Recent content by algotrader

I didn't see any clear legislation or directive for the taxation of crypto trading profits in CY. However, there was an amendment from 2015 which clarifies the treatment of forex gains as following: This amendment doesn't mention any conversion from one currency to EUR but "realisation" of FX...

Not sure where you read that. The article says the following: It says that in order to opt out of corp tax you have to do either business with other FZ person or have "qualifying revenue" from non-FZ person (which means both inside or outside UAE) and that is not excluded activity (like...

That would be an absolute no-go for me. The new tax rules are in fact a hidden liability because nobody understands exactly whether and how they apply to their business. These rules can theoretically be changed retroactively by ministerial decree together with the rate. So, everyone closing a...

Seems that you can opt to be treated like a mainland company and then apply for SBR but that choice is irreversible: https://www.middleeastbriefing.com/news/uae-corporate-tax-changes-can-a-free-trade-zone-company-change-status-to-obtain-small-business-tax-relief/

Yes, the list it is very limited. And it doesn't look like trading of financial assets such as crypto/commodities/forex falls into that category (only "holding" of securities). I expect that most FZ companies will have to pay corporate tax and they won't get the small business relief that...

IMO, real estate investments make only sense if you use it for yourself instead of paying rent or buy/develop it via company using mortgages like Donald Trump. If your investment is successful you privatize the profit, if it fails you socialize the losses to the bank (and the bank socializes it...

One solution is to trade crypto only with standard brokerage firms that offer ETNs or CFDs on Crypto with your company. You don't need to mention that you only trade cryptos, can just be "securities trading" or "investments". You can also trade a very limited number of crypto currencies on...

Right now, the opposite is happening. Wealthy individuals from Russia and China are moving their assets out of their home countries and getting second passports because they know that authorities there can seize them anytime. Putin just introduced an new exit tax. And China always had capital...

That depends not only on the revenue but whether your company is considered a "qualified freezone person" or not. It applies to mainland companies for sure but you need to apply for SBR. https://cms-lawnow.com/en/ealerts/2023/04/uae-corporate-tax-small-business-relief-criteria

You can choose any of these from EU but they come with different offerings/products and different fees: .ch is regulated in Switzerland and you can choose between Trading account (for shares/ETFs/Futures/Options/Crypto) and Forex account (Forex and CFDs on large cap shares/commodities/indices)...

The economist is a mouthpiece for the WEF. It gives some clues as to what they are planning next: And all those suggested tax rises will mainly hit the middle class which invest their wealth in real estate but not the super-rich or multinationals. Brilliant!

You might try with a different branch (in Europe Ireland, UK, Luxembourg, Hungary) or with a white label partner: https://www.offshorecorptalk.com/threads/try-to-create-list-of-white-label-saxobank-and-interactive-brokers.34801/ Also, watch youtube videos that explain you how to fill out the KYC...

Yes, trading profits from securities are exempt from cap gains tax (but not for social security). Discussed here: https://www.offshorecorptalk.com/threads/tax-free-day-trading-with-a-cyprus-company-how-does-that-work.38005/ However, I remember an old post here on the forum where one trader...

Taxation of crypto trading in Cyprus is a controversial topic. Most accountants/lawyers think profits from active trading are taxable (at a marginal rate of 35% for individuals or 12.5% for Cyprus corporations): https://www.mondaq.com/cyprus/fin-tech/1298272...

Do you have a residence with utility bill in your name in Cyprus? If not, it might be difficult. The price seems low but be carful! Two years ago, I formed a LTD company for trading with a large CSP in Cyprus specialized on German clients that had very good ratings by customers and "TÜV...