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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

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What is the greatest benefit of registering or incorporated a Cyprus Company compared to any other offshore jurisdictions?

It depends very much on what you are going to use the Cyprus Company for, if you are conducting business on the Internet and seeking a reliable and trusted jurisdiction which is control body is within the European Union then and you need a reliable credit card processing solution then you will have a lot of benefits compared to any Caribbean jurisdiction.

One of the major benefits are that Cyprus is a member of the EU (European Union) it guards for stability (even in this financial crisis) and for protection of your assets and moneys.

Second but not less important, if you run an Online Business and you want to have the possibility to become a Merchant Account with an EU bank you will need to have an EU entity and which also is accepted by the banks. A Cyprus Company is accepted by all banks in Europe and at the same time offers you the same benefits of low to no TAX of net income, assets protection the possibility to anonymize your company or the beneficial owner.

What is a merchant account?
A merchant account is a “bank account” you need with a Acquiring bank that will offer you the possibility to accept credit card payments on your website, you can read much more about it on our blog which is covering this topic from A to Z.

What is a Offshore company?
An offshore company is a company which conducts business in an offshore jurisdiction and is mostly protected by government secrecy and assets protection. Most Offshore Companies are used as Holding Companies or as Shelf Company to get access to EU business.

Visit CCLOGIC LLC today and find out how we can incorporate your offshore company.

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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.

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Cyprus Company Formation

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The query has been asked by several of our clients which desire to include their business in Cyprus but do not have the experience yet of such an advanced and powerful step.

To elucidate it I’ll start to assert that it is in any way compulsory to have a nominee stockholder or director for your Cyprus company formation. This is somebody which is a Cypriot and which is acting as investor for the profitable owner of the company and which can be any person so long as he could be a resident of Cyprus.

It is nearly the same as a nominee investor, the different lays in the director will have a power to act for the Cyprus Company and can complete business deals for you without previous notice. When we are going and register Cyprus corporations and our customer’s business is of nature of where they don’t seem to be prepared to release their own identity ( this may be for plenty of reasons ) but rather will have the entity operating as a secret automobile to operate their daily business, then we recommendation to use the instruments of a nominee stockholder and director, this could totally give them the best protection of identity and advantageous owner release.

First of all, an advantageous owner of a Cyprus Company will become a Power of solicitor ( POA ) that may last for a period and which can be replenished on request at any point. With the POA the profitable owner can act for the company as would it not exists, bank accounts can be opened, business contracts can be signed and all the daily tasks can be accomplishment and be legit.

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.

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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.

Some payment processors allow you to use their company and merchant account to process transactions, these are called 3rd party processors and are most common for small business entities our entities which sell services and products for which it is almost impossible to obtain a separated merchant account with an Acquiring Bank. Examples of 3rd party processors are 2co, ccbill and a few others which have been in the marked for many years and which can be used without any problems on a long term. Those companies have however limitations on which services and products they allow to be sold. Now if you are doing a quick search on for instant google, you will find a lot of 3rd party processors which say they have can accept certain business and for instant also replicated products to be sold, they often also have nice looking websites and proper documentation in place for the legitimating of the operation.

What you need to consider and carefully read is the liability they put on your company and most of them will ask you for a huge setup fee which not surprising is in the range of 3 to 5000 USD. That you need to pay the setup fee is the first risk, but using your well established company with these companies is another risk. It is highly advisable to put some offshore company in between the relationship of you and the 3rd party processor.

You will now ask why? Very simple, if something goes wrong you are not protected if you not follow the advice above. If you are in a business which is considered high risk or in some countries even considered illegal, then things can go wrong. Often 3rd party processors register their “sub merchants” with the card association to cover their own business. If something should go wrong now, then it is the sub merchant that has to pay the bill and take the responsibility for the account. There are many things that can go wrong, to give some examples, you can get into a steam of stolen credit cards used by people to get your products for free, often this will result in massive chargeback’s, not enough that you have to pay the chargeback’s fee, you will also pay penalties in the amount of USD 25.000 and even worth you will get blacklisted worldwide, even it wasn’t your fault. If you don’t have any protection from this happening, you will lose your entire business and never get into it again, at least not in an Internet based edition.

To use an offshore company in between and be that company the beneficial owner of the merchant account is the best you can do to avoid such incidence.

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

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The ability to obscure identity is crucial for perpetrators desiring to commit illicit activity through the use of corporate vehicles. While Cyprus offshore companies and offshore companies in general provide some degree of “natural” anonymity to its beneficial owner, anonymity can be enhanced through the use of a variety of mechanisms, such as nominee shareholders and nominee directors. These mechanisms can be used to conceal the identity of the beneficial owners from the authorities.

With your Cyprus Company you are unable to conceal the identity of the beneficial owners from the authorities since they require the beneficial owner to be registered with their archives.

To avoid the registration of the beneficial owner, you can have another company for example in the seashells to be the owner of your Cyprus company, Seychelles offer 100% anonymity but limit your trading possibilities.

