A Cyprus Company can be registered for VAT (actually the rate is 15%) this is of the benefit for the owners and the companies business customers because they are able to deduct the VAT they have paid to your company from their local VAT amount they have to pay to the local VAT / Tax office. Further Cyprus has the lowest VAT and Tax within the European Union which is from a competition point of view a great advantage since you can offer your services and goods to a lower price than your competition in other EU countries can.

A Cyprus Company only pays 10% corporate TAX which is the lowest in the entire European Union, again from a competition point of view it is a great advantage since the company will be able to reinvest more money into the business activities or to the owners in order to be more profitable and to grow, then the competition in other EU countries.

A Cyprus Company don’t pay any tax on Interest or Dividends, means more profit to the owners, further it is allowed to make loans in a Cyprus company which is not allowed in almost any other EU company.

Cyprus has a Double Tax Agreement with the Seychelles which means the company has to pay tax in the Country of operation, so towards your clients it can look like it is a European Company they do business with but structured correctly it is a Seychelles company, so the operation has to be managed in the Seychelles which is properly not an issue to prove, since the tax rate in the Seychelles is 0% the corporation has no tax to be paid.

With a Cyprus Company the owners comply to European Laws which means more trust to your company compared to any Offshore jurisdiction like Panama, Belize, St. Kiits etc. – it also means that the Cyprus company avoid to be on different governments radar while doing legal business, this also towards the banks who have to transfer money to the bank from customers who bought a service or products from the company.

A Cyprus Company can help you to grow your wealth if structure right, no other country will offer you that benefit that’s why Cyprus is the most popular jurisdiction even in 2011 to do business.

A Cyprus Holding Company has a lot more to offer than just the above mentioned, for instant if the goal is to make huge profits but at the same time to achieve Asset Protection then a Cyprus Holding Company offer you all this, do you for instant know that it costs a lot of money to try to sue a Cyprus company for any reason or to try any debt collection? – No this is not known by many, but compared to for instant UK, Germany, Sweden or Denmark where you can get a court order for almost free in order to collect your debts then it costs a fortune for the creditor to collect those money. Also all asset’s in a Cyprus Holding company are “moveable” means you can if done right move your assets to another company so that if a creditor should penetrate the company in question there will be no assets.

A Cyprus Company can be structured by using Nominee Directors and Shareholders 100% anonym, that’s not possible in most other European Countries and one of the strongest benefits Cyprus has to offer.

Why do I need to be anonymous?
The reasons are many, it could be in a process to take over a competing company but where the real buyers want to stay anonymous to avoid any complications in the take over. It could as well be that the owners have a business running to 1 target group of industries as retailers but as well want to be Whole Sale for the competition, who would buy from a competitor if they know? – no one will so it can be of benefit to have the ownership of the Whole Sale company to be anonymous, in order to get the business from the competition. These are only a few reasons, as first mentioned there are many more.

Most important is that regardless what the purpose of the Cyprus Company is, you are always in front of your competition.

We hope you enjoy reading, stay tuned to the next publication.

Did you know that there is a Offshore Company Forum available where you can ask questions but as well read about others experience, issues and much more, forums are born to help the public, so use it this opportunity to learn more and be prepared to take out your competition or simply start a profitable business.

Therefore, please inform us as soon as possible, if your expectations, whether you will have a taxable profit for the year 2010 and if so, to submit the computation of temporary tax assessment together with the 1/3 of the provisional tax on 1st August.

Failure to make a tax provision of at least 75% of the final year’s taxable profits will result in payment of an additional tax of 10% on the difference between final tax and provisional tax. Failure to pay the provisional tax on time will result in an 8% interest payable on overdue tax.

The installment payable on 1st August can be paid until 31st August 2010 without any interest charged. It is possible to revise an assessment upwards before the end of the year.

Thanking you for your kind co-operation at all times.

CCLOGIC Ltd – Cyprus Company Incorporation

A holding company does not produce any goods or services of its own. Its entire purpose is owning shares in other companies. A holding company is used as a strategy for minimizing the risk of loss of assets, equity and finances.

