Archive for March, 2009
Cyprus Company formation gives you several possibilities which you can’t archive if you form a regular company. With a Cyprus company you will be able to incorporate anonymously which means your name will not appear in any company register even not in Cyprus.
Cyprus Company will give you more, a Cyprus company Formation will make you able to conduct business offshore but still have a European Company, which makes it much easier for you to obtain additional services but which also will give your Cyprus Company a good portion of trust from the beginning.
A Cyprus Company formation isn’t difficult, you will complete the process in 3 easy steps and you only need to provide a limited number of documents to get started, which are, a utility bill and a copy of passport, that’s all. Once you send your application to us, we will incorporate a Cyprus company for you, or you can choice a Cyprus shelf company if you like. A Cyprus Shelf company is an already registered Cyprus Company so you do not need to wait for the registration to take place.
A Cyprus company can give you the possibility to open a Cyprus bank Account which can be of great benefit if you are going to conduct business and need your customers to pay you by Wire Transfer. When you choice to make your Cyprus company formation anonymously you will at the same time have a anonymously Cyprus bank account.
A Cyprus Company is perfect if you are looking for a place to form a company where you don’t have to pay any TAX, archiving a 0% TAX with a Cyprus company is easy, you just need to have a foreign shareholder and director and your Cyprus Company will from that point be considered as International Business Company which is subject to 0% TAX.
A company in Cyprus is the only type of company which can archive all this benefits compared to any other country or company formation.
Do not look any further, contact CCLOGIC.COM for your Cyprus Company Formation, beside the Cyprus Company services we also offer the opening of Cyprus bank Accounts and additional other services.
You will find many companies which are into the Offshore companies formation and which will tell you to incorporate in for instant an non offshore jurisdiction which is absolutely worthless or they will incorporate a offshore company in an jurisdiction like Gibraltar which isn’t an offshore jurisdiction any longer.
If you decided to become an offshore company and have a good amount of services to choose from in regards to the offshore banking services which you sooner or later will need then go for an Offshore Company which is incorporated in a real offshore jurisdiction. Once your offshore company is prober incorporated you will need to find out which offshore banking services you will have available for your offshore company.
Many offshore companies will need an offshore bank account which easily can be opened with the same incorporation services you used to incorporate your offshore company. Many offshore companies formation are done without to open the offshore bank account which is absolutely a big mistake, don’t be fooled into any offshore incorporation service which fail to open a bank account for your offshore company. It will make it much more expansive to get an offshore bank account later on.
Offshore Banking services you find with a wealth of opportunities and for any purpose. The think you will need to look at when you open an offshore bank account is simply if you get some advanced Internet Banking to access your offshore account and if you become an IBAN account number for your offshore bank account, furthermore it must be possible to become a debit card from Visa or MasterCard for this offshore bank account where you are able to withdraw money in any ATM worldwide.
Some Offshore Incorporation services will open so called Virtual Bank Accounts which are mainly sub accounts of their own and where they are still able to access your funds, don’t be fooled by this solution, it is not worth it.
By considering going for an offshore company you will need to figure out how to incorporate the company, should it be a shelf company and which offshore jurisdiction should you go for?
We have made it very easy for you know, most of the clients we talk with an a daily basis we ask to consider to incorporate their offshore company in Cyprus, we have a wealth of possibilities for Cyprus Offshore companies, starting from Offshore bank Accounts to Offshore Merchant Accounts to accept credit card payments, finally we can get you an Visa or MasterCard Debit or Credit card for your Offshore Bank account. Needless to tell you that you of course will become an real IBAN bank account number and Internet banking to send and receive International Wire transfers and to access your offshore bank account balance at any time.
CCLOGIC LLC has specialized in the opening of Offshore Companies in Cyprus and the opening of Offshore Bank Accounts with the major banks in Cyprus. Cyprus has a wealth of offshore banking services to choice from and we will be more than happy to assist you any time, contact us today.
For ages it has been well know that large corporations are instantly expanding their business locations to offshore jurisdictions just for better cash flow optimizing and tax purposes, it has nothing to do that they want to conduct business in those countries.
