Recent content by xipoid

Which ones come to mind?

I was under the impression that Crypto gains are taxed at 0% anyway in Cyprus?

Curious what ppl think may be the impact of the ending of the golden passport scheme following the Al-Jazeera investigation. Depending on which report you read, it's either an infinitesimal fraction of GDP, or has endless ramifications (construction, lawyer's fees -- Cyprus is one of the five...

Just be aware that if you only have a UK passport and you want to move to one of these countries you won't have an automatic right to work, or there may be restrictions on doing so, even via your own LTD. If you're thinking about it seriously better to move before the end of the year and...

Agreed, and I understand that all the reasons for which a Cyprus bank account might have been useful -- coordination with certain merchants like Stripe and FDA, VAT refunds, etc. -- are no longer true. But happy to be corrected if I'm wrong.

Understood, but why do you want a Cyprus-based bank account if it's optional? Their banking history is not so illustrious.

You're not obliged to have a Cyprus bank account with a Cyprus company.

Case in point, Cyprus now has an 8 billion euro hole in its budget thanks to having to suspend its passport for sale program. The leaks are all coming from Al Jazeera, so there's speculation that this is an even easier way for Turkey to inconvenience its neighbour than drilling for oil off its...

I'd say that's on the high end for the UK -- you can find accountants that will allow you to run everything through FreeAgent (they have guest access so they can ensure everything is being done correctly) for just over half that. It's a competitive market which has a favourable effect on pricing.

A problem in what sense? Countries outside Schengen have independent border controls. I imagine Cyprus' are quite sophisticated, given its geopolitical situation and the various threats it faces.

What kind of thresholds are you suggesting? As far as CFC goes, I understand it's quite a lot of effort to represent to the tax office that your business is headquartered elsewhere. They will demand a lot of proof. And any dividends you take are still taxed at 26% anyway. The alternative is to...

Please rant away, I'd be interested. The only reason I'm considering this mad idea is because of Brexit and the deadline of the end of the year to move to an EU country and keep most EU rights (in that one single country). After that, the process for getting a visa in Italy seems pretty arduous.

Some other things to consider based on research: 0.5% "wealth tax" on any accounts or investments outside Italy (this can be reduced to a flat tax if you move them to SEPA). 26% flat dividend/CGT tax. Pricing for accountancy and company structures seems a bit hard to pin down. There are...

Which threads in particular? Is this just from the point of view of crypto?

The realities of moving to Sark will have been impacted by Brexit. EU citizens can still move under the Withdrawal Agreement, but there are certain obligations around residency (no more than six months' absence per year, for example) which have been agreed upon. Visiting or settling in Guernsey...