Recent content by Hito

Good day everyone, Do you happen to know if Coinbase, Kraken or Swissquote would open an account for a BVI company? Wanting to invest into crypto on the corporate level.

Do you happen to know if Coinbase, Kraken or Swissquote would open an account for a BVI company?

Thanks for sharing your insights, 369. Appreciate it. What are your thoughts on the current market? Do you see it dropping further?

Hi Uplana, thanks for chipping in. Do you happen to know anything regarding the requirement to create the collection using the corporate wallet? Or will an individual one also work.

Thanks for the valuable input, Soundpeats! Quick follow up questions, would the collection have to be created using a corporate wallet? And as far as the timeframe is concerned, can one already start marketing, growing the community before the company is incorporated? Similarly, can one pay...

What about an owned foreign company which under CFC rules was also technically an Italian tax resident in 2021? Do you happen to know what exit tax rules it would trigger if it moves outside the EU? @Martin Everson

Makes perfect sense. Johnny, do you happen to know how the Italian exit tax might affect the above scenario?

I was thinking along the lines of closing the company as you suggested before. Given that the flat tax doesn’t cover capital gains from funds moved after dissolving a foreign company until the 6th year, this might be an alternative solution to distancing & closing quickly, yet continuing to live...

Excellent clarification, thanks @JohnnyDoe What about giving away the company to someone else, whilst remaining to live in Italy? Would that be a viable solution?

Did you have the chance of already speaking to one? Curious to hear about this!

Thanks for the feedback and the link @Martin Everson By the way guys, in the flat tax description, what is meant by the part in bold:

@marioIT @JohnnyDoe @Martin Everson If I pay the flat tax for 2021 & 2022, dissolve my BVI company and bring funds onshore - I can expect no issues in 2023 without foreign assets, right? What are your thoughts on Italian banks? One risk of depositing in an Italian bank that I see would be in...

Won’t moving cash from company level to personal normally trigger a tax event? Salary and dividends from an active company are taxed, I’d be (pleasantly) surprised if the tax man wouldn’t want a piece of a much larger sum albeit from a dissolved company. Mario, just to clarify, are you saying...

Just got a confirmation from my accountant, if I pay the 100k flat tax now, it will only apply for 2021 - meaning that I’d pay a hefty 100k only to remove the obligation of declaring all foreign assets held in 2021 (RW form). This also means that if keep my Italian tax residence in 2022 and...

@JohnnyDoe Do you know if I might be able to pay the flat tax directly from my company account? Adding on to this, if I’m accepted and pay the tax, will dissolving the company and wiring all cash to private held accounts make it a tax free transaction? Thanks for pointing me in the right...