Updated 9 October 2026BG-EXPERT

BRIDGES expert

Dmitry Nagy

International Tax Consultant, BRIDGES

I work out a family’s taxes before the move, not after: where the tax residence will be, what happens to dividends, pensions and a business sale, and how the money reaches the account without being blocked. Fifteen years in international tax, at BRIDGES since 2018.

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Dmitry Nagy, International Tax Consultant, BRIDGES

15 yearsin international tax and banking compliance

since 2018at BRIDGES, tax and banking side of every matter

BudapestBRIDGES head office, four years in Cyprus before that

4 languagesHungarian, Russian, English, German

Path

Budapest, Limassol

Budapest, Limassol. First the tax department of an international audit firm, then a family office in Cyprus, now the tax and banking side of every BRIDGES matter.

1984Budapest
Born in Budapest to a Hungarian father and a mother from Moscow. Two languages at home, so I understand clients from Russia, Kazakhstan and Belarus without an interpreter.
2002-2007Budapest
Faculty of economics, specialising in tax and international finance. Thesis on tax treaties between EU and CIS countries.
2007-2014Budapest
Seven years in the tax department of an international audit firm: tax residence of private clients, foreign dividends, business sales. This is where I learned to count tax along the whole chain of money, not by the rate alone.
2014-2018Limassol
Tax adviser to a family office in Cyprus. Non-Domicile status, accounts in Cypriot banks, source-of-funds evidence for banks that have checked every client since 2013.
2018BRIDGES
Joined BRIDGES to run the tax and banking side of matters: before a residence or passport application, work out where the client will pay tax and how the money will pass the bank’s compliance.
TodayBudapest
Works at the BRIDGES head office. Every matter with dividends, pensions, a business sale, crypto or a payment from a country whose banks Europe will not accept directly goes through him.

Approach to cases

Six rules that do not depend on the country

Six rules Dmitry applies to the tax and banking side of every matter.

01Taxes are counted before the move
Once the status is granted it is too late to change things. Where the residence will be, which income and at what rate - we work it out before the first payment.
02Residence follows facts, not the passport
Tax residence is decided by days, home and centre of interests, not citizenship. So first a plan for the year, then the status.
03The account is opened around the money’s story
A bank looks at where the money came from and how it travelled. We document that story in advance, so the transfer does not get stuck in compliance.
04No grey schemes
Only legal regimes and tax treaties between countries. The solution has to stand up to scrutiny five years from now.
05Simpler than it looks
The fewer companies and countries in a structure, the fewer questions from the bank and the tax office. We build complex only when there is no other way.
06Every figure has a document
Income, dividends, a business sale, crypto: every amount in the file has a paper the authority or the bank accepts.

Talks and media

Conferences and meetings

Dmitry speaks at private wealth and tax conferences: tax residence, banks and source of funds. You can book a meeting in advance.

Upcoming conferences

Dmitry online

BRIDGES on Instagram BRIDGES on LinkedIn BRIDGES YouTube channel

Beyond work

Numbers, cycling and Balaton

At BRIDGES I handle everything that involves money: tax, banks, transfers. What I love most is when a client arrives convinced they will have to give away half of what they earned and leaves with a legal plan and a clear figure on one page.

I grew up between two languages and two kitchens: my father’s Hungarian one and my mother’s Moscow one. I live in Budapest with my wife and two sons. We spent four years in Limassol, and the boys still ask to go back to the sea at least for the summer.

Weekends mean cycling: a loop around Balaton in summer, the Buda hills in winter. I love chess and a good tax puzzle, which are almost the same thing. Once a year we take the family to a country where our clients have a new home and see it through their eyes.

TaxBanksBudapestCyclingChess

Situations

What people come with

These are the questions clients most often bring to Dmitry.

Where to pay tax after the move: tax residence Preferential regimes: Cyprus Non-Domicile, Malta GRP, Italy’s flat taxForeign dividends, pensions and interest without extra taxSelling a business or a stake before and after changing residenceThe bank blocked a transfer or will not open an account A payment from a country whose banks Europe will not accept directlySource-of-funds evidence for a programme Crypto: how to show its origin to a bank A company, trust or foundation: is a structure needed at all

Case stories

Four matters in Dmitry’s own words

How Cyprus Permanent Residence and Non-Domicile Status Provided an Investor 0% on Dividends

Cyprus · PR and tax

Zero tax on dividends, legally

Gennady Petrovich is over seventy and holds a large international portfolio. The task was simple: pay less tax on worldwide income, legally. No problems with the money, pure planning.

