cyprus

Hello, This is my first post here, I am opening a Cyprus International Trust and was curious if anyone knew of any banks that would be able to open an account for this trust. The company I am opening the trust with suggested Bendura Bank in Lichtenstein and Proven Bank in the Cayman Islands...

Hi, I'm a software engineer and digital transformation consultant. My business consists of two streams: one from a SaaS product with recurring subscriptions and another from IT consulting with top 500 companies. Passports: Italian, Brazilian, Swedish Tax residency: Cyprus (nom dom) My current...

hello guys, whats the best thing to do in this scenario. Let`s say there is a person with 6 figures in crypto and want to cash it out (get it legal in a bankaccount) with the lowest tax possible without moving out of europe (worst case is dubai lol ). There is no hestitation to go and live...

Good morning everyone, I think many will find this question interesting. I saw a viral TikTok video about a company offering Cyprus trusts as a solution for Europeans. Here’s the idea: 1. Open a trust in Cyprus with a Cypriot lawyer as the trustee. 2. Sell your intellectual property to the...

I've recently read about the resident non-dom company possibility where a Maltese non-dom has a company in Cyprus, not paying any tax on profits and then also not remitting them (this is what makes it resident Malta non-dom). Would this be possible if the Maltese non-dom would want to open a...

I stumbled upon this post by @Don Quote: EE company with a PE in CY can redistribute the profits of the PE to the shareholders tax-free. And in the case of trading securities, there is no capital gains tax in Cyprus, so the overall tax will be 0%. Do I understand this correctly: Estonia...

Does anyone know if a business owner of a Cyprus LLC/LTD is allowed to capitalize their company directly with cryptos? i.e. putting cryptos into the company as an asset for the purpose of trading them, without triggering any kind of taxable event. There must be hundreds if not thousands of...

Currently living in NL I wanna setup a SaaS company in Cyprus and benefit of IP-Box, so corporate tax will be as low as 2.5-5% I'm gonna create the substance for it, i.e.: Management, important meetings and key decisions will be in Cyprus done by a local director and not me, all of this will...

Hello, I'm currently exploring options to optimize my tax setup. Here's my situation: I'm an Italian citizen residing in Malta for the past 3 years. I operate a marketing agency from my home in Malta, serving clients globally, generating an annual income of €100,000. My current business...

I thought about this: what if EU individual gets Cyprus non dom status and tax residency in Cyprus and then upkeeps an offshore company, let's say in UK, USA or other jurisdiction...won't that be most tax efficient setup? Because if this offshore company hires no employees and pays out purely...

Hello, I am currently preparing an iGaming service. We are setting up our company structure with an Anjouan license + a Belize corporate (for holding the license) + a Cyprus subsidiary (for EMI), but I am uncertain about the tax structure. All transactions and funding are managed through the...

Hi, let's discuss which country is best for living and trading crypto in terms of taxes, ease of running company and banking. UAE: - 9% tax on profits above 100k USD - Possible to open crypto prop trading company - Banking in local UAE banks is very hard, so one qould need to have offshore bank...

I am planning on leaving my high-tax country in the next few months. I am setting up meetings with accountants/lawyers in Portugal and Cyprus. Malaysia and Dubai are also possibilities My thought process so far is the following: I should choose a country that my home country has a tax treaty...

Hi everyone, I have a few questions about a situation I'm encountering and I'm not really sure how to handle this, here is the situation: Let say I have a company in Cyprus, I'm employee of this company and sole director/shareholder, I rent an apartment yearly, I stay in Cyprus 2 months per...

It is often fairly easy to open a Representative (also called Liaison) Office in many countries. Then to have that Office go through a process to invite you(even non-EU nationals) to go to the country and become resident there based on being the manager / Representative at the Representative...

Three partners, Spanish nationality and residence. Currently with a UK Ltd but without income or billing as we had not yet closed any deal so far. We put buyer and seller in contact, they make a contract for the supply of material and we take a commission for each purchase made by the buyer...

Hi everyone, I was wondering if the following setup would be legal and acceptable. A little bit of background about me first. I do data analysis. I develop very complex and sophisticated mathematical models. My clients are all from USA and EU. I was born in EU. I have a company in Andorra...

Hi all, this form is great, filled with great information. I've been looking into immigrating to Cyprus as a non-EU national (Canadian). I have 2 years before I actually am able to move but 2 law firms in Cyprus replied saying processing time has changed, due to a few factors, and is now 3-4...

Hello all, first of all, thanks a lot @CyprusBusiness @Sols @CyprusLaw @CyprusLawyer101 @Marzio and all the other who gave a really good advice on Cyprus taxes in the forum. I own a US LLC (online business – which taxes 0% in the US), I just landed in Cyprus with the intension of being a...

How is Cyprus treating proceedings from liquidation of foreign companies? I mean the surplus a shareholder/associate (physical person) receives from a foreign limited company subject to dissolution and liquidation. Ignoring the tax at source (which may depend on the country and DTA), which is...