Post
Topic
Board Legal
Re: Best County for Crypto Startups?
by
tulpe12
on 15/01/2019, 23:23:54 UTC
Germany

-good only for private purporses ( buy hold and sell )  if you hold your coins more than 12 months your profit is tax free, if you sell within 12 month and your profit is +801 euro you pay taxes ( between 15-45% )
- crypto companys pay automaticly taxes of at least 25%
- mining is falling under the law of business = pay taxes of +25%

but its a stable country, not to be afraid of getting scammed by any point of view. However startup for exchanges need a bank license anyways.



Netherlands:

- good for private purporses ( buy hold sell ) , no taxes but you pay neverless a fix tax per year on your crypto ( 1-5% )
- good for cypto startups , but you need to know which kind of legal business you want to open


latvia:

- right now they have no law of regulating bitcoins due to taxes, so all incomes are tax free! They plan to do a fix tax of 13% no matter how much you do as profit its fixed! less paper work!
- open a SIA ( company ) cost you only 2500 euro ( can pay in 1 time payment or 50% first year and 50% second year )
- low taxes on business average 10-17%
- if you generate 300.000 Euro within 1 year you can also get a permit resident card and apply for a citizienshoip after 5 years