Cyprus Category F - Easiest 0% Tax EU Permanent Residency
HTML-код
- Опубликовано: 9 сен 2024
- Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: calendly.com/m...
You can visit our websites for more information about us: offshorecitize... & www.offshoreca...
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
/ @offshorecitizen
The thumbnail picture is killing me :D
Hey this is an amazing option! Cyprus is really crushing it. They are really business friendly & foreigners friendly.
Also, happy to see this channel thriving! Good job!
I wish you would put links to all the related videos that you mention in each of your videos. It would boost the viewership on your channel I'd say.
Your channel is thriving Mike, good job.
Thank you!
I appreciate your support!
If there's anything you would like to see in the future, comment below
@@OffshoreCitizen Id be interested to hear more about you, your background, the structures you put in place for your tax optimisation, investing, residency etc, would be interesting to a lot of people I feel. Also maybe some case studies of clients you have
:-) AS ALWAYS, ONE OF THE FIRST WATCHERS OF UR VIDS! 🙏👍
Thank you for the support!
Any suggestions for the future videos?
@@OffshoreCitizen what's about strategies for germans for tax saving?
@@OffshoreCitizen :-) Welcome. Could you pls share email address to which I can send PowerPoint pitch deck of my US business? As I'm seeking investment to grow the busnss and setup GHQ in either Cayman, Ireland, Cook Islands? I lived 8yrs in the US, 10yrs in UAE Qatar Saudi. Single, 40yrs. Regards, Max, www.linkedin.com/in/maxusaindia
We've already covered that one, you can check it out here ruclips.net/video/0QVpWbXUB6E/видео.html
Hey Max, thank you for reaching out! You can send your pitch and contact me here www.offshorecapitalist.com/
Just a little detail, Cyprus is not Schengen zone yet.
True, this is important to note.
So you don't get access to Schengen by having residency in Cyprus? I thought it was one of the main reasons why someone might be interested in it?
@@leandrog2785 Yes, north Cyprus are Turquey, Southern people speak greek but they are autonomous, they have a independent administration and soverein.
Thank you so so soooo much for the info...
You're welcome! Always a pleasure.
Anything else you'd like to see?
Thnx 4 the offer...the amount non resident business owners will be collectively paying in tax; on whatever country you're featuring in ur vids.
But it's better to contact u personally isn't it 😁
Are the tax rules and non-dom rules,as well as the company formation rules the same on both the north (Turkish) and south (Greek) sides of the Island ?
great info! ty
You're welcome!
Any videos you would like to see in the future?
@@OffshoreCitizen foreigner owned US LLC taxes and countries with little tax for business operation is good. By the way do you think Latvia is bad for operating the business in? If for example you open an LLC in US and are exempt from taxation there. Also interested in Hungary but I believe it's more expensive to setup there. Maybe countries with fast company approval for foreigners with little setup costs?
Thank you for the suggestions! We'll add them to our list and explore the topics. We've already covered Hungary, you can check out this one ruclips.net/video/FZgcLrRtpTk/видео.html
Ive heard Portugal has no tax on crypto. Do you think this will be a fact going into the future ? Also, can you explain how to open an acc there as a non portuguese citizen ? I am already in the process of getting my NIF but I have no idea which banks are good.
Yes it is probably going to change next year according to what I've heard from people close to the government. Not guaranteed but there's talks of that.
As for opening an account yeah you need the NIF and then there's a few banks that are friendly, more if you're in person.
If someone owns a car in Cyprus and wants to take it to Europe for 6-9 months, how does that work with Schengen etc?
hey mate, this is good but what low tax Schengen jurisdictions would you recommend for someone with no assets and $50 to $100k / year online business income?
Have a look at Portugal with NHR.
When you're in that income bracket there's often low tax regimes that can apply. For instance I did a video on the Slovenia program, which is pretty good. But generally under 100k/yr there are plenty of options especially if you work through a company like say in Estonia.
Michael, what about working online while there with clients who are located outside Cyprus? That would be a way to work while in Cyprus.
Yes, as long as it's a foreign company
If i'm in the UK, and set up an offshore company and bank account, say in Gibraltar or Seychelles, with no tax or dividend tax. Would it then be some sort of taxed coming into the UK, from the offshore bank account to my personal account, or not?
