Spain crypto exit checklist before Thailand or Paraguay
What Spanish crypto founders should review before leaving: Modelo 030, 721, exit tax exposure, wallets, and the CERØ relocation file.
Spain is a high-friction country to leave with crypto because the exit file is not only about where you go next. It is about whether Spain accepts that you actually stopped being Spanish tax resident, whether your foreign crypto reporting is clean, and whether any founder equity creates an exit-tax issue.
This is a high-level map for Spanish crypto founders considering Thailand or Paraguay. It intentionally does not replace Spanish tax advice. CERØ’s role is to build the relocation file: destination, residency, visa or cédula, banking, housing, evidence and annual maintenance.
The short answer
Before a Spanish crypto founder moves, the key questions are: did you spend enough of the year outside Spain, did you close Spanish residence properly, did your Modelo 721 history match your wallets, are any company shares caught by Article 95 bis, and can Thailand or Paraguay support a real tax-residency file?
The Spanish exit stack
| Area | Why it matters |
|---|---|
| Modelo 030 | Communicates tax-residency changes and fiscal address |
| Day count | Spain’s 183-day rule still dominates the exit year |
| Modelo 721 | Foreign crypto reporting can leave a trail into the exit year |
| Article 95 bis | Exit tax can apply to certain shareholdings, not simple wallet holdings |
| Housing and family ties | Spain can challenge exits that look artificial |
| Destination proof | Thailand or Paraguay must be documented as the new centre |
For crypto founders, the mistake is assuming the wallet is the whole problem. Usually the harder file is the combination of wallet history, Spanish ties, company ownership and destination evidence.
Thailand or Paraguay from Spain
Thailand usually fits Spanish crypto founders who want Bangkok, an Asia base, DTV visa infrastructure and a strong lifestyle move. The tax planning turns on day count, remittance, banking and whether the founder wants to build a Thai tax-residency certificate file.
Paraguay usually fits founders who prefer a Spanish-speaking jurisdiction, Latin American administration and a lighter lifestyle change. The cédula path is different from Thailand’s DTV route, and the banking experience is different too.
CERØ handles both pathways. The diagnosis call decides which one fits your facts.
The traps CERØ watches first
Modelo 721 mismatch. If prior foreign crypto reports do not match wallet and exchange reality, the exit file starts weak.
Leaving too late in the year. If you have already spent more than 183 days in Spain, the tax year may already be Spanish.
Keeping the Spanish life intact. A Spanish home, partner, children, business management and bank activity can all undermine a claimed exit.
Treating Thailand or Paraguay as a mailing address. CERØ does not build that. The move needs to be real enough to survive questions later.
Public references
- AEAT Modelo 030 residency FAQ
- AEAT Form 721 deadline FAQ
- AEAT Form 721 threshold FAQ
- BOE Article 95 bis IRPF
- Leave Spain tax residency guide
The next step
If you are leaving Spain with crypto, the right first move is to map the exit year and the destination file together.
Book the CERØ diagnosis call. We will tell you whether Thailand or Paraguay is the cleaner path and what needs fixing before the relocation starts.