Archive for category Cyprus Bank Account
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 »
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.
When you considering entering into the online business of any kind, a Cyprus company formation is one of the best choices you can make. A Cyprus Company can open bank accounts in Europe and open Merchant accounts to accept credit card payments.
It is not difficult to register a company in Cyprus, the only you need is to complete a application, have a copy of some picture ID and a electricity bill.
A Cyprus company can be registered with nominee shareholders and directors which mean the beneficial owner of the Cyprus Company is not revealed on the public register of companies in Cyprus.
Once the Cyprus Company formation has taken place you can start with the opening of a Bank Account in Cyprus which also is a easy process, the bank account comes with advanced e-Banking where you have access to your bank account through the Internet 24/7/365, from the e-Banking you can directly send International Wire Transfers. For your Cyprus Bank Account you will also become a Visa Debit card which can be used on any ATM worldwide.
Now you have a Cyprus Company and a Cyprus bank account, in order to accept credit card payments on your website with a European Acquiring Bank and a European Payment Services provider, you will need to open a Merchant Account, the applicant for this Merchant account is the Cyprus company and the banking details are your Cyprus bank account.
The Acquiring banks in Europe accept companies from Cyprus as merchants and it is not that complicated to get through the process to become a Merchant Account for the Cyprus Company, but it needs patience and to be pro active, those two are the main reason for why merchant fail to complete the process of becoming a merchant account.
Your Cyprus Company will give you 100% assets protection when it is setup correctly, failing to do so can harm your protection, further a Cyprus Company which is registered as an International Business Company can conduct business worldwide but not in Cyprus, due to this regulation the IBC Cyprus Company is subject to 0% tax which is the reason many choose to register a Cyprus Company as IBC.
For more information on how to get the complete package of a Cyprus Company, Cyprus Bank Account and a Merchant Account for this company, please visit our website or contact us, we are more than happy to serve you.
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.
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.
If you decide to take your business offshore for instant in Cyprus it is highly recommended to make a good planning for what you need, how you want to set everything up and what the outcome should be.
The best you can do is to write everything down, make a brief description of what it is you want it to be and what you expect once everything is done.
We have such many new client requests which just asking us to open a Cyprus Offshore Company and a bank account, some have not considered what it is they are going to use it for, they open the company (which is pretty easy) and then want a Cyprus bank account for this company but fail to deliver the few required documents we ask for or they become everything ready but don’t use it in fullest.
We think it is time to explain a few general and basic about how to make the prober Offshore Setup to conduct business for instant Online.
Do I need a nominee shareholder and if so should it be a local or foreigner?
First off, you only need a nominee shareholder if you want the company to be anonymously or if you want to avoid paying any TAX on net income.
If you reason to choice a nominee shareholder is to avoid TAX you will need to choice a foreigner, which we also provide. If you want to use a nominee shareholder because you don’t want to be listed in the public register of Cyprus ( become a anonymous company) you can choice a local shareholder, in anyway you only need one.
Do I need a nominee director (local direct) and if so should he be a foreigner?
As explained above in the chapter about nominee shareholder then almost the same apply for a nominee director, it depends very much on what it is you want, is the reason to avoid paying TAX or is it to become an anonymous company! If it is the first you need a foreigner if it is the second one, you can use a local director.
Do I need to have a nominee shareholder or director?
No not at all, you can just incorporate your Cyprus Company in your name or your local company’s name, you just need to bearer in mind that you will be listed at the public register in Cyprus, but you won’t have to pay TAX at all for this Cypriot company.
Also you can open a bank account in Cyprus for your company which is what many clients do. Whether the account is kept anonymously or as a regular business bank account depends on how you made your Cyprus Company structure as described above.
With your Cyprus Bank Account you can send and receive International Wire Transfers, you will become a IBAN number for your account and e-banking (Internet Banking) from where you can manage your bank account 24/7/365. The Cyprus Bank Account can be opened as single currency account (with only one currency of your choice) or as multi currency bank account where you can choice from the currencies EURO, USD, CYP, GBP.
Typically it takes about 4 – 5 days after we received all your original documents for the opening of the bank account to have the account opened, additional 14 days for the codes to be generated and send to your address for the internet access (e-banking).
Another thing which we often get asked is if it is possible to become a merchant account to accept credit card payments for on a website with this company.
Well, yes it is, you can open a Merchant Account and you can use your Cyprus Company for the opening of that account as well as a regular bank account as explained above. However, we don’t work with any bank in Cyprus in regards for the Merchant Account opening, so we use some Banks in Europe which have specialized in this. The moneys can of course be transferred to your Cyprus Bank Account which is connected to your Company in Cyprus.
What are the steps to get started if I would like the full scale of your services?
This is also a question which we get asked often, and to clarify, then we always start with the company since we need this in place to be able to sign a bank account and/or a merchant account on behalf of the Cyprus Company.
Once the Cyprus Company is established (which in average takes 7 days) we go ahead and open the Bank Account with a Cyprus Bank and then we go and apply for the merchant account, since the Acquiring Banks which do the credit card processing will ask for the company details and the banking details before they open the Merchant account, therefore it is important to have the Cyprus Company and Cyprus Bank account in place first.