HellAsia
China
50%effective individual rate
Crypto trading and mining completely banned since 2021. All crypto transactions illegal. Despite ban, OTC trading estimated at $75B+.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Not allowed
Bitizenship
Not yet
Tax Rates
Capital Gains TaxCrypto banned
Income Tax on CryptoCrypto banned
Corporate Tax25%
VAT on CryptoN/A
Activity Taxes
Staking
Banned
Mining
Banned since 2021
DeFi
Banned
NFTs
Banned
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
N/A - crypto banned
Regulation & Residency
Regulatory Body
PBoC; CSRC
Residency Requirement
Very restrictive
Reporting Requirements
N/A
Citizenship & Residency Path
Extremely difficult for foreigners; PR requires 4+ years continuous residency with investment
Notable Conditions
- →Complete crypto ban since 2021
- →Mining ban enforced
- →Massive OTC market persists
- →CBDC (e-CNY) actively promoted
- →Capital controls limit outflows
Living & Lifestyle
Cost of Living
Moderate
Banking Access
Good (no crypto)
Quality of Life
Moderate-High
Lifestyle Scores
Safety8/10
Healthcare6/10
Institutions5/10
Business Ease6/10
Int'l Schooling7/10
Privacy3/10