A Cyprus Holding Company is able to enjoy a large list of legal and tax benefits that can keep more of its profits in the Company, which will allow it to grow at a faster rate. If the holding company is being used as a place to hold and store wealth then moving to a favourable tax regime, such as Cyprus, can allow you to grow your money faster as you are able to pay less tax on your profits.

Read more here

Are you sick of the term “Best Merchant Account” being thrown around when looking for a reliable way to process credit cards and online payments in general or when you are seeking to keep your privacy and are looking for a Offshore Company structure that do what people promise, in fact, there’s nothing Best Merchant Account or Best Offshore Company structure about the system?

Well guess what… our new Best Merchant Account and Offshore Company bundled package really is THE REAL DEAL!

Let’s jump straight to some facts:

Everyone knows that it is not wise to put all your eggs in one basked, why should you then buy offshore company packages which are managed by one and the same company, are you insane? Sorry hard words but I must “call to think” what you will need is to have the Merchant Account in One country, have the Payment gateway in another country, have your bank account in a third country and finally your Offshore company in a forth country, can you see the picture now?

If the answer is no, then please stick to your existing solution and don’t read further.

If the answer is YES, then continue reading, this is going to explode the real facts and how a Online Business can achieve a 0% TAX, 100% Anonymity a reliable Merchant Account and a stable PCI compliant payment gateway.

If you don’t believe this, then look here what we found:

During an many months of investigation and exploring the different services available on the Internet both big and small companies, legit and illegal operations everything came down to 1 conclusion, there is nothing like 0% tax and 100% anonymity when you deal with these companies, you may ask why? Very simple, almost any (if not any) of the so called Offshore Company Packages including offshore bank accounts and merchant accounts are an illusion, an illusion that let everyone think they shot the parrot, found the gold mine, the magic formula while they simply just entered into another trap. Even with an legit operation as the many we have found, it was NOT possible to accomplish the goals of an Offshore company Package which have everything a Online Business needs and which also offers 100% Anonymity and 0% corporate Tax.

So now I am going to tell you why!
Simple because all of the offshore company formation packages are made by people which either have their knowledge in the Offshore Company structuring or in the Payment Processing Industry, both industries are so broad that you MUST end up with a pain package rather than a Offshore Company package. What you want is to find a company who is collecting the Best Merchant Account which pay on Time is inexpensive, one that can find a payment gateway which is reliable and PCI compliant, one who can structure a Offshore Company which connects all this together to 1 package, but where each of the parts from this package are located in different countries and different companies and where know one knows about how things are done, where no one is asking questions and where everything is structured in a way that it is legit and can’t hurt you.

Sounds good to you?

Great, thank you for your attention, I am not going to reveal here how to achieve all this, you will have to contact us and proof that you are an honest and legit business with a real business for this we have made a mechanism which secures both parties, refer to this article when you contact us and I will give you the deal.

In fact, I’m so confident in my system, I’m going to extend to you an unusual guarantee…

If I can’t show you how to implement a complete online business offshore in 60 days then we will give you your money back for the one of fees and let you keep the formula (You will lose whatever offshore company package we created especially for you but the formula lays out the entire plan). And of course, for any reason (or no reason at all), if you want your initial deposit back and don’t want to proceed within the next 5 days after we told you how to accomplish all this and before we started any company registration, just say the word and we will quickly and quietly refund every penny of your deposit.

You can only make this kind of guarantee when you’re absolutely certain your product does everything it claims to do. And my claim in the headline is just the tip of the iceberg. Once you get access to our insider secrets, you’ll receive…

-          A Offshore Company with 100% Anonymity

-          An Offshore Bank Account which let you receive payments from all over the world and also can be used for PayPal accounts.

