Recent content by CyprusLawyer101

These are valid concerns. The current case that I am working on has a different owner of the employer company than the employee. However it does not appear that the legislation forbids any established businessman abroad from entering the country and recieving salaries from and for his business...

This what i am structuring for a client as we speak: Singapore company; CY non dom, salary 100% exempt under 90 days rule; Employmemt contract structuring necessary in Singapore; Expect to file a tax rulling request in Cyprus;

The Visa I am mentioning would not apply in your case.

There is one particular visa called "visitor's visa" , it runs for one year. It can be obtained before entering the country,but also if you enter with a tourist visa ( 90 days) you can transforn it to the visitors visa mentioned. I have assumed that you are a third country ( non EU ) national.

I can take care of this

We are talking about a specific transaction. Conversion of crypto. And to clarify this does not apply necessarily to Cyprus.

Well yes, on certain basic conditions

As described, Under the "batches of trade" this should most probably qualify under "of capital nature" and remain free of taxation. In any way I can assist you to structure securely for 0% tax result. Kindly let me know if interested and I can dm you.

It does enhance substance of the company. There are cheap solutions; not nesessarily to go to CYTA etc.

If it wouldn't be it might raise other risks pertaining to a licensing requirement for handling third party funds

The 60 day rule in Cyprus is available, but you may or may not qualify as there are additional requirments and in particular the requirement that you are not considered as tax resident anywhere else or residing in another jurisdiction for more than 183 days. So its not a straighforward process...

A Cyprus company acts well as a "paying agent" . You should only maintain a small marging to be paid under 12.5% corporate tax which should be negligible and in line with transfer pricing principles.

There is only a centralized authority ( Registrar) for MI companies , so you should not find any local registered agents there, as you would with other offshore jurisdictions. If you wish to incorporate you should look for an approved intermediary who could be anywhere in the world. Our office...

Not forever.

Marshall islands