Setting up a structure in Cyprus

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4 жыл бұрын

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Пікірлер: 14

@giovannivanbaal367 2 ай бұрын

What is your view on setting up a structure in Cyprus for a Dutch freelancer whose revenue is solely based on my personal IP?

@TheGhid 3 жыл бұрын

Also, No tax on securities trading. Has to be a paradise for traders?

@mnestler31 8 ай бұрын

0% capital gains tax if you get non-dom tax residence and spend at least 60 days per year on Cyprus. And less than half the year in any other country.

@klemenkovacic9109 2 ай бұрын

@@mnestler31 can you describe how that works? you have a company for trading that sends funds to some kind of trust to cyprus or has a trust on cyprus and an open account somewhere else in europe, that has tax treaties and it's totally legal to do to addtion where you have to spend 2 months on cyprus to be tax exampt in your country and subject to 0% tax on cyprus - or if you are not 2 months on cyprus per year, you gotta pay 12,5% tax if that's correct after that you can use tax free money is that right?

@mnestler31 2 ай бұрын

@@klemenkovacic9109 spend at least 60 days of the year on Cyprus, and less than 183 days in any other country (split in two other countries). You have to apply for non-dom tax status on Cyprus, but it's relatively quick and easy. And you need a residence on Cyprus, either owned or rented for a year.

@kurt755 2 жыл бұрын

0% tax on dividends earned in Cyprus correct? So when setting up a company, you can pay yourself a low salary and take the rest on dividends

@michael-masi-2021 9 ай бұрын

That is my understanding from watching his videos and asking some questions.

@klemenkovacic9109 2 ай бұрын

most likely, as there are no capital gains for non dom tax residences, i think u need a trust there for that to work but not sure

@p.c.h.6721 Жыл бұрын

Michael, if you are an investor that invests mainly in the U.S. market, does the U.S. withholds a percentage of the dividends and interest if you are a resident of Cyprus? And Capital gains from U.S. securities are also 0% for Cyprus residents? Is Cyprus better for investors, in terms of Withholdings and Capital Gains taxes from U.S. securities than Dubai? Thanks in advance, I hope you answer and we’ll take it from there.

@OffshoreCitizen Жыл бұрын

There's no withholding on sale of US securities. Dividends are subject withholding. So for dividend Cyprus is better. For capital gains they are the same.

@p.c.h.6721 Жыл бұрын

@Offshore Citizen Thanks for writing back, Sorry I’m confused. So when it comes to interest and dividends coming from U.S. securities there’s no withholding if you are a resident of Cyprus, but there is withholding if you are a resident of Dubai? If this is correct, what’s the % the U.S. withholds on interest and dividends from the U.S. if you are a resident in Dubai? And for Capital gain taxes on the sale of U.S. securities is 0% in both, Cyprus and Dubai? Which one would you recommend for Investors that invest in the U.S. market and receive every year Interest, Dividends and Capital gains?