Search results

As long as you have no family/company you won't be marked with this. But yes, you have to consult with advisors on this. Every country is different and other steps have to be taken. I got list of around 15 steps to take in order to cut the vital interests thing. It's country specific. The...

All points can be easly satisfied, you want to be cyprus tax resident then of course you want to live some here. It's just better than malta because you can satify these 4 points and have more room for traveling abroad. On malta you need to be there at least 183 days, while cyprus at least 60 (+...

Oh and in case someone is researching EMI's. Be aware that most EMI's wont accept such schema and cryptocurrency transfer. Except of MisterTango which will very likely close your account under some AML rule. Mailed plenty of emi's and that's the conclusion as of 2018. Also changing residency...

That's why you dont cash out as private person. I was told multiple times from different sources that it's dangerous to cash out such way. UAE is an option but expensive to do (general living cost). If you do it on your own you also have to form company to get visa, but you can also use some...

Yes, from what i'm reading it seems that CFC laws are in development. More here, scroll to "The CFC Rule" - however there are some threesholds if company income Maltese Government adopts law to implement EU Anti-Tax Avoidance Directive; NID rules approved by EU Code of Conduct Group

... Doesn't matter, cryptocurrency businesses are banned.

Malta doesn't have CFC, been told that multiple times. So very interesting post of yours. Perhaps your accountants were looking for job so you incorporate maltan company? :) If anyone have more info please provide.

As long as we're out of scope of CRS and residency given to exchange is different than real chances for disclousure are low. But overall in this case -> no trading, or no exchanging crypto for crypto that would create tax liability earlier. I'm not sure if creating private banking account in...

@PolishCourier Of course you are right, people posting in this thread are not even aware of such as simple term as "tax residency". Very good point on the creation of tax liability, but as long as my coins were not purchased or sold... i think the tax liability is created the moment you sell...

They do not accept cryptocurrency businesses. Just got answer from them by email. Epayments also do not allow cryptocurrency businesses. So far there seems it's only MisterTango (which is currently kicking customers out of their own platform) and advcash with 3% transfer steal fee. People say...

Which EMI's support cryptocurrency business payments except of Mistertango? Revolut/Transferwise dont allow cryptocurrency. Advcash takes 3% for transfer which is just a steal.

@niggashit You put good proposals for banking, but i'm telling you what the law is. If you are polish resident you are subject to tax on ALL INCOME that you generate, even outside of country. So if i sell my stuff by transfer to bank of Cambodia/North Korea/UK or USA it doesn't matter. You...

Of course they know the banks, but i prefer to ask here. The problem with big law agencies is that you have to pay them shitloads of money. They can get you anything you want, but for 5x market price. If i dont get offers here, i'll just use them. Will give you example, the above optimization...

I think you compare some internet consultant with real big law agencies worth millions. I dont consult with internet people because law changes constantly. These agencies do not only do tax optimization but also represent you in court etc. They know very well about cryptocurrencies and optimized...

I will contact you when i finish all consultations. Yes i was thinking this myself... that the company might not be needed at all, however all law firms assure me that it's needed. It's related to malta foreign income problem. I dont understand exactly what foreign income is taxed and whether...

It's necessary and people reading this need to know it. The action you describe is ilegall in most countries. What you are doing is performing is usualy ilegall actions (not paying tax) and hiding. If you try to spend money on property in your original country or any expensive car you will get...

Tax residency is required, as you pay the taxes there where you live. In my country crypto tax is 19% if you stay there more than 183 days a year. If you move to malta and become tax resident there, you are taxed 0% on abroad income. Going just to private bank without changing residence, would...

Hi, I want to cash out my crypto holdings (around 700k$) split during the next year. The setup advised is following: - Residency in malta (EU) with official proof from Maltan GOV - Company setup in Marshall Islands/BVI - Bank account outside of Malta for company - Bank account in malta (for...

I'm not sure i understand things correctly. I assume that if i had a Nomineee, it'd get his PERSONAL utility bill?, but they demand for company not personal :) Bank statement as i said is last hope, but i'm looking for other options... Any idea? Maybe a virtual office provider that can get a bill?

Hi guys I'm thinking about opening a offshore company. Preferbly somewhere where i dont need to deal with accounting - perhaps marhall islands. However some bitcoin exchanges require proof of address for the company. 1. Is there any virtual office service where i can get proof of address with...