-          A Debit Card for the bank account

-          A Merchant Account which pays week after week after week, a reliable payment gateway which is PCI Compliant and has a 99.9% uptime

-          Instructions on how to accomplish all this including 5 hours from an expert in the fields to walk you through the entire process (worth EUR 1.500.00)

Our Special “Introductory Offer”

We have big plans for the materials contained in this bundle. We eventually going to start doing coaching and seminars with this stuff. While we finalizing those things, you can get in at a low introductory offer:

Cyprus has paved the pathway for many successful companies in the recent past. It has been a resource for these companies to be well established all over the globe. The geographic location of Cyprus also helps a company to be a developed one. It is located across the three major continents of Europe, Asia and Africa. The population is about 770, 000, in which 78% represents Greek-Cypriots, 18% Turkish-Cypriots and the remaining 4% represents the minorities.

Mode of communication:

The official languages in Cyprus are English, Greek and Turkish. The English language is most widely used and very essential in business sector.

History:

The Cyprus has become independent since 1960 and the government system is similar to the western countries democracies in which human rights, private property and political freedom are safe guarded. Presidential system of government is followed in Cyprus. His duration is of five year term and considered as the Head of the State. In 1st May 2004 it became full member of the Europe Union.

Infrastructure and Economy:

There are excellent communications in Port and Air connections. There are two airports in Larnaca and Paphos. Limasso and Larnaca are the major port facilities. Cyprus has excellent banking facilities with many onshore banks and offshore banking units. These Onshore and Offshore banks maintains International networks.

Companies:

Companies can be resident, that is control and management in Cyprus and can be non-resident if its control and management outside of Cyprus. Any company can be registered in Cyprus and the procedure is standard for all.

Agency:

Many agencies are available to do the registration of a company in Cyprus. They help the company to be assured and registered legally in Cyprus.

Registrar of Companies:

The proposal of the clients whose companies has to be established in Cyprus can be sent to Registrar Of Companies or it can be sent to the agencies and they will sent to Registrar Of Companies and will get it registered.

Procedure:

The application or the questionnaire should be filled and submitted to the agency.
The photocopy of Shareholder’s passports along with each individual’s reference for each shareholder by the bank, that is, the bank assurance letter along with it should be produced. These specified documents should be sent to the agency by courier or should be mailed.
The proposed company’s name is sent by the agency to Company registrar for approval. Usually it takes about 2 to 4 days. But this duration can be reduced by choosing the company’s name from the list.

When the company’s name is approved, then the articles and the memorandum are prepared for it and sent again to the registration.

The Other Requirements:

A short description about the company’s activities is required, for preparing the articles and memorandum of the company.

There should be at least one shareholder and one director foreign or local should be appointed.
The registered office address should be specified and a secretary is needed.
The registration of a company ends within 8 days and this can be reduced to 5 days if we select an approved company’s name.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

How to Register Cyprus Company?

An IBC can be resident or non resident of Cyprus, that is it can has control and management in Cyprus or outside respectively. According to the respective wishes an IBC can work from a well settled office with much number of staffs or it may have the registered office in local.

The application procedure is as follows:

• The registration can be done with an aid of an agency.

• The questionnaire or the application form should be filled and sent to the agency by fax or email to the agency.

• Various documents are received as proves they are, photo copy of the shareholder’s passports by fax and also bank reference for each individual share holder. From their appropriate banks the bank reference letters should be enclosed along with proposer’s questionnaire.

• The passport original copy and the reference letter from the bank should be couriered to the agency.

• Then from the agency the Proposed Company’s name will be sent to Company registrar for approval. The duration for this step will be about 2 to 4 days. If this approval should be done earlier then the company will provide approved names of the company in a list from where it can be selected.

• When the company name is approved by Company registrar, the articles and the memorandum of the company are prepared and this is submitted to Company registrar for registration.

The Important Points Are

• Certain brief information about the activities taking place in the company for preparing memorandum and articles of the company should be known.

• Minimum of one shareholder is required. The shares can be held by a nominee or trustee, if anonymity is required. A Director who may be foreign or local is required.

• A secretary should be appointed for the company and the address of the registered office in Cyprus should be specified.