[..] Read more

For more information to open or register your Cyprus Offshore company please contact cclogic.com they have specialized them self in the fields of offshore company formation and offshore bank accounts together with different merchant services like merchant account and payment processing.

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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

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While much have been said about Offshore company incorporation and all the benefits it has, then many people that go and form an offshore company for instant in Cyprus are not aware of the possibilities to form the company anonymously.

In an earlier article we published you could read;

There are a number of benefits to individuals and companies that decide to set up an offshore company. Taxation is the biggest advantage as the company can be established in such as way that the tax that has to be paid is kept to a minimum. An offshore business is a much simpler and straight-forward process than onshore businesses due to the fact that most offshore jurisdictions have simplified the whole set up process to make it as easy as possible for these companies. There is a higher level of legal protection offered by offshore jurisdictions a they impose more stringent conditions on agreeing to let the courts view corporations records, also in most cases if an offshore company is facing a law suit against it then the corporate governance rules call for the laws of the jurisdiction to where the company is registered to apply, and not the country in which it is being sued.

If you read between the lines here you will probably note that we want to lead your attention to the asset protection, most people and business think that just because they have moved their activities offshore to for instant Cyprus, then they are protected, that’s almost true but to bring your protection to the next level you should consider to take your Offshore company to be anonymously. No one will in anyway be able to trace down who owns the company if you don’t tell it to anyone.

If you make your offshore company anonymously and get in economical troubles, then the money and assets in your offshore company are 100% protected from any creditor and from anyone who claims to have due payments with your company.

It has been proven several times by court decisions that it is almost impossible to get hold of a offshore company for instant in Cyprus if the company has been legit and no criminal activities was involved.

People that think they can do any business also illegal business in an offshore company should be carefully they are not protected which also is good, you should never start a business with the goal to cheat people of have some illegal activity going on, that’s against the laws worldwide and they will catch you.

If you are looking for Offshore Company Formation or a Cyprus Bank Account, please visit cclogic.com

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I have written several articles about this topic but think some of the important parts need to be outlined. Many people do not know that it is possible to have the Cyprus Bank Account or Offshore Bank Account completely anonymously. Yes that’s true.

You can have an Cyprus Company or Offshore company anonymously as well as your Cyprus Bank Account or Offshore bank account. Later on I will explain how this works and what you need to consider.

In an earlier article I wrote :

Advantages to opening a bank account in Cyprus include a great deal of privacy and confidentiality as well as less restrictive legal laws and rules than those imposed by an offshore bank account. They offer their customers protection against any kind of local political or financial stability and have a greater access to deposits.
The majority of offshore banks are located on island nations; some of these include Cyprus, Jersey, The Isle of Man and Bermuda. They can also however be found in other countries that are not islands, such as Luxembourg.

What I would like to point out here is that beside the benefits you have from opening a Cyprus Offshore Bank Account you will also have the option to choice to have the account open anonymously which gives you a further level of protection of your money.
You can still withdraw your money with a Debit Card (which also can be anonymously) and also to regular Wire Transfers from your Bank Account and receive regular bank transfers to your Offshore Bank Account.

So how to become a complete anonymously setup, very easy, first you go an register a Cyprus Company or any other Offshore Company, the most important thing to note here is that not all Offshore Companies can be formed or incorporated as the following. When you fill the application, you insert your Trustee as a Directory and a secretary, and let the company be owned by you. In Cyprus no one will know who owns the company since this isn’t mandatory to report to the authorities.
Once you have your Anonymous Cyprus Offshore Company, you go and open a bank account for this company, not you also have a 100% anonymously Offshore Bank Account.

For Cyprus Company Formation and Offshore Companies in general with a Cyprus Bank Account, please contact cclogic.com we do it fast and secure.

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For some month ago I made a post on some of our blogs which was about to open a personal or business bank account and how easy it is, but I think there are some of the statements in the article need to be outlined for you where others need more clarification.

A brief clip of the post is coming here for your references

For anyone to open a bank account they must be over the age of 18 and you will to take proof of your identity to show them. This is normally a passport, driver’s license or some other form of ID, preferably with a photo attached. Letters with your home address will also be needed, this could be an electricity or telephone bill. It is up to you what type of bank account you intend to open depending on the reasons why you require it; it could be anything from a current account to have a salary paid in, a savings account to save money for your retirement or a foreign currency account.

So what this post says is that you can open a Offshore bank account or Cyprus Bank Account as a personal or business account, this is almost true however some restrictions apply, for instant not all people can open a Cyprus bank account or a Offshore Bank Account, in fact for people outside Europe it isn’t an option with Cyprus, you will need to have a registered Cyprus Offshore Company or some other Offshore company if you live outside of Europe.

For the US this also apply, since most offshore jurisdiction have revised their law and regulation on this front and made it impossible for a person just to open an anonymous offshore bank account.

What it means for you is some more expanses and you are required to open a Offshore Company formation or Cyprus Company Formation before you are able to become a Offshore Bank Account in either Cyprus or any other place.

Please visit cclogic.com for your Cyprus Company Formation, Offshore Company Formation or Cyprus Bank Account needs.