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Recent content by jkl197

  1. J

    Which jurisdiction should I open or purchase a bank in?

    Portorico not an option anymore?
  2. J

    Moving to Cyprus: mere business owner + medical insurance vs BO & employee + public healthcare

    it always depends on personal circumstances: - if you are obsessed with paying zero tax, then yes, dividends only is the solution; - IF you are dealing every other day with some monkeys of banks, brokers, landlord to rent a flat, medical insurance company or any insurance provider, car rental...
  3. J

    Moving to Cyprus: mere business owner + medical insurance vs BO & employee + public healthcare

    did you consider the 50% tax discount for a salary of 55k or more? https://www.harneys.com/our-blogs/regulatory/cyprus-clarifies-the-50-per-cent-income-tax-exemption-for-employment-exercised-in-cyprus/
  4. J

    Good jurisdiction for personal startup investments holding company/mini family office

    CY is interesting but the rules for companies making investments are a bit complicated when you look at SDC on certain types of dividends for example. You have to review all details with an expert
  5. J

    Roast / give me do's and dont's for my plan to move to Cyprus

    PS possibly try to stay away from UK (as tax resident) for at least 6 full years, especially if you are planning to receive dividends while you are away. If you go back to Uk before 5 years then on your return hmrc will tax the dividends you got while away, as well as part of other type of income
  6. J

    Roast / give me do's and dont's for my plan to move to Cyprus

    read below summary, you should find more complete guidance on gov.uk (the rules could be complicated, better to find a great consultant) please note that being sole director of your UK Ltd is a problem, it means you have strong ties with UK and/or they may question you are working in UK. Even...
  7. J

    Roast / give me do's and dont's for my plan to move to Cyprus

    make sure you fill out form p85 and ask your Uk accountant to remove yourself from the database for Self Assessment, unless you need to keep filing SA for some reasons. Leave as soon as possible, regardless of 5th april cut off, the more you wait after 6th April the higher the risk of creating...
  8. J

    Anyone Heard of UTGL? Trusted Trustee in Hong Kong?

    UTGL was already discussed before https://www.offshorecorptalk.com/threads/utgl-hk-trust-account-any-experience.45614/
  9. J

    Italian government surfing on bitcoin wave

    and apparently this is their reasoning: they claim that the extra tax is fair as cryptos do not serve a social purpose as prescribed by the doctrine of the Catholic Church https://www.criptovaluta.it/98740/bitcoin-tasse-cornelli-consob
  10. J

    U.S. broker for foreigners? any recommendation?

    You could try with Fidelity
  11. J

    Offshore Incorporation Service Providers

    mauritius regulator is rather slow, if they told you only 2 months i guess it is a sub-fund of an existing structure?
  12. J

    Offshore Incorporation Service Providers

    if budget is not a problem and you want an elegant solution then you could consider Luxembourg, where you will wait more than 1 year to get the license, but while waiting you can start with an SCSP, a sort of LLP that can operate like a fund without a license, legally, as long as the AUM is...
  13. J

    2 months UK, 5 months UAE, 5 months Indo - Tax Residency?

    the UAE TRC does not necessarily shields you from HMRC attacks, you have to make sure you cut all ties and dont spend too many days in the UK. I guess you did file the form P85 when you left
  14. J

    2 months UK, 5 months UAE, 5 months Indo - Tax Residency?

    to fully cut ties with UK, in some cases, you have to spend less than 15 days in a year in the UK, read very carefully the rules