• The registration procedure can be completed within the duration of 8 working days and if a company name is approved then it takes only 5 days for the procedure completion.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

Registration Procedure carried over in Cyprus:

The proposal is sent to Company registrar by the agencies.
Once the company name is approved by it, the articles and the memorandum are prepared for it. You have to wait for about 2 or 4 day for getting the approval for your company’s name.
If the duration has to be reduced then the approved company’s name should be selected and it is sent to Company registrar for registration.

Yearly Requirements:

For every year the final audited statements should be submitted to the Income Tax office. The audition should be supervised by an auditor under the Cyprus Law. The Annual audited statements should be submitted to Company registrar which is translated to Greek and submitted. It should include details about Directors, shareholders and registered office address in Cyprus.

Advantages fiscally:

Considering the tax legislation currently, the lowest regime in Europe is Cyprus. Hence why it has enhanced many companies and it is an International Financial Centre. There is no differentiation between the small companies and the International Business Companies as Single Corporation in tax payment. Cyprus is termed as Tax-Incentive Europe country. And it also free from suspicions which is usually associated to the Tax-Havens.

Cyprus Tax Reform:

If an International Business Corporation is resident of Cyprus then it should pay 10% of its net profit. It is considered as resident of Cyprus if the management and the control of company are in Cyprus. The resident is considered by board meetings where it is taking place and residence of majority directors of the company.

If IBC is non-resident in Cyprus, that is, the management and the control outside of Cyprus then the tax payment is zero. Double Tax Treaty network is available for the resident IBC and not for Non-resident. Cyprus Tax Residence certificate is not provided for the non-resident IBC’s. In payment of dividends, royalties and interests by an IBC cannot withhold the tax payment. Under certain conditions the dividend income is completely exempt from the Cyprus tax. Permanent established abroad, their profit is fully exempt from the Corporation tax. The profits obtained from the dispose of shares are not taxable. In the carry-forward of tax losses there is no restriction. There 32 Double Tax Treaty agreements which is established in 40 countries. Confidentiality and the Anonymity of the Owners are safeguarded.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

Cyprus has provided a great basement for many companies to be in a successful pathway. Its population consists of 770, 000, with Greek-Cypriots and Turkish-Cypriots of 78% and 18% and remaining 4% of minorities. English, Greek and Turkish are the languages used by the people in Cyprus. Among these English is the major language used widely, which helps very efficiently in business sector. Excellent mode of communication by Air and Port connections are available for the companies to make use of. It also provides efficient banking facilities.

How to Register a Company?

• It can be registered through agencies which are now available in large number.

• The proposal is sent by the agency to Registrar Of Companies.

• First, the application should be filled and submitted to the agency.

• The required documents mentioned should be disclosed along with is, that is photocopy of shareholder’s passports along with the bank reference letter.

• The proposed company names are submitted to the Company registrar which takes two to four days.

• If an approved name is selected then the duration can be reduced for registering.

• As soon as the company name is approved the articles and memorandum for the company is prepared.

Important Points:

• A brief description about the activities taking place in the company should be provided to prepare articles and memorandum.

• At least one shareholder is required.

• At least one director is required for the company who may be foreign or local.

• A registered office address in Cyprus must be specified as well as a secretary is needed for each company.

Administration:

Records should be maintained by each company in Cyprus and also the yearly audited statements should be submitted to Company registrar and Inland Revenue.

Following documents are produced following the registry of the company:

• Articles and memorandum of the association is prepared in the language of Greek or it can be translated into English also.

• Incorporation, shareholders, director and registered office certificate are provided.

• Signed share transfer documents and signed resignation letters which are undated is provided to the nominee.

• The shareholder’s declaration of the trust is a must.

• The Deed of Indemnity is also provided in this. The owners indemnify the nominee for their actions.

Bank Accounts:

The bank accounts can be opened for the company by submitting the photocopy of above documents, with the owner’s passport copy, with the bank reference letters and also the bank account for the company can be opened in any part of the world.

