Recent content by mastaplan

Wise words. Better to just make sure everything is done right going forward. At this rate I think it might be better to pay dividends at eoy rather than income now, but we'll figure it out. Cheers.

I see your point :) Depends how much is 'a lot' of crypto! At current prices we're probably not talking more than could reasonably be invoiced out if I continue to work for the company. Although it might be pushing it, and in six months the value could be a lot higher. On the other hand, taking...

That's the dilemma. I am thinking I can transfer it out of my UK company into a foreign company. Some say this is absolutely possible and assure me that most people do it ;). Others say you would need to perform services to the UK company, which I could do. I am waiting on a consultant to come...

That's good to know. I also only trade with about 20% of my holdings so it would be a bit harsh for them to argue income tax and base it on the cost basis of my whole portfolio which I mostly bought at much lower prices. I've stopped trading with my personal pot as I maxed out the CGT allowance...

Thanks for this. I'm mostly confident that personal crypto trading would be OK in Georgia. I'm now trying to figure out the best company setup since I will also have crypto stored in a company and might also buy property through a company. If the rules begin to change I can always go somewhere...

@Bagpacker Thanks for sharing this and your thoughts in this thread, really helpful. In my case I would be trading mostly crypto. I have crypto both personally and in companies. Not HFT, just 1-3 trades per week, sometimes with leverage. From all the above, it sounds like trading a personal...

I'd like to ask a clarification about CFC vs PE rules. You mention CFC covers undistributed assets and Georgia has no CFC rules. But that due to PE you cannot run a foreign company from inside Georgia and be free of Georgian tax. I've heard somewhere that corporation tax only applies to...

I have a question about the requirements for Remote Working Visa for owners of UK companies: Does the $5000 have to be via an employment contract or is it invoiced to the UK company? In other words, does the UK company have to pay tax on its revenues before it pays you as a UAE resident? Or...

@khinkali OK, thanks for clarifying. I'll also keep researching this about Georgia. I would not be doing much 'operating' of a foreign company whilst there if trading as a natural person. But I would not want to risk having to pay corporation tax on revenues that the company receives whilst I am...

Hi skidrowking, I don't do HFT, I do pretty infrequent trading. Trading fees are generally higher in crypto markets so HFT could chew up any edge you have. Trading bigger moves less frequently is probably a better approach. If you have a strategy that can be coded though then automation is still...

I was thinking of moving to Georgia and trading through a company so I am glad to have seen this thread. I had understood that trading a personal account was untaxable though. What is the concern around trading personal accounts? Is the concern mainly for people doing HFT or shows 'badges of...