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Offshore Crypto Setup

drabol

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Feb 10, 2021
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Hello,

Just starting out and I'm really unsure what to do.

My current scenario: UK resident and I keep all my money in crypto. All my money comes from withdrawing bitcoins in Eastern Europe as they have Bitcoin machines that are fully anonymous. I want to reinvest around 20-40k a year in the UK for stocks.

So what would be the best way to run crypto through a company and then later pay myself. Would there be any issues with the offshore company or the UK HMRC if I only sell bitcoins and wire them to myself as a means of "salary" or a "contract".

Would really appreciate if you guys could point me in the right direction, as I'm really confused what to do
 
Hey,

You want to have an account in crypto friendly financial institution. Retail banks usually tell no-go to crypto activities.

As long as you have proof of the source of your crypto holdings, you will be fine. Just find the right EMI.

In case you want to run it through the company, what would be your goal?