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Recent content by CyprusLaw

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    Cyprus taxes, is this true?

    Your information is wrong. Social contribution applies only on personal income, not on dividends. Dividends (for a domiciled individual) has an obligation of 2.65% GESY plus 17% SDC. If you you have non dom status then dividend distribution is SDC free for 17 years.
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    Cyprus non-dom tax resident tax for long term crypto holding sales?

    This can be through a loan or a capital contribution. You could go for an EMI instead, like ZEN for example. Cost will be significantly lower.
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    Malta vs Cyprus

    Noted - yes the yellow slip is quite straightforward to get.
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    Malta vs Cyprus

    In order to get the TRC you need to provided evidence that you've spent 183 days in Cyprus (if you are going with the 183 days route), these includes bank statements, showing movement, a signed sheet documenting each day of the year, flight tickets etc. So it's easy as long as you actually spent...
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    Accounting in Cyprus for my online gambling site

    Still on the high end, do you mind sharing who the provider is and also exactly what is included in their fees?
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    Accounting in Cyprus for my online gambling site

    Online gambling is illegal in Cyprus so I would assume that the operations are run in an offshore jurisdiction and the Cyprus company only acts as holding/payment agent so Euro 4,500 is a bit on the high side, depending also on what it includes etc.
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    Us Llc non resident

    We addressed this issue in the passed - the US LLC would be considered a transparent entity and therefore if you are the shareholder then the tax dept would see it as income and not as dividends. Therefore it is advisable that you have the Cyprus entity as the shareholder and then receive it as...
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    Single family Fund with CY personal residency

    This structure would not be deemed to be a fund, but a regular company. You are not pooling funds from investors, you are simply investing your money through an SPV.
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    Nominee director asks for my bank access

    Please note that in most jurisdiction the provision of nominee services is regulated, for example in Cyprus we have the Administrative Service Providers Law, and you do have an obligation for transaction monitoring.
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    UAE vs Cyprus for crypto trading company

    If the software was built by you and can be deemed as a qualifying asset then potentially with the correct structure this may be done.
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    UAE vs Cyprus for crypto trading company

    Hi, Just to clarify about Cyprus, 12.5% is the corporate tax, it has nothing to do with dividends. As a non dom you pay 2.65% for the GHS on dividends but this is in addition to the corporate tax which is imposed on the net profit of the company. Therefore your total effective tax rate is...
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    This guy claims you can get a crypto license in Dubai (for about $15K) and bank easily that way?

    As I have mentioned above you need to obtain advice from a lawyer and an auditor in order to structure it properly to be able to have such company's profits fall under the IP box regime.
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    This guy claims you can get a crypto license in Dubai (for about $15K) and bank easily that way?

    As long as you are trading own funds then this is not regulated. We can discuss the prospect of structuring it under the IP Box regime, I will send you a PM. In very simple terms, under the IP Box regime in Cyprus, any profit from royalties from a qualifying IP asset can have a benefit of tax...
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    This guy claims you can get a crypto license in Dubai (for about $15K) and bank easily that way?

    This is indeed an option in Cyprus. Having your own software and with the proper structuring could reduce the effective tax rate significantly. It does however require a significant investment and also a tax ruling from the authorities to make the structure as bulletproof as possible. Happy to...