Posts Tagged Cyprus Offshore Company
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 with cclogic.com
Posted by peter in Cyprus Company Formation on April 1, 2009
When you decide to go for a Cyprus company formation with cclogic, we strive to ask a few questions before we get started. Since it is essential for us and yourself that you Cyprus Company get started and formed correct from the very first beginning then it is important that you give us as much information as possible.
Cyprus companies can be incorporated in many ways and you will need to let us know what the purpose of the company formation is also who the beneficial owner will be and how many shareholders you have.
Examples for a typical Cyprus Company Formation beginning:
Cyprus Company as new registration with the Cypriot company formation register (companies house) with 1 shareholder and 1 director which is the same as the beneficial owner. The number of shares will minimum need to be 1000, which means nothing in regards to the costs to form the Cyprus company, the proposed share capital is 1.000 shares, whereas in Para 4, issued number of shares is 1.
Additional you need a registered office address in Cyprus for your Cyprus Company and a registered secretary which is required by the law.
Setup costs EURO: 2.295.00 ~ USD 3.100.00
Nominee Directors and Shareholder
Some decide to go completely anonymous with their company formation in Cyprus, they decide to go for nominee shareholders and directors and by doing this, they will not be listed in the Cyprus company register at all.
Setup costs EURO: 3.075.00 ~ USD 4.200.00
Cyprus Company with foreign nominee shareholder and director
Finally some are in a hurry to get the Cyprus Company registered and start doing business, for this purpose we have always registered 10 Shelf Companies in Cyprus which are ready to be sold. A Cyprus Shelf Company isn’t any different than a new registration, it is just already registered and it takes less time to get started.
When you order a Cyprus Company which is already incorporated in Cyprus, we advice to make use of our nominee shareholders and directors services, those should be foreigners since your Cyprus company then will get the status as an International Business Company (IBC) and subject to 0% TAX.
Setup costs EURO: 3.865.00 ~ USD 5.250.00
For more information or ordering Contact Us or visit our Corporated website CCLOGIC.COM
Cyprus Company Formation with all benefits
Posted by peter in Cyprus Company Formation on March 29, 2009
Cyprus Company Formation
Cyprus Company formation gives you several possibilities which you can’t archive if you form a regular company. With a Cyprus company you will be able to incorporate anonymously which means your name will not appear in any company register even not in Cyprus.
Cyprus Company will give you more, a Cyprus company Formation will make you able to conduct business offshore but still have a European Company, which makes it much easier for you to obtain additional services but which also will give your Cyprus Company a good portion of trust from the beginning.
A Cyprus Company formation isn’t difficult, you will complete the process in 3 easy steps and you only need to provide a limited number of documents to get started, which are, a utility bill and a copy of passport, that’s all. Once you send your application to us, we will incorporate a Cyprus company for you, or you can choice a Cyprus shelf company if you like. A Cyprus Shelf company is an already registered Cyprus Company so you do not need to wait for the registration to take place.
A Cyprus company can give you the possibility to open a Cyprus bank Account which can be of great benefit if you are going to conduct business and need your customers to pay you by Wire Transfer. When you choice to make your Cyprus company formation anonymously you will at the same time have a anonymously Cyprus bank account.
A Cyprus Company is perfect if you are looking for a place to form a company where you don’t have to pay any TAX, archiving a 0% TAX with a Cyprus company is easy, you just need to have a foreign shareholder and director and your Cyprus Company will from that point be considered as International Business Company which is subject to 0% TAX.
A company in Cyprus is the only type of company which can archive all this benefits compared to any other country or company formation.
Do not look any further, contact CCLOGIC.COM for your Cyprus Company Formation, beside the Cyprus Company services we also offer the opening of Cyprus bank Accounts and additional other services.
Anonymous Bank Accounts and anonymous banking how?
Posted by peter in Cyprus Bank Account, Cyprus Company Formation on February 24, 2009
Are you seeking anonymous banking facilities for your corporation or just for you in person? Then read here we will show you a few ways to easily and without notarized documents to become a business or personal bank account as easy as say 123.
That said then we will have a few things in place before we go an apply for an anonymous bank account in an offshore jurisdiction with an Offshore Bank for instant in Cyprus.
You will need a reference letter which can be obtained by your existing bank, a lawyer or certified accountant the last one you can find looking up in your phone book.
Next you will need a Utility bill which can be a phone or electricity bill, or you can make a copy of a reason bank or credit card statement.
