Hi there,
I am in search for answers - this whole offshore thing is really confusing if you are not a very tax savvy person. And I hope there are some good hearted person, who is willing to help me.
The journey began that a friend and me started a website. It was well accepted and we got huge traffic.
We began to accept crypto payments from affiliate partners (which often dont have a company as well).
Now, we have quite some money sitting on the blockchain and are scared to let it hit the bank account.
The situation:
One of us is German, full-time employed. If he builds a business the taxation will hit in hard, and several other unfavorable consequences will apply, which will make this business not really teasing to keep.
The other guy is in the US and actually a full-time trader, who also works with our income on exchanges.
Question is now: Would it be an option for us to build a company offshore? How can safe this be without getting the tax hammer at one time? I heard Belize and Marshall islands have a great privacy.
Would we get a debit card from a bank over there to spend the funds we withdraw to this account?
Any insights will be helpful to give this route a head start.
Thank you in advance.
I am in search for answers - this whole offshore thing is really confusing if you are not a very tax savvy person. And I hope there are some good hearted person, who is willing to help me.
The journey began that a friend and me started a website. It was well accepted and we got huge traffic.
We began to accept crypto payments from affiliate partners (which often dont have a company as well).
Now, we have quite some money sitting on the blockchain and are scared to let it hit the bank account.
The situation:
One of us is German, full-time employed. If he builds a business the taxation will hit in hard, and several other unfavorable consequences will apply, which will make this business not really teasing to keep.
The other guy is in the US and actually a full-time trader, who also works with our income on exchanges.
Question is now: Would it be an option for us to build a company offshore? How can safe this be without getting the tax hammer at one time? I heard Belize and Marshall islands have a great privacy.
Would we get a debit card from a bank over there to spend the funds we withdraw to this account?
Any insights will be helpful to give this route a head start.
Thank you in advance.
