Best jurisdiction

[dotpedal]

Hi

Hypothetical situation:
I have a Canadian corporation. I want to save on taxes so I want to buy $100K in Bitcoin then send it to a offshore company with invoice etc. for "web development services."

What jurisdiction and structure would u recommend for this? Ty.

 

[negon]

I would setup a Cyprus company since you will be able to make use of‌ double tax treaties and it can be setup more legit than for instant a Seychelles‍ or Belize company can. If you have that money available you will also be able⁠ to pay a CPA in Cyprus and in Canada to help you to coordinate reporting⁤ etc. to the tax office (CRA) in Canada and make use of tax benefits to⁣ reduce the tax.

 

[JohnLocke]

Cyprus is not too bad a suggestion! However, if you want to secure your investment‌ and stay unders the radar I would do a 100% anonymous setup if I was‍ you! Forget about real bank and real docs in that situation. You need to think⁠ more out of the box!

 

[maxmoney]

Discuss your options with @auric if you have money he can help you to fly‌ low under the radar!!