Cyprus Bank for less Crypto Taxes

[JohnAchilles]

Hi all,

I have recently moved to Greece (I have a greek + canadian passport).

I am an employee of an american crypto currency company (I am paid in USDT/USDC) and own various crypto holdings myself.

I am looking to cashout my crypto in order to purchase property in Greece, and setup a business in Cyprus to receive my paycheck at a favorable tax rate.

I seek guidance in setting up the bank account, the best practices and a referral to someone to get the process done.

I can take the flight to Cyprus anytime.

Thank you.

 

[CyprusLaw]

JohnAchilles said:
Hi all,

I have recently moved to Greece (I have a greek + canadian passport).

I am an employee of an american crypto currency company (I am paid in USDT/USDC) and own various crypto holdings myself.

I am looking to cashout my crypto in order to purchase property in Greece, and setup a business in Cyprus to receive my paycheck at a favorable tax rate.

I seek guidance in setting up the bank account, the best practices and a referral to someone to get the process done.

I can take the flight to Cyprus anytime.

Thank you.
Click to expand...

Hi John, I assume you need full services, including incorporation of the company, nominee services and bank account opening correct?

 

[JohnAchilles]

CyprusLaw said:
Hi John, I assume you need full services, including incorporation of the company, nominee services and bank account opening correct?
Click to expand...

Hi CyprusLaw,

Yes that's quite the case! 🙂

 

[CyprusLaw]

JohnAchilles said:
Hi CyprusLaw,

Yes that's quite the case! 🙂
Click to expand...

Will you be relocating to Cyprus or will you be living in Greece?

 

[JohnAchilles]

CyprusLaw said:
Will you be relocating to Cyprus or will you be living in Greece?
Click to expand...

Living in Greece is my goal

 

[CyprusLaw]

JohnAchilles said:
Living in Greece is my goal
Click to expand...

The main issue with this it would be that as a non dom your dividend payments would be sdc exempt but as you would be living in Greece you would potentially have to declare this as income there. If you want I can send you a PM

 

[JohnAchilles]

CyprusLaw said:
The main issue with this it would be that as a non dom your dividend payments would be sdc exempt but as you would be living in Greece you would potentially have to declare this as income there. If you want I can send you a PM
Click to expand...

Yea that sounds good, would love to chat more!

 

[kono]

JohnAchilles said:
Hi all,

I have recently moved to Greece (I have a greek + canadian passport).

I am an employee of an american crypto currency company (I am paid in USDT/USDC) and own various crypto holdings myself.

I am looking to cashout my crypto in order to purchase property in Greece, and setup a business in Cyprus to receive my paycheck at a favorable tax rate.

I seek guidance in setting up the bank account, the best practices and a referral to someone to get the process done.

I can take the flight to Cyprus anytime.

Thank you.
Click to expand...

If you know the way how to buy property/car in Greece by cash please let me know)

 

[ambassadorcy]

JohnAchilles said:
Hi all,

I have recently moved to Greece (I have a greek + canadian passport).

I am an employee of an american crypto currency company (I am paid in USDT/USDC) and own various crypto holdings myself.

I am looking to cashout my crypto in order to purchase property in Greece, and setup a business in Cyprus to receive my paycheck at a favorable tax rate.

I seek guidance in setting up the bank account, the best practices and a referral to someone to get the process done.

I can take the flight to Cyprus anytime.

Thank you.
Click to expand...

Hi,

If you will be living in cyprus no need to deal with banks and taxes for crypto. Only thing you should do is to cross border to northern side of the island and exchange your crypto holdings.

 

[CyprusLaw]

ambassadorcy said:
Hi,

If you will be living in cyprus no need to deal with banks and taxes for crypto. Only thing you should do is to cross border to northern side of the island and exchange your crypto holdings.
Click to expand...

You can do business in the Republic of Cyprus using crypto, rather than running like a criminal to the occupied side.