Recent content by tsu458

At wich sum does it become a problem if there is no wire to exchange or invoice document? If you got paid for freelance work for example, mid 4 figures. Happened to me in the early days, portfolio grew with these funds and additional EUR to exchange wires. To this day I'm scared if I ever run...

How long until you run into problems in Portugal when there is no substance in Cyprus? Simply moving to Cyprus fixes a lot of problems. thu&¤#

The whole "move to portugal to live tax free" thing has gone viral in the crypto space in recent weeks. But the benefits have been overestimated and some new service providers or resellers for NHR applications are guilty of that. Some seem to even recommend to use a foreign entity to claim tax...

There is no legal way to not pay the VAT for EU customers. Consider moving within the EU to reduce the corporate tax and tax on dividends. There is no other choice left. If you sell to EU customers, you pay VAT. A FZE has the same obligation.

Cyprus. 12.5% tax corporate level, 0% tax on dividends (guaranteed for 17 years). So the effective tax rate is still 12.5% but you pay some social contributions and so on. I think the whole setup setup would be around 7k euro, including the residence stuff. Yearly cost about 3k. Cyprus is ok...

You mention Fidor, so I assume you are considering moving from Germany to Cyprus - great choice. Here is the problem, you current gains might be tax-free already in germany, if held for more than a year without staking and so on (if not, it should be 25% flat tax). Now, if you move to cyprus...

Step 3 - CY bank might ask for source of funds documents, saying it's savings might not be enough Tax implications - up to 35% income tax on the cash out Althought you could think the cash out is realizing capital gains (there is no tax on capital gains in cyprus), lack of crypto regulation is...

You mention the VAT rates of the jurisdictions, but keep in mind, the buyer countrys VAT rate applies. So 19% VAT for a purchase from Germany, 25% VAT for a purchase from Hungary for example. I think you don't need a EU company - local director, social contributions, overall compliance and the...

Crazy to think about it. Reminds me of communist east-germany you could not leave. But the minds of a lot of current politicans have been shaped there. So I'm not surprised. :confused:

You could move to cyprus and do the algo trading within a LTD with 12.5% tax. Althought crypto regulation isn't a thing here (trading private would be up to 35% income tax), once your LTD got banking, it's a very good setup. Regarding exit-tax please check this article - from my understanding...

Exactly, avoid cyprus with unrealized crypto gains. You will pay up to 35% income tax on realization (because CGT does not apply and crypto is not exempt like stocks etc).

If you live in a tax-friendly jurisdiction, you could simply keep profits in companys (maybe a US LLC for personal expenses) I guess. Also, rich germans residing in neighbour countries but with substance in germany will have a foundation or a GmbH + holding GmbH ("vermögensverwaltende GmbH") in...

I'm in the same position. I think the only 2 options are moving with the unrealized gains or paying the full income tax. I wouldn't trust the government that the income tax would be refunded in case they rule cryptos are excempt like securities. Every cyprus accountant is vague and comes with...

Always the same cyprus advice - what is the reason to pay up to 35% income tax on capital gains in cyprus (because regulation is unclear) while in the UK he would pay 10-20%? More tax, more risk! ns2

You need to check if you got a "nexus" in the US - storing inventory there or dropshippig from a US warehouse could trigger it. Also there seems to be a eceonomic nexus, compareable with VAT thresholds. https://blog.taxjar.com/sales-tax-nexus-definition https://blog.taxjar.com/economic-nexus-laws