Jurisdiction for Crypto Natives


#1

I just saw the Tweet of Luis and uh, why is the discussion around this quasi non-existent? This is so major.

Should we maybe discuss what are the safest places for us? Like Switzerland is good, probably? But it’s a residency based taxation, which implies that if you reside there you have to be willing to disclose your entire financial life in case of audit. Territorial taxations are better in that regard, they are also more rare. Well there’s also the 0 taxation countries but I’m not clear on how sustainable their “business models” are.

I also wonder for instance what country might be small enough, open enough and underrated, so we could help them grow while they guarantee the things that matter to us? Remember Singapore, how it started? That’s right, a swamp. Alternatively, could we maybe have our own citizens? I mean some ridiculously small countries have their own passport, why not an Aragon Citizenship Program? Then we’d be real world citizens, isn’t this our ultimate goal?

Anyway, it seems a pretty critical piece of the conversation for Aragon users, we should have it!

Is “Community” the best category for that subject? Should a different category be created for these more “Down to Earth” problems? :smiley:


Transitional Obligations like resident/citizen and commercial activity taxes
#2

I mean some ridiculously small countries have their own passport, why not an Aragon Citizenship Program?

The issue with this is getting recognition. Loads of smaller freedom fighting nation “states” exist, they’re just not recognsied. Liberland is one, not sure how free they are anymore though.

Well there’s also the 0 taxation countries but I’m not clear on how sustainable their “business models” are.

Personally I’m for no taxes and all market economy, but I’d be willing to compromise on a flat tax. I come from a country with super complex tax laws, so anything simple is better in my opinion.

I find it fascinating talking about taxation, especially from a historical perspective. Imagine that most people today pay income taxes, but the US didn’t even have income taxes (except for a brief period during the civil war) until 1913. It’s absolutely fascinating that we went from property taxes to sales taxes to income taxes. Greed breeds greed, I guess :blush:

As for “safe” countries, I think Switzerland probably. Most countries with no taxes are pretty much just chaos. Other options would be low-tax areas like Singapore, but the issue with most of these countries (Switzerland included) is the high cost of living. I couldn’t even afford less than a month in Switzerland last time I went :joy:

I also wonder for instance what country might be small enough, open enough and underrated, so we could help them grow while they guarantee the things that matter to us

I remember a meetup I regularly joined when I lived in Marbella. They talked about Gibraltar being more and more open to crypto and wanting to be a crypto-esque nation (they give crypto more freedom, we boost their economy). They’re not fully sovereign though :wink:


#3

If you look at the Wikipedia page I shared above, pay special attention to those countries that do have taxation but only territorial (you only pay taxes on the money that is generated locally, in those countries). You will notice that some of those countries are absolutely flying under the radar and if you take the time to research the obvious better ones, some of them are an excellent option for digital nomads.

It’s easy to want to go where everybody is, but think about what you really need, make a list, then compare this list to what each of those countries can provide. Singapore is the obvious one but you’ll pay dearly for it. Just like any investment, it’s all about proper research and smart moves that most people aren’t seeing just yet. :slight_smile:


#4

I could totally see the Aragon Network negotiating with nation states in the future.

Imagine the case where in 2025 the Aragon Network’s GDP is $10bn. With that GDP, it would be in the top 140 of all nation states by GDP, and then it starts to be in a position to negotiate.

For example, it may decide to contract a nation state for citizenship services. That nation state may even be able to create a sub-court in the Aragon Network that acts as a superset of the Network for those mixed Aragon/nation state citizens.

In the short term though, my wish would be to have more research on the best jurisdictions for sovereign individuals as of now. Switzerland and Uruguay come to mind, but I’m sure there are others too. I’d love to see a detailed overview of the pros and cons of all of them.


#5

Amazing thread. I recommend taking a look at this book I am reading at the moment, specially the chapters on countries selling passports and the next one on selling diplomatic immunity. Really eye opening to the illusions that expensive lawyers can create :wink: