Archive for June, 2009
Aged Cyprus Shelf Companies available for your offshore incorporation plans.
Posted by peter in Cyprus Company, Holding Company on June 29, 2009
We are happy to announce that we now have a about 20 Cyprus companies ready for sale and which are registered in the years 2006 and 2007, those companies can be bought immediately and can be a perfect instrument for a fast and secure incorporation in Cyprus. Read the rest of this entry »
Registration of a Cyprus Company and the opening of a Bank Account in Cyprus, what’s the deal?
Posted by peter in Cyprus Company Formation on June 19, 2009
When it comes to the registration of a Cyprus company it isn’t any difficult and the opening of a business bank account in Cyprus is also not difficult, everything is very easy, but why should you ever consider incorporating in Cyprus?
The answer to this question is easy, you will have a lot of benefits doing so, ranging from privacy and assets protection to huge tax savings, company restructuring and transfer of shares and equity is extremely easily executed with a Cyprus company.
When considering a Cyprus Company Formation (to register a company in Cyprus) you should look at your needs and which goals you would like to archive for the Company. For instant it is for many of great benefit to register the company in Cyprus as an IBC (International Business Company) the IBC in Cyprus is not subject to any tax on income further, the company can be completely anonym, which means the beneficial owner isn’t listed on the public register of companies in Cyprus.
Why is an IBC in Cyprus good for my business?
Through an official introducer for the major banks in Cyprus you can open a Cyprus Bank Account through which you can make your investments. Profit made through the investment is not subject to any tax and can easily be transferred to another company outside of Cyprus, the capital can then be used for reinvestments which can’t for any reason be executed abroad.
The benefit is that the IBC in Cyprus is making the investments and in case of profit winnings those are tax free and can be reinvested, on the button line it means a higher net profit for you.
If the investment would have been done through a local EU company or as personal investments both parties would have been subject to TAX and it makes it less attractive.
Another benefit a IBC in Cyprus can ensure is that if you are mainly doing work per agreements, virtual services, then it is a great benefit to have the IBC in Cyprus to send the Invoice for your work, it will be subject to 0% tax.
An IBC in Cyprus can take over assets, patents, copyrights etc. by doing so the future earnings are not subject to any tax, and can be used for reinvestments. Further to the already mentioned an IBC in Cyprus can form a Panama corporation which again is an IBC and then can own boats and Yachts which can be sailing under the flag of Panama, all with no subject to tax.
CCLOGIC LLC is providing offshore company formation services and offshore banking for clients worldwide and has many years of experience in the field, we work with the major banks in Cyprus and the Seychelles and can help with the incorporation of IBC’s, Trusts and Regular Offshore companies registered or not registered for VAT in, Belize, BVI (British Virgin Islands), Cyprus and the Seychelles. Our partnerships with several law firms and Legal Advisors in many other offshore jurisdictions also allow us to provide offshore company formation services and offshore banking in countries like Panama, Curacao, Malta, Andora and many other countries. Please visit our website for more information or contact us.
Cyprus Company Formation as Holding company
Posted by peter in Cyprus Company Formation, Holding Company on June 15, 2009
When considering a Holding company structure a Cyprus Company Formation can be of great benefit for the beneficial owner of the Cyprus Holding company. A Cyprus Company Formation can take place very quickly and if registered accordantly a Holding Company in Cyprus can be formed. Read the rest of this entry »
Cyprus Banking and Cyprus as an Offshore or low tax jurisdiction
Posted by peter in Cyprus Bank Account, Cyprus Company Formation on June 14, 2009
As one of the only countries within the European Union, Cyprus has the lowest corporate tax which benefits businesses worldwide, trading International. A Cyprus Bank account is literally the most important part when considering setup a Cyprus Company as an Offshore Company.
Many have already incorporated in Cyprus because of TAX benefits, a Cyprus company only pays 15% corporate tax on net profit and even no tax if it is registered as an IBC (International Business Company) while many have the understanding that a Cyprus Company Formation and the opening of a corporate bank account in Cyprus isn’t something everyone can enter into, we thought it would be time to clarify a few things.
If you for any reason decide to incorporate in an offshore jurisdiction like Cyprus is, or any other offshore country you properly quickly find it difficult on where to start and what does it means for my business case and is it reliable to have someone which you don’t know to manage the incorporation of my offshore company. Serious business people what at least ask them self the question how difficult it might be to open the Cyprus company and the Cyprus bank account and maybe just leave it with the consideration.
