Estonian Company - Bitcoin as part of the initial capital?

[mikestachurski]

Hi All, I got 3 questions:

(1) Can I put my crypto (Bitcoin) as initial capital when I will be forming company in Estonia?
(2) If I want to withdraw these Bitcoin at the later stage from the company - what taxes I should expect to pay?
(3) What if the value of these Bitcoin will increase while they are on the 'books' of the Estonian company - will I have to pay taxes on this capital appreciation? If yes when?

Thank you all for the answers in advance.

M.

 

[Don]

Yes its possible, but not a totally painless procedure 🙂
If you check my message history‌ I have answered that question somewhere here.
You pay tax when you withdraw profits from‍ your Estonian company. It's possible to withdraw tax-free dividends in the amount of paid-in share⁠ capital, but it has to be properly declared.

 

[mikestachurski]

Thanks but the whole⁣ thing is that I don't want (1) pay wealth tax on my BTC that is⁢ why I want to put it into the company (2) don't want to be in︀ FIAT - only small % and for that reason I don't want to sell my︁ BTC but rather put the BTC into company as initial capital

 

[mikestachurski]

Thankns
I will search for your posts using the search function - any indication what I should⁤ search for?

 

[mikestachurski]

Yes that is correct and putting fiat €2.5k or more into Estonian company is not⁠ an issue. I am asking this question about BTC mainly as I want avoid paying⁤ wealth tax - if BTC is on my name I will have to pay wealth⁣ tax

 

[Don]

check this thread as well:
https://www.offshorecorptalk.com/threads/incorporate-cryptos-to-a-company.32917/#post-167416