- Joined
- Jun 2011
- Messages
- 3,970
RnK said:I guess Cyprus (12.5%) or Bulgaria (10%) are one of the best choices to make (correct me if I am wrong).
True, but you need to setup a real office with some sort of "real staff" in order to convience your local tax office that the company is controlled and managed in Cyprus (or Bulgaria) also a utility bill would be some good evidence.
RnK said:If I become an employee of my new company when I start living in Portugal this structure will not cause any problems?
Not if you setup the company as above mentioned, you will be employed as any other person. Just make sure nothing lead to you!
RnK said:2) With the CRS/AEOI up and running since last month how to prevent problems with my local tax office? Obviously I don't want them to know I have a company in Bulgaria or Cyprus, but as I will probably be the "Ultimate Beneficial Owner" how to prevent them tracking me? In case you suggest the Seychelles-Cyprus/Bulgaria construction please explain, as Seychelles is also on the CRS list?
Only way around it today is either a large and complicated Trust / Trustee structure or Foundation, managed accounts through a Trust or setting something up through DARKS or a middleman!
On the other hand, I would wait to open any bank account until you moved to Portugal and know that you can apply for the NHR and don't get complication through such a setup.
I have no knowledge about Bulgaria other than it's not the favorit jurisdiction large investors move to.
Cyprus is usually 3500 in total for accounting and tax report / financial report. up to 80 invoice per year.

