A Strategy to Liquidate Crypto Tax Free
Channel: Esquire Group
Date: 2022-03-02

A lot of people have amassed a lot of crypto wealth over the past several years. Many are looking for strategies to realize some of their gains in a tax advantaged manner. This is becoming increasingly difficult as crypto becomes more regulated and governments see taxing crypto gains as a new tax revenue stream.

In his latest video, Jimmy Sexton, Founder and CEO of Esquire Group, explains one strategy for realizing crypto gains tax-free—change your tax residency to a tax-free local, like the UAE, and then liquidate your crypto. Since the UAE doesn’t have income taxes, your gains are tax-free in the UAE.

Once relocated to a tax-free local, wealth can be transferred to a properly structured trust or foundation so it can continue to grow tax-free regardless of where the settlor / founder is. This gives people freedom to live where they want without being burdened by their wealth but still having access to it.

This strategy does not work for U.S. persons due to citizen-based taxation. Also, exit tax and other tax consequences from your home country must be considered. 

Jimmy Sexton, LL.M. is the Founder & CEO of Esquire Group. He founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning. Jimmy started his career in 2003 and continues to service an elite group of clients. In 2005 he extended services to include tax preparation, which has evolved into Esquire Group’s exclusive Concierge Tax Service. This service is offered to a limited number of clients. 

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Esquire Group is not your typical international tax and wealth advisory firm; we are international business people and global citizens that strive to continue finding ways to provide value to our clients and enhance their lives, giving them peace of mind.


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