A Cyprus company isn’t difficult to setup it takes only a few weeks for the authorities in Cyprus to approve the name and the registration of the new company, once the Cyprus company formation has taken place it is just a matter of a few documents to open the corporate business bank account with a bank in Cyprus.
For the Cyprus Company Formation it only needs a utility bill (phone or electricity bill) in English and not older than 3 months, a passport copy and the final incorporation agreement you will get from your Cyprus Company Formation Agency. For the opening of a corporate business bank account in Cyprus you will additionally need to provide a reference letter from a current bank, a lawyer or certified accountants, you will only need the reference letter from one of them not 3 in all.
As soon as the above is received by your Cyprus Company Formation Agency the registration of the Cyprus company can begin which is followed by the opening of the Cyprus corporate business bank account.
The major banks in Cyprus have all a state of the art banking platform for your day banking needs but also offer a range of additional banking services for investments, foreign exchange trading and savings. Through the Internet banking you will be able to send International Wire Transfers, check your account balance and much more. In addition some of the banks also offer Online Stock exchange trading for day trading or regular trading.
CCLOGIC LLC has specialized in the Cyprus Company Formation and in the Offshore company formation in several jurisdictions worldwide. Further to the company formation we have a large number of banks we work with and for which we are an official introducer, we handle the entire process for our clients fast and secure and for clients worldwide.
Cyprus Bank Account, BVI Offshore Company and investments
Posted by peter in Business Banking, Cyprus Bank Account, Cyprus Company Formation on June 11, 2009
Well while much has been told and many already know that a Offshore Company Formation for investments is the best business constellation you can have when investments of any nature are the purpose, then many don’t know what a Offshore Company is and how to setup a offshore company at all. Read the rest of this entry »
Cyprus Company Formation with full assets protection how is it possible?
Posted by peter in Cyprus Bank Account, Cyprus Company Formation on June 9, 2009
The question on how it is possible to register a Cyprus Company and at the same time ensure a full protection of the assets of the Cyprus Company has been asked many times by our clients.
Reading on the Internet you will find a lot of questions in regards to the Cyprus Company Formation with assets protection, privacy and securing equity. We will quickly explain in the below what it means and how you can archive this and other benefits by entering into a Cyprus Company Formation.
The laws in Cyprus and in regards to the incorporation of a company in Cyprus are known to be very beneficing for entrepreneurs who want to start an International business. When starting the registration process of a new company in Cyprus it is important to know that you will need to make sure of the nominee services offered, those includes nominee director and nominee shareholders and are in fact just people which are appointed to manage the Cyprus company on your behalf.
When using nominee services, your company will be listed with the nominee director and shareholders at the companies house in Cyprus, the beneficial owner isn’t listed anywhere and no one can look this information up.
It is important that you make some good planning when registering a company in Cyprus with nominee directors and shareholders, since if you don’t intend to make any business ate the Island Cyprus, then you will have great tax advantages if the nominees are foreigners, that’s qualify the company to be registered as an International Business Company which is subject to 0% tax on net profits.
A Cyprus Company can be formed by a person or by another company located almost anywhere in the world, and if a company for instant in the BVI or Seychelles is used to register the Cyprus company it will ensure an additional layer of security and privacy / anonymity. It is possible to have another company to be both the shareholder and director in a Cyprus Company, there is no need for any person to take this role, however, a nominee director in such a constellation would be a benefit.
Some of our clients are in a hurry for the Cyprus company formation to take place, and in these cases we have the possibility to offer our Ready-Made companies / Shelf Companies which are pre registered companies and where only a change in ownership needs to be registered with the authorities in Cyprus.
CCLOGIC LLC has specialized in the Cyprus Company Formation and opening of Bank Accounts in Cyprus, we are an official introducer for the major banks in Cyprus and have been in business for many years. Beside the jurisdiction of Cyprus we also offer offshore company Formation in the jurisdictions of Belize, British Virgin Islands and Seychelles. CCLOGIC LLC can also help with the formation of Offshore Trusts in Cyprus and Panama, for more information please visit our website.
Offshore Trust with Offshore Holding Company and business bank account.
