Posts Tagged ‘company offshore’

Sep
01/09

Last Updated on Tuesday, 1 September 2009 08:56
Written by Peter
Tuesday, September 1st, 2009

Cyprus is the third largest island on the Mediterranean Sea and is actually at the crossroad between Asia, Africa and Europe. It is a purely independent state with its own legal and constitutional systems which makes offshore company formation easier and thus promoting foreign investment in the country. An offshore company can actually be incorporated in Cyprus after a period of three weeks after registration.

During offshore company formation, there are certain factors that should be considered before settling on the best place to put up the business. The most important is the taxation laws that are applicable in a country. The level of taxation will determine the amounts that will be available for reinvestment. Therefore there’s need to go for a tax system with lowest rates of corporation tax.

Corporate tax on income is the main tax on offshore companies and it currently stands at 10% of the declared profits. Other companies such as maritime management companies are taxed at 4.25% while shipping companies are subject to no taxation at all. But the scenario has not always been like this as prior to the year 2003, all offshore companies and the foreign companies with their subsidiaries in Cyprus were taxed at 4.25% of the total profits. For a foreign company or its branches to be liable for this tax, the management and control should be in Cyprus. However, offshore companies that were formed before 2002 had the option of submitting taxes subject to a 4.5% rate but this benefit was scrapped off in the year 2006.

Dividend income received from foreign investment and royalties received from assets abroad are exempt from withholding tax. Actually no taxes are paid for any profits made from sale of securities. Cyprus has also signed many double tax treaties that ensure that no company will be taxed more than once on its income.

Other provisions in the offshore company tax laws in Cyprus are that various offshore companies can merge without any tax consequences. This is regardless of the reason for the merger whether as a take-over bid or for purposes of reorganization. This provision encourages better performance by the smaller companies that may not have been able to operate at full potential due to some constraints. Merging encourages the offshore companies to take full advantage of the economies of scale.

A unilateral tax relief is accorded to all Cypriot companies including the offshore companies due to any foreign tax suffered even if the double tax treaty is not applicable. Similarly/ when a Cyprus offshore company incurs tax losses, they will be indefinitely carried forward or be surrendered as group relief.

Currently Cyprus has over 120,000 companies of which many are offshore companies. The reason for this is not only the convenient and hassle free offshore company formation process but also the fact that Cyprus offshore tax rates are so far the lowest in the European Union. This means that the Cyprus is probably the best place to invest in when venturing into the offshore business.

Tags: belize, british virgin islands, company offshore, Cyprus Offshore Company, Offshore Company Formation, register offshore company, seychelles | Posted under Offshore Company Formation |

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Aug
03/09

How do I Register an Offshore company?

Last Updated on Monday, 3 August 2009 07:00
Written by Peter
Monday, August 3rd, 2009

When deciding to set up business operations, it can be extremely hard to find the right information which will allow a business to register an offshore company. Of course, all the advantages of setting up a company in another company are generally easy to come across, but try and find the rules and regulations and that is another story! What most people don’t realize is that most countries have hidden laws and restrictions, which can restrict companies trading operations. Like any process there will be plenty people offering it as a service. Companies specializing in forming companies overseas will make the whole process not only quicker, but a lot less stressful.

Forming a company can be an extremely hassle free and inexpensive process. In fact, many companies will be able to provide the service from as little has 1,300 Euros, and in some cases even cheaper. This means that while over the last few years it has been extremely hard to register an offshore company, it’s now an extremely simple process. It is a simple case of speaking to a service provider, waiting for documents to be sent via Fedex and sitting back, waiting for the company to be formed.

Of course, there are various other things that are attached to registering an offshore company. Each company will most likely need a bank account, which does bring a few complications along with it. The service provider who is helping set up the company will need a copy of the proposers passport, utility bills (English and no older than 3 months). Along side this, most service providers will ask that the proposer provides a reference letter from somewhere like their current banking facility, a Lawyer or other professional.

There are a range of benefits that will come from making the decision to register a offshore company. Some may feel less pressured due to trading privately, as there business operations are frowned on in some companies. Some may feel huge amounts of financial pressure relieved as the tax laws in the offshore company they have set up in are extremely low. What ever the reason for an individual setting up a company in an offshore location, it is always advisable to seek expert advice before hand, to ensure the process goes through smoothly.

Tags: company offshore, offshore company, Offshore Company Formation, register offshore company | Posted under Offshore Company Related |

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Jul
06/09

All you need to know about Offshore Company Formation

Last Updated on Monday, 6 July 2009 08:15
Written by Peter
Monday, July 6th, 2009

It seems a more common occurrence that people are choosing to start their own business, than pursue a career and becoming formally educated. There is definitely nothing wrong with starting company without formal qualifications, in fact, some of the most successful businessmen/women don’t actually hold any formal qualifications.

Starting a company in a native country is the usual way to go about things, but there isn’t anything holding individuals back from setting up overseas. There are various complications when setting up overseas, most of which are usually taken care of by a company specializing in offshore company formation.

The laws in other countries may be quite specific. Whilst many try to set up on their own, it is more than advisable to consult professionals. Professionals specializing in the field are likely to know the ins and outs, what can be achieved and realistically, what can’t.

