Protection of funds?

void

Entrepreneur
Any ideas or thoughts about protection of funds on bank accounts against taxation of balances (alike Cyprus 2013)?
Personal vs. company accounts?
 

Sols

Entrepreneur
Since deposit insurances usually apply per person per bank (person usually also meaning legal person, although with limitations on group entities in some cases), you could split your wealth across multiple banks and - if you run out of banks - multiple jurisdictions. That becomes very impractical for large wealth and expensive if you're paying every bank a monthly fee.

Investments carry a risk but are not considered balances.
 
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