Cyprus non dom + offshore company, most tax efficient setup?

[bubbledouble]

If it wasn't so damn difficult to get a BVI company I would have setup one straight - but the documents required, KYC etc. is way too much.

 

[Hydrox]

Let´s talk numbers here.

So if i read everything correctly you need the cyprus non dom = 0% dividend tax.

Then you need an Offshore Corp (Seychelles f.ex) with preferably substance, which you can buy in this country relatviely cheap. A nominee director for 1.5 - 2k a year should be enough to look like you have substance.

Then you can be shareholder of that seychelles company and pay yourself 0% tax dividends to cyprus.

Cost for that = around 7k for cyprus limited for incorporation and accounting fees for a year
Cost for seychelles with nominee = 3k.

So for around 10k you should be set and relatively legal right?

Can seychelles companies pay out dividends without problems to EU banks?

 

[dziter]

should be enough to look like you have substance.

It depends for which country, I will be surprised for the long run.

yourself 0% tax dividends to cyprus.

If you are not managing the company in Cyprus and it is deemed non-resident, it might be possible on CY side. Then, it also depends of shareholder tax residency.

around 7k for cyprus limited for incorporation and accounting fees for a year

Might even be less.

Can seychelles companies pay out dividends without problems to EU banks?

Also, if you are dealing with EU companies, some of them might not like to deal with a Seychelles company.

Let's see other replies.

 

[JustAnotherNomad]

Then you can be shareholder of that seychelles company and pay yourself 0% tax dividends to cyprus.

Cost for that = around 7k for cyprus limited for incorporation and accounting fees for a year

Why would you need a company in Cyprus if you already have one in the Seychelles?

 

[Hydrox]

Why would you need a company in Cyprus if you already have one in the Seychelles?

To get the non dom status there and a residency. I want residency and tax status somewhere since it's a gray zone to be without one after emigrating from germany.

 

[JustAnotherNomad]

Why would you need a company for that? I always thought you could just go and live there as an EU citizen.

 

[Hydrox]

Why would you need a company for that? I always thought you could just go and live there as an EU citizen.

For getting the non-dom status you would need the cyprus company / be employed there. If you just live there you get bad taxes