Also for many years now, it has been a closed area to enter into the planning of taking your company offshore with your business, it is worldwide known that Swiss bank accounts have been used to avoid TAX on income and profits in general, but this option is going to close their doors, now you need to find a good and reliable place to STORE your MONEY. Cyprus is one of the only places within the European Union which still has 100% banking secrecy and where it is impossible for an individual or foreign company to open a Cyprus bank account. The Offshore Bank in Cyprus which you need to find will simply deny business cases which haven’t been introduce by an official offshore bank introducer.
The question here is, how you as an individual can become a personal or business offshore bank account in an Offshore Bank, and why a Cyprus bank account is the best solution for you and your business.
Furthermore you will need to consider which other benefits it would give you as a business in regards to offshore asset protection. Yea it is right you might not have heard of the term offshore asset protection, but we will teach you what it is and how it will be an important role for your offshore company formation planning.
So, what you need to do, first of you will have to consider if you make enough profit in your business to effort the expanses which are involved in incorporate an offshore company and to become an offshore bank account with an offshore bank.
Offshore asset protection, how; very simple an Offshore Company and for instant an Cyprus company will make it very difficult for any authority in the world to find the real beneficial owner, secondly it costs a lot of time and money for anyone to claim any rights to get access to assets in an Cyprus Company or any other Offshore Company. Finally an Offshore Company and a Cyprus Company will work as an individual entity so it is perfect for offshore asset protection, because you can just take anything from a person which isn’t related to the claim! Do you have the picture now? If not it is all about offshore asset protection and to protect your rights to keep you hard earned money. In other words by entering into a consideration of offshore asset protection you just need to keep in mind that no one will be able to get access to whatever assets you might have in the company, even not if you file personal bankruptcy.
The important thing here is as long as we speak about cash, you will need to find a Offshore Bank which will open an offshore bank account for your offshore company or Cyprus company, this you will easily get access to through an offshore incorporation service which typically is able to prepare everything for you in one task. With an Offshore bank account you will have access to your moneys in your offshore accounts 24/7/365 and only you will have access to your offshore accounts, not the offshore incorporation service, not any nominee shareholder or director, no, only you. The offshore bank will send you the codes for your Internet Banking directly to the address you tell them to send it to. There is an 100% secrecy by opening an Offshore bank account or for instant to become a Cyprus bank account in an Cyprus bank / Offshore Bank.
Offshore accounts can be hold in multi currencies like EUR,USD,GBP and CYP almost any Offshore Bank will give you the possibility to have your own IBAN account number and Internet Access but the Cyprus Bank Accounts are the most reliable solution in general, since Offshore Banks in Cyprus are regulated through a strong financial network.
Start today to consider how you can get offshore asset protection, an offshore bank account in an Offshore bank and for instant go and consider to open a Cyprus Bank Account before anywhere else.
CCLOGIC.COM has specialized in the opening of offshore bank accounts in Cyprus and is an official introducer for major Offshore Banks in Cyprus. We register offshore companies in Cyprus for the purpose of offshore asset protection, to safe TAX for our clients and for our clients to conduct legal business without any risk.
Off shore corporations are often used to be for online businesses or Holding Companies since for both purpose they reveal a lot of comfortable instruments to conduct business, protect assets and to gain access to financial services which normally are not accessible for people.
For instant Internet private banking is for offshore bank accounts a must and often you will ran into some incorporation service which can offer you this, you won’t have access to your account by pulling up your browser. Therefore you will need some off shore banking facility which also offer you advanced e-banking or Internet Banking and where you get access to your offshore account 24/7/365.
Off shore corporations can also be used as holding companies which is rather overseen then used, and only a few people know that you will have great TAX benefits by incorporating an offshore holding company with an international offshore agency.
When you considering taking your business off shore you will need to also take in consideration to have a off shore banking facility in place for your offshore account. Most people consider to establish their off shore corporation in one jurisdiction and place their off shore banking in another offshore jurisdictions, this isn’t necessary and will only course more paperwork and make things unnecessary complicated.
