I provide digital services like 3D modeling and get paid in Bitcoin using BTCPay Server. Most BTC payment processors do a good job of creating invoices and keeping records.
I'm a digital nomad with a Danish passport, working remotely all over the place.
I'm looking for some advice on how to legally optimize my taxes and keep my bookkeeping in check to avoid future tax headaches.
In the long run, I'm planning to buy property and settle down in Central or South America, but for now, I’ll keep moving around.
What’s the best way to set up my taxes efficiently given my situation, and how can I ensure my accounting is done right?
First off, awesome! But why not ask your tax advisor? If you don't have one you definitely need one anyway.
Per default you're presumably still a tax resident of Denmark but depending on where you travel and how long you stay there you might owe some taxes there too, assuming you're officially even allowed to work there. I'm not sure how much e.g. an offshore LLC would improve that situation given that the LLC then still needs to pay you personally, but a professional tax advisor should be able to tell you more.
Yes, @HeRetiK gives you advice.
The rules have been implemented on crypto tax including Denmark, the United States, Central/South America, Britain and so on, almost the average state has legal system and respective rules for crypto.
In short:
So, you are safer and more information you get about taxes go to tax authorities where you are, it's better.
Of course, my friend, don't even think of consulting a lawyer specialized in taxation, in the forum we will give you much better advice, especially in a case as special as yours. Besides living abroad you can see that with what you earn you can't afford it, so asking for advice in the forum is the best option.
SparkyNutter, I can only give you general advice. For example, many Russian digital nomads receive income in cryptocurrency, exchange it for fiat and do not worry about taxes at all
If you want to buy real estate in Central/South America, then you need to legalize income in these countries so that you do not have problems when buying real estate.
There is no one ideal setup here - anyone saying there is probably has an angle. Too many factors to give a pat answer and getting paid in Bitcoin for work tends to count as regular income, not investing profit. But your situation sounds complicated. Better get tailored professional advice, not general internet wisdom. Thats just asking for issues later. Dont play around with this stuff. Get an accountant who knows crypto and can walk you through it step-by-step. Thats the only way to be sure you handle everything by the book. Trust me, youll sleep better.
If a person has not decided on the place where he wants to live, then it is better for him to legalize income in his home country. If he has decided 100% that he will live, for example, in Mexico, then he needs to legalize his income in that country and obtain tax residency.
Hey! So, you might not need to pay taxes in Denmark if you're not in the country for 183 days a year. But, you also can't have family, a business, or any active operations there.
However, you still have to pay taxes somewhere, likely in your country of residence. There are a lot of nuances to this. I actually just read a super helpful article about paying taxes on Bitcoin earnings in 2025 on the Cryptomus website. They even have another article on how to legally avoid paying taxes !
You could also try connecting your wallet to services like Koinly. That platform supports crypto tax calculations for Denmark, so you might find some useful info there about whether you even need to pay those taxes.
Just keep in mind, in Denmark, cryptocurrency is considered property, so they tax it not just on ownership, but also when you exchange it.
I am not sure how Denmark treats your tax status if you stay outside of country for more than 6 months. However, if you are exempted to pay taxes in Denmark and wish to live outside, why not consider tax heavens like Switzerland or UAE etc.
If Denmark doesn't ask you to pay taxes in your case, moving to tax heavens will be hugely beneficial. Try to find out which countries have signed double tax treaty with Denmark. So you will be only taxed in one country and not in both.
I think it will be great help if you contact a lawyer.
If SparkyNutter receives income in his bank account in Denmark, then he will continue to pay taxes in his country.
If he wants to change his tax residency, then he needs to notify his tax office and register with the tax authority of another country. As a general rule, it works like this.
But if he has not yet decided on a permanent place of residence, then it is very difficult to give advice.