Posts Tagged cyprus company
Cyprus Company Formation as Offshore Company, first choice?
Posted by peter in Cyprus Company Formation on May 25, 2009
When you consider registering a company in Cyprus you will also need a bank account for this company which typically needs to be opened in Cyprus. A Cyprus Company Formation can take place by just providing a few documents and isn’t any difficult.
The major benefits by choosing to register a company in Cyprus are that Cyprus is part of the European Union which opens the door for a large number of banks and financial institutions. It is important that when you register you company in Cyprus then you can’t open a business bank account before the company has been registered, some might think it can be made in one task (both company registration and the opening of a bank account in Cyprus) however, you will have to wait until the company has been approved for registration with the authorities in Cyprus which often is a process of 7 days.
Further, it is important to make it clear to your offshore company registration agency what you plan to use the company for and how it should be structured. For instant in Cyprus it is possible to have the company registered with nominee directors and shareholders which will gives you another level of protection and hide the beneficial owner of the Cyprus Company from the companies house in Cyprus. When using nominee shareholders and director you can still open a business bank account in Cyprus for the company and you will still have control of the company as if you would be the official director and owner of the company, it makes no different, this is ensured through a P.O.A. a power of attorney which give you the rights to act and close business deals on behalf of the company and will not limit you in any way.
When registering a company in Cyprus with nominee shareholders and directors it also means it is like
anonymous company, when this company opens a Cyprus bank account it means the bank account will also become anonymous which as another level of security is protected by the banking secrecy in Cyprus.
Compared to many other offshore jurisdictions and low tax countries, a company registered in Cyprus will give you more benefits, more freedom to act and no limitation on whatever company structure you might need or whatever business you want conducting through this company. Furthermore a Cyprus Company Formation gives you the largest number of banks and financial institutions available that also really would like to enter into any agreement with your company
CCLOGIC LLC is specialized in the registration of companies in Cyprus and the opening of Cyprus bank accounts. Please do not hesitate to contact us for more information or visit our website.
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.
A Cyprus Company when you need a reliable financial package
Posted by peter in Cyprus Bank Account, Cyprus Company Formation on May 16, 2009
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.
Cyprus Company for Online Businesses and to accept credit cards.
Posted by peter in Cyprus Company Formation on May 9, 2009
Cyprus Company formations is for businesses outside of Cyprus and which are for any reasons located in a jurisdiction for where it is impossible to become a Merchant Account (to accept credit cards on your website) and a Cyprus Company Formation can have a big impact on the decision of the bank or PSP you go and apply with.
Why should I go for a Cyprus Company Formation?
If you have been in business Online for some time then you know how difficult it can be to become a credit card acceptance. If you want to apply with an European bank you will be declined. With a Cyprus Company it is different. Since Cyprus is within the Europe it is possible with many banks around to become a merchant Account. With a Cyprus Company Formation you will not only have a European company you will also have your business incorporate in a low tax country in Europe and it is legit.
Compared to many other offshore jurisdictions then a Cyprus Company Formation offers a wide range of possibilities to conduct legal business worldwide, you are not limited to any specific bank or service provider which is asking for fees which are plain ridiculous and you will own your company not the payment service provider.
Just within the last 6 month we have incorporate and helped successfully more than 100 clients to become a merchant account while they incorporated their company through our services.
CCLOGIC offer free (free = no setup fees) Merchant Accounts and Payment Gateway services towards clients which make use of our company formation in Cyprus, also we offer very competitive rates on our merchant services which are almost unbeatable by any other European payment service provider.
Can I also have a bank account for my Cyprus company?
Often when new clients enquire for a Cyprus company formation with us we are asked if it is possible to become a Cyprus Bank Account for the company, and the answer is, YES of course you can. When considering to go offshore the Company formation is the easy task, the opening of real offshore bank accounts is the most complex part and is where many fails.
With our outstanding services and connections to several banks and partners worldwide we are able to provide you with a complete and professional solution, our success rate is 99% in regards to complete the process of an incorporation including a merchant account and a Cyprus Bank Account, this figure isn’t something we digged up, it is real and we put a great effort into showing our client loyalty and to provide the real solution which makes our company outstanding.
