Mentor Group
Turner Little - Company Formation Agents & Banking Intermediaries.Chat to a member of our sales team.
RBFC - Royal Business Finance Corp.
Offshore Company Formation and Management Services
IBAN Accounts for everyone with a passport!

Tax on Dividends to another EU company from CY company

jobe92

New member
Hi,

I have a company registered in Cyprus. I would like to move the money to another new EU company. My idea was to set the other EU company as owner of the Cyprus company then transfer the dividends.
Is that possible, and would tax have to be paid on the dividends in the new company? There has already been paid tax on the profits in the Cyprus company.

I would eventually like to put most of the money into cryptocurrency investments in the new company. So could the entire transfer of funds to the other EU company then to an exchange just be skipped and put the money directly into a crypto exchange through the Cyprus company instead, and then send the money to a cryptocurrency account owned by the new company?
I would like of course like the new company to be owner of the cryptos, so any profits, etc. will belong to the new company.

I hope it makes sense, and someone can come with some advice. :)
 

jobe92

New member
Thank you for your response @blockchain4ever .
Do you know anything about corporate cryptocurrency investments, is that considering legal, or is there laws restricting that?
More specifically I would like to put most of the money as stake into a proof-of-stake coin, and earn "return of stake" on them, for example Cardano and NEO.
 
Mentor Group
Mentor Group
Top