Tax residency.Are we talking about offshore banking OR tax residency.
The closest to Hungary's corporation system...
Yes OP can open a KFT company...
No company: a natural person trading crypto doesn't need a company.
The idea is:
- relocate to Hungary and live there 183+ days a year to become tax resident (I won't be resident in any other country);
- swap between cryptos and stake (tax free);
- sell crypto for fiat when cash is needed (15% tax).
On paper Hungary looks good but the country is notorious for being corrupted and a bureaucratic nightmare, so I'm wondering if you reckon to be worth to relocate there for a EU crypto trader...
Maybe it's difficult to find a honest and competent accountant to file a tax return? Or maybe other problems?