Contact us today to become Cyprus Company Formation, Cyprus Bank Account and a Merchant Account
Cyprus Company Formation as a low tax company structure.
Posted by peter in Cyprus Company Formation on May 1, 2009
When planning your company structure you will certainly also consider the tax you will have to pay when your business get’s successful.
With a Cyprus Company Formation you will be able to have exactly this point in focus, the importance to have the Cyprus Company in the Top of your company structure can’t be denied. If it is a complete new business you are starting, then it is important to do things correct from the beginning, making any corrections later on can be difficult and might in many case course additional costs.
How should I start?
To register a Company in Cyprus isn’t any different than registering a local company, you will need to consider a lot of other factors first and do a thorough investigation of your market and which facilities you will need, for instant you will need a bank account for your Cyprus Company, if you are conducting business Online you will also need a Merchant Account to accept credit card payments, however, If the Cyprus Company should act as a simple Holding Company you will only need an bank account in addition, it is of great benefit to have a Cyprus Company as a Holding Company and maybe have another company in Cyprus below in the chain of your company structure to conduct the business.
Regardless where you will be placing your Cyprus Company in your structure, then once the Cyprus company formation take place, you will have many options available to quickly extend your structure to also include additional companies in other offshore jurisdictions.
The major benefits of a Cyprus Company are shortly explained below.
A Cyprus Company with local shareholders and director’s only pay 10% Tax and 15% Vat (if registered for VAT), which makes this country the cheapest TAX country throughout Europe.
A Cyprus Company registered as IBC (International Business Company) is subject to 0% TAX but requires all business to be conducted outside of Cyprus and foreign shareholders and directors.
A Cyprus Company is always registered as limited liability company(LLC) or limited company (LTD)
It is easy to become a multi currency bank account for your Cyprus Company once the company is registered. The banking infrastructure in Cyprus is “state of the art” and they have a strong banking secrecy in Cyprus.
The possibilities are many; let us know if you need any further information or if we can be of help for your Cyprus Company Formation and Cyprus Bank Account.
How to become a Cyprus Company and where to register a Cyprus Company?
Posted by peter in Cyprus Company Formation on April 22, 2009
To be able to become a Cyprus Company you will need to find a professional Cyprus Company Formation service Agency, which has specialized in the company formation in Cyprus.
To register a Cyprus company it doesn’t need a lot, the only thing you will need is a copy of your passport, a utility bill (phone or electricity bill) and to sign an agreement for the Agency to register your Cyprus Company.
You can register your company with cclogic.com which is specialized in the Cyprus Company formation and which has the application required online.
Once we receive the Application form for the registration of your Company, we will get in touch with you to complete the registration process. For your Cyprus Company you are able to become a Cyprus Bank Account which can be used for your day to day banking business.
Did you know that Cyprus has some large regulations towards Online Casino’s and online gambling in general? Many Online Casinos are registered as a Cyprus Company because of those regulations, furthermore the Financial Sector like Forex Trading, eCurrency services and payment services in general are one of the main reasons for corporations to incorporate a company in Cyprus.
This is not all, since Cyprus has the lowest V.A.T. and TAX in Europe it can even for regular business be of great benefit to incorporate a Cyprus Company, since they will be able to offer their services and products cheaper than the competition. Also with the right TAX planning it is possible to avoid TAX at all and that without hiding it from the TAX authorities.
Let us know if you would like to become more information about all the possibilities a Cyprus Company can bring you, we are always happy to help.
Cyprus Company Formation and your business
Posted by peter in Cyprus Company Formation on April 10, 2009
Regardless if you are an Online or Offline business you will have a great benefit of becoming a company in Cyprus. With an Cyprus Company Formation you will set the start to high profits on net income, you will have the highest possible assets protection possible and you will be subject to 0% Tax, 3 reasons for why you should read on here.
When you start doing business or you are already a established business you will quickly come to the conclusion that you need to increase your profits and you will get an easy way to supply your consideration with looking in to a company formation in Cyprus. Due to the fact that you as an International business Company will be subject to 0% TAX and a VAT which is only 15% you will increase your net income dramatically. It is widely used by Cyprus Companies to conduct business with other Europeans through this entity even if the product or services is rendered through an business located outside of Cyprus.
