Posts Tagged Holding Company
New Registered Cyprus Holding Company
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Well, you should know that registering a company in Cyprus is really quite easy, and you could benefit a lot when it comes to saving tax, protecting your assets and even your privacy. All it takes is just a few often weeks, and you can save yourself all the hassle. Having that Holding company structure could be the best thing you ever did, and as owner, you would get loads of advantages. If you register your holding company in Cyprus with us, you will be free to register subsidiaries, who would be conducting regular business – and their profit would be transferred to the main Cyprus holding company without having to pay any tax whatsoever. You also get enhanced privacy, and of course – we assure you that your assets will be well protects – be it equity or property. So your creditors cannot access your assets in any way.
Cyprus company formation could be hugely beneficial, so it’s a good thing you have come to us. Your holding company must firstly be registered, after that, your subsidiary can be registered. All this is devoid of any difficulty, your satisfaction is our priority, so we leave no stone unturned to make sure you don’t face any hassle. You would also need to open a bank account in Cyprus, for both your companies – they are usually taken care of by the Cyprus Company Formation Agency, and they would also be looking after the incorporation for you. In fact, if you have an offshore company registered in Cyprus, you can save yourself the trouble of bothering with documents, and just use that for the registration of your new company.
Registering your company in Cyprus with us would cost 1.495.00 Euro, or 1.975.00 USD. However, there are other costs you must bear in mind – like company secretary, registered office, nominee directors, nominee shareholders, foreign nominee shareholder, and foreign nominee Director. Remember that Cyprus company formation would be a great way to be tax-efficient, and conduct business on an international level. We assure you it would be the best corporate structure to help you achieve your business objectives. You can have freedom in trade, financial, monetary, business, investment and labor markets.
When considering a Holding company structure a Cyprus Company Formation can be of great benefit for the beneficial owner of the Cyprus Holding company. A Cyprus Company Formation can take place very quickly and if registered accordantly a Holding Company in Cyprus can be formed. Read the rest of this entry »
Well, first of you will need to register a Holding company in Cyprus which is a very simple process, make sure the Cyprus Company Formation takes place as an IBC and that it is not registered for VAT.
The first Cyprus company we register now has the only purpose to be a holding company therefore we do not need any VAT registration but we what we will need is a bank account with a Cyprus bank.
The registration of a Cyprus company as a holding company takes about 7 days as well as any regular Cyprus company formation takes, the time frame depends on name approval by the Cypriot authorities, if the company name doesn’t matter a instrument to speed up the registration process, is to buy a Shelf Company (Ready-Made company) in Cyprus, here we will only wait for a change in ownership which properly only takes a few days.
Now we have successfully registered our Cyprus Company as an Holding Company and are ready to register another company which will be used for our business activities, best to do here is to register the company VAT and to have it registered with nominee director, even if it is possible to have our Cyprus Holding Company to be an director of the Cyprus company then it is advisable to have a Nominee director for that company. When choosing a nominee director the beneficial owner of the company will receive a POA (Power of attorney) which give full access to the company and to trade and close deals on behalf of this company, so no need to worry about this part.
Once the second Cyprus company formation has taken place you are ready to trade, the benefit to have a Holding company in Cyprus is for TAX purposes and for this company to receive dividend from the daughter company without paying any tax. Furthermore it is easy with a Holding Company in the Top of your company group structure to extend your activities to any other jurisdiction worldwide.
Your Holding company in Cyprus is also protected from any creditors that want access to it because of the daughter’s company liabilities which might not have been fulfillment.
Many private investors and business people have Holding Companies in Cyprus for the purpose to make small or large investments in other companies in non Offshore Jurisdictions due to the benefits of tax savings and privacy protection they get.
CCLOGIC LLC has specialized in the Cyprus Company Formation and opening of Cyprus Bank Accounts and is operating Worldwide, further to our activities in Cyprus we can also help with the Offshore Company Formation and Offshore banking in the Seychelles, Belize, BVI and several other offshore countries.
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.
The question has been asked by many people and companies who seek anonymity and a way to pay and receive money securely.
Browsing the Internet you will find many websites which pretend to give you guides on “how to get it” others tell you they have a good solution but no track record or proof that they really deliver what they promise. You will find a handful Offshore Agencies which will look reliable and have a wealth of products and services to offer but they require you to visit their place and will charge a fortune for a product which isn’t that expansive.
What you will need to consider is where your offshore bank account should be established, many places like Cyprus, Seychelles, Cayman Islands, The Netherlands Antilles, Bahamas and Uruguay are offshore havens which have a strict banking secrecy and who are able to open real offshore bank accounts.
Now you have some options and suggestions, however, to call up the banks will not help you since they will require you to visit them since they need to comply to KYc (Know your Customers), no you will need someone which already has established a relationship with the banks in the offshore havens, someone which can introduce your business case to them.
Many people believe that to become a offshore bank account and a offshore debit card is difficult and unreliable because they don’t know where to start. I have made it easier for them, visiting this blog and this article already brought you half the way.
The second most important thing to consider once you figured out where you want your offshore bank account to be, is who should go and help you, who is capable to introduce you to a Bank in an TAX Haven / jurisdiction and have earned the trust by the banks to really get your account approved. Surfing the Internet is a good start, however you will get that many hits that you won’t have a clue on who is able to help you and who just will take your money and run.