Finally you will need to have a scanned copy of your passport or any other picture ID which is issued by some authorities of your country.
That’s it, now we are ready to apply for an anonymous Offshore Bank Account with an Offshore Bank in an Tax Have jurisdiction.
What you will do is to find a European offshore jurisdiction which could be for instant Cyprus and which have a good bank secrecy. In the Offshore jurisdiction you will need to find a Agency service which often is doing Offshore Company Formation and Offshore Bank Account opening services at the same time together with TAX planning for Offshore corporations and entities.
Don’t know where to find such an Offshore Corporation service? Wait and look at the very end of this article.
Now you have your documents ready, you have found your Offshore Jurisdiction and you found an Agency service which is dealing with offshore incorporation and Offshore Company formation as professionals.
Ask for the Banking application, ask if they have some Online Internet Banking, if you need to visit the Offshore Jurisdiction where the Bank is located for instant Cyprus and ask if you need to visit the Offshore Country / Tax Haven. In 99% everything can be done online without you to have to travel anywhere. Most Offshore Banks will open account through Offshore Company registrars also called Offshore Company formation agencies or trust services. You will complete a few application which are send electronically to the Offshore Agency service which again will send it to the Offshore Bank they work with.
The entire step take about 5 – 8 days!
Wait, how do I get an anonymous Offshore Bank Account with Online Internet Banking, multi currency and an offshore debit or credit card?
If you open a Cyprus Offshore Bank Account as a personal bank account, the banking secrecy will protect you at a certain level, but to get 100% anonymous offshore bank account, you will need to register or incorporate a Cyprus Offshore Company. The offshore company should be registered with foreign nominee directors and shareholders and you will need them to sign the documents for the offshore bank account opening you will get the Online Offshore Internet Banking pin codes and only you will have access to your offshore bank account, they will not have access to any of your moneys.
For Cyprus Offshore Company Formation and Cyprus Offshore Bank Account opening without notarized documents and 100% anonymously please contact CCLOGIC LLC we have several years of experience in the fields and work fast, secure and professional.
How to avoid paying TAX with your Cyprus Offshore Company?
Posted by peter in Cyprus Company Formation on February 17, 2009
We see more and more false information in the forums around about Cyprus Companies and the impossibility to avoid paying TAX with such company.
The problem many people have is that they want to be anonymously and at the same time don’t want to pay TAX, that’s almost not possible.
Below are 3 ways to structure your company and still not pay any TAX as a foreigner:
1. You register your Cyprus Company as regular and don’t choose any Nominee Share holder or Director but register yourself or a business partner as director and shareholder, this will give the company the status of a foreign business company (International Business Company) owned by non Cypriot’s. The company now doesn’t need to pay any TAX! The beneficial owner of the company, the directors and shareholders will be public available in Cyprus.
2. You register your company with a nominee shareholder and director and you will have a 100% anonymously company. This will don’t give you any benefit for avoiding TAX a 10% TAX is payable on the company’s net profit.
3. You establish the company with the director and shareholder to be a foreign company, this could for instant be Belize, Panama or The Netherlands Antilles. This will give the company the status of an IBC (International Business Company) and the TAX that has to be paid is 0%. This constellation will also give you a 100% anonymously company.
We have several ways to help you in regards to avoid TAX and also become anonymously.
Please contact CCLOGIC LLC today for your Cyprus business setup and we will be more then glad to help you.
How do nominee shareholders and directors can be useful to my new corporation?
Posted by peter in Cyprus Bank Account, Cyprus Company Formation on February 13, 2009
The question has been asked by many of our clients which want to incorporate their business in Cyprus but don’t have the experience yet of such an advanced and powerful step.
To explain it I will start to say that it is in any way mandatory to have a nominee shareholder or director for your Cyprus company formation.
A nominee shareholder:
This is a person which is a Cypriot and which is acting as shareholder on behalf of the beneficial owner of the company and which can be any person as long as he is a resident of Cyprus. (for this purpose)
A nominee director:
It is almost the same as a nominee shareholder, the different lays in that the director will have a power to act on behalf of the Cyprus Company and can finalize business deals on behalf of you without prior notice.
When we go and register Cyprus companies and our client’s business is of nature of where they are not willing to release their own identity (this can be for many reasons) but rather will have the entity operating as a anonymous vehicle to operate their day to day business, then we advice to use the instruments of a nominee shareholder and director, this will absolutely give them the best protection of identity and beneficial owner release.
