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Summary of this video:
🇧🇷 Brazil's New Tax Law for Crypto and Investments
- Brazil implemented a new law on January 1st, 2024, affecting crypto and investments.
- Brazilian tax residents now face a 15% tax on all assets held abroad, including crypto and real estate.
- The government aims to collect $4 billion through this tax plan in 2024.
🌎 Impact on Brazilians and Global Nomads
- Brazilian citizens are seeking alternatives like Uruguay due to its 11-year tax exemption.
- Brazil's tightening regulations on crypto and foreign assets are concerning for those seeking freedom and residency.
- It's crucial to stay informed about changing laws in countries attracting digital nomads.
🇦🇷 Argentina as a New Option
- Argentina, led by Javier Milei, is shifting towards a more prosperous and capitalist-friendly direction.
- The contrast between Brazil and Argentina's approaches to taxation and freedom is becoming evident.
- Argentina's Rentista Visa is becoming a preferred choice for potential residents.
📜 Argentina's Immigration and Citizenship Process
- Argentina's immigration process, especially for citizenship, is becoming stricter and more complex.
- Qualifying for residency and citizenship in Argentina now requires more diligence and patience.
- Western passport holders have a slightly easier path compared to others but still face increased bureaucracy.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
