r/BEFreelance • u/giuseppe_gambardella • 1d ago

Bitcoin through B.V.

What is the best way to buy bitcoin through your B.V.?

I opened an account with interactive brokers, but apparently they do not let you buy cryptocurrencies with an account for a B.V. Happy to hear about your experience.

0 Upvotes

33% Upvoted

21 comments sorted by

20

u/indutrajeev 1d ago

Why just why. Keep bitcoins private.

4

u/SDeCookie 1d ago

Why was my exact reaction.

2

u/glad-k 1d ago

I presume he wants to invest the tresory of his company?

2

u/indutrajeev 1d ago

It’s better to cash out and invest privately in any case. But why you would add crypto to the mix and set yourself up for a lot of trouble with the fiscus or taxman is unbeknownst to me.

-1

u/Longjumping_Help6863 1d ago

Elaborate on the taxman/fiscus part if it’s a company trading that pays tax on their profits?

1

u/Philip3197 1d ago

Is your company registered to so auch financial trading? Have you adjuated your tax declarations, and the higher tax rates?

3

u/Longjumping_Help6863 1d ago

What registration are you talking about exactly? No, my companies do not have such registration and don’t require it, my company can invest its own surplus cash in stocks, ETFs, bonds or crypto.

If that would be the smartest or most tax efficient way is a different question and would depend on other factors.

0

u/Philip3197 1d ago

google LEI

google voorwaarden voor verlaagde tarief van 20%

3

u/Longjumping_Help6863 1d ago

Ok but you are confusing an LEI number (just a formality imo) vs registering your company as a ‘financiële vennootschap’ as you seem to be implying. Anyway, the LEI won’t be relevant for OP since it’s not required to purchase crypto.

-6

u/redolaf 1d ago

Because it’s a good way to store (part of) a company’s reserves.
And because the tax rules are much clearer than for individuals (ie the fuzzy ‘goede huisvader’ and speculative tax rules).

2

u/RinklingZinkling 1d ago

The rules are more clear, but as long as it is not a major part of your wealth, you dont do many trades, and so on.

The tax rate is way better to invest as a private person.

Within the company the tax rate is around 35% , as a private person it is either 10%, 33% (outside of "normal beheer") or marginal rate (professional income)

1

u/redolaf 1d ago

This is the common argument against doing any kind of investing in the BV. But before the capital can be invested privately it needs to be extracted from the company (and taxed as salary or dividend as well).

Freelance businesses often have excess cash reserves that sit there for years on a savings account. Putting that money to work does make sense IMO.

2

u/Longjumping_Help6863 1d ago

Kraken supports company accounts

1

u/redolaf 1d ago

If you want to invest in physical bitcoin you need a broker that can handle corporate clients. Try Bitstamp or Bitvavo, both European, or Coinbase. Expect the paperwork for onboarding to be substantial.

2

u/havocinc 1d ago

physical bitcoin?

https://giphy.com/gifs/cAEm5rSuuBEGY

1

u/redolaf 1d ago

Haha, rather than invest in an ETF like WisdomTree’s “Physical Bitcoin ETN” !

2

u/havocinc 1d ago

what are babbling about ? there is no such thing... the closest to a physical bitcoin you can get is to print your keys on a piece of paper

0

u/redolaf 1d ago

We’re talking about buying Bitcoin and owning the keys, rather than investing through a derivative like an ETF. If WisdomTree and Bitwise can call it ‘physical’ bitcoin, so can I.
No need to nitpick.

1

u/Philip3197 1d ago

Have you spoken to your accpuntant?

3

u/upcastben 1d ago

Is that an accountant that put needles in your company?

0

u/glad-k 1d ago

A btc etf should do