Now that said, we get many questions each days for people wanting to register a Cyprus Company and which want to stay anonymously how they can be sure that the nominees don’t withdraw moneys from their accounts and how the beneficial owner can act on behalf of the company!
First of all, a beneficial owner of a Cyprus Company will become a Power of Attorney ( POA ) which will last for a period and which can be renewed upon request at any time. With the POA the beneficial owner can act on behalf of the company as would it not exists, bank accounts can be opened, business contracts can be signed and all the daily tasks can be fulfillment and be legit.
It is an obvious question to ask if the Nominees will run with your moneys and even think about it, first of all the nominees we use are all employed by our company or business partners, they only act as the term says Nominees, they won’t have access to clients bank accounts, basically to the reason that they will never see the account number, the pin codes or have the password for the Internet Banking facilities which comes with the opening of a Cyprus bank Account.
Except that, then a nominee shareholder and director will have a agreement with the trustee that will responsible for the company which disallow them to act on behalf of the clients company without written accept by the client. In fact they even not have the power to do so.
For more information on Cyprus Company Formation, please visit our website.
Please also visit our Merchant Services Offshore Discussion forum to get answers to any questions you might have and to see what others are doing.
How to start a new business in an offshore jurisdiction / Tax Haven!
Posted by peter in Cyprus Bank Account, Cyprus Company Formation on February 1, 2009
While I started a new business for years ago I was thinking of just to register a local company and get my business started without in any way to consider going offshore.
Since the business I was doing at the time involved many customers and business partners from outside my country, then I was slowly introduced to the Offshore World because many of the partners I had already knew about the benefits, it was only me that just found it strange with all these different tax haven countries.
I started to do some investigation about how to get a company in a tax haven, to find information by my local authorities and made some research on what others have to say about it. The response was massive and not to mention people were freaking out while asking this question, is there any benefit for me to incorporate a business in Cyprus?, I should never have asked.
People which conduct regular business as usual and which trust their government and the political stability in their country will never participate with such activity.
I decided to go my own path and started with an Agent I found through Google, it was one of those links on page 1 searching for Cyprus company formation, I was lucky and the guy helped me to get everything done, it was a seamless process I just need to provide some ID a reference letter and then sign a few documents and return them by post mail. A few weeks later I got all the documents and Apostil and took them to my lawyer, since I wanted him to verify everything was ok, and it was.
Now I had my first Offshore Company in Cyprus and I decided to use it as my Holding company for some extra protection in my future business venture. I registered the Cyprus Holding Company with the authorities in my country, so that they were aware of it and to avoid any troubles in the future. Next step was to have my Cyprus Holding company to register a local company which was a LTD , and everything was approved by the authorities no questions asked at all.
Today I have still my Cyprus Holding Company and I still use it for the same, I have several local and International companies registered by this Cyprus Holding Company and without any troubles, if some of the business vehicles don’t do well I just liquidate them.
So now what is my point?! Well, the point is, it is not rocked since to get a Offshore Company in a Tax haven, nor it is complicated to have it registered, and the possibilities are many not to speak the protection and anonymity you become if you are doing it right.
If you are looking for an easy and not expansive way to get your Offshore Company registered I would defiantly go with cclogic.com they are capable to do the registration fast and they are also reliable.
If you look for a Cyprus Bank Account with a Debit or Credit Card, then they are also able to help you, they work with one of the largest banks in Cyprus and you get everything you need and as you know from your local bank, from Internet Banking to Multi Currency bank account.
The major benefits of establishing an Offshore Company for instant in Cyprus!
Posted by peter in Cyprus Company Formation on January 21, 2009
Much have been said about Offshore Company Formation and especially company formation in Cyprus, we have been through the topics of assets protection, how to establish an Offshore Company for instant in Cyprus and Offshore companies in other countries.
While we try to give you in depth going information about the phenomena “offshore company” to prepare you for starting your own offshore company in all areas of the world and of course also for establishment of Cyprus Companies, then we decided to highlight a few things which we think are of interest for you and has some grade of importance.
It is a fact that you are able to hide and shielding assets from creditors and other claimants and that it is an efficient way to use an offshore corporation for this purpose, many will define this step as illegal and unethical, however this isn’t your problem, since to operate a offshore company is not illegal as long as you comply with the local regulations in the jurisdiction the company formation take place.
