Offshore jurisdiction with no crypto-regulation and 20% corporate tax

[speedster]

I am looking for a rather unique jurisdiction that meets the following requirements:

• 20% corporate tax rate (my country's CFC rules require anything below this to be taxed locally too).
• No regulation on crypto-exchanges - basically freedom to sell crypto for fiat unhindered.

What would you guys suggest for this?

 

[Martin Everson]

No crypto regulation is never a good thing. However are you looking to setup a‌ crypto exchange or just trade on one?

 

[speedster]

I am looking to sell crypto for fiat, which I guess makes me an exchange‌ technically. I agree a measure of regulation is good, although I'm not wanting to pay‍ unnecessary license fees and have overly onerous KYC requirements with which to comply. My business⁠ is straight-up legit, I don't have anything to hide but I don't want to pay⁤ the 45% tax-rate over here either. Plus, exchange control requirements mean that I have some⁣ sort of foreign entity.

On another note, I realize I could potentially incorporate in Ireland⁢ and, with a friend working for me from there, be exempt from CFC taxes due︀ to there then being a legit FBE there.

 

[JohnSeed]

If this is some serious business you want to move to Switzerland. If this is‌ something just for the quick money, you want to setup a company anywhere, no one‍ will realize what you are doing before it is over.

 

[speedster]

We're looking at between EUR1m and EUR2m turnover per month, not sure which one that⁤ qualifies as

 

[Spinat]

If you have that kind of money I would find a lawyer and tax-advisor in‌ Switzerland and get my business up running there asap.

 

[Martin Everson]

If thats your expected turnover then get proper‍ legal advice. If that is just a pipe dream and your broke then forget the⁠ whole project.

 

[speedster]

We managed to turn €1.5m in the month before there were some regulatory changes.⁠ These changes require me to make use of a foreign entity to remain compliant.

 

[Martin Everson]

....and you can't afford proper legal advice?

 

[speedster]

I have‌ an appointment with a local tax and legal expert next week, but the locals here‍ aren't too clued up on the international technicalities.

I'd be more than willing to pay⁠ if you could point me in the right direction

 

[Sols]

Why not embrace regulation and get a license in Estonia? 20% corporate tax on distributed‌ profits.

It's quite easy to get those licenses.

 

[speedster]

At EUR40000‍ those are pretty stiff licence fees

 

[anticfc]

A robust, long-term solution is⁤ an anti-CFC setup where ownership is split between people of various jurisdictions.

As you are⁣ into crypto, you probably understand how this can be done securely using the blockchain.

 

[speedster]

Any robust system requires a first step. Right now I'm just trying to take the‌ first step