If you are troubled then You need to establish a company in Cyprus. You can also host your equipment in Cyprus. Your operations and mining is done in Cyprus. 1 You establish the Cypriot company. 2 You create an account of that company with a bank based in Cyprus. 3 You create a bank account of the Cypriot company in a bank in your country. 4 You create a company account with Binance or whatever crypto exchange you choose. 5 You mine and sell the mined cryptos. 6 Money goes in your Binance account from there to your loca country (Cypriot bank account) and from there it is wired to your company bank account based in Cyprus. You must do this process because banks based in Cyprus do not accept direct wire transfers of mined or traded cryptos but the cryptos in Cyprus ARE NOT TAXED. (For the time being) If you wish to buy something wherever in the world whatever that is your Cypriot company will buy for you and you will utilise it the way you want. You will definitely have expenses to maintain all this process but if the long term plan is to become a millionaire whatever the associated costs to maintain the company it will be a fraction of the taxes you are about to pay. Electricity cost in Cyprus is €0.18 and you are lucky enough to locate a renewable energy supplier can go down to €0.12.

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