Cyprus Bank for less Crypto Taxes

[JohnAchilles]

Hi all,

I have recently moved to Greece (I have a greek + canadian passport).

I am an employee of an american crypto currency company (I am paid in USDT/USDC) and own various crypto holdings myself.

I am looking to cashout my crypto in order to purchase property in Greece, and setup a business in Cyprus to receive my paycheck at a favorable tax rate.

I seek guidance in setting up the bank account, the best practices and a referral to someone to get the process done.

I can take the flight to Cyprus anytime.

Thank you.

 

[CyprusLaw]

Hi John, I⁢ assume you need full services, including incorporation of the company, nominee services and bank account︀ opening correct?

 

[JohnAchilles]

Hi CyprusLaw,

Yes that's quite‍ the case! 🙂

 

[CyprusLaw]

Will you be‌ relocating to Cyprus or will you be living in Greece?

 

[JohnAchilles]

Living in Greece is my goal

 

[CyprusLaw]

The main issue with‌ this it would be that as a non dom your dividend payments would be sdc‍ exempt but as you would be living in Greece you would potentially have to declare⁠ this as income there. If you want I can send you a PM

 

[JohnAchilles]

Yea that sounds good, would love to chat⁤ more!

 

[kono]

If you know⁢ the way how to buy property/car in Greece by cash please let me know)

 

[ambassadorcy]

Hi,

If you⁢ will be living in cyprus no need to deal with banks and taxes for crypto.︀ Only thing you should do is to cross border to northern side of the island︁ and exchange your crypto holdings.

 

[CyprusLaw]

You can⁠ do business in the Republic of Cyprus using crypto, rather than running like a criminal⁤ to the occupied side.