Usually crime ratings are based on cases per 100 000 citizens, so it is not important how big country is. Have you ever were considering Bulgaria ? flat 5% corp tax, 10% dividends tax, very cheap accounting and services, sea, relaxed people... What disadvantages you see in Bulgaria ?
Congratulations on the new channel Rico !😎! - So I have a quick question in relation to setting up my company in Cyprus..this was when I looked at it before as a U.K. citizen when I wanted to formulate my new technology consulting company (CT at 12.5%) in Cyprus and wanted to spend a minimum of 60 days a year there was that I would need to inject around €200k as start up capital which was deal breaker at the time ,can you please advise if this is still the case and also with the IP Box regime (CT 2.5%) does the €200k company cash injection rules still apply if I wish to stay just a minimum of 60 days in Cyprus a year 🙏…
Hey Steve, thanks for your comment! Yes, this is generally correct and the 200.000€ capital injection is still needed for Non EU nationals so that the company can be registered as a company of foreign interest. Then you will employ yourself under that company and we can then receive your residence permit and the Cyprus tax residency under some other conditions. Did you fill out our form? We would be happy to explain further in a consultation call.
Why did you decide to leave Switzerland? I'm interested to know in the factors you did not like with living in Switzerland. One day I may consider moving there and I'd like know the cons. Thanks for the informative video!
I am too interested in the answer as I am too living in Switzerland. How much tax, if any at all, is saved by incorporating a LTD on Cyprus and becoming there a non-dom in comparison to just incorporating a company here in Switzerland e.g. in the canton Zug with around 11% corporate tax? And also, can I become non-dom resident on Cyprus while still living in Switzerland? If so, wouldn’t then the Swiss CFC rules apply? Or wouldn’t they apply because I would have substantial interest in the Cyprus company?
Amigo, one question. Will i pay taxes for capital gain, when i just buy and some years later sell ETFs and Stocks? Not as Trader, just buy and hold strategy. Thanks
From what I understand if you are tax resident in Estonia you cannot just pay yourself dividends, you have to also pay yourself a salary, 20% income tax and 35% employers social tax.
Cyprus has the lowest crime rate in the EU. The locals live peaceful together and we leave with our doors open here. That was the point. And yes, Cyprus is a few hundred km away from a conflict zone, but if something would happen to a EU member country, then we're talking about a much bigger issue and you'd be really "safe" nowhere.
I had a LTD on Cyprus but my German client refused to accept invoices issues by my Cyprus LTD out of fear that doing so would attract unwanted attention from tax authorities and could cause them having to undergo a tax audit. At the end, I had to close the LTD.
Out of interest, how did you just move to Switzerland? Is it possible to "buy" a visa for Switzerland?, or can you just move there if you want as a German?
@@brianc-i2i it is and I could travel there myself, as a UK citizen, but "living" there full time is different. I thought the only way to permanently move to Switzerland is by having a job offer by a Swiss company?
@@sonny8085 I'm a UK citizen too, yes I think you need a Swiss job offer or to be pretty wealthy. Any EU citizen though can just move there and register.
How is it better? 16% Profit Tax + 8% Dividend + Social Healthcare contributions Of course if you make less than 100k EUR/year turnover you can get the 1% of Total Revenue tax but its getting hard to be eligible for that
@@notmyhandle1223 What you morons DONT UNDERSTAND is that Cyprus was an EU banking experiment. Look what happened in 2013 -- all money more than €100k in a bank account was confiscated by the Government. This is now standard practice IN ALL EU countries. Never forgive. Never forget.
No, there is no necessity to buy a property of course. However, as a Non EU citizen, in order to receive a residence permit, you need to make some kind of extra steps. There are multiple ways to come to Cyprus without buying a property and we are happy to assist individually if you fill out our form. Thanks!
Taxes may be a nuisance, but... public welfare, infrastructure, running a government etc. does cost. So taxes are inevitable otherwise one have to be completely self reliant on everything. From security, infrastructure as electricity, internet, water, waste disposal and much more. Thats not realistic in a modern world. Especially living in a city. So pay Your part to contribute to the community and appreciate the benefits that being provided by this. Schools, hospitals, roads, railways etc. does not build it selves from nothing.
Now how on earth did they build and maintain those schools, hospitals and roads before they where paid by taxation? Oh, thats right, people still did manage to do that without the State. We have all been fooled into thinking this is not possible without the State. That is a damned lie, and I have stopped believing it. If it could be done before on a lower cost it can be done today. Down with the bureaucracy!