We linked two steps: Cyprus permanent residence through a new villa in Larnaca, and Non-Domicile status. Residence was proven with facts, not just a residence card, and only then were the first dividends paid out.

Outcome: Cyprus PR and 0% tax on worldwide dividends and interest for 17 years

Read the full case

How a Pensioner Reduced Withholding Tax on Foreign Pensions to Zero via Malta GRP

Malta · tax residence

A pension that arrives in full

Vladimir saved for forty years in UK and US pension funds and paid tax while he earned. After the move, part of his pension was withheld again before the money even reached his account.

We arranged Malta’s GRP status and a tax residence certificate, then applied the tax treaties between the countries. Each fund received its own set of papers, and the withholding was lifted.

Outcome: Withholding tax removed, the pension arrives in full

Read the full case

How to Pay for Hungarian Residence Permit When Direct Payment Fails: Transit Through a Turkish Bank

Hungary · residence

A transit where every coin is visible

Rustam’s money was clean, but his bank could not get through to Europe directly: payments bounced back. Routing through Turkey was possible, but he feared the transit would look like laundering.

I built the route so that at every step it was clear whose money it was and where it came from: contracts, statements, bank letters. The Hungarian side received the whole chain before the money arrived.

Outcome: The payment arrived, the investment and Hungarian residence completed

Read the full case

How Income from a Delaware LLC Was Confirmed for Cyprus Permanent Residence Using Official US Forms

Cyprus · PR

Income no one issues a certificate for

Ilya, an IT architect from Minsk, lives on dividends from his Delaware company. The Cypriot department asked for official proof of income, and nobody issues a dividend certificate for a US LLC.

I knew which US tax forms prove it: the 1040-NR return and form K-1. We prepared them, apostilled them for Cyprus and added them to the file with a plain-language explanation.

Outcome: Income accepted, Cyprus PR within a few months

Read the full case

Reviews

What Dmitry’s clients say

Client reviews from matters Dmitry ran: who the client is, where they are from, which programme - and a link to the full case.

BRIDGES client reviews

VladimirBRIDGES client

Bulgaria · Citizenship

I needed to work with assets through EU banks, but compliance kept complicating matters - the issue was status, not fund legitimacy. Dmitry found the solution in my heritage: my mother from Crimean Bulgarians, which is grounds for EU citizenship.

Read the case

KhasanBRIDGES client

Cyprus · Residence permit

I simply needed Bank of Cyprus accounts for business, but the bank refused due to my Lebanese passport—KYC did not pass. Dmitry explained that fighting the bank directly was pointless and proposed a smart approach: first the Permanent Residence.

Read the case

AnnaActive Investor

Egypt · Citizenship

I invest through brokers and crypto exchanges, and at some point they simply began blocking me—not for anything, but because of my citizenship. My capital is clean, yet access is closed. Dmitry explained that arguing with platforms is futile; you need to change your status—get a second passport.

Read the case

All client reviews →

Materials

128 materials written by Dmitry

BRIDGES knowledge base materials signed by Dmitry: tax residence, preferential regimes, banks and source of funds.

Showing 20 of 128

BRIDGES sections

Where this practice applies

Residence by investment Citizenship by investment Opening bank accounts Source-of-funds review Client cases How BRIDGES works

Team

Who runs the work alongside Dmitry

A matter is never run by one person: the legal position, the filing, the documents and the work on the ground each have a named owner.

Anna KovalevskayaHead of LegalLegal position and the file for the authorities

Nikos PappasBanking Relations SpecialistOpening accounts and correspondence with banks

Klara RihterHead of Compliance and Due DiligenceCompliance and source-of-funds review

Yan NovakWealth Structuring AdvisorAsset holding structures, when they are needed

All BRIDGES experts

INITIAL ASSESSMENT

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We will design a solution for your case, choose the country and the right status, and take the whole process through to the result.

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Anna Kovalevskaya, lead lawyer at BRIDGES GLOBAL

Anna KovalevskayaLead lawyer, citizenship and residency, 12 years of practice