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Do you have any real experiences with the Cyprus tax authorities regarding a Belize company?

Thanks for your answer. I thought this isn't so much time that things change this significantly... My tax accountant set up a Belize firm with a nominee director for me and said this will work. I was skeptical from the beginning. So as we are in 2021, it seems I should just liquidate the...

Haven't you said exactly that this is possible in your post here? https://www.offshorecorptalk.com/th...ore-company-as-private-beps.24132/#post-80902

Isn't it obviously that the company is managed from Cyprus and so has to pay taxes in Cyprus? Or do you think the Cyprus tax authorities accept this on purpose...?

The sentence should be like this: *If I say "I made this money with trading through my Belize company so I don't had to pay any taxes, because in Belize the tax rate for companies which don't do business in Belize is zero percent" they will probably directly call the police?

Hi, my tax accountant in Cyprus came up with the structure to set up a Belize company to do crypto trading to pay zero percent taxes. He said I don't have to declare the profits in my tax return because they are tax free. Does anybody know if this is legal? But apart from this I think even if...

As far as I know all the crypto exchanges don't provide any statements. You can only export your trade history as .csv-file for exmaple. And if you never exchanged to to USD/EUR to send to your bank account you can't have any bank slips?

As far as I know all the crypto exchanges don't provide any statements. You can only export your trade history as .csv-file for exmaple. And if you never exchanged to to USD/EUR to send to your bank account you can't have any bank slips?

What about if he says he made it with trading?

What about if he says he made it with trading?

I thought we speak about a Cyprus Limited. If you speak about a offshore company I agree with you. But for which offshore company (in a country with low tax) do I get a broker account and a bank account? I asked InteractiveBrokers if they open accounts for Cyprus companies and they do this but...

My tax accountant told me the same but I am still quite sceptical. Do you have practical experience that this works?

Don't you think the tax authorities will say that the offshore company is managed from Cyprus?

Dividends are free, yes. The difference is the "active trading" part. So if you frequently buy/sell stocks the gains from this are not tax exempt anymore.

Yes, I spoke to two accountants. One said it is tax free, the other one said if trading stocks is the main business of the company and you trade actively/often it will be taxed with 12,5%. I can't find clear information about this. Do you have a link to a government website where they clearly...

Where do you got this information? Would be great to have a link to a government website where they clearly speak about this because accountants here tell you different opinions...

I think this is wrong. If you have a Cyprus Limited as Non-Dom the company still has to pay 12.5% tax. Just the dividends you pay to yourself are tax free.

I don't know if this is allowed to ask but does anybody know another forum or an accountant in Cyprus where I could ask this? Seems nobody can help me here.

Okay. Can you send me a private message here please?

I don't see a function to send you a PM/mail here? But maybe you can explain here if it makes sense at all to go into detail. Because I mean what do you wanna check regarding shareholders and management? Both is just me. What do you need to know? I honestly don't want to send you my passport...