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If you are looking for freedom then check Bulgaria, Romania, Montenegro, Bosnia (areas close to the coast), North Macedonia... Albania perhaps (Albanian girls are hot btw). Croatia could also be an option as it's now part of Schengen (useful in case of another plandemic) Last edited: May 20, 2023

Would Binance be considered a sketchy lender in your opinion?

No, as TheCryptoAnt wrote above, to the country of tax residence. There are a several reasons why you should pick the Swiss entity in this case, for example MiFID II and European Enforcement Order directives do not apply to Switzerland. Also, I'm not sure if it's possible to get a credit card...

Go with Switzerland, keep your assets out of the EU

Correct. However, that could could be avoided thanks to the EU parent-subsidiary directive - the Romanian company could be owned by a Cyprus tax resident HoldCo. Right, it would only make sense if the US equities are part of a much larger portfolio and if the revenues fit into the Romanian...

He could set up a company in Romania for the sole purpose of holding US equities. See my post here: Romania micro company not worth it anymore? The DTAA does not contain a LOB clause and the WHT on dividends paid out to Romanian tax residents is only 10%. It might also be possible to credit the...

Thanks. Would it be necessary to register a branch if the foreign company is tax resident in Cyprus as a whole?

Thanks for clarifying the choice of ADGM. So as you said earlier the ADGM foundation would fully own the underlying FZCO which the founder of the foundation would be the director of. What is not clear to me is the succession procedure in case of founder's death. What exactly would be written in...

Would registering a classic offshore co (an IBC in the BVI for example) with a branch in Cyprus provide any benefits compared to a "standard" Cyprus Ltd? Bonus question: would it be possible for such company to become tax resident in Cyprus without registering a branch? As long as requirements...

"40-FUSD, 40-TDIV, 20-VEUD But consider taxes. If you own US stocks somehow (via options) you could claim your US withheld taxes. With Ireland ETFs targeting US it may not be that effective. But there is US estate tax, so if you plan to hold more than 60000 USD have a plan to sell excess before...

It's certainly not looking good for BTC, nowadays even SEPA transactions are cheaper and sometimes faster than BTC Privacy-wise there are much better alternatives: US Blacklists Bitcoin, Ether Addresses Tied to Russian Sanctions-Evasion Efforts

My point is that the 27% VAT rate doesn't matter if all you're doing is providing services or products to other EU VAT registered businesses. At least from the perspective of the Hungarian company (the supplier).

When dealing with local (in this case Hungarian) companies, yes, but not when dealing with companies registered in other EU member states (as long as they are VAT registered and have valid VAT IDs)

Has anyone tried to open an IBKR account for a Cypriot Ltd recently? Do they require the company to have a bank account in Cyprus? Last edited: May 13, 2023

I made some calculations regarding the use of Romanian companies for receiving dividends from the US at a reduced 10% WHT rate. However it makes no sense even at 200k euros per year. You would be effectively be paying 20% (minimum directors fee included) whereas you can just pay the 30% WHT rate...

VAT shouldn't apply to B2B services though, unless the customer is not VAT registered / does not have a valid VAT ID.

Have you tried Bank Frick?

Could a councillor who is resident of a country part of the Lugano convention potentially pose a risk to the foundation? What if there is a protector with veto powers who is resident offshore?

Does anyone have any experience regarding holding crypto in a trust or a foundation? There are not that many articles available online, but here are a few: https://www.forbes.com/sites/forbes...imate-asset-protection-tools/?sh=deed65078069...

They will "fix" that by imposing citizenship-based taxation across the EU ;)