Monaco Relocation
- Thread starter liroyb
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I was talking about running it, not being a passive investor. If you are the UBO but not a director or involved in the actual activity, you don't create PE and shouldn't fall under CFC either - in that case, it would be legal.
The scenario I was mentioning was actually running the offshore company from Cyprus as there are not any enforced PE or CFC rules at the moment.
The scenario I was mentioning was actually running the offshore company from Cyprus as there are not any enforced PE or CFC rules at the moment.
Why did this thread become about Cyprus? Cyprus is a banged up 90s Toyota Corolla, Monaco is a Ferrari.
Before moving to Cyprus to pay 12.5% CIT + that other 2.65% (or whatever) tax, I’d pay 20% CIT in ANY decent country I actually like. Save up, and then move to a proper tax-friendly jurisdiction.
Better off staying in your first world country preserving your friends, family, your culture and way of life, which will in turn make you happy and productive – instead of getting depressed in the dump that is Cyprus.
Putting Monaco and Cyprus in the same sentence is blasphemous and ridiculous…︀ and Monaco isn’t THAT far off (provided you’re not broke).
OP feel free to ask︁ anything about Monaco. I just moved there.
Before moving to Cyprus to pay 12.5% CIT + that other 2.65% (or whatever) tax, I’d pay 20% CIT in ANY decent country I actually like. Save up, and then move to a proper tax-friendly jurisdiction.
Better off staying in your first world country preserving your friends, family, your culture and way of life, which will in turn make you happy and productive – instead of getting depressed in the dump that is Cyprus.
Putting Monaco and Cyprus in the same sentence is blasphemous and ridiculous…︀ and Monaco isn’t THAT far off (provided you’re not broke).
OP feel free to ask︁ anything about Monaco. I just moved there.
thu&¤#
Rent.
Luckily, I got in cheap (according to another forum member experienced in Monaco). But expect 1M min if you're coming without referrals.
About 3 months.
Rent.
Luckily, I got in cheap (according to another forum member experienced in Monaco). But expect 1M min if you're coming without referrals.
About 3 months.
Got a few more questions for you 🙂
Did you started with bank account opening, or with the property rental?
Once you've submitted the required documentation and booked appointment, how long did you had to wait for the interview with the police?
After the police interview, how long did you had to wait for your residence card to be processed?
Did you started with bank account opening, or with the property rental?
Once you've submitted the required documentation and booked appointment, how long did you had to wait for the interview with the police?
After the police interview, how long did you had to wait for your residence card to be processed?
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