Javier Correa, a tax research and development associate at Nomad Capitalist, shares his passion for crypto and its tax implications. He reveals how Malta's non-domicile tax regime allows crypto investors to cash out gains without incurring taxes. The discussion includes the vibrant lifestyle and community that Malta offers, making it an attractive destination for digital nomads of all ages. Correa paints a picture of financial freedom, emphasizing the advantages of relocating to a place where investors are treated best.
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Use Crypto-Friendly Tax Residences
To avoid capital gains taxes on crypto, establish residence in a crypto-friendly tax jurisdiction.
Evaluate your lifestyle and long-term goals when deciding when and how to cash out crypto.
insights INSIGHT
Domicile vs Residence Tax Insight
Domicile and residence are distinct: domicile is your homeland; residence is where you currently live.
Malta taxes foreign income only when remitted, benefiting non-domiciled residents with strategic tax planning.
insights INSIGHT
Malta Tax Exemption on Capital Gains
Malta exempts non-Maltese capital gains from taxation even when remitted by non-domiciled residents.
This allows crypto gains outside Malta to be cashed out tax-free legally under Malta's regime.
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The crypto market continues its growth trajectory full steam ahead, with many of us loving the increased financial freedom it offers us in a Western world that continues to clamp down on these basic human rights. But there is one last hurdle we are yet to overcome for a complete separation of the traditional system. Cashing in your earnings without the government taking it all away. The Tax Terminator, Javier Correa, might just have the perfect solution for this. A country smack dab in the Mediterranean, which does not tax you a single dime on your foreign-earned capital gains! Welcome to Malta!
Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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