How to Get 5% Tax on Your Crypto!

If you're involved with cryptocurrencies – especially if you've made significant profits from them – you've surely noticed that in Greece, you can't declare them and legally hold your money.

Some declare them as capital gains from stocks, others as intangible securities, and so on.

However, all of the above are essentially illegal, and even if you pay 15% tax, you still risk being non-compliant in an audit!

So, what can you do to legally hold your crypto profits in Greece?

Of course, you can form your own company in Wyoming and bring your crypto profits in as corporate dividends, with a tax rate of just 5%.

Let's take a closer look!

Advantages of forming a company in the US

Forming a company in the state of Wyoming offers incredible advantages, including zero corporate taxation, provided 3 conditions are met:

1. You do not work from the US
2. You do not have employees
3. You do not have offices/warehouses in the US

If these conditions apply, then both federal and state taxes will be zero for all your profits!

Company formation is immediate, within 24 hours by Growth Business, and you can quickly open your company's bank accounts to start your transactions.

How to trade in the company's name

Once we establish the company, we will designate your cryptocurrencies as its capital and "transfer" them to the company's name.

For example, if you have 1 bitcoin and 1 ethereum, we will state in the Operating Agreement that you are contributing these 2 assets as capital to your company.

These will now belong to your company, and you can trade under your business name, not your personal one.

How to transfer your profits from the company to your personal account

Any profits you make from cryptocurrencies can be transferred to your personal account as a dividend.

All crypto profits will now be considered business income, and you receive it as a dividend – just as applies to any other activities of your company.

This way, you transfer profits from the corporate account to your personal account and declare them as a dividend in your country of tax residence.

Download the free PDF guide for companies in the US!

How dividends are declared in Greece

Dividends in Greece are declared on your personal tax return. The dividend tax is 5%, which you pay to the Greek tax authorities when you file your annual return.

That's it! Your cryptocurrency profits are now legally in your account and taxed, ready for you to use as you wish!

Check out our services for company formation in America from Growth Business and download the free PDF guide which contains all the information you'll need for a company with zero corporate taxation!