Some say “ Corporate vehicles can also be misused to hide and shield assets from creditors and other claimants, such as spouses, heirs, and tax authorities” Again true. And they continue
“ The obscurity provided by certain types of corporate vehicles can be exploited to conceal the existence or ownership of assets in order to keep them out of the reach of creditors and other claimants. In some bankruptcy cases involving individuals, for example, funds have been siphoned out of one jurisdiction through shelf companies and trusts incorporated in other jurisdictions where it was extremely difficult to trace beneficial ownership”
So you are good Sherlock and I think in many cases it is not ethical right to hide and protect your assets from other peoples, creditors or any claimants, however, there are circumstances in which I believe it is a great to use your offshore vehicle as for this purpose. I have seen some cases where a 100% legit company was driven by an entrepreneur and which only hardly got the thing to take off, so he decided to take in partners which was people from the big business, what they did, they cheated the a.. out of my client and he was left with only a few percentage left of the company he started and with a huge load of owing money to others. If something would go wrong he would have lost everything if the client hasn’t protected his assets through an advanced offshore company structure before he started. The business partners took over the business and threw him out, in the believing that they could manage the business themselves.
I advised my client to strike off his position as manager and to leave the company and go. So what this story tells is that it would have been a disaster for this person if he wasn’t able to use an offshore corporation as instrument for protecting the assets.
Some examples of misused offshore vehicles are below and which the author of this article of course not comply to or in any way find acceptable, but it gives an idea of why authorities worldwide are chasing offshore corporations driven by experienced business people.
For instant it has been reported that former Philippine President Ferdinand Marcos used a number of Lichtenstein foundations to hide money stolen from the Philippine treasury. This is obviously not correct and something he needs to be punished for by court order.
Thank you for your reading and we hope to be able to serve you once in a while when you decide to register a Cyprus Offshore Company or need a Cyprus Bank Account or just want to Accept Credit Cards on your Website. Then please contact cclogic.com | Please also feel free to visit our Merchant Servise Discussion Forum
Where to find a reliable offshore agent that wont fraud me ?
Posted by peter in Cyprus Company Formation on January 12, 2009
That’s the headline I saw on a forum for some time ago, and I thought I would give it some input for others to be aware of.
The most important thing to know before you ever choice any one is, that on the different forums and blogs you find on the Internet there are a lot of people that will scam you if you are not aware of some points which are easily to remember.
I have seen many forums where people ask for questions to the Offshore Company formation and related services, and it take less than a few minutes then you will see a first time poster, which claims he knows a service or he has used this and that service. Strange that this is the first time he is posting and then also advertises for some other service. It could be true but in 80% of all the time this going to happens; it is the business owner or some affiliate which is doing forum promotion. If you decide to click on the link available then you should carefully look at the website, how is it designed, is there any contact information, do they inform you about the privacy policy (which in the Offshore company formation business is an important factor) do they show their phone number? If so, you should give them a call to see if there is someone on the other end.
Also an important thing is, that there are so many affiliates and resellers out there, that want to make some quick money in the Offshore company Formation business but they don’t even have a offshore company by them self or have a clue about what it is all about. So ask some relevant questions, of course they are not TAX or Legal Advisors but the most basic questions they should be able to answer.
Next thing is, when it the domain name registered, and is it on a shared hosting solution or is it a dedicated server. Many fly by night companies are on a shared hosting plan, since you can get them for about $ 5,- and if it don’t work you can go.
The real companies in the offshore company formation business, have a professional website and are hosted on dedicated servers, often because they have some back office running on the same server too. And of course due to uptime.
In the past I wrote another story:
If you are considering setting up an offshore company then it is advised you look for a reliable and well established agency to help you. As well as having the relevant knowledge and experience they have the experience needed in this area and know all the laws and will be up to date on any changes in these laws. Your business relationship with the agency will be founded on trust, if an agency isn’t trustworthy they would soon be out of business themselves as no-one would want to do business with them. They can offer your company offshore banking and other professional services that go along with it.
This was all about the same as I try to outline here, a few points was missing which I want to make up with now.
If you find a Offshore Company formation service which promise you that you don’t need to supply them with any ID or documents that proof your identity then you should be careful, since this is a must, even if you go and open an anonymous offshore company.
Above are the basic which you should check carefully before you are decide to go further with any services.
For offshore company formation and Cyprus bank account, please contact cclogic.com.
Offshore Company Experts