Important for you is to look at a certain website how it looks, what feeling you have with what they state they do and if they look reliable, if so, go and take their domain name and enter it into Google, find out what others have to say about the company or who they are linked with, if you find 1 to no comments on the company that could be fine but also a sign, then look at how good are they linked, how many websites are linking to them, many links from important websites can be a good sign, do they offer new clients to interact with them on a forum, ticket system, live chat or even a blog, if so, it’s good since fly by night companies would not put a lot of effort into such, often you will see 1 large page of advertising pitches and down the site a payment button, I can just say, stay far away from that. Others have built a good looking website but it has less to no functionality at all, stay away from such sites.
Once you have found your service agency you can ask him to help you to become the offshore bank account opened and to have a debit card for that account.
Look into what you get for the buck, some offshore banks only offer a bank account in one currency and no way to connect by any Internet Banking to the account, to withdraw money you will need to make a phone or fax order. That’s defiantly not a solution you want.
What you want is to look at a complete solution which offers you a multi currency offshore bank account with Online E-Banking facilities and a Visa or Maestro Debit card to withdraw money. You want to be able to have access to your offshore bank account 24/7/365 and make your banking business when it is convenience for you.
The well established banks also in Tax Havens will be able to offer you a quality banking platform to access your bank account, they will offer you multi currency facilities for several different major currency like USD, EURO, GBP and SF, you will have the account separated when you login through your e-banking access, and you will be able to make local and foreign bank transfers.
Hope you enjoyed this post and please feel free to contact CCLOGIC LLC if you consider to open an offshore bank account or offshore company in Cyprus.
For webmasters we offer a great opportunity to participate in our CCLOGIC Affiliate Program, visit our website for more information.
In the offshore company formation world and in all type of company formation regardless if it is a local company or a company formation in another country you will sooner or later ran into the possibility to have a trust to manage your company.
A trust can be a good instrument for forming offshore companies if you wont move to the country where you register your offshore company or if you don’t want to travel at least 2 or 3 times a year to manage the offshore company.
So what is a trust?
A trust is an important, useful and legitimate vehicle for the transfer and management of assets. Trusts provide an effective mechanism for managing assets given minors, individuals who are incapacitated, and others who are otherwise inexperienced in financial management.
Trusts can also be used to promote charitable purposes and for estate planning. In addition to personal and financial planning, trusts are increasingly used to structure corporate transactions, such as securitization programs, and employee benefits programs, such as pension schemes, international employee stock option plans, and compensation structures.
To create a valid trust, the settler is required to give up control of the assets he has transferred to the trustee. In turn, the trustee is obligated to observe the terms of the trust deed and has fiduciary duty to act honestly and in good faith in the best interest of the beneficiaries or, in the event there are no named beneficiaries, in the best interest of the trust. Traditionally, trusts are subject to limitations on duration, the terms of the trust are fixed, and trustees cannot be removed without a legal challenge. Lastly, the traditional trust could only benefit individuals or charities and could not be used to delay, hinder, or defraud creditors.
As with other types of corporate vehicles, however, trusts can also be misused for illicit purposes. Part of the attractiveness of misusing trusts lies in the fact that trusts enjoy a greater degree of privacy and autonomy than other corporate vehicles. Given the private nature of trusts and the fact that a trust is essentially a contractual agreement between two private persons, virtually all jurisdictions recognizing trusts have purposely chosen not to regulate trusts like other corporate vehicles, such as corporations.
Above are just a few example of usage and misusage of trusts and what they are and how you can use it. For offshore companies in general in is common to use trusts to manage the company.
If you are looking for Offshore Company formation with a trust, then please contact cclogic.com we have specialized in company formation, Cyprus bank accounts and offshore merchant services.
Many people when they hear the wording ‘offshore company’ relate it with crime and tax evasion and don’t think it is something that would apply to them. Although this is true in some jurisdictions there are many law abiding citizens who maintain offshore accounts all over the world. Most offshore banks enforce very strict rules and safety structures to prevent unsavory characters from opening accounts with them, after all these banks have to maintain a good reputation if they want to remain operating.
There can also be restrictions imposed on the type of industry in certain countries. For example, most countries don’t permit anyone to open a bank, insurance company or other financial institutions that are highly regulated.
If you should die unexpectedly, having an offshore company means that your estate will be put through a protracted probate process. Even if you have written a will, foreign countries will still look over your business dealings in detail before they let your relatives take your assets.
For Cyprus Offshore Company Formation, please click the link in this line
A bank reference will be needed from any personal bank account you currently have, this will be in the form of a letter and will be required from all the signatories, directors and shareholders of the account you are planning to open.
You also need to send the bank where you want to open the account a board resolution that choices the approved signatories. If you are hiring the services of an agency in your bank account application then they will be responsible for preparing this for you.
Once you have completed all the necessary documents and filled in the forms correctly ensure they are all signed and then they are to be sent together to the bank where you wish to open the account. Once your Cyprus bank account is open you can then make a deposit into it, normally this is in the region of 1,000 USD, 1,000 Euro or 500 GBP.
Any bank account opened in another country, apart from your own country, is considered an offshore bank account. Whether you are looking for a personal offshore bank account or a corporate offshore bank account the appeal of offshore bank accounts is the amount of tax you will save. Recently, rules and laws governing an offshore bank account have become a lot stricter. Any bank account holding over $1,000 USD has to be reported as income to the IRS, even if that bank account is located in a jurisdiction such as the Cayman Islands. Some companies and more affluent individuals choose to open an offshore bank account in the smaller sovereign states as they permit account holders to stay close to anonymous.
Continues at Cyprus Company Formation and Merchant Service Forum