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"Because normally, a business owner should not pay himself a salary, but just take out dividends, to avoid social contributions" Yes that is indeed the theory. First of all, not all countries will accept this and will tax you then on dividend distributions. Second, you dont want to attract...

Owh that one is easy.. For context: https://en.wikipedia.org/wiki/2012”“2013_Cypriot_financial_crisis It wasnt necessary what happened and yet it happened. Until then Cyprus was quite sovereign in Europe. Since then Cyprus is not so sovereign anymore. In short; when told to jump all Cyprus can...

And it's not that long ago when the tax rate was 10%. In a little over a decade a 50% increase is substantial and shows a not so trustworthy government. Is Cyprus still worth it? IMO yes, they are still a tool in the toolbox. Same for personal tax threshold of 20500. With some proper...

It depends on the turnover / profit. I even managed to write off foreign traffic fines, entertainment in full and many other things which you can officially not or only partly write off. It pretty much depends on your turnover.

A private foundation sounds like a solution. Perhaps with an underlying active company. In that way you can slowly involve beneficiaries in taking over the estate as well.

Substance is only an issue when your passport country / countries is / are keen on collecting taxes from you.

I tend to agree with you. In 11 years time ive only had two times an instance where I got annoyed by the attention. All the other years no issues. Just make sure that your payroll is flawless (if you run one) including all the contributions.

Normally these things are possible as long as there is some documents supporting you using that business name. A sole proprietor also registers as such and in many countries around the world you can then add a name. On your bank statements and on the statements of the other parties it most often...

Marry her?

ETH was bound to go tits up ever since it became clear that it was corruptible. It was more waiting for an event that triggered it. I am still not sure if this is that event yet I am not surprised that ETH is crashing.

This could work. Given the timeline the topic starter is working with.. I highly doubt if it can be pulled off. Am I the only one not seeing this as a capital gain tax issue? I'd say this will be CIT first. And afterwards CGT. If you acquire the website activities in a subsidiary owned by a...

Having advised several family offices in the past that either already had their own bank or were considering it, I've learned to look for what you can buy. Plenty of banks are for sale in almost all jurisdictions. The benefit is that you dont have to jump through the hoops when starting up the...

Just don't receive money in Dubai. Just spend it and be the Perpetual Tourist ;)

And definitely not safe insofar it ever was. In multiple groups people are now complaining about chat history being deleted and information being "leaked". Ever since the arrest of Pavel in France TG has changed.

"would not", not "would"

Just use the word "reasonable". 20M on 500M would be considered a hidden distribution.

The issue with not giving away control is that the trust itself can be set aside. Also in the USA. To exercise as much control as possible a family office could be a solution. Via a FO council you have an oversight body. Effective control lies than at directors level in the FO. The trust itself...

For the trust in itself (its a basically a written contract) you dont need a trustco. Depending on the complexity you will however end up hiring people which eventually ends up in creating your own trustco, or what people in such a situation prefer, a family office :)

Just some nuance... Even when living in Cyprus with all the paperwork and a normal Cyprus Ltd and paying VAT, CIT and many other taxes.... It doesnt mean you will be seen as local. After having lived their for 4 years and multiple meetings, recommendation letters, audited annual accounts and...

Salary / Management fee. Excessive dividends, which happens in sme's, are always scrutinised because of dodging taxes. Owh and keep in mind that consulting companies in general struggle to quickly and easy open a bankaccount. Have a proper business plan available when applying. It's likely the...