Do you have to buy a house, or can it be just a property……
Does this way lead to citizenship in the future? If so what's the stay requirement? Thanx in advance ☺
Do they speak english in cyprus? Portugal might be less hassle for this reason but id eventually learn the language anyway
Yes they do, almost everyone speaks English in Cypus so now worries about language barrier.
@@OffshoreCitizen remember: only in Republic of Cyprus, the southern part. the turkish part is off limits still.
Yes we do
Hey Mike would you be able to do a video regarding Northern Cyprus? Seems cross border with south is easy and cost of living is quite a bit lower in the North. Maybe related to residency or how one can move between the two jurisdictions to take advantage of different benefits. just a thought
Definitely an interesting idea! Thank you for the suggestion. I've added it to the list
Nice video. Cheers 👍
Thank you!
Any suggestions for the future videos?
@@OffshoreCitizen Hey, it would be nice to hear about best places and structures in EU for fully remote contractors making 100-200k a year
@@OffshoreCitizen Maybe advice about cashing out from current country if denouncing citizenship in exchange for a tax free country. Also, do you accept crypto for your services?
@@grexlort We'll add it to the list and explore the topic. Thank you for the suggestion!
@@fair98fair Added to the list, as well. Thank you!
I do accept crypto. If you want to book a call, here's the link calendly.com/michael-rosmer?month=2021-03
Michael, can you buy a property in Cyprus and live there while your application is being processed if it takes so long? Or, do you have to wait for your application to be processed to get a resident visa?
You will get your residency once the process is finished. In the meantime you can stay there as long as your passport/visa allows you.
In case you need any help, feel free to contact us!
Does Maltese MRVP has the same requirement to maintain permanent residency (i.e. visit every two years)? Also, which country has better reputation/law system (Malta or Cyprus)?
With the MRVP you go straight to permanent residency.
The situation in Cyprus is more complicated, considering the issue of North and South.
@@OffshoreCitizen Yes, MRVP is in my short list after liquidity event :) I want to get Saint Kitts and Nevis passport and MRVP. But in subsequent years I want to quit my current citizenship after I test my Kitts and Nevis passport for few years. So ideally I want MRVP to be for my Caribbean passport. However if I apply for Kitts and Nevis passport, it might take up to a year in some cases before I get actual passport. During this period, Malta might abruptly end its MRVP (and we seen last year how fast Cyprus ended their program). So I think it might make sense to apply simultaneously for both MRVP and Kitts and Nevis passport and then transfer MRVP permit into Kitts and Nevis passport. What do you think about this plan?
Nice video man. This program may be just what i need. So basically buy real estate, show 30K euros in income. I can trade stocks/invest from Cyprus tax free? (Individual not LLC/corporate structure?). No limits within schengen area aswell which is nice.
Cyprus is not part of the Schengen Area. Therefore, residency permits from Cyprus do not confer ANY rights to enter or stay within the Schengen Area for any individuals which do not hold EU citizenship or a valid passport from a country which already allows visa free travel to the Schengen Area. I.E. if you needed a visa to enter the Schengen Area before, you still will after securing the residency permit.
@@lucasbridges8082 thanks for the clarification
Lucas is right. This one will not help with Schengen access if you already don't have it.
Italy has a potential new low tax regime, if you have the means you can negotiate your taxes ... could you do a video about this please? thanks !
We will add it to our list!
