Search results

US registered LLC with customers in the US providing services; the defining factor in these type of operations is usually "where" are the services being provided. In your case it could be argued that a part of the service is provided in the US. A correct application of tax rules should provide...

Set up a Cyprus company as a payment agent to your Montenegro company. We have already set up numerous similar arrangements and we find card processors in the EU easily accepting such structure. We also have a few brick and mortar banks in Cyprus who have accepted it. Taxes would not be an...

Hello, Maybe I can help. Let me know if I should dm you.

Use a double tier structure, Cyprus would work, finance the entities accordingly, buy the website on the lower cokpany, sell the lower comoany's shares ( free of capital gains) . You have to satisfy motive test and other anti avoidance rules of the UK. CFC rules shouls be manageable. I could...

Also make sure you filter your planning through hybrid mismatch rules

Are you working under a company currently?

What i am saying is that if you can open an account with a retail branch you are classified as a local customer. If you are classified as an international business company you will be referred to an IBU. The classification differs from bank to bank and there is also the discretion of a branch...

Yes, I told you the way

A retail branch is dealing with local clients. If they are to on-board you then you cannot be considered anything else.

if you will be moving residency to Cyprus and running a Cyprus Ltd then I would suggest you just walk-in to your nearest brick and mortar bank and explain your business, you should be able to get an account opened.

A Cyprus company acting as payment agent works just fine for such set ups. We have already set up a few and found Cyprus banks ( not EMI) which understand the structure and have onboarded such clients. An agreement muat be put in place reflecting the relationship between the two cos. Let me know...

If Cyprus is in your list of preference, I would be happy to advice

Over The Counter desk, in this case one licensed for crypto.

Do it through an OTC which can on-transfer the funds to your car seller directly

in Cyprus its doable. I work with a few developers which are ready to take crypto. No issues with the land registry or anything.

There shouldn't be any direct obligation by a law or regulation requiring the collection of customer's information. Most of the obligations that exist are for protecting the data collected ( see GDPR for example) . The only obligation that arises is for maintaining proper accounting and tax...

As other members have mentioned, Cyprus cos are being used sucessfuly for this type of operation. Not sure about the anonymity thing. What would be your question exactly?

well its not only words really. its a methodology of approaching tax planning and obviously its aim its to stay as far away as possible from an adverse result - ending up in court, however there should always be a good case in place in case of an adverse outcome.

@wellington @Martin Everson @pma995 As the replies on this matter are following my suggestion to OP that I can advice him on how to structure his ongoing affairs in ways to minimize taxes, I feel the urge to reply to the follow up comments. Although what is being said by Wellington and Martin...

Thats good. UK has some rigorous tax rules, but I should be able to structure it through at minimum risk. Let me know if you want to chat, and I can dm you.