Best Countries for Bitcoin Businesses - page 7.

flashbit

hero member

Activity: 1008

Merit: 505

Quote from: articrypto on January 05, 2018, 10:58:04 PM

that's real.. There is a full topic to find solutions to avoid this...

No English article for crypto but you can look this article, 11.4 / share section. Its considered like shares so it's included in your personal revenu like work in progressive basis (0 to 45%) + social cotisation of 16%.

There are some update with new president on tax for 2018, but we dont know if crypto will be included..

https://www.french-property.com/guides/france/finance-taxation/taxation/capital-gains-tax/shares/

Well, I'll never visit Paris so... Why do they hate crypto so much?

So we have only 3 country in the world ? Japan, Australia & Belarus...

Taki

hero member

Activity: 1078

Merit: 514

Quote from: reymartH on January 07, 2018, 12:56:04 PM

Japan is one of the friendliest countries on earth towards Bitcoin and cryptocurrencies in general. Japan is one of the biggest trading hubs on earth concentrating lot of the cryptocurrency trading volume.

Japan was the first bitcoin welcome country and it's normally, they always were on the side of technical progress and new technologies. But I would call Australia as the country where it is better to organise bitcoin based business. After they solved the point with taxation of crypto currencies all the terms for crypto business became just ideal there.
The choice of the country is definitely depends on where you are indeed, and today the list of bitcoin welcome countries is raising. Belarus recently announced that they will become tax free zone for everything that has something with crypto world. For now they did nothing special about it, but the prognosis is really optimistic, so Belarus easily can become the best place for bitcoin based business.

reymartH

member

Activity: 112

Merit: 11

Japan is one of the friendliest countries on earth towards Bitcoin and cryptocurrencies in general. Japan is one of the biggest trading hubs on earth concentrating lot of the cryptocurrency trading volume.

Tapyaks72

member

Activity: 490

Merit: 28

Quote from: articrypto on January 05, 2018, 10:58:04 PM

Quote from: flashbit on January 05, 2018, 08:21:42 PM

Quote from: articrypto on January 01, 2018, 03:51:30 PM

Quote from: dave111223 on January 01, 2018, 10:58:09 AM

Obviously any countries without tax or very low tax, so not france lol, this is the worst country for this

Why not France ? Only 65% tax rate on gain. Lets go to this country !
The worst are those who ban BTC Wink

65% ? Guys are really crazy in Europe:) Why not give them all? Do you have any link for this tax, I have google but nothing is clear (or not in english).

that's real.. There is a full topic to find solutions to avoid this...

No English article for crypto but you can look this article, 11.4 / share section. Its considered like shares so it's included in your personal revenu like work in progressive basis (0 to 45%) + social cotisation of 16%.

There are some update with new president on tax for 2018, but we dont know if crypto will be included..

https://www.french-property.com/guides/france/finance-taxation/taxation/capital-gains-tax/shares/

You an go to Japan is the most Bitcoin friendly nation because there are lot of establisment who honored Bitcoin.doing business thier would surely prospher and even in Philippines because Central bank of the philippines recognizes as a new innovative way of promoting economical way money remittances.

articrypto

member

Activity: 140

Merit: 10

Quote from: flashbit on January 05, 2018, 08:21:42 PM

Quote from: articrypto on January 01, 2018, 03:51:30 PM

Quote from: dave111223 on January 01, 2018, 10:58:09 AM

Obviously any countries without tax or very low tax, so not france lol, this is the worst country for this

Why not France ? Only 65% tax rate on gain. Lets go to this country !
The worst are those who ban BTC Wink

65% ? Guys are really crazy in Europe:) Why not give them all? Do you have any link for this tax, I have google but nothing is clear (or not in english).

that's real.. There is a full topic to find solutions to avoid this...

No English article for crypto but you can look this article, 11.4 / share section. Its considered like shares so it's included in your personal revenu like work in progressive basis (0 to 45%) + social cotisation of 16%.

There are some update with new president on tax for 2018, but we dont know if crypto will be included..

https://www.french-property.com/guides/france/finance-taxation/taxation/capital-gains-tax/shares/

flashbit

hero member

Activity: 1008

Merit: 505

Quote from: articrypto on January 01, 2018, 03:51:30 PM

Quote from: dave111223 on January 01, 2018, 10:58:09 AM

Obviously any countries without tax or very low tax, so not france lol, this is the worst country for this

Why not France ? Only 65% tax rate on gain. Lets go to this country !
The worst are those who ban BTC Wink

65% ? Guys are really crazy in Europe:) Why not give them all? Do you have any link for this tax, I have google but nothing is clear (or not in english).

CryptoScotland

member

Activity: 94

Merit: 10

Crypto Scotland Investor Digital Currency

Quote from: m0rrov on January 01, 2018, 11:40:43 PM

I think Great Britain. Because British law uses bitcoin as a personal asset. And I heard Circle bitcoin company announced its intention to open an office in London.

Not really impossible to get a Business Bank Account for Crypto Currencies the bank's will run a mile been there, done it and seen it. If you get caught dealing in BTC or Crypto Bank's will shut you down.

While excellent to do business but no bank will open you a Business Account

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: El Il-mythos on January 02, 2018, 07:14:18 AM

I think in Japan is bothering best, I read that btc there is already approved by the government.

my thought exactly considering it already has the regulations in place Japan should not have a problem with a Bitcoin(crypto) Business but i think Singapore does have a conducive business environment.

mitabacut

member

Activity: 65

Merit: 10

I think the best bitcoin business country is Japan because in Japan BTC has become a legitimate Payment tool, and from what I read in the last few days in Japan there have been changes in BTC pay, so if I think Japan is the best country for bitcoin business .

