Posts Tagged Offshore Company Formation
The Complete Online Business Model!
Posted by peter in Business Banking, Cyprus Bank Account, Cyprus Company, Cyprus Company Formation on February 8, 2010
…for an existing or new business- Learn the Formula That Makes hundred of clients thousands per month while they followed this secret!
Are you sick of the term “Best Merchant Account” being thrown around when looking for a reliable way to process credit cards and online payments in general or when you are seeking to keep your privacy and are looking for a Offshore Company structure that do what people promise, in fact, there’s nothing Best Merchant Account or Best Offshore Company structure about the system?
Cyprus Bank Account, BVI Offshore Company and investments
Posted by peter in Business Banking, Cyprus Bank Account, Cyprus Company Formation on June 11, 2009
Well while much has been told and many already know that a Offshore Company Formation for investments is the best business constellation you can have when investments of any nature are the purpose, then many don’t know what a Offshore Company is and how to setup a offshore company at all. Read the rest of this entry »
I already have an offshore company, does it makes sense to incorporate in Cyprus?
Posted by peter in Cyprus Company Formation on June 1, 2009
This question is something we get asked on a regular basis and it is a good question, If you already have an offshore company In any offshore jurisdiction (this also apply for a regular company) and you want to extend your company structure with more privacy, more security and have access to a wealth of banks, then an Cyprus company Formation is the right choice for you and your company.
The problem most people face while they incorporated an offshore company for instant in the Seychelles or Belize is a very limited number of banks from which they can do offshore banking and with which they can accept credit cards on their website.
How to figure out if my Offshore Company will need to incorporate in Cyprus?
Once of the questions you should ask your self is if you are satisfied with the offshore banking you have today and if it is easy to access your money, if this questions raises just one new question, then you should look into a company formation in Cyprus.
With a Cyprus company formation you will get more opportunities you will have access to more banks all across Europe and you will have a company in Cyprus which will give you 100% asset protection and privacy. For many businesses all around the world it is of benefit (many have already discovered this) to incorporate in Cyprus because of the offshore banking available. A Cyprus Company Formation is easy and only requires a little work from your side; you will need to find a utility bill in English and make a copy of your passport both is send to the Offshore Company Formation Agency which takes care of your Cyprus Company Formation. Please note! Make sure that the agent you decided to use for your company formation in Cyprus is able to open bank accounts in Cyprus for the company (business bank accounts) and if needed, can provide you with a merchant account to accept credit cards on your website. Both should be handled by 1 agency to make the process as quickly and hassle free as possible.
Many Offshore Company Formation services can’t do that even if they state they can then they in 99% of all cases fail to deliver the product!
CCLOGIC LLC is an offshore company Formation Service Agency which has specialized in the incorporation of offshore companies in Cyprus and many other offshore jurisdictions. We are an official introducer for some of the major banks in Cyprus and have a large network of Acquiring banks which provides merchant accounts to European merchants in order to accept credit card payments.
How you can move you activities and business to a Cyprus Holding Company.
Posted by peter in Cyprus Company on May 29, 2009
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.
How it is possible to take your entire Online Business Offshore.
Posted by peter in Cyprus Company Formation on March 12, 2009
Many Offshore Service Agents are only able to help you with the offshore company formation and opening of Offshore bank account, some even if they don’t know anything about this business, also open Merchant Accounts, or at least tell you they can.
Both the Offshore Company Formation and the Merchant Account Industry takes a great amount of knowledge to not mislead clients who think they are in good hands just to later on in the process to find out they didn’t have what they paid for.
In fact everyone can open a Merchant Account and establish an Offshore Company but only a handful are able to make the right setup.
How can it be setup wrong?
Very simple, if the Agent which established your Offshore Company just has a reseller agreement with some accidental provider then it is common to just submit your application to this one, that’s good you think?! Stay on here, now there are so many Merchant Account resellers out there and processors which just started up, that the chance to get your case in wrong hands is almost 95% this you won’t find out at the beginning but if your Merchant Account is wrong coded or they placed your new established Offshore Company in the wrong Visa or MasterCard region you will get big troubles and your entire setup will be shut down and be worthless.
