Tax-free countries for Cryptocurrency investors

Investors can protect their cryptocurrency gains by relocating to tax-friendly countries. Here are ten tax-free countries to consider in 2023:

Malta - no long-term capital gains tax, but income from trading may be taxed at a maximum of 35%. Taxes on trading income can range from 0-5%.

Germany - profits from cryptocurrency held for more than 12 months are not taxed, and short-term gains under €600 are exempt. Income tax rates apply to gains over €600 and cryptocurrency income.

United Arab Emirates - no income or capital gains tax, but goods and services are subject to a 5% VAT.

Malaysia - national investors are generally not subject to taxes on capital gains or income from cryptocurrencies, but professional traders may be subject to income tax.

Portugal - most Portuguese citizens are exempt from paying income or capital gains taxes on cryptocurrency, but professional traders may be required to pay income tax.

Switzerland - income and capital gains from individual investors are tax-free, but professional traders and miners may be subject to income tax. Wealth tax applies to crypto-assets.

Singapore - personal capital gains tax does not apply, and income tax usually does not apply to cryptocurrency transactions. GST may apply to purchases made with cryptocurrencies.

Cayman Islands - no income or capital gains taxes.

Bermuda - no income, capital gains, or corporate taxes.

Vanuatu - no income or capital gains taxes, but citizenship comes with a cost.

More details on: https://medium.com/the-capital/10-tax-free-countries-to-protect-your-crypto-gains-in-2023-bd451ccc394e