I am just starting the process. Will let you know how I get on
Discussion
was talking to saverio. he told me to schedule a meeting with the minotaur guys.
did you already passed that point.?
Nope. Not got that far. I am think about what allocation I am happy to risk. Will setup a trading company I think
Once I am happy with the risk I’ll iron out the details
I’m not willing to risk any of the BTC I have in cold storage. Instead, I’d rather buy $5,000 worth of BTC and use that as collateral for trading.
As for setting up a company, it really depends on whether you plan to stay in your current country or move elsewhere. I recently learned that if you set up a company in, say, Italy and you’re the director, but then you move out of the country, the company could be considered as having shifted its central management and control outside of Italy. In that case, Italian law may treat it as a change in tax residency, and an exit tax could apply.
So ultimately, setting up a company should align with how you see your future playing out.
thos exist taxes are a bad beast to tackle