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- Thread starter MamaMia
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Switzerland is where most are placing such business in Europe.
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Bahamas / Panama
And move to or to another location whilst operating via those locations
You can use a double tier structure and have an LLC as your operational part saving on all the accounting hassle
When I wrote LLC I mean to write US LLC. Yes it can work with a Cyprus Co and a US LLC but this structure would have the US LLC income flowing to the CY entity and being subject to tax in CY entity.
Depends on whether you would have been engaged in a trade or business in the US. If your work is unrelated to the US you should generally expect not to have to pay any taxes in the US.
I'm really fond of the way one asks very broadly without actually providing all the information and criteria one has, and then, when a response is received, one asks follow-up questions to that response, which include a new requirement that wasn't previously disclosed, while also adding further information.
OP take a consultancy hour with @CyprusLawyer101 he knows very well.
OP take a consultancy hour with @CyprusLawyer101 he knows very well.
I'm in Zug! You want to be in Crypto Valley, Zug!
Visit Zug, walk around, visit Crypto Valley, and make up your own mind. 😉
This is 7 years ago:
This is last year:
This is 6 months ago and Swiss legal experts are discussing Switzerland for crypto (take that with a grain of salt, but still interesting):
You can even pay your taxes in crypto (it depends on the crypto, of course). I mentioned that here: Do you buy cryptocurrency when it's at a high, like now?
In such case you can operate as a branch office of a foreign company in Switzerland to avoid withholding tax. It's not too bad, with a total tax of 11-12%.
You would need to set up the company in a location with no WHT.
Maybe we should take a coffee at Starbucks in Zug some day 😉
Would that be cheaper in Estonia or places you operate, just to get some different options on the table?
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Estonia, Cyprus, Malta would all work well for such setup.
For a small company Estonia is the cheapest and least bureaucratic, since e.g., there is no audit.
Other questions would be:
1) where you will be tax resident
2) where do you spend most time
In Cyprus you would pay extra social tax on dividends.
Last edited: Apr 10, 2024