Chain: CZ LTD want buy BTC from UK LTD via UK LTD Director

[moneyrequired]

Please tell me if it is legal to make following kind of chain:
1. Company from .CZ with one director/shareholder wants to buy bitcoins from a UK LTD company
2. UK LTD can't exchange crypto directly on crypto exchange
3. UK LTD pays to director for money exchange
4. Director deposits money to crypto exchange and sends these to UK LTD
4. UK LTD sends crypto to .CZ company from point 1.

.CZ and .UK companies have different directors
.UK LTD has only one Director who is an only shareholder

is this legal?
any aggrements between UK company and UK director should be created?

 

[Martin Everson]

moneyrequired said:
2. UK LTD can't exchange crypto directly on crypto exchange
Click to expand...

Why?ns2

moneyrequired said:
3. UK LTD pays to director for money exchange
Click to expand...

UK director would have to pay income tax etc on money he receives into his name from company unless it is recorded as a 'directors loan' but tax may still be owed on that even. But paperwork and accounting is needed either way.

moneyrequired said:
4. Director deposits money to crypto exchange and sends these to UK LTD
Click to expand...

How would you be recording the crypto sent to company on the books? As capital injection, loan etc?

moneyrequired said:
is this legal?
Click to expand...

Legal? This all makes no sense to me at all...bizarre conf/(%

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.