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    Cryptofriendly banks

    Even if you could exchange more in Switzerland, you can't bring big amounts of cash to your country of residence. At least not legal.
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    Short tax residency options

    Because of this you need the non-domiciled status. I can just give the info of 3 different accountants I personally spoke to about this in Cyprus. 2 of them told me that (with the non-domiciled status) you can trade stocks for youself in your own name and you pay only 2.65% tax for GESY up to...
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    Cyprus Limited necessary for professional trading?

    First, thanks for your answers. But why do you think the tax only applies when somebody exchanges cryptocurrency to fiat currency? If somebody trades perpetual futures and does not exchange to fiat currency, he makes a profit too. But you think that this is not taxable?
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    Cyprus Limited necessary for professional trading?

    I understand this sentence that this is the seperation between a professional investor and a passive investor. If one does trading as a business his income is more than 50% from investments, or how do you understand this? And is this rule only for companies? If you trade as an individual with...
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    Finding a Bank for a Cyprus Cryptotrading company

    So you mean they asked for your turnover in the bank account? They asked me for my trade volume on crypto exchanges only. not for the turnover in the bank account.
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    Finding a Bank for a Cyprus Cryptotrading company

    Okay. They asked me also for my trade volume but did not mention this fee to me because I trade minimum 5 million USD/month. I wondered that they did not mention any fee to me when I spoke to them. Seems they generate their money with small clients, because 10000€/year is a rip-off. You can try...
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    Finding a Bank for a Cyprus Cryptotrading company

    I spoke to Bank Frick and they told me they accept crypto trading companies incorporated in Cyprus. Sygnum bank in Switzerland told me the same.
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    Which Reputable Banks Accept BVI LLCs in 2021?

    But if they refuse to give him the tax residence certificate he will be automatically tax resident in Canada for this year. So I assume even if he does not relocate to Canada he will have to pay taxes there for this year. If my assumption is wrong it would be an option for me to live one year...
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    Correct setup for cryptotrader?

    I moved to Cyprus and cancelled all bank accounts in Germany and everything else too. But it is not necessary to get rid of all European bank accounts.
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    Correct setup for cryptotrader?

    In Germany the tax authorities have many possibilities to decide if you are a resident there or not. If you stay there several month/year in a hotel or at a friends flat, even if it's less than 183 days, you can get in trouble because they will say that Germany is your centre of life. Having...
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    Do banks in 0% tax countries ask about source of funds?

    Would you please specify what details and what kind of proof they want to know about the transactions?
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    Correct setup for cryptotrader?

    I am from Germany too and can confirm this. I cut all ties to Germany when I left and never heard of the tax authorities again. They knew that I am in BTC and even tried to put me under pressure before I left by claiming that I did tax evasion. My tax lawyer literally told them it's enough and...
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    Looking for a crypto-exit strategy

    I am from Germany and as far as I know it is true that you can convert your BTC to FIAT tax free after 1 year if you have not traded in this timeframe. To prove this, I would put the coins for 1 year into one address and not move them. For trading Germany is as far as I know awful. You can not...
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    How helpful is consulting one of Big4 accounting firms for tax optimisation strategies?

    I had a consultation with Deloitte. Didn't got any new or better information than I already got from the one man shows.
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    Is individuals tax jurisdiction determined by de facto residence?

    Would be easy to disguise these points. But I wouldn't risk it. I couldn't sleep well anymore.
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    Question Spaniard - Crypto - Exit strategy - 7 figures (Part 2)

    Maybe, but I didn't mean long term holdings. In the end we just don't know. I think if you don't want to use the Dubai setup or something similar, the only way to be sure in Cyprus is to use a Cyprus Limited and pay 12,5% or to request a tax ruling. But even with a tax ruling I don't know if...
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    Question Spaniard - Crypto - Exit strategy - 7 figures (Part 2)

    Do you have any source for this? I got different info from local tax advisors. They said you can't be sure how you will be taxed, so worst case would be up to 35% income tax.
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    Question Spaniard - Crypto - Exit strategy - 7 figures (Part 2)

    So they don't ask for any documents which proof that you really have a running business for years? And are you sure they don't require you to show audits (even if it's not necessary by law in UAE) or at least invoices (from your suppliers and buyers) for the goods you allegedly buy and sell?
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    Greece 2.5% Divi Tax, alternative to Cyprus Non Dom Divi of 2.65%

    No. I don't even know if there are strict rules/numbers available. When I did it my agent provided some bank statements and they accepted it.
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    Greece 2.5% Divi Tax, alternative to Cyprus Non Dom Divi of 2.65%

    You don't need a Cyprus company and employ yourself to get the non-dom status, if you can proof sufficient income/funds.
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