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Hookers and blow, what else?

Good article and right on time in this ever changing landscape. Thanks!

Speak to multiple people (at least three) and pay them for that conversation. The ones that share a philosophy with you can go to your short(er) list for follow up conversations in which you pay them again and in go depth on how they would approach investing. Also decide for yourself what kind...

Dated info but”¦ You could be a full ghost in Cyprus until at least 2018 if you can enter the country without visa requirements. Rent private and the only thing to worry about is the census every X years. Electricity water and internet you could pay in cash (perhaps you still can).

The one thing that could be asked for is a proof of income at the time that you funded a wallet for the first time. Came across that once as a 7 year period didn't cover that initial funding. Proof of income could be a tax return. Basically what they want to see that, say you earned 100k, that...

It is in the Netherlands, and that will count for the topic he started. They are very strict even on the days in NL.

I believe the UAE was taken of the list earlier this year because they met the required standards (on paper). Implementation wise they have some issues to resolve before they are compliant.

1) Yes 2) To a certain extent. You can't shift all of the profits by invoicing the WorkCo empty. If you use CY Holding for receiving dividends and say monthly management invoices for services provided by you to the WorkCo, you wont risk a lot for as long as everything is within reason. BEPS...

Ive advised (U)HNWI in the past. Now im (semi/mostly) retired and am here to give back to people that value my contributions. The only thing I still actively consult in are special cases in the offshore/relocation domain and only then, when I find it challenging and worthwhile enough. Tax...

Exit taxes WILL arise. A fair market price has to be paid by the CY Holding to acquire the shares (all sorts of options are open) and that will bring a tax bill. Time to look into how days are counted. Not all countries are equal when it comes to travel days for instance. If I remember...

I gave a lower end and didn't say that it would be comfortable. As with anything it depends on the specific wants and needs. Monaco offers a robust setup proposed and supported by the government. In Cyprus I don't think they will pull the rug immediately but we have all seen how external...

Cyprus isnt Cyprus anymore in that sense. Until 2010-ish offshore providers I worked with, had IBAN numbers on a list and could allocate those to clients. The accounts were immediately active and the client details were shared later.

A client I work with transfers regularly from ING in NL and Credit Suisse in CH to the UAE. Without exception always in USD. Transactions normally take 72-96 hours. It depends a bit on when they are initiated. Wednesday or later is always credited after the weekend. Monday / Tuesday shows up...

Read what I wrote and what you quote. Mixing illegal money with legal money falls under money laundering regardless of what wikipedia says. Plenty of court cases have shown that. In the end when it came to the financial part, claw back / pay back, it often led to untangling the illegal from the...

Ahh so you are one of those unfortunate ones that made legal money into illegal money and now want to make it legal again. And the step from legal to illegal already costed you 50%. FML. Going back from illegal to legal normally costs around 15-25%. Practically, everything up to 100k I would...

There is no universal/generic specialist. I can't give you a name because I dont know your story. At the very least I need to know your story before I can answer that question. I learned this back in the day (around 30 years ago) the hard way and paid 500 USD for it. You are welcome. You start...

An IP structure can work if you follow substance and presence rules. There is a lot more to it than a TikTok can cover. Why not? To attract a younger generation that has acquired wealth with social media you have to go where they are. It's good marketing.

1. It depends a bit on the jurisdictions involved. 2. I agree wholeheartedly on this. A lot are just selling whatever their company offers without looking at what the client needs. 3. Hmmm, ok. If you truly spend 100 hours on the topic you would be able to answer this question without too many...

In addition to the above; in Monaco it is expected that you buy if you are a foreigner that comes to reside there with wealth. Buying starts around 700-800k Euro. Besides that you need the substantial amount of wealth to provide for yourself. I'd say that with a wealth level of below 2,5M it...

Just so you know.... mixing is already laundering. For my understanding; if you win money with poker. That is legal money in itself. When something is paid to you, do you get some sort of a statement or something? I have no idea how that works.