Thus it provides a great efficiency in opening a company in Cyprus.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

For International Business Companies (IBC), Cyprus is one of the important sites to establish their offshore branch to improve the growth and profit of the Company. The Companies are attracted because of the flexibility in the taxation and many facilities regarding the share profits. Cyprus has made double tax treaty with many foreign countries including major countries like China, India, Russia, United Kingdom and Canada. Cyprus offers many opportunities to the share holders of the investing Company.

Some of the advantages for the Companies which are planning to have an offshore branch in Cyprus are:
Effective and Excellent Double Tax treaties, Secured Banking Facilities, Limited control over the fund exchange, Privacy for the share holders and Annual Tax rate is around 10%.

Cyprus allows International Banks to have their offshore branches and operates in worldwide. Currently more than 30 banks are operated in Cyprus and have customers from all over the world. There are more benefits to the individual business man who is having their properties in Cyprus.

Many private firms are welcoming the foreign investors with various packages which are perfectly legalized and some are already registered.

Each IBC should register their company in the Cyprus Government and should follow the rules and regulations which are frames particularly for the offshore companies. There are also options to setup new company in Cyprus with new share holders from different countries. Some of the important procedures that should be carried out during registration are:

I. The first and foremost requirement for the registration is the Company Name. The Registrar checks the name, compares with the previously registered companies and grants approval for the further legal movements. If there are two companies with same name, it leads to problem of duplication.

II. The Company should submit the detail article about the company proprietors and share holders and how they are related to the company. It is mandatory to specify the number of shareholders and the important details about them. The basic requirement is 1000 shares and each valued as 1 euro.

III. The Directors and Secretary of the Company should be appointed from the local private organization, so that they know more about the legal system of Cyprus and helps more in fund transaction.

IV. The Company should posses the reference number which is mandatory for the fund exchange between the Central Bank of Cyprus and other International Banks.

V. All the Offshore branches of the IBCs should have a registered office address which serves for the administrative purposes.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

Cyprus is a place located in the Eastern Mediterranean exactly at the cross roads of the three continents namely Asia, Europe and Africa. It has both hot and cool climates. The area covered by Cyprus is about 9251 sq. km. Some of the languages that are spoken in Cyprus are Turkish, Greek and English. Many business companies are being established in Cyprus. Cyprus government has framed a law such that it permits the formation of many business entities. Cyprus branches of foreign companies, limited partnerships, private companies limited by guarantee, private companies limited by shares are some of the companies that are formed in Cyprus.

The reason why millions of business men have chosen Cyprus for establishing an international business company is because of its better tax planning. Cyprus will never offer brass plate companies. Greater tax incentives are offered by Cyprus because of its worldwide network of double tax treaties and also because of its favorable tax regime.

Specialty of Cyprus

Excellent air and port connections and telecommunications are available in Cyprus. Paphos and Larnaca are the two international airports available in Cyprus. It also has its ports which are located in Larnaca and Limassol. Cyprus may be regarded as a free enterprise economy. Apart from airport and port facilities, excellent bank facilities are also available in Cyprus. Both offshore and onshore banks are available.

Steps involved in registering a company in the island of Cyprus

• Application procedure for formation of an IBC

• The application form should be filled completely and mailed to them.

• The proposed share holder’s passport and bank reference (photocopy) should be sent to them using fax.

• Next the number of companies who proposed their names will be taken to the register of companies for approval. This generally takes about two to four days.

• After getting approval from the register of companies, the articles and memorandum of the association of the company are need to be prepared and should be sent to the register of companies for registration.

• To enable drafting, a detailed description about the main activities of the company is required.

• Some of the conditions includes that there must be a minimum of one share holder, at least one foreign or local director, etc.

• Finally a company secretary should be appointed and also the address of the registered office should be specified. These specifications are required by the law.

Certificates required:

Once the company is registered in the register of companies, some of the documents and certificates should be produced. Some of them are mentioned below:

• Certificate of share holders
• Certificate of directors
• Certificate of registered office
• Certificate of incorporation
• Declaration given by the nominee share holders

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.