Thank you for the suggestion! If there's anything else you'd like to see, let us know
Italy is good only for watch touristic places, eat, dress and in general to buy many goods...but is absolutely to avoid if you decide to invest or to get residency... it's really a nightmare also for Italians happy to escape by this country when they can and considering the huge amount of expatriates already gone away, Italian government is trying to propose new taxation regimes which in reality do not exist...The new proposed amendment regarding 15% taxation is not true, because this is referred only to the basic one, after you have to pay the mandatory Ilor and Ires which haven't any reduction (both in combination are another 12%) and is not enough...in Italy when you create a company, you have to put in count that the government should consider your business under such categories and per each of them they apply a minimum tax also if you haven't yet started your business....In few words the total 42% basic taxation with this new law is reduced of only 5% till such yearly turnover limits...after start again a basic 42% till 61% if you gain good money.... don't believe?Go in Italy, invest there and when you loose your money then you will remember this post
Have you ever considered a video for us people with criminal records? All the research I've come across is the standard criminal record check. If their isn't any countries are there countries that are more open in that regard into allowing that or are there strategies that we should be considering such as setting up businesses there to employ locals rather than just the standard citizenship via investment
Unfortunately criminal record is a huge impediment when it comes to residency & citizenship in another country. How big of a problem is it will depend on what kind of criminal charges one had. For example some South American countries may be open to people with criminal record, as long as it’s not something they consider serious. This is a very broad topic and will totally vary from country to country. Some places won’t touch people with a record, while others will be more flexible.
It’s a good idea for a video, so might talk about the matter in the future. Thanks!
@@OffshoreCitizen Great I'm sure it will be of benefit to many people thanks legend
Can you move there as a UK citizen without buying property?
Always great content- awesome channel
Thank you so much!
We are glad to hear you're enjoying it!
If there's anything you'd like to see from us in the future, let us know!
@@OffshoreCitizen Can you do a video on precious metals purchase and safe storage as part of crypto exit strategy? Best jurisdictions? Self-deposit vs allocated storage? Insurance? Access? Estate/inheritance issues?
Thank you for the suggestion! We'll add it to the list and explore the topic
do one on France
Do video on North Cyprus
Hey mike , how is it possible to get loan in Cyprus?
0% - but lets not forget the TAX BAIL IN of 2013... Lest WE Forget, anyone that had more than 100k in their bank accounts got a haircut
Does investment accounts was safe or they sold your stocks?
Hi, I am interested in the Turkey CBI. But, I'm also interested in Northern Cyprus. I was thinking that getting a Northern Cyprus citizenship is a back door into getting a Turkey citizenship. I haven't found anything on this.
Turkey has one of the best CBI programs! You can check our video about it here ruclips.net/video/KHGkuEWsqzA/видео.html
If you have the ability to invest, it's definitely a better option.
Lots of abouts and approximates, can you not state the actual figure?...
Is there a minimum number of days requirement in Cyprus for this residency?
I already have EU citizenship, will not spend more than 2-3 months in any country, this could be a good option
The important question for you would be: what are you trying to achieve by getting this residency?
If it’s for tax purposes, you’d need to spend 60 days per year there, plus you wouldn't be able to hold residency anywhere else.
To maintain this visa, you don't need to live in Cyprus. The minimum requirement is one day every two years.
Since you're already an EU citizen, you technically don't need this visa.
Again, if you want to set up residency in Cyprus for tax purposes, you would actually have to spend some time there.
In case you want detailed advice on your specific situation, feel free to contact me calendly.com/michael-rosmer/offshore-citizen-30-min?month=2021-05
@@OffshoreCitizen Aha, makes sense... My thought was concerning taxes. Thank you for clarifying
I understand you can’t work there full stop. So is it for retired people only?
You can retire at any age as long as you are financially independent
sounds really good aye. i want to sell crypto there to get a residency
Bad location. Crypto is grey area in Cyprus so it's not good for crypto because companies are paying corporate taxes on profits to play it safe there.
Is this still valid today?
Which "Cyprus" ? Turkish Cyprus? Or Greek?
Two different countries but same island.
will the usa let me renounce with student loan debt?
Yes. Your student loan is a private debt, so it does not affect your ability to renounce.
Owning money to the IRS would, of course, be a whole different story
That sounds good for people with kids as those need to go to school and hence be in one country more then 183 days.
Or are there better programs for that?
Great content btw.
is Cyprus crypto friendly?
Relatively yes
Is this zero tax forever?
Only for 14 years
Hi. Is cyprus the only euro country that offers this kind of visa? Are there other euro countries that has similarities to this? Can you do similar videos for such countries?
There are other similar ones I've covered a few in previous videos
@@MichaelRosmer noted with thanks. Will chk them out. Stay safe.
Which side? Greek or Turkish?
The Turkish side is officially recognized only by Turkey, so all the laws apply to the island as a whole.