Claiming planned tax changes as his main motivation for leaving the United Kingdom for Luxembourg, Switzerland, billionaire businessman Christian Angermayer has Angermayer, well-known for his large bitcoin and blockchain tech investments, attacked the most recent tax changes in the UK, particularly those aimed at offshore wealth.
Angermayer was regarded as a “non-dom,” which let him avoid paying taxes on overseas income for a short period, while living in the UK. Angermayer argues that a new plan, which wants to cut the tax benefits for non-domiciled residents from 15 years to only four, will negatively impact the nation’s economic future more than Brexit. Angermayer responded to these suggested adjustments by saying almost all non-doms he know have either left the UK or are about to do.
Leading family office Apeiron Investment Group—which specializes in industries like biotech, cryptocurrencies, and psychedelics—Angermayer moved to Lugano, a Swiss city recognized for its positive attitude toward Bitcoin and other cryptocurrencies. Angermayer personally has departed, but Apeiron’s London headquarters will carry on.
Angermayer discussed the link between Bitcoin and LSD at a recent conference, saying both provide individuals freedom—from governments in the case of Bitcoin and from their egos in the case of LSD.
The new residence of Angermayer, Lugano, has become very active for Bitcoin acceptance. About 250 stores in the city take Bitcoin payments; the stablecoin Tether (USDT) is also popular. Initiated in 2022, Tether’s cooperation with the local authorities has made Lugano among the biggest Bitcoin-friendly countries. The city also hosts the yearly “Plan ₿ Forum,” a blockchain and Bitcoin conference.
Apart from his endeavors in cryptocurrencies, Angermayer owns Northern Data AG, a Bitcoin mining company, and Samara Asset Group, a crypto-oriented investment firm. He allegedly brought Northern Data to Tether, who then bought a sizable portion of the firm, therefore increasing his relationships to it.
Beyond money, Angermayer co-founded Enhanced Games, a distinctive athletic event pushing the usage of performance-enhancing chemicals. High-profile investors like former PayPal CEO Peter Thiel have supported the initiative.
Angermayer leaves the UK and joins an increasing number of affluent people choosing to move because of changing tax laws in search of better surroundings for their investments and businesses.
