JOHNNY DOETHE LIFE WHISPERER

Crypto Trading Business

offshorebtc

replies
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offshorebtcNew MemberAuthor
Joined
Nov 2019
Messages
5

#1

Hi

I trade crypto professionally on both OTC/exchange platforms. Revenues are 75% USD, 20% EUR, 5% GBP.

Can anyone advise on the best company set up for this? I have no issues paying taxes, I just want to set things up in a legit manner.

ClipRecognized Voice
Joined
Feb 2019
Messages
619

#2

Depends on the country you are resident. Seems you get paid in fiat, in this case the platforms they are only willing to transfer the money to the original account holder. if you get paid in crypto the situation can change.

SpinatFake user - Alias of JohnLocke
Joined
Jan 2009
Messages
2,452

#3

If all is legit and you don't mind to pay taxes I would look into setting up a company in Switzerland, Malta or some of the Scandinavian countries like Sweden and use Kraken to transfer your profits to your bank account for that company.

offshorebtcNew MemberAuthor
Joined
Nov 2019
Messages
5

#4

Main thing is I need a onshore USD account, and so I may have to create a US company but sure which is best and the licensing may be an issue

JohnSeedRecognized Voice
Joined
Jan 2015
Messages
728

#5

Have you consulted Kraken, they may be able to help you somehow!

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