I have heard individuals talking about an IBC license, what is it, and do I need one?

Whilst we can’t delve into major detail in this article, there are a few key points that need to be researched when forming a company overseas. Individuals may have to apply for certain licenses. At the moment the most common license that needs to be applied for is the IBC license. Researching the IBC license may seem extremely complicated. Again, this is where a company specializing in offshore company formation is likely to make an individuals life a lot easier. Not only will they save individuals time, but it is likely they’ll be able to identify the most cost effective way of forming their company.

An IBC license allows a great deal of flexibility for a business owner. Whilst it means that the business can operate in countries that are not their native, it does offer other advantages. Just because a company is trading in a non-native country, doesn’t mean that the business owner needs to actually live there. For instance, a business owner born in England, could operate a business in India, but wouldn’t have to actually live there.

How can a business be run without an owner?

Just like business owners employ people to package products, write articles or manage certain departments, they can assign staff to run their company. Offshore company formation laws mean that business owners can recruit a manager or agent to run there company.

Tags: company offshore, form offshore company, offshore banking, Offshore Company Formation, open offshore company, register offshore company | Posted under Offshore Company Formation |

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Jun
17/09

There are plenty of benefits with an Offshore Company Formation!

Last Updated on Wednesday, 17 June 2009 10:53
Written by Peter
Wednesday, June 17th, 2009

Offshore Company Formation with nominee services

Fig.1 - Offshore Company Formation with nominee shareholder and director

The benefits from an Offshore Company Formation and the opening of an offshore bank account are many, and if done right it can give the maximum tax savings, privacy and assets protection and anonymity.

Many European countries have strict regulations on how you can manage your LTD or other limited company form; many entrepreneurs are struckeling in the effort to managing and survive of their company.

With an Offshore Company in countries like Belize, BVI (British Virgin Islands), Cyprus or the Seychelles you will have much broader possibilities to archive your goals to compete towards the competition in your business fields.

The mother company of an offshore company can for instant register a company in a European country, if their daughter company is obtaining a loan of a certain amount of money and the EU Company can now set off the interest in the annual report, saves taxes. This method is widely known by business professionals and used by many located in tax heavy countries. It might look unethical to some, but not less it is legal.

Taxation of instant income in a company can also be almost eliminated if the company is located in an offshore jurisdiction and the activities are taking place abroad in an offshore company.

An example of this is:

Our point of departure is five people which work as teachers on a local school, but which in their spare time have visited courses as masseurs and which are now educated to perform this as a work and by that make some extra income. The way they work is by visiting different companies around offering their services which are massage to the employees, once finished they leave and go to the next company. The business activity they place in an offshore company which also the one is invoicing the different companies they visit. In this way they don’t have a static address or office from where the work is performed which makes the entire business model not to be considered as a local business, now this is a foreign business and is not subject to any tax in the local country. Important to note here is that if they take a portion of the net profit from the Offshore company for them self it is subject to personal income tax.

In the above example, the money is going straight into the Offshore Company without any tax paid!

The important part is that the Offshore Company formation takes place correctly and you will need to have a professional offshore company formation agency to help. For the tax issue in the above mentioned example and in any other case it is important to mention that you will need a Nominee Shareholder and Nominee Director which can be locals or foreigners, but the nominee service is the key here. See also the Fig.1 on this page for an illustration of the correct incorporation.

CCLOGIC LLC is providing offshore company formation in, Belize, BVI, Cyprus and the Seychelles and can beside the offshore company formation also help with the formation of Trusts and the opening of offshore bank accounts, we have been serving clients worldwide to archive their goals and this for many years.

Tags: company offshore, nominee director, nominee shareholder, Offshore Bank Account, offshore banking, offshore belize, offshore bvi, Offshore Company Formation, offshore Cyprus, offshore Seychelles, offshore trust | Posted under Offshore Bank Account, Offshore Company Formation |

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Jun
10/09

Offshore Company Formation for Investments

Last Updated on Wednesday, 10 June 2009 09:13
Written by Peter
Wednesday, June 10th, 2009

When considering entering into any type of Investment you should consider having an Offshore Company for instant in Belize, BVI, Cyprus or Seychelles to execute the investment. In the mentioned offshore jurisdictions a company don’t have to pay tax if the company is registered as Offshore International Business Company (IBC), many private investors all around the world have already explored the great advantages a Offshore Company which purpose is to make medium to large investments can give.

An Offshore Company Formation isn’t any difficult and can take place within a few weeks; the most important is to have a good and solid offshore bank available where the offshore company can open a business bank account for the purpose of Investment, Forex Trading and other banking activities.

Beside the tax advantages also the privacy and security is a factor which let many investors and business people in general enter into an offshore company formation. An Offshore Company which is duly incorporated in some of the above mentioned countries gives the beneficial owner a 100% anonymity and protections against liabilities and creditors. Even if the investment is considered high risk then a offshore company has its advantages.

