While Indonesia is very strict about crypto taxes, these 7 countries are actually tax-free for crypto.
Although tax-free, there are still regulations. These are 7 tax-free countries, including the United Arab Emirates. 👍
✅ 1. Cayman Islands. Located in the Caribbean, near Cuba & the US.
👉 No personal income tax, capital gains tax, or corporate tax.
👉 Safe and often occupied by crypto hedge funds and large companies.
✅ 2. United Arab Emirates (UAE)
👉 No personal income tax and capital gains tax.
👉 Dubai & Abu Dhabi become major crypto hubs.
🔹 Corporate tax only applies in certain contexts.
✅ 3. El Salvador
👉 Bitcoin is legal tender.
👉 No capital gains tax for Bitcoin transactions.
👉 No tax for foreign expats investing in crypto.
✅ 4. British Virgin Islands (BVI) - Located in the Caribbean, near Cuba & the US.
👉 No income tax, capital gains tax, or inheritance tax.
👉 Popular as a domicile for crypto companies.
✅ 5. Bermuda, Atlantic, above the Caribbean, near the US.
👉 No income tax or capital gains tax, including from crypto.
👉 The government supports blockchain and has implemented positive regulations.
✅ 6. Bahamas, Located in the Caribbean, near Cuba & the US.
👉 No income tax, capital gains tax, or corporate tax on most activities.
👉 Promoting the crypto ecosystem (previously launched CBDC: Sand Dollar).
✅ 7. Panama, Central America, between Costa Rica & Colombia.
👉 No tax on foreign income, including from crypto if not earned from local business.
👉 No capital gains tax for foreign personal transactions.
What could be the reasons these countries are tax-free? Share your opinion in the comments 👇