Where can I move to or open up a company to pay less taxes for cryptocurrency profits? ?

[newbieshore]

Hello
Is there a place to open up a company/corporation to pay less in taxes‌ after cryptocurrency profits? I know some move to Puerto Rico but not sure how that‍ works.

Does anyone have any knowledge or has done this in the past?

 

[boomy]

Depends how you make the profits, by trading or by simple investment, hold and take‌ the profits later!

Zug / Switzerland is by far the most attractive place to setup‍ a company when it comes to crypto trading and tax general speaking. Dubai comes on⁠ a second spot for me.

 

[Mr Gus]

You are from the US?

 

[Silvio]

I've heard only horror stories about Switzerland (mostly⁠ here in this forum). Expensive setup and banks still don't want to deal with you.⁤

 

[denniz07]

Hi, do you have experience⁤ with Zug? Would love to exchange or hear more. Kind of afraid a bit about⁣ my tax declaration that I need to do.

Actually, I moved to Zug. It seems⁢ that if you are classified as "Wertschriftenhändler", you would basically have to pay about social︀ 10% + 25%.

For a company as I understand you would basically pay nearly the︁ same, dividend tax + cooperate tax (so maybe few %percent point lower).
It could make︂ sense, if you keep the money in the company, but then the dividend tax hits︃ you later anyway.

Hopefully my case will not become one more horror storie. Not sure what to expect. The︅ worst would just be do make huge reports or documentations. That really kills all the︆ fun.
Basically expecting a tax of 35 +- 5%. Can say that there are some︇ crypto banks there, that would deal with you. The big / more traditional ones really︈ want a lot of data till you can open an account.