Posted by peter in Cyprus Company Formation on June 8, 2009
If the anonymity of your Offshore Company structure is important to you and the aim is to have a offshore company structure which is anonymous and which assets are protected, you will defiantly need to look into the formation of an Offshore Trust in Cyprus.
With a Cyprus Trust in the top of your Offshore Company Structure you are protected against almost any incidents that might come. Conducting legal business isn’t without any risk and many startups are burning their hands while they are simply not aware of the ups and downs there are when doing business with others.
An Offshore Trust in Cyprus is known by many business professionals worldwide and is used even by Royals, VIPS and others which don’t want to expose their income, turnover or equity to the public. While an Offshore Trust in Cyprus also protects your privacy and isn’t subject to any tax what so ever, it has the major advantage for successful businesses to be used as investment tool. A Offshore Trust in Cyprus is allowed to form a Offshore Company in any other country, which includes but is not limited to, Belize, Seychelles or British Virgin Islands, the dividend of the offshore company can be moved to the Offshore Trusts without to have to pay tax. All funds, equity and other assets are protected by the general laws for offshore Trusts in Cyprus and can’t be accessed by any court order, creditor or other authority if there isn’t any proof if illegal activity.
When entering into any area of business you will quickly become familiar with other bad business owners which obviously only want to rip you off by selling you some service or product which you want need or even don’t have any use for, those business people are clever and they only exist to rip of new businesses. You might think, fine, I can just don’t pay their bills and that’s it, but what if you already signed the contract with them, the business model itself might be legal so you are bound to the contract you signed! Now there is no way out (if you aren’t protected by an Offshore Company Structure) then just to pay the bill and move on, try to make more money then what you just lost!
The mentioned scenario happens each day for millions of small business owners and entrepreneurs and there isn’t really much help to get from any lawyer or authority here.
You will need to have protection against those and hundreds of similar incidents you will face during the lifetime of your business. An Offshore Setup where the Trust is in the top of your offshore company structure and a Holding company direct below the Trust, those people can jump into the sea, you don’t need to worry their lawyers or collectors, it is impossible to access any of your money or assets!
CCLOGIC LLC has specialized in the forming of protected offshore companies and offshore bank accounts, with many years of experience and many clients we so far helped it is now also possible for small and medium sized businesses to make use of our services. CCLOGIC LLC is a full service offshore company formation and banking agency and deals on a daily basis with clients worldwide.
I already have an offshore company, does it makes sense to incorporate in Cyprus?
Posted by peter in Cyprus Company Formation on June 1, 2009
This question is something we get asked on a regular basis and it is a good question, If you already have an offshore company In any offshore jurisdiction (this also apply for a regular company) and you want to extend your company structure with more privacy, more security and have access to a wealth of banks, then an Cyprus company Formation is the right choice for you and your company.
The problem most people face while they incorporated an offshore company for instant in the Seychelles or Belize is a very limited number of banks from which they can do offshore banking and with which they can accept credit cards on their website.
How to figure out if my Offshore Company will need to incorporate in Cyprus?
Once of the questions you should ask your self is if you are satisfied with the offshore banking you have today and if it is easy to access your money, if this questions raises just one new question, then you should look into a company formation in Cyprus.
With a Cyprus company formation you will get more opportunities you will have access to more banks all across Europe and you will have a company in Cyprus which will give you 100% asset protection and privacy. For many businesses all around the world it is of benefit (many have already discovered this) to incorporate in Cyprus because of the offshore banking available. A Cyprus Company Formation is easy and only requires a little work from your side; you will need to find a utility bill in English and make a copy of your passport both is send to the Offshore Company Formation Agency which takes care of your Cyprus Company Formation. Please note! Make sure that the agent you decided to use for your company formation in Cyprus is able to open bank accounts in Cyprus for the company (business bank accounts) and if needed, can provide you with a merchant account to accept credit cards on your website. Both should be handled by 1 agency to make the process as quickly and hassle free as possible.
Many Offshore Company Formation services can’t do that even if they state they can then they in 99% of all cases fail to deliver the product!
CCLOGIC LLC is an offshore company Formation Service Agency which has specialized in the incorporation of offshore companies in Cyprus and many other offshore jurisdictions. We are an official introducer for some of the major banks in Cyprus and have a large network of Acquiring banks which provides merchant accounts to European merchants in order to accept credit card payments.
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