Proper crypto-trading structuring for Russian resident

[serzh]

And what about banking? How do Maltese banks deal with crypto exchanges?

 

[CyprusLawyer101]

Hi there,

As a reply to your question:

Move to Cyprus as a non dom;
Set up a Cyprus company and open an account⁣ with the same crypto exchange you trade from;
Make a capital injection of your cryptos⁢ into the Cyprus company and keep operating the Cyprus company and enjoying the income;

Hope this helps.

Good luck!
Lawyer101

 

[manwithtoupe]

Can a capital injection‍ be done directly in crypto or must it be done in fiat, and then converted⁠ to crypto?

 

[CyprusLaw]

It can be structured‍ either way. Your tax advisor will assist you in setting up the correct structure.

 

[CyprusLawyer101]

Both options are possible.‍ The cryptos can either qualify as assets or money and both will work.
The injection⁠ itself also povides for additional tax benefits.

Hope this helps