Recent content by cypriot

I can tell you about the property which is suitable for almost every scenario. If you buy property somewhere in another country you are liable, no matter who is buying the property (company or person) for property taxes and also if the property generates income you have to declare it to the...

Lombard loan from CH, paid tax in GR.

From my experience you end up paying something in the range of 1,1-1,4% These are the rates in 2022 for one year Lombard loan. For two years it can go up to 2,6%

Is lombard loan coming from a third country? If yes, in my case, i had to pay tax on bringing the amount of loan to the country to buy the property. It was not nice but still the almost 1% lombard rate was still better after taxes compared to the 4-5% mortgage.

Georgia and Armenia are a big yes. Tried them both and have very good bank systems. Switzerland is always a great choice but you must have lots of money to support it.

Yes they are not cheap but cannot find many alternatives. If you come up with something let us all know.

Banque Cramer in Switzerland is a good option for this type of amounts but you have to visit the country.

If you have a visa for israel then you can open an account in Israel with the visa.

I tried Wise and they dont open accounts for Cyprus companies. I'm now trying Genome to see if they can open for me.

Have heard the same from some Russian friends i have. Unfortunately BoC fount an opportunity to make some extra cash. Thats bad!

Thank you!!!

Hi there guys and gals, My first post on the forum. I'm based in Cyprus, have been a very early adopter of crypto back in 2013 and now I'm an active investor and I'm also offering virtual offices service to those who want to establish companies in Cyprus. Very happy to discuss here about your...