With so many “new kids on the block” in the Payment Industry you can easily risk that the processor which your Agent advised to use is that hungry that they take on any business case also the Merchant case which are out for a scam and will blow up the processor. This will affect you in the way that you risk the volume processed will not be paid and this company will disappear.
Also often seen is that a processor (calculate their profit) first take on a new Merchant Case as new business (while just incorporated in an Offshore Jurisdiction) and after a few month cheese the account and freeze it because they will claim it isn’t legal business.
Since I have been in both businesses for many years I have seen a lot of incidences, the forums around the Internet are full of examples from both sites (the Merchant and the Payment Processor) and in almost any case it is because of a confusion about what it all is about.
Only an Agent which knows the Offshore Company formation business or has a really good network of Tax Advisors and Legal Advisors to back up is trustworthy to go with and can ensure you get the right solution, this applies also for the Payment Processing Industry, you will need to have been in this business for many years and have followed the marked close to be able to advice Online Businesses for the solution that they need.
Don’t be fooled into anything make a good check on the company you consider to go with, ask questions and look how good they are established on the Internet, do they only have a single webpage or have they a well established an sophisticated Internet presents!
I see cases on a daily basis, in our company we get every day a merchant, a processor or an offshore agent which want to work with us and which obviously is new into this. We get requests by people which just have a lousy website and tell us they have been in the business for ages. Sad it is so and it makes it more important than ever to take a close look at the company you consider to deal with.
For more information or the right Offshore Company Formation setup, please contact CCLOGIC
Offshore Companies get to pay less tax in details
Posted by peter in Cyprus Company Formation on January 6, 2009
In one of the articles I posted for some time ago I wrote that Offshore Companies and Cyprus Offshore Companies in general pay less Tax then any local company which obviously is true.
Anyway you need to be careful since some countries like Cyprus also have double tax treaties which mean that you have to pay TAX from your income in the country where the company owner lives.
I put a snap of the article below just so you are able to point you in the right direction.
“ Offshore companies get to pay less tax as well as having fewer charges incurred on them in setting up and sustaining a business in a foreign jurisdiction. These jurisdictions can often offer better legal protection than the jurisdiction where the company does most of its business. Due to these legal protections offshore companies can choose to set up an anonymous company formation if they want to. Companies prefer to remain anonymous for a number of reasons such as not being welcome in some countries, one such industry is gambling, online casinos and other card playing websites, many companies in these types of industry are based offshore on the small island countries such as Cyprus although most of the people using their services will be from the USA, Canada, the UK and Europe “
What it means for you as a Cyprus Company or Offshore Company owner is very simple, you will need in any way to consult an Tax advisor to make sure you don’t get heard of this regulation in your own country. There are several options to avoid paying TAX with an Cyprus Company or a Offshore Company in general, but you need to do some tax planning with help from your legal and tax advisors to do it right.
There is a great benefit in running a Cyprus Company or Offshore Company in general if you do it right, as it is the case in any other case, then this rule also apply for this part of the business World. If you fail it will hurt you and of course you will have to pay TAX maybe more than if you made it right from the beginning.
A few points you need to consider before you jump in:
• What is the purpose of the Cyprus Company or Offshore Company in general?
• Do you think you have the income over the next year to make it up with the cost to have a Cyprus Company or Offshore Company in general?
• What is it you are going to sell, are these tangible gods from a Retail Store or is it Products and Services sold through your website on the Internet?
• Make the TAX planning which is important and do Company structure planning.
• Avoid Double Taxation by consulting your Tax advisor or the people that will do the Cyprus Company registration or Offshore Company formation in general.
• Do you need a Bank Account for this company? If so should it be a local bank account or a Offshore Bank Account for instant an Cyprus Offshore Bank Account?
The list can be long but it is important that you take out sometime of your busy day and go through some of the above outlined points before you go and register a Cyprus Company or any other Offshore Company, it will bring you money at the end of the day.
If you are alooking for registering a Offshore Company or Cyprus Offshore Company, then please visit CCLOGIC LLC they are specialists.
Offshore Company Experts
