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Malta has 5% if you manage to qualify which largely depends on your line of work. Ireland will soon fall in line. Bulgaria will take a little longer and lets not forget, because of the language Bulgaria is less attractive as a haven to establish oneself.

You basically go where your contacts go. If that means telegram, then get a number that cant be connected to you. In some occasions you will be the one that can decide on which app to use. Where Skype was convenient (wholesale telecom industry is still using it a lot and facing the same...

Evasion and legal dont go together :P

OTC in Switzerland nowadays also requires KYC

Agree on the banking. The legal frameworks of the jurisdiction are however nice but... with all the changes in the last 15 years im not sure if Cyprus is headed in the right direction long term. This 15% thing is for instance not necessary and yet its proposed. How stable is the country in that...

Estonia is/was crypto scam haven number 1. In that sense I can understand the question but not its relevance for the Estonian company. At best this is a profiling question. I agree on being careful and aborting the form 100%.

Here is your opportunity! Go for it!

I would still have to onboard @melnascal as the risk is on my name. I'm all for bypassing stupid regulations. I'm not in the market to play straw man / fall guy

I'd say welcome to doing business where verification plays a role... The fun and games time is over. Thou shalt comply, and if not, then you likely will be out of business anytime soon. I personally haven't come across any org in the ID verification world that didnt have an onboarding process...

Same here. It was too good to be true. It attracted a lot of malevolent characters. Better to stay far away from that jurisdiction to avoid becoming collateral damage.

That was a strategy used by sovereign until around 2010. Somewhere around that time they ended up in many legal battles regarding that setup and had to discontinue it. Also, dont forget that they are looking for an Ultimate Beneficial Owner i.e. natural persons. If you cant provide one (which...

Or "center of your economic activity". Very arbitrary but it boils down to where you spend your money in your free time. They go as far as where you receive your parcels, play tennis, drink your gin tonics, buy your clothes, or how you book your flights. Just to highlight a couple of items.

Take it from me that in theory this sounds good. Yet in practice your home country will deem you still a tax resident and tax you. Especially when you stay 180 days in your home country and only 35 days in Dubai and the rest in others. To avoid the tax vultures coming from you, better be...

I would say "It depends on your activity". If you are an online business then your accounting costs are basically only the auditor. Depending on your volume and turnover that is normally around 2500 annually. Depending on your provider you pay for a nominee somewhere between 500 and 2500. Price...

You are talking about ... drum roll... the trust. And if you have been following what is happening with trusts globally then you know that the concept is also slowly disappearing. Again because of the KYC/CDD/Compliance. New structures are hardly able to fulfil all obligations. Current/existing...

Silent partners is something else then nominees. She was just a nominee. Like there are hundreds of people in Europe doing similar things. In a previous life I've been one myself. Its part of the job so to say. Not really, but hey, you do you. Let me know how it goes because it wont be a walk...

I'd say; mostly monetary. (I never came across silent partners that invested in the form of work.)

Here is another link about the topic. https://cyprus-mail.com/2025/01/10/cyprus-to-join-schengen-area-by-2025-says-christodoulides

There are some distinct differences though. What you refer to can be done with any setup. What TS tries to find out, is what daniels27 highlighted. Your option only goes to 25% ownership where a silent partner structure (in so far it is still allowed) could own 99% without having their details...

It defeats the purpose of the setup when a silent partner accepts a position in the company. You are then better of with a different type of entity.