JOHNNY DOETHE LIFE WHISPERER

Best company for crypto asset protection, no capital gains and no auditing/filing/reporting/accounting requirement

a40ba385f84d46b9582baa918

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a40ba385f84d46b9582baa918New MemberAuthor
Joined
Sep 2021
Messages
9

#1

What is the best country for incorporating a company that can hold/trade my crypto assets and provide me asset protection from Spanish government?
I need:
- no capital gains tax (i want to trade, ideally using centralized exchanges to do arbitrage and high frequency trading)
- no auditing, filing, reporting, accounting requirements, I want to be able to spend money whenever I want without having to ask to an accountant if I can do it or not
- Ideally I want an anonymous/company crypto debit card to cash out small amounts (e.g. 5k per month) to live my life in peace.

I also need to use this company to receive a 100k payment from Singapore from a legit company for legit work I recently did. Or it is better not to mix them?

dryskyNew Member
Joined
Jan 2021
Messages
44

#2

A UAE / Ajman setup sounds like what you should get without CRS reporting.

a40ba385f84d46b9582baa918New MemberAuthor
Joined
Sep 2021
Messages
9

#3

drysky said:

A UAE / Ajman setup sounds like what you should get without CRS reporting.

is residency mandatory? i live with my family in spain, so i can't move my fiscal residency cause my kids are going to school there

dryskyNew Member
Joined
Jan 2021
Messages
44

#4

a40ba385f84d46b9582baa918 said:

is residency mandatory? i live with my family in spain, so i can't move my fiscal residency cause my kids are going to school there

No. I have several UAE companies thanks to @Gediminas and didn't have to set a foot into UAE. Can highly recommend him!

NotsofastNew member
Joined
Nov 2021
Messages
13

#5

drysky said:

No. I have several UAE companies thanks to @Gediminas and didn't have to set a foot into UAE. Can highly recommend him!

I take it that you don't have any banking facilities due to personal / company substance ?

Would also be interested in getting @Gediminas perspective on this matter.

Thanks for your comment @drysky

dryskyNew Member
Joined
Jan 2021
Messages
44

#6

I do have bank accounts for the UAE companies but obviously not in the UAE.
As the old saying goes ”˜don't sh!t where you eat' ;)

NotsofastNew member
Joined
Nov 2021
Messages
13

#7

That's sounds very interesting as a structure. Will ding into it further.

a40ba385f84d46b9582baa918New MemberAuthor
Joined
Sep 2021
Messages
9

#8

I was considering either BVI (because accountancy is basically not needed, but then it's harder to open a decent bank account) either Dubai
What are the implications considering I'm resident in Belgium and I'm about to move to Spain (I will be applying for SETR/Beckham Law).
I don't have the full picture about CFC rules and how corporate tax from low/zero foreign companies happens.
In that case, I have to pay the full belgian/spanish corporate tax or not?

uplanaFake user - Alias of JohnLocke
Joined
Apr 2009
Messages
2,704

#9

drysky said:

No. I have several UAE companies thanks to @Gediminas and didn't have to set a foot into UAE. Can highly recommend him!

Did you get UAE company and EMI in Dubai without traveling? @Gediminas

dryskyNew Member
Joined
Jan 2021
Messages
44

#10

uplana said:

Did you get UAE company and EMI in Dubai without traveling? @Gediminas

The companies are based in Dubai. The EMI's are not.

pestoFake user - Alias of JohnLocke
Joined
Jan 2011
Messages
621

#11

wonder why @Gediminas or @Fred not enter the room ?

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