Search results

How much time I have to spend in a jurisdiction or what ties do I need to have with the jurisdiction (other that my person being a tax resident there), so that my offshore company would be considered corporate tax resident there? Let's say I wanna spend 1-5 months per year in different countries...

Which EMI and how will I do the crypto-->EMI transfer?

Anybody tried to withdraw money from a crypto exchange to Georgian bank account? Was there any issue from the bank's side?

Just checked this and my country has exit tax only for corporations, so I'll be fine :) Poland has 19% exit tax for individuals, damn... Anyway, of somebody has advice how to avoid my offshore company become tax resident in Georgia if I have a temporary or permanent residence there, please let...

BTW which bank are you talking about? How much do you pay for transfers outside of Georgia?

I don't want to submit any tax returns or anything else to any government. Besides that I do some active trading and have other online business which wouldn't be excluded. I can stay in the EU without (almost) any restrictions anyway, as long as I'm not staying over 183 days in one country or...

We don't have such rules. But I'll double check with local lawyer/accountant to be 100% sure, as I wouldn't expect countries like Poland to have such exit tax rules... Lol, what about private banking? I wanna bank in reputable offshore jurisdictions like Singapore, Liechtenstein, Switzerland...

Actually I wanna cash out after getting offshore residency. If I cashed out now (while having EU residency) I'd have to pay tax in my country, which I want to avoid. Correct.. I also don't want to file or even do any accounting... The objective is to establish residency (or multiple...

You mean I can't receive USD directly and it gets converted twice?

Hello, do Georgian banks offer USD and EUR accounts? How to convert EUR/USD in the bank account to GEL at the best rate?

So far my plan is: Go to Georgia for 1-2 months, rent some flat in Tbilisi, (possibly get an utility bill in my name for easier bank account opening), open personal Georgian bank account(s), cash out $100-200k from crypto. Then I was planning to get the Short-Term Residence Permit (which comes...

To be more specific this is what I was planning to do first (quickly cash out small portion of crypto). Questions under #2 relate to my future plans. I might want to open an offshore company later for asset protection purposes, for passive investment holding, active online business or for other...

Thanks for pointing this out... Started a new thread related to this issue - Managing Offshore Corporation from Georgia?

My plan is to get temporary/permanent residence in Georgia so I could cash out some crypto profits tax free. I'm currently in the planing stage and I have some questions. 1. Resident and nonresident individuals are taxable only on Georgia-source income (source - page 4, source 2). So I can...

It works differently in my country, there's no approval. Simply by cancelling my permanent residence I stop being tax resident (assuming I don't spend 183 days and don't own a property here). Well actually, when cancelling the permanent residence, I have to fill a simple form and give them a...

OK, assuming you have a residency in a territorial taxation country, what would be the benefit of your offshore company having real tangible presence?

Well, I don't have to tell my government where I'm living, so I won't for privacy reasons.

What would be the advantage of doing it this way? Compared to being director of your own offshore (let's say BVI) company and having residence in a country that won't tax you (let's say Georgia)...

I live in an EU country in central Europe and I'm going to cancel my permanent residence and move to Georgia (or other no tax jurisdiction). I have some bank accounts in my original country. I don't want to change the address of these bank accounts, because I don't want the authorities in my...

I live in a small central European EU country. I'm going to become a tax non-resident of that country (by cancelling my permanent residence, not staying over 183 days and not having a property in that country) until the end of this year. Then I plan moving to Georgia, renting a flat there and...