Recent content by OffshoreDude

What I really don't get why they would not limit the increase only to big multinational corporations with an annual turnover of 750 mio, as that would satisfy that socialist OECD agenda of a "global minimum tax" of 15% for such companies, but at the same time would still keep the low taxation...

As I just noticed in a recent article, published in the "Cyprus Mail", the Finance Minister of Cyprus, Mr. Makis Keravnos, also isn't capable of doing simple math, as the mentioned piece writes: "Keravnos described the proposed increase from 12.5 per cent to 15 per cent as “marginal and small”...

Do you recommend this for things like registering for VAT, also? As I would be reluctant to pay some tax professional 500,- Euros or so, just to do something easy like that, what I could do myself online on some government website in 10 minutes ..

What I actually wanted to write was "strongly advise against ..", of course.

Yes, and their fees would most likely also depend on the amount of transactions the business has created in its bank account. What is a price range for an audit in your experience, @daniels27?

I'm not sure if it is turnover or profits, so please verify that yourself, you should find information when you google for "Cyprus Audit relief small companies 200.000" or so. I'm not even in Cyprus yet (but I do plan to go there within the next 2-3 years). I strongly advise to use ChatGPT...

And what is the situation, if a founder of his own Cyprus company employs himself as the only employee, but has no office space rented, because he solely works from his apartment, so technically that is not "working remotely", but in his company's "office", which is a room or work corner with a...

Yes, you could use nominees, but if I understood correctly from information in other threads that could / would getting and keeping bank accounts harder.

Are you aware that your Cyprus LTD is exempt from submitting full audits, if your annual turnover is below 200.000 Euros? If so, you don't need an audit; an annual review by an accountant would be enough, and that is much cheaper than a full audit! I have the impression that troughout your...

We are talking about the consequences of § 2 Abs. 1 S. 2 AStG, and from that perspective only the German rules on PE establishment is of relevance. Please watch the video I recommended, there the tax lawyer explains why there is reason to assume this will be enforced more strictly in the...

Yes, but that would require to have and maintain costly substance in Estonia, because otherwise it is not accepted as a real PE (but as a fake "Briefkastenfirma"), and therefore would trigger § 2 Abs. 1 S. 2 AStG again. The definition of what establishes a (real) PE can be found in § 12 AO of...

If you "on paper" run your business from some fake or real place in some country and give that address as your place of business for your bank account (purpose), the bank would report your account to that country (CRS!), and sooner or later their tax man would knocking at your door. And when...

Sure, exiting Germany's tax system correctly (= giving up the permanent apartment there), and then setting up a PE somewhere else would trigger that § 2 Abs. 1 S. 2 AStG would not be applicable anymore = no taxes owed to Germany. But setting up a PE in another country would trigger taxes to be...

While I really like Christoph (who operates that website), I am sure he is totally wrong on this, and is downplaying that regulation in order to keep selling his "Just create and maintain an US LLC, then just travel the world, so be no tax resident anywhere, and therefore pay 0% taxes"-setup...

Or at least increase the threshold significantly, 500K would be ok in my opinion.