Posts Tagged company in cyprus
Incorporate a Company in Cyprus
Posted by Offshore Expert in Cyprus Company, Cyprus Company Formation on December 28, 2009
Cyprus location is on the northeastern part of the Mediterranean at a cross of Africa and Asia that is a great area to kill two birds with one stone. This is the perfect area to have a business. To ensure that business runs on all days of the year it is a relief that the climate is composed of dry hot summers and mild winters which are enjoyed all through the year round with 300 days of sunshine. Read the rest of this entry »
Register Cyprus Company with CCLOGIC.COM
Posted by peter in Cyprus Company Formation on July 10, 2009
If you want to register a company in Cyprus, first of all, you will have to think of two or three alternative names for your company. These names will be submitted to the Registrar of Companies for approval. If the name suggested is already in use by any other company operating abroad, then a letter of consent is required from that company. In order to draw up the Memorandum and Articles of Association, the main objectives or purpose of the company to be registered in Cyprus must also be provided by the owner.
It is important that the company going to be registered in Cyprus has at least one shareholder, so that the shares may be registered in his name. However, in case the shareholder desires anonymity that can also, in most cases, be provided while registering a company in Cyprus. Company law in Cyprus also requires that every company in Cyprus, at the time of registration, should have a secretary. Another important legal requirement before registering a company in Cyprus, is the address of a registered office. Moreover, a bank reference is also required for each shareholder of the company. Any company to be registered in Cyprus must issue a share capital of at least 2000 shares, each comprising 1 Euro.
Foreigners no longer require the permission of the Central Bank of Cyprus to hold shares in, or register a company in Cyprus. Everyone, including Cypriots, Europeans and non-Europeans are treated equally, and the registration procedure has been overtly simplified. During the registration of the company in Cyprus, the beneficial shareholders need not be present in person. A company registered in Cyprus, comes into its own when used as part of a well designed international tax strategy.
Two ways can be taken while registering a company in Cyprus – the expedited and the non-expedited. Although there is no set time within which a company is registered in Cyprus, generally it takes within 10 to 18 working days. However, this period may vary depending on the workload of the Registrar of Companies, as well as whether the additional fees for the expedited service have been paid or not. The tax incentives in Cyprus, make it an attractive place for entrepreneurs who want to register ans start operating new companies and business corporations.
CCLOGIC.COM has specialized in the Cyprus Company Formation and opening of Cyprus Bank Accounts for clients worldwide, our satisfaction rate towards our clients is high, that’s why we register Cyprus companies on a daily basis for many clients all around the world. Beside the Cyprus company formation, we incorporate companies in Belize, BVI and the Seychelles as well.
Cyprus Company Formation, with great success
Posted by peter in Cyprus Company on July 6, 2009
If you are thinking about starting a company in a foreign country, Cyprus is one of the better places in the entire world to incorporate your business. This is true whether you are looking to form an LLC, an offshore corporation or and International Business Company (IBC). One of the lowest tax structures in all of Europe can be found in Cyprus, making it one of the most attractive and popular places to start an offshore company. A Cyprus company formation can be done quickly, efficiently and effortlessly in Cyprus with the help of a Cyprus company formation agent.
Literally hundreds of Cyprus company formations have been successfully completed and registered in Cyprus by thousands of people from other countries. These individuals include such people as attorneys, physicians and large corporations, etc. One of the reasons that a Cyprus company formation is so popular is that it offers many advantages over other jurisdictions. Cyprus is well known as an international financial centre that continuously attracts new offshore company formations. Your Cyprus company formation in will help ensure that your new business will enjoy limitless possibilities.
The very first thing you must do to form new company in Cyprus is to register it with the government. Once your company formation has been registered, all of your assets will be protected. You can enlist the help of a Cyprus company formation agent to help with the registration of your new company. CCLOGIC is one such agent that can help you incorporate your new company both quickly and painlessly. We have helped countless new clients incorporate their businesses in Cyprus. When you register you new company all of your assets will enjoy the benefit of a convenient and efficient tax shelter as a Cyprus company. Every company in Cyprus enjoys the benefit of the same low corporation tax, no matter what kind of business your company is. .
A Cyprus company formation will give you the ability to conduct online transactions within the European Union and your company will be able to establish a merchant account with one of the European Union banks.
An offshore company formation is a simple process that can be completed in less than one week. Anyone who has made the decision to proceed with a company formation in Cyprus will find plenty of professional services to help navigate the legal system as well as help with accounting, banking, merchant services and insurance, etc.
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 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 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.
Register a Cyprus company as IBC, how is that possible?
Posted by peter in Cyprus Company Formation on May 26, 2009
Registering a company in Cyprus isn’t difficult and the requirements are not overwhelming for anyone even not if it is the first time you ever register a company. The entire registration process only takes a few days to a week and is hassle free the offshore agency which will register the company for you in Cyprus is taking care of all steps and of the Cypriot authorities.
When you consider registering a company in Cyprus you should plan it and you should make it clear for yourself what the company is going to be used for and if it could be of benefit for you to have the company registered as an IBC (International Business Company) in Cyprus. A IBC is subject to no tax but requires the beneficial owner and shareholders o be foreigners and you are not allowed to conduct any business with other Cyprus companies and Cypriots in general.