@@tormodundheim259 Going back in time to Babylon, Egypt, Rome etc. the state buildt this. Either by the military when not in war, or by peasants when they did not have fieldwork to do. AND also by slaves. So if You want to benefit from Your country contribute Your share. You will never be able to find people enough to build and run a hospital in a small country. It has to be done by a government. UNLESS offcourse You are wealthy enough to pay the costs to a private hospital. But the private institutions can only be created if the funding can be found. A fine example is the USA. Here the poor cant afford to be treated. They can not pay the costs. Dont whine because You have to pay some tax.
@@jannyboe9365 I think you forget what the churches and other private organizations have done through the ages. It is incredible how cheap you can run a hospital when you eliminate the bureaucracy and the States involvement in things. The US is a worst case scenario in having private hospitals running with government making a total mess of things. I live in Norway, hailed as somewhere to look by the left side. Let me tell you, it is not. The only redeming quality is that we are not stuck with a ridiculous bill after leaving the hospital. If you don't leave feet first, that is...
@@tormodundheim259 You are still wrong. Private enterprizes can not cover a country with infrastructure in a modern society. They only builds and expands where there are enough customers. Also a statedriven entity does not need to make a profit. Its a zero sum entity. A private company must create a profit to owners and shareholders.
Usually crime ratings are based on cases per 100 000 citizens, so it is not important how big country is.
Have you ever were considering Bulgaria ? flat 5% corp tax, 10% dividends tax, very cheap accounting and services, sea, relaxed people... What disadvantages you see in Bulgaria ?
Corporate income tax is 10% no?
@@ivanrocks2227 its actually 7.5% since they calculate the 10% off of 75% of your income because they deduct 2.5% for some reason i cant remember
So looking forward to follow your videos on this channel Rico, all the best!
Thank you very much!
Congratulations on the new channel Rico !😎! - So I have a quick question in relation to setting up my company in Cyprus..this was when I looked at it before as a U.K. citizen when I wanted to formulate my new technology consulting company (CT at 12.5%) in Cyprus and wanted to spend a minimum of 60 days a year there was that I would need to inject around €200k as start up capital which was deal breaker at the time ,can you please advise if this is still the case and also with the IP Box regime (CT 2.5%) does the €200k company cash injection rules still apply if I wish to stay just a minimum of 60 days in Cyprus a year 🙏…
Hey Steve, thanks for your comment! Yes, this is generally correct and the 200.000€ capital injection is still needed for Non EU nationals so that the company can be registered as a company of foreign interest. Then you will employ yourself under that company and we can then receive your residence permit and the Cyprus tax residency under some other conditions. Did you fill out our form? We would be happy to explain further in a consultation call.
Why did you decide to leave Switzerland? I'm interested to know in the factors you did not like with living in Switzerland. One day I may consider moving there and I'd like know the cons. Thanks for the informative video!
I am too interested in the answer as I am too living in Switzerland.
How much tax, if any at all, is saved by incorporating a LTD on Cyprus and becoming there a non-dom in comparison to just incorporating a company here in Switzerland e.g. in the canton Zug with around 11% corporate tax?
And also, can I become non-dom resident on Cyprus while still living in Switzerland? If so, wouldn’t then the Swiss CFC rules apply? Or wouldn’t they apply because I would have substantial interest in the Cyprus company?
Amigo, one question. Will i pay taxes for capital gain, when i just buy and some years later sell ETFs and Stocks? Not as Trader, just buy and hold strategy. Thanks
I’m a propfirm trader. Is there any special tax advantages in cyprus?
Starkes Video!
From what I understand if you are tax resident in Estonia you cannot just pay yourself dividends, you have to also pay yourself a salary, 20% income tax and 35% employers social tax.
Which country give a residency
Because as algerian i want to setup a company and get a EU residency
Safest? I would consider the geopolitical location as well here… and Cyprus is way too close to a major conflict zone to be considered safe.
Exactly. Specially with the turks sharing the island
Cyprus has the lowest crime rate in the EU. The locals live peaceful together and we leave with our doors open here. That was the point.
And yes, Cyprus is a few hundred km away from a conflict zone, but if something would happen to a EU member country, then we're talking about a much bigger issue and you'd be really "safe" nowhere.
@@taxone really? No where? What about Paraguay?
