Hello everyone,
I am a resident of Canada and I just found this site. I have been involved in cryptocurrency since 2011. I have been taking a bit of profits and paying capital gains taxes on my withdrawals for the 5 years. The problem is, 2018 is going to be a big for me because I have some investments that I expect to 10x in value. If I proceed with active trading the gains are getting to be so much that they are really going to cut into my bottom line.
I would like to incorporate offshore somewhere so I can trade in a companyโs name and then pay myself a wage through that company that I can pay taxes on. What would be the best location to do so?
I have looked at Hong Kong because I am in the area fairly often (living in Phuket now) but it seems that there are a lot of hidden costs to the 0% tax rate according to this thread:
Would someone be able to offer advice or point to someone who can?