Most efficient ways to cash out crypto low tax in Cyprus?

[Matade]

How to cash out crypto with low tax as possible in Cyprus?

 

[donna4]

As far as I know, many financial institutions in Cyprus are still allergic to the word "crypto".

 

[CyprusLawyer101]

Depends on various factors; case must be examined on its merits. if you would like to discuss this, let me know and I can send a dm.

 

[alpakiwi]

I've just replied to your other thread

 

[lavel]

CyprusLawyer101 said:
Depends on various factors; case must be examined on its merits. if you would like to discuss this, let me know and I can send a dm.
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What makes a Cyprus bank like crypto? is it a secret or you want to post it here?

 

[Matade]

donna4 said:
As far as I know, many financial institutions in Cyprus are still allergic to the word "crypto".
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Not into Cyprus banks. Overseas, but how to do it tax efficiently?

 

[CyprusLawyer101]

lavel said:
What makes a Cyprus bank like crypto? is it a secret or you want to post it here?
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I am talking about the tax efficient conversion , not the banking part. This could be achieved elsewhere, although there are some institutions in Cyprus willing to listen.

 

[zaybxc]

A limited company is the best way to lower tax on crypto cash out.

 

[RickWolf]

I know a guy living in Cyprus who uses a Crypto debit card based outside the EU that he loads with stablecoins and he uses it for everything and his accountant is happy not reporting this as Cyprus has not clarified the rules around Crypto and just considers it spending cash.

 

[Matade]

RickWolf said:
I know a guy living in Cyprus who uses a Crypto debit card based outside the EU that he loads with stablecoins and he uses it for everything and his accountant is happy not reporting this as Cyprus has not clarified the rules around Crypto and just considers it spending cash.
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Which crypto card is it?
And it's legit, right?
I mean. If you spend USDT on cryptocard. It's 1USDT sold for 1USD, therefore there is no "profit" to speak of.