

[kaushikganesh]

I still have to figure out how to make millions in crypto 😂

[stelladoris]

Success is not built on success. It's built on failure, It's built on fraustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life

[samin]

Hey ppl, I'm a retired computer/IT person, Yet I still find *sentinel Recover* so informative and straight forward. Thanks for your advise and helping the work and love watching.

[EliCamacho]

"It's super easy, just become a resident of a completely different country, work your way through that lengthy process, meet all their requirements, then move to that country for a certian period of time, then do even more loop jumping until you can get your cash out. Super easy, nothing complicated at all."

[thebigbold]

i believe at some point banks will be begging us crypto investors to deposit crypto.

[sagalimad]

If I have millions in my wallet, why should I transfer them to a UAE bank to begin with?
Why not have them in my crypto wallet instead of having them in their bank?
I am my own bank instead.

[jmpcrx]

Have to live abroad for 5 years to avoid cgt in uk. Shafted whatever you do.

[KimbleyBrown-vgqw]

Very informative post and well explained video sir.

[sonminorimitsuu]

I can't thank you enough for these videos, I am looking forward to working with your team this year.

[SunilKumar-ihbg]

I'd really like to get into crypto Investing. I have about $145k set aside, but I don't know anything about this market. Would you please provide the best approach to make money as well as a trustworthy resource for advice? Your help would be greatly appreciated.
Thank you.

[wesjajnxkssj]

Someone said south korea is also crypto tax free which is true until 2025. Afterwards there will be a capital gains tax of 20% which honestly seems pretty reasonable compared to the USA

[janpetrovic]

i'm not sure about slovenia. i've checked their law on cryptos, and only after 15years of holding it you don't pay tax. on the other hand, i'm surprised that croatia isn't on your list as crypto tax there is 12% and if you hold for 2 years and longer then you pay 0% tax

[ElectroZob]

Once you cash out and you have your millions of fiat currency in a bank account in the country where you are resident, how does it work if you want to move back in your original country and transfert all the money in a bank account of this country ? Is this a taxable event ?