What does it mean International Offshore should be the question here? Yeah, and you won’t believe the term International Offshore is just covering about an regular off shore corporation which is formed in an jurisdiction where only limited or no tax apply.
International private banking also often covers the need of an offshore banking account, but often it not include access to your offshore account others than with an debit or credit card. When you do off shore banking you should make sure that the incorporation service or the offshore bank has some advanced e-banking facilities, don’t fall into the trap of only phone or fax orders, this is a very complicated process and you won’t like it on a long term.
Off shore banking is an convenience way to conduct business with your off shore corporation and you won’t believe which doors it open to be competitive towards your competitors and your customers and which major benefits it will open for you in the process to sell your services or products.
Make sure when you go International Offshore that you make a good business planning and to consider which International private banking solution you choice. It is important if you want to be considered as International Offshore to have your company located in a please where it is recognized as legit and duly incorporated. Make sure you choice an off shore jurisdiction which is a member of a bigger nation, for instant an European Union member like a Off shore corporation in Cyprus is.
You will waste good money and a lot of time if you incorporate your offshore company in an jurisdiction where to financial institution others than the banks in that jurisdiction will do business with. The international private banking sector has strict rules with which off shore corporations they will conduct business with.
CCLOGIC.COM can help you with the incorporation of an offshore company and also with an offshore bank account and Internet Banking for your offshore account. We have many years of experience and are an official introducer for the major banks in Cyprus.
International Business Company, Anonymous Bank Account and a bank account in Cyprus, how to do that.
You have heard it that it is possible for some people to become an anonymous bank account, but where did they get it and how is it possible to jump on this service?
This is the question we are going to answer because you want know that even if you have an anonymous bank account then it is at the same time a international bank account which can be used simply as you know from your local or existing bank account, you will have Internet Banking and even a IBAN account number to receive and transfer money / funds worldwide.
- 1. How you become an anonymous bank account
It is a bit difficult but absolutely possible, what you will need is to find an incorporation services which has specialized in the incorporation of offshore companies. Companies which are incorporated offshore will have the privilege to have nominee shareholders and directors which make it impossible to track down the real owners / beneficial owner.
You will need to incorporate a company in for instant Cyprus it is important that it is registered as an International business company / IBC company since offshore companies which are incorporated as IBC company will have to pay 0% TAX.
- 2. Offshore Companies can open anonymous bank accounts
Now while you have found a reliable incorporation services and got an International business company you can go and open a simple bank account in Cyprus which let you open the account on behalf of the IBC which again will give you an anonymous bank account with a bank in Cyprus.
- 3. Why International Business Company to open a bank account in Cyprus
Since you can’t have an anonymous bank account with a bank in Cyprus without having an IBC company you will need to incorporate a company first, this is the instrument to become the anonymity you seek.
- 4. Maintain an anonymous bank account and International Business Company
You might want to know that it is without any hassle to maintain and conduct business with your IBC company in Cyprus and to maintain your anonymous bank account in Cyprus, to have an bank account in Cyprus it only costs a small monthly fee but you do not need to have any minimum deposit and you will have access to your account and moneys 24/7/365.
- 5. Incorporate companies offshore within a few days
An incorporation service can register your international business company and your bank account in Cyprus within a few days and also assure it will be done as an anonymous bank account, only uou will have access to your bank account in Cyprus, the pin code and the instructions on how to access your international business companies bank account will be send by courier to you directly.
CCLOGIC.COM has specialized in the incorporation of International business companies and the opening of bank accounts in Cyprus. Also we incorporate companies offshore with great success.
The financial marked has changed and you need to consider to increase your profit of your online sales for two reason, first due to the competition while more and more Online Shops and businesses will go and reduce their price structure you need to have competitive prices on your products and services too, secondly while many see a decrease of the products services sold you need to earn more on each item as before to survive.
By just lowering your prices you would in many cases easily drive more sales into your pocket but you will soon face that this also means you need to sell more to get the same out of it.
