Posts Tagged ibc
Many people think it is needed to visit the country where they decided to incorporate their offshore corporation.
To open a company for instant in Cyprus don’t need to a visit, all Limited Companies in Cyprus ( LTD company ) can be registered online through your company formation Agent in Cyprus.
The steps are very simple;
You decide which type of company you would like a Limited Liable Company a Limit Trade Company or even a IBC Company (International Business Company).
Next, you go and submit your documents which the Offshore Company Agent will require, typically a Phone or Electricity Bill and copy of Passport together with a brief business description, that’s all. The documents can be submitted securely online.
Now you will receive your Company Registration Application for your LTD, IBC or LLC Company and you just need to fill and sign and return the application, takes less than 5 min.
Within 5 – 8 days you are ready to conduct business with our Cyprus LTD or Cyprus IBC or Cyprus LLC Company. Cyprus Company incorporation is very easy and can be connected with a Euro Bank Account in a Cyprus Offshore Bank Account.
For more information please contact CCLOGIC .COM a duly incorporated company in Cyprus.
Firms choose to set up its office in another country to become an offshore company. An offshore company is one that can do business in the world or just within a country, but his seat or office is in another country. There are several advantages of having an offshore company, which are described here.
The main reason why the decision was made to set up an offshore company is to reduce the amount of taxes paid. Everyone must pay taxes and the best of your business and make more money than you have to pay more taxes for any company who pays the tax benefits can reduce a significant amount. How much tax you pay varies from country to country, some countries have very low rates and save on overheads.
Going abroad of companies pay less taxes and less expenditure on them in creating and maintaining a business in a foreign country. These courts can often offer better legal protection of the jurisdiction where the company makes most of its business. Because these legal protections for foreign firms in May choose to create a training company, if desired. Companies prefer to remain anonymous for a number of reasons such as not being welcome in some countries, industry is one of those online gambling, casinos and other sites in the game of cards, Many companies in this sector are based on the high seas in small island countries such as Cyprus, but most people who use their services, will be the United States, Canada, UK and Europe.
Although the formation of an offshore company has its advantages there are also problems associated with it. There are many companies that require particular the confidence that foreign companies cannot provide. Examples of these industries, banking, insurance and financial advisors, some of these types of industries are not allowed to operate through an offshore account. In the United States, any contractor who works with the Department of Defense and other departments involved in information security should be based in the United States, by law.
Another point to consider if you want to create an offshore company is the means that could be perceived by others. The company cannot be viewed favorably by which they are based. Given the current global economic crisis, consumers are not at all impressed by any company they see as the strengthening of others to enrich themselves, but foreign companies are not illegal are certainly regarded as a method of reducing taxes they have to pay and reduce their costs. These savings were made at the expense of the government of their own country and may be regarded by some as a tax and to avoid not only deprives the government of taxes, but also people living in this country.
The creation of offshore companies has become a way of dealing with many types of industries and a variety of reasons. If you’re looking for the creation of an offshore company, it is essential to find a company or a consultant who is reliable, and established to organize and manage the process in a dynamic and competent. For more information on this company and the creation of Internet in Cyprus can help.
Please also visit our Offshore Merchant Services Discussion forum ! For Cyprus Company Formation, please visit CCLOGIC LLC today.
We at CCLOGIC LLC are an independent consultancy and expert company, each of the individuals working for CCLOGIC LLC is handpicked from the industries which our consultancy services cover.
Our goal is to provide the most professional solution for our clients, we don’t want to be the cheapest and we do not enter into discussions about our fees.
We are that convince about our own performance that we only invoice a client if we are 100% sure not to fail our mission.
How do you differ from all the other companies?
CCLOGIC LLC is first of all compared to any other company in our industry, an independent consultancy firm, we are not married with any specifically bank or service agent to which we send all our clients. CCLOGOC LLC is extending their network of sub contractors each day and we know almost any aspect of the arena we are battling on.
In the opposite to many Payment Service Providers on the Internet which offer company formation, payment solutions or the opening of bank accounts and advertising strategies, then we have one thing in mind and what counts. If we haven’t put money into the solution we offer, why should our clients do? Our existing is because of the many clients who contact our company each day, we rely on them, and we want their reference on our client list.
CCLOGIC LLC is not in any way involved in any payment processing operations, nor are we involved in the day to day management of any Offshore Company or Offshore
Bank Account, no, we have used all our sub contractors for our own purpose (some of them for more than 5 years) and made our own experience with them, and they
are experts in what they are doing, that’s why we choice them as partners for CCLOGIC LLC.
The services CCLOGIC LLC offers are all in synergy with each other and that’s why we can handle all of them under one umbrella, we use them daily by our self with great success.
How we operate:
CCLOGIC LLC strives to deliver a fast, professional and reliable service to our existing and new clients, we won’t involve our self in any of our clients operations, and we don’t want to have access to our clients money. Also we want to have the right without any further details or discussion to discontinue the work with a client if we fell they are fooling us into a business we dislike or are just not honest about their entire business case. Most important to us is, we don’t want to waste our time on clients which don’t want to pay for the minutes and hours we are using on them, because they came to us because they had a issue they need to have solved, we didn’t contacted them.
