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1  Bitcoin / Bitcoin Discussion / Re: Need info about tax (non-resident) on: December 12, 2018, 04:52:58 PM
I've thought about that but the recent events scare me honestly, bitcoin could drop to under 3K, I could lose more than 500K, what if lets say I trade with worldwide traders who use swift to turn bitcoin into fiat and then move to the US with EB5 visa, would that work?

I'm from UAE btw

to get a EB5 you need to declare your bringing in $1m+ of fiat. it doesnt matter the source or the method. your still declaring bringing in $1m+

by declaring it and also at the same time requesting permanent residency you are then making yourself an american resident.

again this is why some just do short term work visa's to avoid declaring income.
most CEO's work with just short stay visa's where you spend 3 months setting up the business. then go on a 3 month vacation in another country and remote manage the business. then 3 months in another country and so on. so your visiting 3-4 countries a year. and then just returning to america for 'day trip' business meetings inbetween.

but anyway. because your not just a hobby investor but a high investor. maybe best you not seek advice from a bitcoin forum but instead go speak to an accountant and migration expert.. im sure you can afford them, if you truly do have the funding to EB5

Thank you for the info, my uncle is the investor I'm just a normal trader I asked on this forum because there are a lot of experts here Smiley thanks for the help
2  Bitcoin / Bitcoin Discussion / Re: Need info about tax (non-resident) on: December 12, 2018, 02:40:37 PM
I'll get straight to it, I live in a country where crypto isn't popular, I'm planning to move to the US and sell my bitcoin there using localbitcoin because it's more than 1M so I thought selling to trusted sellers there is a good idea, how can I avoid tax?

banks record and report incomes. so doing a trade even on localbitcoin using bank account funds. still get reported.
the only way to avoid it is cash in hand/face to face

your also probably better off finding or setting up local shops and using services to just buy your lifestyle using bitcoin
after all selling btc for fiat to then pay for bread, milk, and other daily needs. is less taxable if you just pay the merchant in btc, because then there is no fiat moving into your bank account.

also most countries dont treat people as a resident of america unless they are there for more that 6-9 months. meaning tax is less of a concern initially(its why most people get short term work visa's and then extend them later)

I've thought about that but the recent events scare me honestly, bitcoin could drop to under 3K, I could lose more than 500K, what if lets say I trade with worldwide traders who use swift to turn bitcoin into fiat and then move to the US with EB5 visa, would that work?

I'm from UAE btw
3  Bitcoin / Bitcoin Discussion / Need info about tax (non-resident) on: December 12, 2018, 02:24:46 PM
I'll get straight to it, I live in a country where crypto isn't popular, I'm planning to move to the US and sell my bitcoin there using localbitcoin because it's more than 1M so I thought selling to trusted sellers there is a good idea, how can I avoid tax?
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