A simple calculation which we did for a new client was to consider to take the entire business Offshore for Instant in Cyprus, the payable TAX for international business companies is 0% TAX which means if you lower your pricing per item with let’s say 15% (which would be the TAX you had to pay if you continue as you do now) than you won’t lose any money by reducing the price on your products or services but will at the same time get very competitive towards the competition.
It is important to consider any possible aspect to increase the costs doing business and at the same time be able to reduce the price to serve the consumers which at the moment (due to the financial crisis) only hardly want to spend any money.
A marked survey which has been made in Europe show that we are all more willing to spend money even in this financial crisis, if we can get the product or services we need to a reduced price.
How can I register a Cyprus Company, should be the question you ask yourself now.
CCLOGIC LLC has been in the Offshore Company Formation for years now and been of great help for many of our clients worldwide, many fail on finding the right Agent which can help with this service and get the job done fast and secure, we register a Cyprus Company and can open a Cyprus Bank Account within 7 – 14 days and ensure that everything is incorporated properly with Apostille of Documents and Company Certificates.
The Cyprus Bank Account comes with an Advanced Internet Banking (e-Banking) and as multi currency account (USD, EUR, GBP) – Your Cyprus Company can be registered as anonymous company with nominee shareholders and directors or with yourself or your holding company as director. You have to pay a 0% TAX rate to the TAX Authorities in Cyprus and conduct business worldwide with your Cyprus Offshore Company setup. You have a 100% assets protection and no limitation at all; any business can incorporate in Cyprus.
CCLOGIG LLC is a official Introducer for the major Cyprus Banks and has been serving several hundred clients with the Cyprus Company Formation and opening of Bank Accounts but we can more, we have a bride knowledge about the hassle to accept credit card payments Online, we have partnered with several Acquiring Banks around the world to open Offshore Merchant Accounts and to provide secure and reliable credit card processing for your website.
CCLOGIC LLC is a All in One Financial Service Agent which goal is 100% satisfaction for our clients, contact us today and let us help you to be a successful business which is in front of the competition.
Did you know that you are easily can register a Cyprus Company Online? Yes, that’s true you don’t need to visit Cyprus just for registering a Company in Cyprus.
Once you decided to incorporate your company in Cyprus it is very easy to transform this plan into reality, you can just start to fill our Online application for Cyprus Company Formation and hit the submit button.
Once we receive your application a sales representative will get in touch with you by e-mail or phone to clarify how your company structure should be and most important what your goals are in regards to go offshore with your company.
A simple application is then send to you as a PDF file which needs to be read and signed to start the registration of your company. Once this is received by our staff we will get it through to the Cypriot authorities and after approximately 7 days your company is registered.
Once the Company is official register in Cyprus we will send all the Apostil documents, company certificate and other useful information to you by courier or postal mail to an address of your choice.
Important to consider is if your Cyprus Offshore Company need to have a bank account, this can also be opened for the Cyprus Company easily, just let us know and we will send a Cyprus Bank Account application form to you as a PDF file, once this is filled, signed and returned to us we will go to the bank and get the account opened. Everything done Online and visit you to have to visit Cyprus.
Once you have both the Cyprus Company and the Cyprus Bank Account in place, you will be ready to start trading and conducting business through your real Cyprus entity. Your customers will be able to pay your Invoices to your Cyprus Bank Account just by using your Bank Account number or the IBAN number and a SWIFT code.
Through the advanced e-Banking (Internet Banking) system you will be able to monitor once the money enters into your account, from there you can transfer the money to your own local bank account or just have the money stay on your balance.
When would it be useful to have a Cyprus Company?
The possibilities are many, and often incorporation in Cyprus is used for the purpose of International Business Company (IBC Company)to conduct business Online, others register a Cyprus Company for the purpose to act as an Holding Company for a local company outside of Cyprus, this can be of a major benefit for your TAX planning and Assets Protection purpose.
Cyprus is a member of EU (European Union) which makes your Cyprus Company conducting business as an EU member company, that’s again offers you trust worthiness and a lot of possibilities in opening for instant a Merchant Account with a European Bank to accept credit card payments if you have a website.
For more information about how to open a Merchant Account to accept credit card payments on your website and to have your Cyprus Company to apply for the account please read our next publication on this blog or simply get in touch with one of our experience staff in this field at CCLOGIC LLC.
