Recent content by jobe92

Thank you for your response @blockchain4ever . Do you know anything about corporate cryptocurrency investments, is that considering legal, or is there laws restricting that? More specifically I would like to put most of the money as stake into a proof-of-stake coin, and earn "return of stake" on...

Hi, I have a company registered in Cyprus. I would like to move the money to another new EU company. My idea was to set the other EU company as owner of the Cyprus company then transfer the dividends. Is that possible, and would tax have to be paid on the dividends in the new company? There has...

Thank you very much for all your feedback @Martin Everson, I really appreciate it. I have a few more question. - In case I pay out dividends from the company, declare it to my local tax office, and pay the tax, then there should be no problems, right? - There has already been paid Cyprus tax...

I appear in the docs of the company, in a certificate of trust i guess, but I dont appear as the UBO on the companies bank accounts. So i guess its up to the CSP if they want to reveal the actual UBO to the registry, instead of a nominee. True, but isn't it also contradicting all the GDPR...

If thats the main concern then i think EMIs would be safer bets than actual banks (they tend to be less strict). I'm using an EMI, and i'm not listed as Owner of the company, thats one of the nominees. I just have a login for the bank account.

Thank you @Admin, it will be really interesting to hear what your agent will say.

Thats really interesting Admin. So you are saying the nominee director for example, will just be listed as the UBO? Can you point me in direction of the law firm you are talking about, maybe just in PM? I would like to know if my company administrator knows about it.

No, I really don't like the idea of getting my name in a public registry as owner of a Cyprus company. It most likely wont matter, but the moment it enters the public internet, its not going away. :) Could my home country start demanding taxes for the company, once they see that i've been the UBO?

Thank you very much for your help Martin. I guess the only solution is to close down the company then. But what about setups outside of EU, which has possible banking options, and will remain some kind of privacy for the next few years to come? Is there such solutions? I am based in the EU...

Okay, thank very much for your response, Martin. I have read that to be listed in the UBO register you need to own 25%+1 of the shares. Is it possible to have multiple owners, for example me (25%), 1 trusted (25%) and a nominee (50%), and then list the nominee owner? If such a thing as nominee...

Hi, I own a Cyprus company with nominees directors and shareholders. I generate revenue from digital services, all 100% legal, but I really like the privacy of this setup, and that my name is not accessible in any public registers. How can I keep my personal name away from public UBO registers...