Recent content by maybelater33

If you set up a Seychelles office for a Seychelles IBC, wouldn't your income be considered locally sourced and as such subject to corporate tax? Since you are operating from within Seychelles?

It's good to know that exchanges don't care and that local banks can be satisfied, but what about the local regulators? I am quoting from here: How to set up a crypto-commodities trading company in the UAE According to them, you must be licensed to engage in crypto trading on a corporate level...

Or do you need to rent a physical office to get a copy of an agreement? This would be useful for KYC purposes.

So for the small fish who don't have 7 figure balances yet, trading crypto through a company in the UAE is not advised? Only private crypto trading is possible for those? If a Seychelles IBC or Delaware LLC that engages in crypto trading sets up a PE in UAE, will it need a license?

Would an UAE company doing high frequency crypto trading not need a crypto-commodities license with the DMCC and as such be required to file annual accunts?

Is Euro Pacific Bank still a bad choice if you just need a bank statement for KYC purposes? Are there other and easier options for an offshore company?

What about licensing requirements for corporate crypto trading? Doesn't crypto trading require a crypto-commodities license with the DMCC when company is based in the UAE?

Could you share the name with us please?

If you ran a Seychelles or Belize company offshore company, where would you set up an office? Reason I'm asking: Many banks and service providers now require a physical place of operations and a utility bill such as lease agreement. This can be easily achieved by renting a desk in a coworking...

Thank you How does Cyprus treat mining rewards? Are they also only taxed once converted to fiat?

Does Georgia also exempt personal taxation on crypto assets when thousands of sales are done per day? E.g. as part of algorithmic trading? I could not find this mentioned in Public Decision 201.

I understand that conversions between cryptocurrencies is not a taxable event in Cyprus. The only taxable event is when you convert crypto to fiat. Do crypto-to-crypto transactions need to be included in your bookkeeping? Or do you only need to include transactions between crypto and fiat?

What's the best way to transfer crypto from a Seychelles IBC to a newly incorporated Cyprus company?