Recent content by GPT

"Because normally, a business owner should not pay himself a salary, but just take out dividends, to avoid social contributions" Yes that is indeed the theory. First of all, not all countries will accept this and will tax you then on dividend distributions. Second, you dont want to attract...

Owh that one is easy.. For context: https://en.wikipedia.org/wiki/2012”“2013_Cypriot_financial_crisis It wasnt necessary what happened and yet it happened. Until then Cyprus was quite sovereign in Europe. Since then Cyprus is not so sovereign anymore. In short; when told to jump all Cyprus can...

And it's not that long ago when the tax rate was 10%. In a little over a decade a 50% increase is substantial and shows a not so trustworthy government. Is Cyprus still worth it? IMO yes, they are still a tool in the toolbox. Same for personal tax threshold of 20500. With some proper...

It depends on the turnover / profit. I even managed to write off foreign traffic fines, entertainment in full and many other things which you can officially not or only partly write off. It pretty much depends on your turnover.

A private foundation sounds like a solution. Perhaps with an underlying active company. In that way you can slowly involve beneficiaries in taking over the estate as well.

Substance is only an issue when your passport country / countries is / are keen on collecting taxes from you.

I tend to agree with you. In 11 years time ive only had two times an instance where I got annoyed by the attention. All the other years no issues. Just make sure that your payroll is flawless (if you run one) including all the contributions.

Normally these things are possible as long as there is some documents supporting you using that business name. A sole proprietor also registers as such and in many countries around the world you can then add a name. On your bank statements and on the statements of the other parties it most often...

Marry her?

ETH was bound to go tits up ever since it became clear that it was corruptible. It was more waiting for an event that triggered it. I am still not sure if this is that event yet I am not surprised that ETH is crashing.

This could work. Given the timeline the topic starter is working with.. I highly doubt if it can be pulled off. Am I the only one not seeing this as a capital gain tax issue? I'd say this will be CIT first. And afterwards CGT. If you acquire the website activities in a subsidiary owned by a...

Having advised several family offices in the past that either already had their own bank or were considering it, I've learned to look for what you can buy. Plenty of banks are for sale in almost all jurisdictions. The benefit is that you dont have to jump through the hoops when starting up the...

Just don't receive money in Dubai. Just spend it and be the Perpetual Tourist ;)

And definitely not safe insofar it ever was. In multiple groups people are now complaining about chat history being deleted and information being "leaked". Ever since the arrest of Pavel in France TG has changed.

"would not", not "would"