Hi everybody. Congrats about the forum.
I´ve been operating an offshore company in Estonia for a few years. My first company. I must admit I incorporated rather impulsively. I later found out there is a high cost of closing the company/liquidation, but so far so good.
I´ve recently found out from a friend of mine that I can open a company account on a crypto exchange.
That means I would be able to transfer FIAT company earnings (untaxed) to crypto. But it is now were things get exciting:
You can then transfer crypto from exchange wallet to personal wallet.
Sounds too good to be true.︀ That means I can invest in crypto before I pay tax, keep it safe in︁ my own hands using cold wallets, and if someday I need to run away from︂ governments I can exchange it for FIAT through decentralized exchanges. I would probably use Monero.︃ I don´t see the Bitcoin community trying to anonymize bitcoin anytime soon. They are blindly︄ thinking about Lambos, when it´s actually helping the surveillance state (at least for now).
Now the uncomfortable questions:
What if I loose the wallet private keys? Do I get into︅ debt with tax man / bank?
What do you think the tax man is capable︆ of doing if a company is abandoned?. No more tax returns etc. They are recently︇ shifting the burden to banks, but they can do nothing but banning you from banking︈ again with them, right?. Do I just get banned from entering Estonia? How far internationally︉ can they go? Let´s assume it´s not more than USD 1m.
If I have kids︊ would they inherit the debt?
Any similar examples from yourselves/your friends?
I´ve been operating an offshore company in Estonia for a few years. My first company. I must admit I incorporated rather impulsively. I later found out there is a high cost of closing the company/liquidation, but so far so good.
I´ve recently found out from a friend of mine that I can open a company account on a crypto exchange.
That means I would be able to transfer FIAT company earnings (untaxed) to crypto. But it is now were things get exciting:
You can then transfer crypto from exchange wallet to personal wallet.
Sounds too good to be true.︀ That means I can invest in crypto before I pay tax, keep it safe in︁ my own hands using cold wallets, and if someday I need to run away from︂ governments I can exchange it for FIAT through decentralized exchanges. I would probably use Monero.︃ I don´t see the Bitcoin community trying to anonymize bitcoin anytime soon. They are blindly︄ thinking about Lambos, when it´s actually helping the surveillance state (at least for now).
Now the uncomfortable questions:
What if I loose the wallet private keys? Do I get into︅ debt with tax man / bank?
What do you think the tax man is capable︆ of doing if a company is abandoned?. No more tax returns etc. They are recently︇ shifting the burden to banks, but they can do nothing but banning you from banking︈ again with them, right?. Do I just get banned from entering Estonia? How far internationally︉ can they go? Let´s assume it´s not more than USD 1m.
If I have kids︊ would they inherit the debt?
Any similar examples from yourselves/your friends?
