300k in crypto (no proof of source). willing to pay taxes but afraid of money laundering accusations

CaptK said:

A cheap solution is only going to come back and bite you later.

sometimes it does and sometimes not.

People tend to over complicate things a little. I don't know if it is because some here have a mind set like a legal attorney or accounting firm or if they just read what is written around and think that's how it works.

To liquidate a company within the first 2 years and before you file the annual report is normal, about 80% of all startups don't survive so unless you produce a million depth to the tax auth. there is no one going after you.

blueweb said:

sometimes it does and sometimes not.

People tend to over complicate things a little. I don't know if it is because some here have a mind set like a legal attorney or accounting firm or if they just read what is written around and think that's how it works.

To liquidate a company within the first 2 years and before you file the annual report is normal, about 80% of all startups don't survive so unless you produce a million depth to the tax auth. there is no one going after you.

I agree, but as OP has aluded to, there must be part of his structure he has not told us about which I assume involved 2 or more structures already which I would guess are in Europe.

So unfortunately for OP they are going to have to spend money. Or take the risk but by the end of the year taxes will go up and governments are going to start to look to recoup the money they have handed out. It has already started in France and the UK.

digirider said:

What are reputable OTC desks in Dubai? How to connect with them?

The Huobi OTC Desk Advantage Maybe this is a good solution in Dubai. Setup a crypto trading company+business account and cashout through huobi otc desk. Any thought on this?

CaptK said:

I agree, but as OP has aluded to, there must be part of his structure he has not told us about which I assume involved 2 or more structures already which I would guess are in Europe.

So unfortunately for OP they are going to have to spend money. Or take the risk but by the end of the year taxes will go up and governments are going to start to look to recoup the money they have handed out. It has already started in France and the UK.

Could you elaborate more precisely on what's happening now in France and the UK ?

Taxes are being recalculated, local, ownership, resident, business and government taxes.

We will find out the mess come the Spring