Qartersa

hero member

Activity: 868

Merit: 535

Hearing so much suggestions on doing Bitcoin business in Switzerland.. I am not quite sure but the last time I checked, I know it has already scrapped the practice of helping the accused people by covering up on their Swiss bank accounts. This is not to speak ill about the Swiss government; please do not get me wrong. What I am trying to say is that before, the Swiss government allow people across borders to deposit monies with guaranteed protection from the same government that whatever money they have deposited will not be open for any investigation regardless of court orders. Correct me if I am wrong?

Nonetheless, I think so too that you can indulge yourself into Bitcoin business in countries that are accepting of it and are more than willing to regulate it rather than ban it all at once.

blozo

member

Activity: 308

Merit: 10

Switzerland is very crypto friendly and no tax for the capital gains in general (including crytpo) Wink

Rules85

member

Activity: 182

Merit: 10

Quote from: edric on September 28, 2015, 01:11:25 AM

What are the best countries in the world to start and run bitcoin businesses? For example, crypto-equity exchanges, bitcoin gambling, sites like purse.io, etc. Are there any like this that welcome these sort of businesses and can these businesses avoid scrutiny from foreign regulators or do they still have to comply with the regulations affecting their customers? Thanks!

I think Switzerland is also a good choice, because almost all of the cryptocurrency companies choose to develop in Switzerland, so it seems to me that Switzerland is a good choice.

daddypastes

member

Activity: 238

Merit: 10

Quote from: bimasena25 on September 29, 2015, 07:12:14 AM

my bitcoin business in Indonesia and open the local
exchanger. Here quite prospects

i think bitcoin is best in philippines so that it can help many people of luck of work and it also helping to poverty....

El Il-mythos

jr. member

Activity: 140

Merit: 1

I think in Japan is bothering best, I read that btc there is already approved by the government.

m0rrov

jr. member

Activity: 55

Merit: 10

BELUGA PAY. Complete Mobile Point of Sale System

I think Great Britain. Because British law uses bitcoin as a personal asset. And I heard Circle bitcoin company announced its intention to open an office in London.

articrypto

member

Activity: 140

Merit: 10

Quote from: dave111223 on January 01, 2018, 10:58:09 AM

Obviously any countries without tax or very low tax, so not france lol, this is the worst country for this

Why not France ? Only 65% tax rate on gain. Lets go to this country !
The worst are those who ban BTC Wink

dave111223

legendary

Activity: 1190

Merit: 1001

Obviously any countries without tax or very low tax, so not france lol, this is the worst country for this

Awnar

full member

Activity: 230

Merit: 250

Quote from: thrylos on January 01, 2018, 07:28:20 AM

I think all countries are the best for bitcoin business because of being decentralized that makes all attractive to the community.

What? their are countries who banned cryptocurrency in their banks. So not all of them are accepting bitcoin. Besides only rich countries are the ones adopting it but not all also.

I would choose japan and S. Korea as a country for me if ever my country would not accept bitcoin. Because in those places, bitcoin is their means of profit for their own economy.

thrylos

newbie

Activity: 146

Merit: 0

I think all countries are the best for bitcoin business because of being decentralized that makes all attractive to the community.

sevilnatas

newbie

Activity: 11

Merit: 0

Quote from: Poppy5555 on December 09, 2017, 09:58:16 AM

HI and welcome to ButcoinForum!

Some of the Best Countries for Botcoin businesses are:
•|Estonia| (Estonia is well positioned to be a place where a cryptocurrency users can certainly feel welcome.)

•|United States| (Unsurprisingly, the US hosts the highest number of cryptocurrency users and Bitcoin trading volumes in the world.)

•|Denmark| (Denmark was recently voted being the happiest country in the world, and the open mind towards cryptocurrency is just another reason to be happy living in Denmark.)

•|Sweden| (Denmark was recently voted being the happiest country in the world, and the open mind towards cryptocurrency is just another reason to be happy living in Denmark.)

I think your list is exactly wrong for the following reasons:
•|Estonia| A second world country that, if you setup your business here, your company would not be looked upon as legitimate when doing business with 1st world countries

•|United States| Recent Crypto currency taxation law changes unfreindly and overly burdensome.

•|Denmark| Massive corporate tax liability due to there social support systems. Great place to live, not so great for entrepreneurs.

•|Sweden| See Denmark

Seems to me that the perfect country would be a combination of the following:

Low or friendly corp/crypto tax policy
Business friendly corp regulations
Easy Corp Setup process by foreigners
1st world economy
Low rate of governmental and corporate corruption
Low to no political strife that could cast uncertainty on your business with banks or other corps in other countries

My completely unresearched choices would be (not including Asian countries because I don't know enough about them, but, Japan would definitely not be on my list because opening a corp in Japan as a foreigner is very difficult)

Germany - Pros: Very friendly crypto tax policy with a stable 1st world economy and politics, Cons: Social system, somewhat high corp tax, not sure their policy on foreign owned corps
Switzerland - Pros: Friendly crypto policies with a stable 1st world economy and politics, friendly to foreign owned corps, Cons: not sure, maybe the same as Germany
Ireland - Pros: Economy not doing great but is propped up by EU and proactively marketing to foreign owned corps, friendly corp tax rate, Cons: In the news for shady corp deals (i.e. Apple, Google)
Spain - See Ireland

Those are just a few off the top of my head.

Topic: Best Countries for Bitcoin Businesses - page 7. (Read 9762 times)