Recent content by Gediminas

Your fact is false.

if anyone needs help with management of their UAE entity - feel free to DM me. We are registered agents in many emirates and we can provide professional legal assistance.

business as usual, all good.

Hey, In short – no, legally it should not work. But in practice, it might be possible to maneuver. Cyprus applies the Permanent Establishment (PE) rule which says that if you reside in Cyprus and manage an offshore company from Cyprus it should pay local corporate income tax. On the other...

It depends on the legal structure and income size. For example, in Lithuania, you can effectively pay approx. 12 – 13% tax on crypto gains and other income (up to individual level), Cyprus 1-2% (using special legal arrangements), Malta – close to zero, Portugal – close to zero.

Hi, First of all, gambling is subject to licensing. There are many different structuring options for gambling businesses, but I would separate them into (i) fully licensed businesses and (ii) non-licensed businesses that operate on various legal opinions that say that a license is not required...

Hey, Either your provider is crazy expensive, or they see the business case differently. The common business case is when a foreign (in most cases Curacao) company has a gambling license, and this foreign company owns a Cypriot subsidiary. Cypriot company is acting as a payment agent for a...

Hey, Malta will never challenge your company‘s substance, so your question is addressed to the country that might be interested in the taxation of capital gains if they suspect that a Maltese company lacks substance. Different countries have different practices, but the main principles are the...

If Cypriot resident is trading crypto as an individual capital gains might be taxed significantly with progressive tax rates. So having Cypriot residency means that you can set up a company outside Cyprus, preferably in a zero-tax country, and start a business on behalf of that company...

The selection of jurisdiction mainly depends on your tax residency country. Some jurisdictions might not be “compatible” with your personal tax residency country. Questions about the source of the funds will come from EMI / banks and not from the country where you incorporate the entity.

Hey, Sure, you can set up a company that will own a domain/trademark or other assets and will not receive any income in the beginning. However, proper setup depends on your goals. If you wish to do so, for privacy reasons you should look for jurisdictions that do not have a UBO register, also...

Hey, Either your provider is crazy expensive, or they see business case differently. The common business case is when a foreign (in most cases Curacao) company has a gambling license, and this foreign company owns a Cypriot subsidiary. Cypriot company is acting as a payment agent for gambling...

Hey, Lichtenstein or the Netherlands are probably the most popular countries to set up the foundation in EEA. Dutch foundation (Stichting) is a legal entity and can own assets worldwide. Foundation does not need to submit FS, it does not pay corporate income tax, however, if it starts...

I could help to get the account opened at Bankera or Verifo, for example.

Hey, It depends very much on your personal tax residency. Since you are looking to set up a company in “non-back listed” but still zero tax jurisdiction you can take a look at an HK entity, Dutch CV, UK LLP, or US LLC (disregarded from a tax perspective). On the other hand, if you reside in...