As per Bitcoin.com, wealthy cryptocurrency investors are increasingly relocating to crypto-friendly jurisdictions such as the United Arab Emirates, El Salvador, and Eastern Europe to avoid high taxes on their digital asset gains. Lark Davis, a prominent crypto influencer, moved his family from New Zealand to Dubai and acquired Grenadian citizenship for $250,000. Rafael Cintron, CEO of Wealthy Expat, a Dubai-based relocation firm, reports that over 80% of his clients are in crypto, with many seeking tax-free residency before their fortunes grow. Experts advise moving before significant gains are made to avoid hefty tax obligations in their home countries.
Crypto Millionaires Flee to Tax-Friendly Jurisdictions Like UAE and El Salvador
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