In this episode, Jan Kotas discusses the growing Bitcoin community in Paraguay, the benefits of living there for digital nomads, and the tax advantages of Paraguayan residency. He shares insights on the local infrastructure, safety, and the vibrant expat community. Jan also explains how to structure income through US LLCs for tax efficiency and the regulatory environment surrounding cryptocurrency in Paraguay. The conversation highlights the importance of community and education in promoting Bitcoin adoption, culminating in the announcement of the upcoming Accelerating Bitcoin Conference.
Takeaways
🔸Paraguay offers a favorable tax system for residents.
🔸The digital nomad community in Paraguay is rapidly growing.
🔸Safety in Asuncion varies by neighborhood.
🔸US LLCs can provide tax efficiency for non-US citizens.
🔸Paraguay does not require proof of income for residency.
🔸The local banking system is not very crypto-friendly.
🔸Bitcoin Paraguay is focused on education and community building.
🔸The Accelerating Bitcoin Conference will showcase Paraguay's opportunities.
🔸Many expats are seeking a Plan B in Paraguay.
🔸The Bitcoin community is crucial for freedom seekers.
Timestamps:
(00:00) - Intro
(00:51) - Who is Jan Kotas?
(01:58) - Why is Paraguay a haven for digital nomads?
(03:49) - Community, infrastructure and safety in Asuncion
(08:14) - What are the tax benefits & residency requirements in Paraguay?
(09:55) - U.S. LLC tax efficiency for non-resident aliens
(14:55) - Reporting requirements for source of funds in Paraguay
(18:29) - The merging of TradFi with Bitcoin
(19:50) - Sponsors
(26:38) - Building the Bitcoin Community in Paraguay; Educational initiatives & workshops
(33:35) - Jan’s views on the excessive regulations in the EU
(39:41) - The pros and cons of being a Bitcoiner in Paraguay
(43:24) - Living in Asuncion vs. The Czech Republic; ‘Accelerating Bitcoin’ conference
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