Georgia (Tbilisi)

Georgia (the country in the Caucasus) is a hidden gem among Bitcoin-friendly jurisdictions. It offers a true 0% tax on Bitcoin gains for individuals. Georgian tax authorities explicitly exempt profits from selling Bitcoin from income tax, as long as it's your own assets and not part of a business. Georgia's tax system is largely territorial – foreign-sourced income is not taxed even if you become a tax resident, and there are no wealth or inheritance taxes. This ultra-friendly regime, combined with very low living costs, has made Tbilisi a growing hub for Bitcoin expats and nomads. Getting set up is straightforward. Many nationalities can stay visa-free for 365 days, and to maintain tax residency you only need to spend half the year in-country. You can formalize residency by buying property over ~$100k or starting a business. Georgia even has a favorable "virtual zone" regime for IT businesses with 0% corporate tax on export income. Drawbacks: Georgia borders Russia and has ongoing territorial disputes, though Tbilisi itself remains peaceful. Language can be a barrier outside expat circles. Infrastructure is developing but not first-world.