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It's vital to differentiate personal income from corporate revenue. Operating merely as an individual without officially registering a company can still result in tax liabilities if personal income exceeds a certain amount. Therefore, even those with golden visas or individuals cashing in on real estate investments generating substantial monthly income may find themselves classified as a business entity by tax authorities.
Investment Gains—An Exception
While standard income from a business may incur taxation, there are exceptions. Gains from investments, such as trading cryptocurrency or selling real estate, are typically not subject to taxation. Capital gains from investments are also treated separately, allowing for more favorable tax treatment in these instances.