Greetings,
I trade commodity futures (moderate sized account) in one EU country but am now residing in a second EU country with the kind of taxation that few trading systems can survive. Hence the requirement for an offshore solution.
My immediate requirement is to ensure 0% tax on my trading gains and to avoid being subjected to inheritance tax before my kids are adults. I don't need to pay myself from company profits yet - In time I will relocate to a no-tax jurisdiction, and hopefully take dividends out of the company as needed without any tax hit.
I'm not sure whether a Cyprus IBC would fulfill my requirements though. For example, If the company opened a trading account with a Cypriot brokerage, would the gains in the account be considered as earned in Cyprus and therefore subject to Cyprus co-operate tax?
And if the brokerage account was in the UK or USA, would the gains then be foreign derived and therefor not taxed? I need to have accounts with several brokerages to ensure that I have decent coverage at the major exchanges. But would it be easy to open foreign brokerage accounts for the company to enable me to trade most markets?
Would the set-up be easier for a company in Hong Kong or Panama? And how would the gains in these circumstances be treated tax-wise?
Thanks in advance for any insight or comments.
I trade commodity futures (moderate sized account) in one EU country but am now residing in a second EU country with the kind of taxation that few trading systems can survive. Hence the requirement for an offshore solution.
My immediate requirement is to ensure 0% tax on my trading gains and to avoid being subjected to inheritance tax before my kids are adults. I don't need to pay myself from company profits yet - In time I will relocate to a no-tax jurisdiction, and hopefully take dividends out of the company as needed without any tax hit.
I'm not sure whether a Cyprus IBC would fulfill my requirements though. For example, If the company opened a trading account with a Cypriot brokerage, would the gains in the account be considered as earned in Cyprus and therefore subject to Cyprus co-operate tax?
And if the brokerage account was in the UK or USA, would the gains then be foreign derived and therefor not taxed? I need to have accounts with several brokerages to ensure that I have decent coverage at the major exchanges. But would it be easy to open foreign brokerage accounts for the company to enable me to trade most markets?
Would the set-up be easier for a company in Hong Kong or Panama? And how would the gains in these circumstances be treated tax-wise?
Thanks in advance for any insight or comments.
