I have been a resident of Cyprus for a month. In April this year, together with an accounting and tax office, I opened a Cypriot company LTD in the real estate sector. The company's activity will be the sale of renovated real estate (flipping).
The share capital of the company is crypto, around 500k usdt. I would like to convert it into FIAT currency and withdraw most of it to private bank accounts. In the company, I want to leave about 150k euro for running my business.
According to the suggestion of the accounting office, I have to convert crypto to FIAT on the EMI company account or on the cryptocurrency exchange. Then I can transfer it to my private account.
Regarding the source of the funds, it is all legal. The problem is to show you exactly every crypto operation from 2017 to now. There were too many transactions.
So far, I have opened a company account on Kraken and Advcash. On Advcash, I can transfer euro from my company account to my private one, I cannot do it on Kraken. Regarding Advcash, I want it to be a backup option.
I would like to transfer euro from Kraken to a company bank account or a trustworthy EMI. I was thinking about transfers of around 25k a month or more.
I would like to use a company account at a bank later to transfer my salary and other company costs. I would also like to keep some of the funds there long-term.
Which banks and EMIs do you recommend for corporate accounts for transfers from Kraken?
I also need a bank that makes transfers to third parties. I would like to transfer these funds to banks that are not related to crypto. I also care about low transaction fees.
Maybe you have some other ideas on how best to cash it out.
Thanks in advance for your help.
The share capital of the company is crypto, around 500k usdt. I would like to convert it into FIAT currency and withdraw most of it to private bank accounts. In the company, I want to leave about 150k euro for running my business.
According to the suggestion of the accounting office, I have to convert crypto to FIAT on the EMI company account or on the cryptocurrency exchange. Then I can transfer it to my private account.
Regarding the source of the funds, it is all legal. The problem is to show you exactly every crypto operation from 2017 to now. There were too many transactions.
So far, I have opened a company account on Kraken and Advcash. On Advcash, I can transfer euro from my company account to my private one, I cannot do it on Kraken. Regarding Advcash, I want it to be a backup option.
I would like to transfer euro from Kraken to a company bank account or a trustworthy EMI. I was thinking about transfers of around 25k a month or more.
I would like to use a company account at a bank later to transfer my salary and other company costs. I would also like to keep some of the funds there long-term.
Which banks and EMIs do you recommend for corporate accounts for transfers from Kraken?
I also need a bank that makes transfers to third parties. I would like to transfer these funds to banks that are not related to crypto. I also care about low transaction fees.
Maybe you have some other ideas on how best to cash it out.
Thanks in advance for your help.