You are totally right, personally I would rather go with a risk free solution even while being a small fish, always safer to go by the book.
On the other hand it's still an option and if a rule is born solely because it's︀ forced by the EU, the chance is huge that it will never be enforced, the︁ country it is forced on simply gains nothing of it or even loses something, because︂ of that taking that risk is an attractive option for many.
Perhaps not BVI, I'm︃ not familiar with it but there are plenty of non-transparent entities we can use as︄ holding, making a Cyprus setup kinda bulletproof for now.
On the other hand it's still an option and if a rule is born solely because it's︀ forced by the EU, the chance is huge that it will never be enforced, the︁ country it is forced on simply gains nothing of it or even loses something, because︂ of that taking that risk is an attractive option for many.
Perhaps not BVI, I'm︃ not familiar with it but there are plenty of non-transparent entities we can use as︄ holding, making a Cyprus setup kinda bulletproof for now.