Visit our Merchant Services Forum Today, where you will find much more information about Offshore Company Formation and Cyprus Offshore Bank Accounts
Banks corporate secrecy laws typically impose civil and criminal penalties for unauthorized disclosure of confidential information, including information on the beneficial ownership and control of corporate vehicles. These laws diminish the capacity of authorities to obtain and share beneficial ownership and control information when they not provide mechanisms for domestic and international authorities fulfilling their regulatory/supervisory or law enforcement functions to access records.
Above is part of an article we found on a website of OECD. The purpose of the entire article is to inform people about the illicit use of bank accounts for laundering money or to hide money from tax authorities.
The main purpose for an offshore bank account is to have it opened in the name of the offshore company to be able to get all the benefits from your offshore company operation. Beside the tax benefits and asset protections possibility, often such offshore vehicles are used to be established by people which live in countries where they are unable to open an bank account.
Another widely used reason for opening an offshore bank account and an offshore company is if the business conducted is Internet based. The card associations has divided the world in about 6 regions and prohibit people from one region to clear credit card transactions in another region then where the company and the business is conducted. To work around this problem it is common to open an offshore company which fells into the region of where the Acquiring bank is located with whish the transactions should be cleared.
Other aspects are the legal issues of certain product or services, for example the distribution and selling of replicated products of brands is prohibited in most parts of the world if they are not licensed. In some countries it is however, possible to sell those products; typically China is such a country. To be able to sell such products on the Internet you will need to become a credit card acceptance agreement with a bank in the region where it is legal to sell the product. But those banks (as already explained above) require you to be incorporated in the same country as the Acquiring Bank. To work around this you will need to establish an offshore company for instant in China; since it can be overwhelming to open a company there it could be of benefit for you to have the Chinese entity to be owned by a “more close to you” company which in worth case can be liquidated and in that way not harm you or your economy.
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
Because of the strong anonymity a offshore company can provide if it is setup correctly it is often also misused for money laundering and other activities which violates the tax regulations in most countries.
It is known by all that an offshore company can be used to protect your assets and also be used as a vehicle to avoid TAX.
However in many cases a offshore company for instant in Cyprus is formed due to several benefits which a local company can’t give you, one of them is the right to make a loan in your own company. To “borrow” money in an LLC or LTD is prohibited in many European countries since it is in violation with the TAX authorities. But it is of great benefit for a new started entrepreneur if he can get the protection of a regular LTD and still is able to use the money for financing the company’s activities including his own salary.
How is it possible to get more money out of an IBC / Offshore Company for instant in Cyprus ? Very easy normal you need to have about EURO 17.000 to form a LTD in a European country, there are exceptions but for 80% of the countries in Europe it is the case, now when you have established the company with 100% of shares of an value of EUR 17.000 then you are not allowed to take some money out from the company to yourself. A Limited Liable Company need to have the status to be liquid and to assure your trading partners that you at least have the EUR 17.000 in assets or cash in the company and if the owner of that company by law was able to just take out the money exactly before the company for any reason declares bankruptcy then it would favor himself.
With a Cyprus Offshore Company or any other offshore company you are allowed as an resident of an European country to make loans in the company, let’s say you are starting to make money in the company, then you can money out of the company in two ways, one is as regular salary which will course you to up to 50% of the salary to the TAX authorities that can often be a problem, because you need to take more money out then if you don’t had to pay tax! So what to do? The second option is to take out the money as a loan, this loan can be made over a period of 10, 20, 30 or even 50 years if you like, and once the money is on your account you just need to report it to your local TAX authorities as a loan.
Hope you find this article informative, more are coming with more tips and tricks for your offshore company setup.
For Cyprus Offshore Company formation and Cyprus offshore bank accounts please contact cclogic.com
In certain jurisdictions, bearer shares have common legitimate use, such as to facilitate the transfer of shares and to avoid costs associated with the transfer of registered shares ( stamp duties, expenses incurred through the use of a notary, cost of printing new registered share certificate, etc.)
However, in certain jurisdictions and in certain commercial contexts, the high level of anonymity that bearer shares provide make them attractive for nefarious purposes, such as money laundering, tax evasion and other illicit conduct, especially when they are issued by private limited companies.
Bearer shares are permitted in many (but not all) jurisdictions, both onshore and offshore. However for instant in Uruguay it is the most common thing to form the company by using bearer shares, same in the Netherlands Antilles.
In many continental European jurisdictions, public limited companies are permitted to issue bearer shares while private limited companies are not allowed to do so.
In Gibraltar, for example, an exempt company may issue bearer shares but they must be disclosed to the authorities. Furthermore, the names of the beneficiaries must be disclosed to the authorities. Therefore Gibraltar lost their privilege as Offshore Jurisdiction and as TAX haven; it isn’t of interest for businesses or individuals to form companies there any longer.
Corporate service providers regularly design structures to ensure that the beneficial owner remains anonymous and often act as the intermediary between the client and the authorities in the jurisdiction of incorporation.
For Offshore Company Formation (IBC) or Cyprus Bank Account, please contact cclogic.com we have specialized our services to warrant your anonymity.