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What do you say about crypto to crpyot trading being tax free in Cyprus?

I am refering to 15% because thats what roughly what you end up paying by running a cyprus ltd. Your assumption was that you will be in a bad situation if Cyprus introduces a crypto law that states crypto to crypto is taxable. But why are you assuming they introduce a crypto law and keep the it...

1. Yes and at that point you can establish the Cyprus Ltd and make the capital injection with your cryptos 2. There are indeed rulings that were made by individuals with exatly this outcome. Are you not submitting ruling requests yourself? 3. You dont need to take it under the company as long...

Yeah right. I guess lawyers and accountants tend to make things look more complicated than they actually are. If crypto to crypto is not being taxed thats 99% of the problems solved. The remaining 1% you mentioned is not where the pain of crypto traders is and can be solved once its time to...

Yes if you trade those crypto inside a company accounting rules apply. But on a individual level its not needed as you dont file a tax report for it. You either wait for Cyprus to release the new law for crypto regulation or transfer the crypto to a LTD with a capital injection if you want to...

Did you find a solution in the meantime or how are you declaring your crypto profits in Cyprus?

Can you please tell us how the 0% tax scenario in Cyprus looks like?

At the moment CFC rules in Cyprus only apply for companies and not individuals. Thats why most of the tax residents in Cyprus use offshore companies to lower the 12.5% corporate tax. I agree that Cyprus is a lawyers mess. The benefit of Cyprus in regards to Crypto trading would be trading tax...

Would the following work? Grow the cryptoportfolio to 7-8 figures by trading crypto on private level. Then establish a Cyprus Ltd and transfer all crypto to the company by capital contribution and then cash out to fiat? Thats not gonna work right?

Hi, are you sure that swapping crypto profits to stablecoins is not a taxable event in Cyprus? Do you have any source for this information? @CyprusLaw can you also confirm?

Did you receive any answers on your question?

Who cares about bad reputation if you dont plan to do business with other companies?

Hi, what experiences do you have with Dubai companies trading crypto currencies? I could not find anything on this topic on your website. I have crypto assets that I am currently holding privately which I am looking forward to transferring to an offshore company. Would that be accepted in...

Okay Dubai but what other options do you know of that are crypto-friendly and have a 0% tax rate? I was told you can open a bank account with Migom Bank for Belize.

There are more than enough local lawyers offering this service. There is nothing easier than getting a residency in Paraguay if you have an EU passport. I did it myself. What you need: - 8 days in Paraguay to get everything done - 5k deposit in a PY bank for 3-6 months - 5k for the service 3...

Hi, so are you saying as cyprus non-dom it is not possible to payout offshore dividends with 0% tax rate anymore?

Why is it not a good jurisdiction? Its still possible to be 100% shareholder of a belize company and having someone else as a director while paying out dividends as a non dom in Cyprus with 0% tax rate. This has not changed, so what do you mean?

Hi, I am also in Cyprus and I don't understand the issue with having an offshore company to payout dividends. The only thing you need to take care of is to not be the director of the company. So you just find someone else to have this position or you hire a nominee director. From there all...