Which country to Immigrate for making fortune in crypto currency

[caloriecoin]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

[Palmerson]

You can open e-citizenship of Estonia via the Internet. This country is loyal to the use of cryptocurrencies. You register a legal entity in Estonia and you can even help your friends exchange cryptocurrencies for Fiat. Thanks to the Internet we do not need to travel to different countries. You just need to set a goal and study the question.

[semobo]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

I think country Japan supporting the cryotocurrency from initial period so they will continue to support bitcoins in future too so you can migrate to tha country if you can but country like japan never give permanent residence to people who are not doing an business or something which is helpful for their citizen and most of the country will.do the same so you can't migrate to all the countries too.

[passwordnow]

Go to Belarus!
Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March
If you have that big amount and you want to migrate and get a permanent residency then you gonna bet for this country, it's tax free.
But I have also another country to bet and that is Japan. Bitcoin accepting shops there are everywhere.

[arthur25]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

I think country Japan supporting the cryotocurrency from initial period so they will continue to support bitcoins in future too so you can migrate to tha country if you can but country like japan never give permanent residence to people who are not doing an business or something which is helpful for their citizen and most of the country will.do the same so you can't migrate to all the countries too.

Yes, Japan is improving the ways of cryptocurrency in their land. Businesses everything that with relation to business can negotiate with cryptocurrency. Ofcourse you should try to study first the culture and their traditions to have more idea on how to interact with them specially you have the desire about crypto. Good luck buddy....

[palle11]

Before I consider a permanent residency in such situation, I would consider the environment and economy of my home country and the foreign land. This is because the standard of living of a country is important, it determines the value of the currency.

[Spazzer]

As mentioned above the best options are to do it online instead if physically taking up residency somewhere. However, if the intention it to move somewhere new I would consider Malta.

[European Central Bank]

instead of throwing your entire life away how about routing the money through an extra bank or two?

it'll probably cost you $50-100 instead of tens to hundreds of thousands and giving up all your relationships.

[St4yInTh3D4rk]

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You're answer is offtopic to the OP because he want to mover to some other country incase if his country bans the crypto currency.

But how you are offering this service are your from India or somewhere doing Indian currency transaction because RBI warned the banks and other entities to stop dealing with crypto currency transactions.

[greeklogos]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

Are you talking about some near future? Nowadays not every country use such strong control to bitcoiners. I live in Serbia and I withdraw money on my bank's account without any problem and taxation and asking where those money came from. Of course I do not make such profit as you say, 200k$, just 200$ a month, maybe that's why such little sum doesn't awake any questions from the side of the bank or/and government.

[sunsilk]

This entire list will give you an idea on what nearby country is welcome for you to migrate.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

You can also file dual citizenship so that you can just fly back and forth if you are going to take profits. I don't have experience on this and I'm glad that my country is good with crypto.

[Harlot]

Are you earning your money from a U.S. based exchange like Binance? If yes then going to another country won't save you, because even though you can withdraw it from another country you will still be taxed by the IRS. You will still be classified as a "Non-Resident Citizen" where you are earning money from both the U.S. and the country you will be moving in, you will also be taxed twice because of it. A more quicker solution is to exchanging your cryptocurrency directly with a person, go visit sites like localbitcoin and find a buyer with a good reputation.

[jseverson]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

Not necessarily. You could liquidate it slowly using peer-to-peer options, whether in your country or out of it. It's going to be a pain to liquidate whether it's legal or not, because you'll be alerting authorities if you move that much money at once, so slow liquidation would be advisable anyway.

If you plan to keep on making money with crypto though, it would probably be best to move, as you said. Belarus would be a great option, as someone else has suggested.

[1NV3ST0NM3]

Malta Island ofcourse. Not just because of it vivid beauty but due to the fact that it is ready to become the world's largest blockchain hub in coming years. It is desperately inviting crypto currency investors as well as developers to its island and want to create a huge service industry with them. Cryptos there are legal tender and well accepted by everyone too. Obviously Japan and Germany are few other options when it comes to going into crypto currency business.

[Theb]

Do you really want to change your nationality and place of residence to solve your problem? Because I won't be going in all of that process (changing of residency and nationality) just to liquidate my 200,000$ with the change of nationality, travel fees, and a change of residence all of it will make you incur expenses and it would shed a lot off from your 200,000$ earning. Cryptocurrency Exchange to Bank deposits is not the only way to liquidate large sums of cryptocurrency there are ways like transacting directly to a buyer can solve the problem, local bitcoin wallets also have the option to buy your Bitcoin via bank deposit or remittance, Bitcoin Atms are widely available now and also have the option to sell your Bitcoin in exchange of their Fiat.

[Kemarit]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

Here are a few bitcoin friendly countries that I can think of:

1. Japan - embraces bitcoin and crypto like no other countries, its total legal to do crypto transaction as it is accepted all over the country.

2. Malta - Binance and OKex, two of the largest trading exchanges is moving on that country.

3. Slovenia - as far as I know, another country where crypto are not that heavily tax

4. Belarus - legalizes crypto, including ICO, and will be tax free for the next 5 years.

Worth to mention, Switzerland, Singapore, Germany. As far as permanent residency, it different though, but if you let them know that you are moving in because they are friendly to crypto then they might as well consider you a priority.

[Granxis]

The views of the small island states against Bitcoin are credible, and the small island states do not want to pay taxes from you. There are hundreds of island nations, just choose the one closest to you, you just have to wait and be a good citizen for citizenship.

[leonair]

If you want to migrate to another country and pursue your freedom in making fortune with Cryptocurrency then there's no doubt that Japan will be the number one choice because we all know that the government of Japan embraces cryptocurrency especially Bitcoin but I don't think you really need to take that "permanent residence/citizenship" because it would be a bad decision to leave your own land most importantly your family and relatives just only because you want to continue making money with cryptocurrency freely.

for me, there's always a way, just be creative and don't be too lazy to discover new things.

[countryfree]

No doubt you have to live your country. With this much money, you can choose where you want to go.
You should ask yourself where do you want to live. What kind of climate you like? Do you want to be in a big city, or in the countryside?

I would recommend to choose 2 countries. One to cash your cryptos, and another one to live.

[darkangel11]

Go to Belarus!
Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March
If you have that big amount and you want to migrate and get a permanent residency then you gonna bet for this country, it's tax free.
But I have also another country to bet and that is Japan. Bitcoin accepting shops there are everywhere.

I wouldn't choose any former soviet union country for a place of permanent residency. Many of them, including Belarus, use different alphabet and have their own local currencies. I'd describe most of those currencies as weak and not the best stores of value.
IMO the best way is to migrate to any of the EU member states, and once you get all the paperwork filled you will be free to travel inside the borders of the EU and live in the country you find the most acceptable. And there's a lot to choose from.