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What's the source that royalty income isn't taxed at PIT rates for non-doms? https://taxsummaries.pwc.com/cyprus/individual/income-determination Under "exempt income" there's no mention of royalties and they mention specifically that dividends and most type of interest are exempt from taxes...

Is it clear now for you? Non-dom doesn't mean non resident.

I'm in a situation where i need to pay some salaries in crypto but the problem is that sending money to crypto exchanges is a sure path to get your account closed with most EMIs. What do you guys use to solve this problem?

US LLC it's not an entity for Cyprus, it's like you being self employed. That's why all income you receive is taxed at PIT tares. It doesn't matter

Did you actually read what FATCA is? The Foreign Account Tax Compliance Act (FATCA) requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders...

AFAIK FATCA only cares about offshore assets of US residents. So for example a US resident with a Swiss bank account.

Of course not because you are Cyprus tax resident so you'll have to pay royalties at PIT rates since Cyprus sees US LLC as tax transparent.

me: "Good morning i would like to open a USD bank account for my new Iranian company" US bank clerk: "Good morning sir, would you like a coffee while we wait for the feds?"

Right, those are actually two separate issues. Well at least you got your money's worth out of that consult.

I don't understand how owning personally the UK entity would actually help with LOB but hey if that was suggested by a top international tax lawyer i'm cool with it. Even if in theory it's a great idea, you have to keep your eyes and ears open about the political situation which could impact...

Who do i have to go out with to end in a prostitute parlor with pretty girls?

You are right. I realize my post didn't convey what i was thinking. The point i'm trying to make here is that the problem isn't the country receiving the royalties (UK, NL), the problem is the source of the royalties (US) that has limitation on benefits rules to prevent profit shifting. US...

This is the best advice you could get in this thread. Unless you are filling a very specific niche or solve a very specific problem i would avoid this business model. Beside solving the chicken-egg problem two sided markeplaces suffer from multi-tenanting. People can sell their products on...

One thing is IP licensing and another is profit shifting which is what OP wants to do. Uber in the past used NL for his dutch sandwich setup where they only paid 1% in taxes in NL, the rest was shifted to Bermuda thanks to a IP licensing deal. So yeah, some US corp used NL for IP licensing but...

I said that half joking but if creators are having such problems in getting paid the solution is to have their own payment solution.

They should start their own bank

That's because she didn't share her OF profile with the decision maker :p

"Hey why don't you manage your offshore company from Malta so that we can tax you as local sourced income?" That's a hell of a strategy. Awesome! Just out of curiosity which offshore company are you using?

Are you using a resident non domiciled company in your setup? :cool:

What about moving to Monaco and open bank account there?