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Btw, I contacted accountants in Delaware and it looks like also there, they have to document everything and make it expensive if somebody makes many trade buy/sales actions. we would have to track each cryptocurrency transaction in order to accurately account for the buys and sells and ultimately any gain or loss on the sale of the cryptocurrency. So depending upon how much trading you do, the price could jump pretty quickly. It would also depend upon which exchanges you are trading on as some of them provide enough detail, while others do not making it cumbersome to account for. We would charge $75/hr to account for the transactions and to do a tax return anywhere between $1500 and $2500 depending upon the foreign report requirements. |
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And for 50 euros it's considered very well paid there.
In Estonia with 50 Euros it is difficult to have a meal at a restaurant. Prices are 3 or 4x times higer than in Poland. Prices are 2 times higher than in Italy. Much more expensive life than in the USA. It's really hard to believe that 50EUR is realisting. But I will try to get some info. |
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What about Delaware for US citizen ? I think it is the best option and Puerto Rico.
I am now searching info about Delaware. Seems promising. I heard a lot of "lovesongs" about barbados and thair attitude to crypto. Read about it. They are so open to crypto...
I'll read about it Estonia is a good country for this. Firstly because you can do everything online. All administrative papers can be done online and in English. All their websites are in English by the way. The country has digitalized every administrative procedure. They do provide support via email and quickly. Impressive if you ask me. You can use the English language they have no problem with. Secondly, you can apply to get the e-residence. It's the first country to introduce such thing. Basically, you become e-resident there, It's like an "internet citizenship". To apply you just have to pay a fee ($100 if I remember) With this, you can open a company and work remotely from your location without having to visit the country once. This is on the administrative side, for the taxes the country works like this: As long as the profits are HODL in the bank account you don't pay any tax. You pay the taxes if and only if: - you pay to yourself a dividend (which can be done only after 1 year of activity - you pay to yourself a monthly wage I am not sure when you pay a dividend but in the case, you pay to yourself a monthly wage they apply the rule 80/20 (80% for you, 20% for them as taxes) This includes social taxes, income taxes, retirements taxes and all the things around. You won't have to pay the income tax in your country (most European countries have an agreement with the country so people don't get "double taxed" in both countries) Their system is so clean and simple that you can't do a mistake. Once it's pay you're done, you won't receive a notification to say to you xxx$ is missing or anything else. Something to consider to pay less (not sure if it's considered as legal) Once you have a bank account with a Visa/Mastercard card, live your personal life with this. Pay bills with the card and consider it as expenses for the company  Do you have any idea about the accounting costs? |
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I wrote to several accountants in Malta and they shout out prices of thousands of euros per year.
They even charge 1000 euro just to open a bank account. That's crazy. They probably think that each trader is a big trader... but for small traders such costs can be several times higher than the earnings per year :/
I heard that there are companies in the USA that can do accounting for crypto for about 1000$ per year. If anybody knows something, please share. I'll keep searching though.
Thanks
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I am based in Central Europe and here for traders with many transactions it's a really hard life because we have to document each and every transaction, not only fiat-crypto / crypto-fiat, but also crypto-crypto. In exchanges there can be tens of such small transactions per days, in different exchanges... and to document them all (which means to find the value in local currency at the time of the buy/sell happened) is near to impossible, and the few accountants that do it take big money for every transaction. In few words it is much more expensive the accounting than the real earning.
I'm looking to open a company in some other country in the world where:
-I can open a bank account and company without having to live there
-Accounting is easy and hopefully much cheaper than here
-Better but not mandatory to have low taxes
Does anybody have some knowledge and/or experience and can suggest something?
Thanks in advance
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ups,just realized. Can a mod move the topic, please?
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Hello, new Windows 10 installation. First time run miner with no XOC: About 720 sol/s. I left it 40 minutes, still working fine. Then I isntalled XOC. Tuned the clock to +97. It was mining at about 799 sol/s. Good. Then I increased the GPU clock to 110. The drivers crashed, the speed went down to 0. Red errors appeared in the miner, and then a blue screen appeared. Rebooted. Now without XOC it works fine. When I turn on XOC I the speed goes down tremendously. See here. The red arrows indicate how the speed changed after I turned on XOC. Can anybody suggest me what's wrong? Why the speed decreases?  Then even if I set the XOC to the default settings or turn it off, the situation doesn't change. I have to restart windows to get the normal speed back again. |
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Hello, I have the following .bat: set "command=& .\multipoolminer.ps1 -username myusername-workername mynamecmultipoolminer -region europe -currency btc,usd,eur,pln -type nvidia -poolname miningpoolhub
-algorithm cryptonight,decred,decrednicehash,ethash,ethash2gb,equihash,groestl,lbry,lyra2re2,lyra2z,neoscrypt,pascal,sia,siaclaymore,sianicehash,sib,skunk -donate 20
-watchdog -switchingprevention 2 -minerstatusurl https://multipoolminer.io/monitor/miner.php" So... it have only this pool name: So why MPM is running such command??? Bin\Ethash-Claymore\EthDcrMiner64.exe -r -1 -mport -23333 -epool europe.ethash-hub.miningpoolhub.com:17020 -ewal myusername.mynamecmultipoolminer
-epsw x -esm 3 -allpools 1 -allcoins 1 -dpool lbry.mine.ahashpool.com:3334 -dwal 1JiCTd5Hn7cKeRLmexmvKRVmxi3Z6R2XLg -dpsw mynamecmultipoolminer ,c=BTC -dcoin lbc -dcri 20 -platform 2 I wanted only MPH... why is it using also ahashpool? |
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Hello, after the fork I managed to get the BCC in Bitcoin ABC. However I see they are in watch only mode already several months.  Can anybody help me? I am worried that if I lose this money, even if it is very little, I will be in trouble for next forks now that I am in the market with big numbers... Thanks |
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