I had a LTD on Cyprus but my German client refused to accept invoices issues by my Cyprus LTD out of fear that doing so would attract unwanted attention from tax authorities and could cause them having to undergo a tax audit. At the end, I had to close the LTD.
Out of interest, how did you just move to Switzerland? Is it possible to "buy" a visa for Switzerland?, or can you just move there if you want as a German?
Yes, although Switzerland is not in the EU, it is part of the Schengen zone .
@@brianc-i2i it is and I could travel there myself, as a UK citizen, but "living" there full time is different.
I thought the only way to permanently move to Switzerland is by having a job offer by a Swiss company?
@@sonny8085 I'm a UK citizen too, yes I think you need a Swiss job offer or to be pretty wealthy. Any EU citizen though can just move there and register.
What's wrong about Monaco ? It has the climate, the safety and 0% income tax
Try buying even a 1 bedroom apartment….
So what if you have a foreign company and distribute dividends from there? Like a US LLC for instance?
A US LLC has "distributions", which are not dividends. A US Corporation has dividends.
US LLC's are tax transparent and their "dividends" are not recognized as dividends, which makes them not eligible for the Nom dom benefits.
Is it possible to stay less than 60 days and still retain Non Dom status?
No.
Romania is a good alternative - better banking system than Cyprus.
But the Mediterrenean life sounds good!
How is it better? 16% Profit Tax + 8% Dividend + Social Healthcare contributions
Of course if you make less than 100k EUR/year turnover you can get the 1% of Total Revenue tax but its getting hard to be eligible for that
@@notmyhandle1223 What you morons DONT UNDERSTAND is that Cyprus was an EU banking experiment.
Look what happened in 2013 -- all money more than €100k in a bank account was confiscated by the Government.
This is now standard practice IN ALL EU countries.
Never forgive. Never forget.
Romania is full of scammers wouldn’t touch it
Why Cyprus over the Republic of Ireland besides the weather ?
We'll do a comparison video soon.
Do you have to buy property there
No, there is no necessity to buy a property of course. However, as a Non EU citizen, in order to receive a residence permit, you need to make some kind of extra steps. There are multiple ways to come to Cyprus without buying a property and we are happy to assist individually if you fill out our form. Thanks!
Which part of Cyprus are you living in?
What hapoens when these low tax European countries join the European Union? 😢
Taxes may be a nuisance, but... public welfare, infrastructure, running a government etc. does cost. So taxes are inevitable otherwise one have to be completely self reliant on everything. From security, infrastructure as electricity, internet, water, waste disposal and much more. Thats not realistic in a modern world. Especially living in a city. So pay Your part to contribute to the community and appreciate the benefits that being provided by this. Schools, hospitals, roads, railways etc. does not build it selves from nothing.
Now how on earth did they build and maintain those schools, hospitals and roads before they where paid by taxation? Oh, thats right, people still did manage to do that without the State. We have all been fooled into thinking this is not possible without the State. That is a damned lie, and I have stopped believing it. If it could be done before on a lower cost it can be done today. Down with the bureaucracy!
@@tormodundheim259 Going back in time to Babylon, Egypt, Rome etc. the state buildt this. Either by the military when not in war, or by peasants when they did not have fieldwork to do. AND also by slaves. So if You want to benefit from Your country contribute Your share. You will never be able to find people enough to build and run a hospital in a small country. It has to be done by a government. UNLESS offcourse You are wealthy enough to pay the costs to a private hospital. But the private institutions can only be created if the funding can be found. A fine example is the USA. Here the poor cant afford to be treated. They can not pay the costs. Dont whine because You have to pay some tax.
@@jannyboe9365 I think you forget what the churches and other private organizations have done through the ages. It is incredible how cheap you can run a hospital when you eliminate the bureaucracy and the States involvement in things. The US is a worst case scenario in having private hospitals running with government making a total mess of things. I live in Norway, hailed as somewhere to look by the left side. Let me tell you, it is not. The only redeming quality is that we are not stuck with a ridiculous bill after leaving the hospital. If you don't leave feet first, that is...
@@tormodundheim259 You are still wrong. Private enterprizes can not cover a country with infrastructure in a modern society. They only builds and expands where there are enough customers. Also a statedriven entity does not need to make a profit. Its a zero sum entity. A private company must create a profit to owners and shareholders.
Cyprus is not in Europe. ( I know it’s EU)
.
Is this true only on the Greek side?
What a scam video