Bitcoin has just made a new ATH (the highest value of all time). This is a great reason to talk about the tax on profit from crypto.
Even though it has been already 13 years (sic!) since the concept of cryptocurrencies was developed, the governments of most of the countries still have not implemented any specific legislation towards defining crypto assets, not even mentioning tax regulations.
The Estonian parliament adopted on 3 June amendments to the Aliens Act, allowing for the creation of a digital nomad visa. The visa would give the right to digital entrepreneurs and workers, who temporarily want to live in Estonia, to reside there for one year (log-term visa), being at the same time entitled to a Schengen visa which allows them to visit member countries for up to 90 days.
Are you an IT specialist? Congrats, not only because you provide one of the most desired services in the world…. Your business can be set up anywhere in the world and you, personally can be working (and maybe living) anywhere you want, as long as there is a good Internet connection. Programmers, web developers are just perfect remote professions.
Having experience in international tax planning, corporate law and start-ups, we decided to create a firm with a personal approach to our clients, who are global citizens that we meet in our everyday life.
Founding CDX TRUST, we wanted to focus more on individuals – to help them to choose the best jurisdiction for their residency and most efficient formulas for running their business activities.
• Re-location and change of tax residency
• Immigration services
• Obtaining residency or naturalisation by investment
• Interpretation of double tax treaties and residency of individuals and their businesses
• Personal taxation services
• Opening of a personal bank accounts
• Advisory on investment, especially real estate
• Legal and tax advice
• Registration of companies in different jurisdictions
• Analysis of Double Tax Treaties
• Opening of corporate bank accounts
• Fiduciary and corporate management
• Administration &Accounting services
Cyprus attracts both business and individuals, as comparing to other EU countries, it offers a unique work life balance with a great Mediterranean lifestyle.
In the recent years Cyprus became and international business centre, where many expats found their place to live and digital nomads a great base to stay, thanks to very attractive residency rules.
Cyprus is still chosen by entrepreneurs for companies structuring, tax planning, trading and fund management, which are strongly established sectors due to attractive fiscal regime.
Connect 60-day rule and the non-dom regime and you can have your base in sunny Cyprus, travel around the world and pay zero tax on dividends, legally.
Land of contrast, at the crossroad of East and West, with growing community of expats traveling through or even staying there for long term.
Thanks to very beneficial tax regimes for entrepreneurs, also for crypto enthusiast, Georgia has its time now!
Tbilisi is a new hotspot for digital nomads and remote workers. The country is appreciated for low cost of living, fast internet, banking solutions, great nature, good infrastructure and fantastic food and wine.
Especially good for start-ups (no tax if you do not distribute profits) and IT companies (zero tax).
And one more thing: profit from trading cryptos is tax free!
Estonia, the northernmost of Baltic states, being culturally and spiritually closely tied with Scandinavia is a member of the EU and Schengen. A country with a population of about 1.3 million people has in few years shifted into adigitally advanced society.
With its attractive tax regime (no corporate income tax until profit distribution) and its e-residency, which allows everyone to start and manage a company online, Estonia has become an attractive place for establishing a business. As a result, Estonia has the most startups per capita in the world, of which some have already become unicorn companies (> $1bn).
Estonia was also one of the first countries to regulate cryptocurrency trading activities.
New jurisdictions are going to be introduced very soon, stay tuned!
Based in Cyprus, but you can also meet her in Poland or Georgia.
After graduating as Master of Laws in Poland, she was supposed to become a lawyer-linguist at EU institutions.
Finally, after the Luxembourg experience, Jowita decided to continue to develop in more corporate-oriented field and to stay in Cyprus, where admittedly the sun and the seaside lifestyle make doing business even more pleasurable.
Experience gained at IBCCS TAX when assisting in legal matters, involvement in setting up companies in various jurisdictions, as well as their daily management helped her with good understanding of needs of international clients.
Based in Cyprus, but you can also meet him in Georgia, Ukraine and Estonia.
Straight after graduating Financial Management from WSB-NLU, Poland and National Louis University in Chicago, Cezary has started his professional career in international tax and corporate management in Cyprus.
After working in fiduciary, accounting, audit and tax firms for few years, in 2014 he established IBCCS TAX, an international tax consultancy firm.
As an international tax adviser and managing director of the firm, setting up various tax structures for clients, he gained a practical knowledge and experience that are crucial when
advising entrepreneurs at CDX TRUST.
Our man in Tbilisi, Georgia.
Irakli is a graduate of Commerce and International Marketing at Tbilisi State University and MBA at European University Cyprus.
After his experience abroad, he came back to Georgia and established agribusiness focusing on almonds cropping and processing. Having more than 10 years of experience as an entrepreneur and a member of the Techno Hub of Georgia, he is couching and advising new start-ups.
In March 2018 he established a branch of IBCCS TAX in Tbilisi, helping international entrepreneurs to structure their businesses through Georgia and other jurisdictions.
Our man in Tallinn, Estonia.