For instant if you setup your business structure in a way that you are able to render your services or products through the Company in Cyprus then you will only need to invoice your customers with an 15% VAT which is the lowest VAT rate in Europe, this will make your services and product’s more attractive towards your customers and it will set you in front of your competition. The best thing is, it is entirely legal as long as you setup your company structure correctly. What do you think new customers will do if they find your product or service up to 15% less the price which they will pay with your competition? Yeah, it don’t need an university grad to say that it is you they will order the product or service with.
Beside above a Cyprus Company formation will give you the benefits of assets protection and make it almost impossible for any claimant or creditor to access your assets in the company.
When setting your Cyprus Company structure right up, than you can conduct hassle free business, increase your income and net profit and set you in front of your competitors, this is the highest goal a business owner can reach.
When we help new clients to setup the right Cyprus Company structure we often suggest to do it as the following. First you buy a Cyprus Shelf Company which is only used as Holding Company and which isn’t registered for VAT but is registered as an Cyprus International Business Company, that’s 0% Tax here. Once the change of ownership is done and the Cyprus Holding Company is ready, you go and buy another Cyprus Shelf Company or just register a new Cyprus Company, the important thing here is, it is your Holding Company which is going to register or buying the Cyprus Company, this, you register for VAT but still also as an International Business Company to be subject for 0% Tax. Now you have the perfect setup, where, when you start earning money you will be able to transfer funds in between those companies as you like and no one will ask questions or ask you to inform any authority about this transaction. This gives you 100% assets protection, 0% TAX and only 15% in VAT rate.
CCLOGIC LLC has specialized in the Cyprus Company Formation and the opening of Cyprus Bank Accounts, visit our web site to learn more and to read how easy it is to become a Cyprus Company.
Cyprus Company Formation as an IBC or Shelf Company
Posted by peter in Cyprus Company Formation on April 6, 2009
Cyprus Company Formation; When you consider to register a Cyprus Company, you should consider the following 3 options you will have available and to choose from.
A Cyprus Company Formation isn’t any difficult and the most questions we get asked daily by new clients are what a Ready-Made Company is? Also when I try to register the Cyprus Company online, I need to fill a lot of fields which I’m not aw
are of what are about.
First, what is a Cyprus Company Formation?
When you decide to register a company in Cyprus it is a Cyprus company formation, and, can be done in 3 different ways.
- Shelf Company / Ready-Made Company or also called Pre Registered Company. All 3 terms are covering the same topic, a Cyprus Company which is already registered by CCLOGIC.COM and which we offer for sale, this speeds up the process compared to a new Cyprus company registration, and only need a change of ownership done. This typically takes 5 – 7 days. It is also the most used service we offer.
- New Registration of a Cyprus Company / Cyprus Company Formation, those two terms are covering the same, when you decide that you want a company in Cyprus and you wish to register it with a company name you decided, and, with yourself as beneficial owner and shareholder, then, it is the service you need from us. We offer Cyprus Company formation in as little as 7 – 14 days and it isn’t difficult.
- IBC Company in Cyprus, a Cyprus International Business Company, two terms again which are covering the same, whether you go with an Cyprus company Formation or a Shelf Company (Ready-Made) Company, you can decide to register it as an International Business Company in Cyprus, this requires that the company has foreign Shareholder(s) and Director(s) which is a service you can buy from CCLOGIC (if you don’t want to be listed public at the companies house in Cyprus) or it can be yourself if you don’t live in Cyprus. The IBC Company will be subject to 0% TAX.
When you register your Cyprus Company Online, you will be asked some questions on our Online application, which sometimes can be difficult to answer, however, we suggest you to complete the application best possible and at least with your contact details, once we receive your application we will get in touch with you by e-mail or phone or even by some messenger service if available.
CCLOGIC.COM has specialized in different Offshore Services which covering Cyprus Company Formation, opening of Cyprus Bank Accounts and to apply for an Offshore Merchant Account with one of our partnered Acquiring Banks and Payment Processing partners. Furthermore CCLOGIC is an authorized introducer for several of the major Banks in Cyprus.
Read also our latest press releases : Cyprus company | Shelf Company in Cyprus