The IBC has the benefit that you except the tax savings also can be anonymous, which in some case when people conduct business online is a requirement by the client. Others don’t care about the anonymity and just register the company with them self as beneficial owner and shareholder which automatically gives the company to qualify for an IBC registration.
An IBC company gives you the same benefits, asset protection and privacy as an regular Cyprus company formation just with the exception of the tax savings. However, you should never forget about your local laws in your home country which requires you to pay tax on income from this company, best advice is to ask some tax advisory service which will be able to tell you exactly how much tax you have to pa (if any) and which instruments are used to reduce the tax payment to a minimum.
Some of the key benefits having a Cyprus offshore company are the possibilities for assets and equity protection such company gives, also it is difficult for creditors and others to access your funds and assets this would require a local court order which obviously isn’t easy to get.
It is legal to move assets and funds between Cyprus companies without to be liable for any local tax also it is allowed to make loans in Cyprus companies which for new starting entrepreneurs can be of benefit and which aren’t allowed in many of the other European countries at all.
CCLOGIC LLC has specialized in the Cyprus company formation and the opening of bank accounts in Cyprus, in addition to our regular services we help clients worldwide with IBC registrations and to buy Shelf Companies in Cyprus (Ready-Made) companies.
Please do not hesitate to contact us or visit our website: Cyprus Company Formation
Is it possible to register a Cyprus Company anonymously?
Posted by peter in Cyprus Company Formation on May 18, 2009
Actually it is almost possible, a Cyprus Company formation can take place with nominee shareholders and directors, those nominee services are common to use when registering a company in Cyprus, since the beneficial owner won’t be listed on the public register of companies in Cyprus.
When registering a company in Cyprus it is important to know that there are two types of nominee services, the local Cypriot nominee’s and the foreign nominees, the difference are that if a foreign nominee service is used the company can be registered as IBC (International Business Company) which is subject to cero tax, however, the beneficial owner of that company will have to pay income tax in the country of residence.
Important to know:
- A Cyprus Company Formation with Cypriot nominee shareholder and directors pay regular 10% tax.
- A Cyprus company Formation with Foreign nominee shareholder and director is subject to cero tax.
- A Cyprus Company can always open a bank account in Cyprus also if the shareholders and director are foreigners.
- With a Cyprus Company you can register anonymously and your privacy and assets are secured.
- A Cyprus Company can register a company in another offshore jurisdiction and is often in that way hused as a Holding Company.
It is important that when you register a Cyprus company that you make sure that you know exactly what the purpose is of the registration and how and where you will conduct business with the company in Cyprus. Many fail and just register the company in Cyprus without to have a business plan or a final reason for it, which makes it less attractive for the owner and often the re-registration will need to be done within a few months because of the same.
CCLOGIC LLC is a professional Offshore Company Formation service provider which has many years of experience in the company formation and which is able to help with both the company formation in Cyprus and to open a Cyprus Bank Account for the company.
Do I need to have a company in Cyprus for my online business?
Posted by peter in Cyprus Company Formation on May 17, 2009
A Company in Cyprus can be of benefit if you are conducting business Online and if you decided to accept payments online. While many suffer when they try to become a credit card acceptance with an offshore company outside of Europe, they often will need to have a company in Cyprus.
To become a company in Cyprus isn’t difficult and it is done in some easy steps which almost in all cases can be completed within 20 to 30 min. and it doesn’t need to be complicated. Often the Agent which is registering the company in Cyprus will have some standard forms which just need to be completed and signed, this is then send electronically back to the agency which often is a Offshore company formation specialist and knows all steps.
Why should I need a European bank when I want to accept credit cards?
The reasons are many but often it is because of the accepted business and because it is often very complicated and expansive to have the merchant account or the Acquiring bank in an Offshore jurisdiction to handle the transactions for you. Our experience is that a company in Cyprus will give you all that what a offshore company for instant in Panama, BVI or Seychelles also have, but on top of this you will be able to have the doors open to also accept credit cards inexpensive and with a reliable source. Also the speed of Wire Transfers hit your bank account is incredible, it often only takes a day or two compared to an transfer which goes to a offshore bank it will take weeks.
When you considering a company in Cyprus you must look for the possibility to also be able to open a bank account in Cyprus, a Cyprus Company Formation without a bank account in Cyprus makes no sense and is often where most Agencies fail. The reason for this statement is that you will need to have a bank account for your company in Cyprus else the Acquiring bank (which is providing the credit card acceptance) won’t accept you as a merchant. The bank account in Cyprus which is opened in the name of your Cyprus Company will also give the company credibility towards the banks since there is already one bank which have made the due diligence on that company in Cyprus.
Don’t get fooled into any Agency which is trying to open a bank account for your company in Cyprus in a other country, it won’t work the same as if both is located in the same country.
For more information on how to become a company in Cyprus please visit our website, we open Cyprus Bank Accounts for the company and can also help with a company structure which combines several offshore jurisdictions in one solution and where the outcome is a 100% anonymous Cyprus Company setup for assets and privacy protection.
Offshore Company Experts
