Recent content by curiousmarv

Offshore and Cyprus only works legally and risk free if your company has really multiple persons involved who reside outside of Cyprus and work actively for you (ideally in that countries where you offshore). Imagine you have your World Wide company empire and don't work active from Cyprus and...

Practically it may work if you stay well enough under the radar and especially don't aquire things in Spain or in Portugal (means no possessions there like a house or bank account, your children should not go there to school etc). Theoretically it's not secure enough. Tie-Breaker Rule for taxes...

There are no laws or better to say no regulation regarding crypto in Cyprus. It's in a total grey area and every accountant and lawyer has different opinions which are not backed by the law. But what is for sure is that crypto CAN NOT be handled equivalent to stocks (they are simply no stocks)...

I had this problem with a Georgian bank (TBC) which I don't really needed. I did not want to travel to Georgia so I've asked what they needed from me (they asked me for reverification). They needed a lot of things like apostilled birth certificate, another thing with notary and embassy...

They have their purpose and they work. I know a distant friend who needed a Cypriot IBAN for his business and only could open it remotely and it had to be quick. His only options were Bank of Cyprus IBU (they can open remote) and Unlimit. I think he paid in total 700€ to open quick and...

they are anti crypto.

Wow, now we have two blacklists. Was not aware about that. This EU blacklist (tax haven blacklist): https://www.consilium.europa.eu/en/policies/eu-list-of-non-cooperative-jurisdictions/ is something different than this Anti Money Laundering (AML) deficiencies black list...

There is no VAT in b2b, it's an end consumer tax. Confused.

btw I ended up not creating a new bank account for the cheque... it was sorted with a bank transfer from the other side and making the cheques invalid. I really hope that cheques will die out and even become an not allowed payment method anymore (in some countries it's the case already). This...

I've seen Verifo has "high risk" in their price list but no first hand experience with them Verifo

Probably some DeFi or centralized DeFi crypto coin (like on Binance Smart Chain, no it's not the same as Binance exchange) with low market cap which is innovative and NOT yet on classical central exchanges. If you don't know what DeFi is you should inform yourself. Best bet is to gather as much...

Good luck with new Belize IBC rules. I don't know why people would do this when there are so many other good options (e.g. Dubai) https://www.ibcagent.com/pages/belize-international-business-companies-amendment-act-2018 Also good luck in finding a bank account for Belize IBC.

yes this is totally outdated. I'm happy I've never done it at the end ;) Belize was very hot 2-3 years ago for Cyprus, nowadays it's not a good jurisdiction.

Update: okay trading is considered active investment and also only 12.5% taxed.

On private: - stock trading is tax free, but only on profit, not dividends (GESY/GHS). - forex (and any trading with currencies) is definitely not tax free, even as non-dom - crypto is a grey area and undefined, in worst case it's taxed backdated (different accountants will tell you different...