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.
It depends for which country, I will be surprised for the long run.should be enough to look like you have substance.
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.yourself 0% tax dividends to cyprus.
Might even be less.around 7k for cyprus limited for incorporation and accounting fees for a year
Also, if you are dealing with EU companies, some of them might not like to deal with a Seychelles company.Can seychelles companies pay out dividends without problems to EU banks?
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
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.Why would you need a company in Cyprus if you already have one in the Seychelles?
For getting the non-dom status you would need the cyprus company / be employed there. If you just live there you get bad taxesWhy would you need a company for that? I always thought you could just go and live there as an EU citizen.
This is not correct. You are non-domicile if you weren't born in Cyprus and/or haven't lived in Cyprus for the last 17 years. It has nothing to do with whether you have a company. The two are unrelated.For getting the non-dom status you would need the cyprus company / be employed there. If you just live there you get bad taxes
The only difference is that if you have a Cyprus company is that you have the 60 days rule. Without a company, you have to stay there 183 days to be a tax resident
100%.I doubt that that's true. But I'm sure it's something service providers will tell you...
To get the 60 day rule the company or any other form of employment in cyprus is necessary right? So they are not lying, since most want to take advantage of the 60 day rule100%.
There are arguments for why having a company can be advantageous (non-dom and/or 60-day). But what these service providers "forget" to tell you is that it also happens to be lucrative for them and not strictly necessary. Package deals become truisms.
Exactly, you can also hire up locally as a barista to enjoy easy access to the 60-day-rule (and 60+ girls).To get the 60 day rule the company or any other form of employment in cyprus is necessary right? So they are not lying, since most want to take advantage of the 60 day rule
The requirements for the 60 day rule are the following:Thank you Sols for clearing that up. I would have been really surprised if you needed the company.
I doubt that that's true. But I'm sure it's something service providers will tell you...
Correct. See my post above. You can get hired at CyprusLaw(yer) or any bar and enjoy 60 days while getting some pocket money for brewing coffe and preparing drinks.The requirements for the 60 day rule are the following:
So you need to run a company as self employed or be employed under another business or be a director in a Cyprus company. Service providers are not lying to you, these are the requirements, bearing also in mind that if you are non-EU then unless you have a work permit under a tech company for example you are not allowed to be employed/self employed, so the only solution is having a company and be a director in that company.
- the individual stays in Cyprus for at least 60 days in the tax year,
- exercises a business and/or is employed in Cyprus and/or holds an office with a Cyprus tax resident company at any time during the tax year,
- maintains (by owning or leasing) a permanent home in Cyprus.
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