Since you will find that many services and Agency service which promise you exactly what it is you ever would like to have, an Offshore Bank Account with e-Banking but only a few Companies will give you the real thing! We thought it was time to explain how to get your Offshore Bank Account for instant in Cyprus and which comes with some Superior Internet Banking.
The most important for you to know before you even consider opening an Offshore Bank Account is to make sure where it should be, which country will give you the banking secrecy you seek and also the benefits of holding a Real Offshore Bank Account.
What we will suggest you to do is to have a closer look at Cyprus, they have for more than the last 100 years been known for their strict banking secrecy policies and have been used for the banking business and financial transactions for thousands of companies worldwide.
Cyprus is a member of the European Union and regulated by the strict rules of the Government in Cyprus. They have a fantastic infrastructure and are far in front of many other countries like Panama, Belize, and the Netherland Antilles.
What you will become with your Cyprus Bank Account is a multi currency bank account which also has an IBAN number which is required in Europe to get low Wire Transfer fees by the International Banks.
You will have access to your Cyprus Bank Account through some really advanced Internet Banking where you have access to your moneys 24/7/365 you can withdraw money you can see your account balance and you are able to check for incoming money transfers. Even if you have questions you are able to send a support ticket through the system. The best is, everything is in the English language.
The Cyprus Bank Account is opened with some of the Major Banks in Cyprus; you don’t need to worry about your money when you sleep. Compared to other services which promise you to open a bank account within 30 minutes, then this is the real thing and the “30 minutes” accounts are not close to that secure then what you will get with a real Cyprus Bank.
Open your Cyprus Bank Account with one of the fastest growing introducers for Cyprus bank Accounts today, we know how to full film your and the banks needs.
We work with you and will help you through the entire process which often only takes 7 days.
CCLOGIC LLC is an official Introducer for 2 of the Major Banks in Cyprus and our service is know and used by the professional companies all around the world.
It can be very overwhelming to get a picture of the TAX and Legal issues there might be when you register a Cyprus Company.
Some of the questions we often receive from clients interested in registering a Cyprus Company with us are the following:
Do my Cypriot Company has to pay TAX ?
Will the beneficial owners be subject to Double Tax treaties?
Which country will the dispute resolution are handled?
A few good questions which we will try to outline here and which we think is of high interest for many that consider to register a company in Cyprus and in any other offshore jurisdiction.
To the first question, then it is depending very much on how you go and register your Cyprus company, will you be using nominee shareholders and directors or will you use foreigners, or is it the beneficial owner which often is a foreigner that is going to be both the shareholder and director in this company.
By using local nominee shareholders and directors you Cyprus Company will be subject to 10% TAX of net profits! This can be of benefit if you are going and do local business for instant in Cyprus where you need the director of your company to be able to make business decisions on your behalf.
If you make use of foreign nominee shareholders and directors the Cyprus Company will not be subject to any TAX ( 0% TAX) this requires of course that all income of the Cyprus Company is coming from outside of Cyprus. This also applies if you as the beneficial owner and as foreigner is chosen as shareholder and director. The benefit of becoming a foreign nominee shareholder and director is that you can register the company anonymously and your name will not appear in the Cyprus public register of companies.
To the second question, it depends on if you country has a double taxation agreement with Cyprus, if so the beneficial owner is subject of tax in your home country. This is one of the reasons why many people choice to become the company anonymously.
The third question, this depends only on your company’s policy and which country you set forth to handle disputes in your legal documents and has nothing to do with the type of company you are going to register or which country it is. For instant even when your Company is registered in Cyprus you can choice to incorporate a term in your Terms and Conditions or business policies that a dispute is handle by the courts of the UK or US and that’s what apply then.
We advice all our clients to get in touch with their Lawyers/attorney and Advisors for an in depth explanation of above since this is the right place to ask such questions; it might be that other regulations applies which could benefit you.
If you are considering to take your company offshore we will be more than happy to help you, please contact CCLOGIC LLC today and let’s get things started.