For active Investors or business which are growing fast it is crucial to be agile and to extend the activities of the operation as it grows, with an Offshore Company in the top it is easy to register new companies in other places of the World without to consider any tax or trading regulations which could stop or make it even difficult to expand.

Further to the Online Investment opportunities you also find investments in property abroad from where you are resident. Often huge TAX implications are the result of such investments which can be avoid if the offshore company formation has taken place before the investment is executed. For property investments we recommend to have a Offshore Trust in Cyprus to execute the deal or at least to have the Trust in Cyprus to have to register a Offshore company throughout the investment is made.

Typically Europeans get in troubles if they even through some regular European Company have made any property investment abroad, the taxation of the beneficial owner is guaranteed and often this are at a taxation rate in the range of 10 to 20% of the total investment, this is annually. If the property investment is made through an Offshore Company for instant in Belize, BVI, Cyprus or the Seychelles those tax’s can be avoid!

CCLOGIC LLC has specialized in the Offshore Company Formation and Offshore Trust Formation in the major offshore jurisdictions all around the world, we operate through secured locations and never keep any records. By many years we have served our clients in the opening of Offshore Bank Accounts for almost any purpose and in the registration and duly incorporation of Offshore Companies in Belize, BVI, Cyprus and the Seychelles.

Tags: Belize offshore company, bvi offshore company, company offshore, Cyprus Offshore Company, offshore banking, Offshore Company Formation, offshore property investments, offshore trust, seychelles offshore company | Posted under Offshore Bank Account, Offshore Company Formation |

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Jun
03/09

Offshore Company formation and online business, the options!

Last Updated on Wednesday, 3 June 2009 09:14
Written by Peter
Wednesday, June 3rd, 2009

When you consider registering an offshore company in any offshore jurisdictions and you main income comes from your online business, you will quickly find it difficult to open a offshore bank account and to find any payment services provider which will accept your business for credit card processing.

An Offshore company is often considered as High Risk just because of its location in an Offshore jurisdiction, therefore it is important when you start your incorporation of an offshore company to make sure the offshore company formation agency is able to help you to open both a offshore bank account and a merchant account (to accept credit card payments) for the company.

You will need to register your offshore company in an offshore jurisdiction which gives you the privacy and asset protection your are looking for but you will also need to have the offshore company formation to take place in an offshore jurisdiction which enables you to open the bank account and merchant, or you will need to have the offshore company to register a new company within a jurisdiction where you are not limited by any bank. Offshore jurisdictions like Panama, Belize, Seychelles and British Virgin Islands are not good jurisdictions when it comes to a merchant account, you will need to have your offshore company in for instant Cyprus. With a Cyprus Offshore Company you will have access to a large number of banking services and offshore / onshore banks. With a Cyprus offshore company it is possible to keep the privacy and asset protection you seek but still have all the possibilities to trade online.

As mentioned there are two ways you can establish your offshore company structure if the main purpose is to trade online. One is to have a offshore holding company structure where the Holding company is located in an offshore jurisdiction which gives you maximum asset protection and privacy, then have the offshore holding company to register another offshore company in for instant Cyprus (or any other European Country) by choosing Cyprus you will have a 100% protected offshore company setup. A good alternative could be to have your Onshore company (any company located in an non offshore jurisdiction) to register a offshore company in Cyprus, that would still protect your privacy and assets and at the same time not limit your possibilities.

CCLOGIC LLC is an offshore company formation agency service which provides clients worldwide with incorporation services of offshore companies in several offshore jurisdictions like the Seychelles, Belize, BVI and Cyprus, furthermore we have specialized our self through many years of experience in this field in the opening of offshore bank accounts and merchant accounts, our company is a official introducer for the major banks in Cyprus.

Tags: asset protection, company offshore, incorporate offshore company, Offshore Bank Account, offshore banking, offshore company Cyprus, Offshore Company Formation, register offshore company | Posted under Offshore Bank Account, Offshore Company Formation |

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May
19/09

Does it make sense going offshore with a company while the information of tax exchanges increase?

Last Updated on Tuesday, 19 May 2009 10:45
Written by Peter
Tuesday, May 19th, 2009

If you are planning to register a Offshore company in any certain country you will need to make sure that the jurisdiction of your choice don’t has any OECD agreement in regards to exchange tax information or you will need to make your offshore company formation completely legal and still gain tax benefits from it.

The first choice is to have a legal offshore company formation to take place; even if you have to pay tax in your home country then it gives you better possibilities to still legally save taxes and to protect your assets.

While the time is moving on and more and more offshore countries agree to the OECDS exchange of tax information in the battle to fight tax fraud, the focus from a business owner’s perspective should be on how to protect assets if things go wrong and how to save tax by planning the Offshore Company structure. As we believe, then in a few years almost any reliable country which today is considered as an offshore jurisdiction with secrecy and where it is possible to pay cero tax are gone.

If I can’t avoid to pay tax why should I go for an Offshore company Formation?

There are countless of answers to this question and you will need to consult a tax advisor to get the main reasons, managing a legal business which generates a good income and which is located in a high tax country will leave you with less net profit as if this company was owned by a Offshore Company. There are that many regulations towards companies in Europe that for a normal human being which not has an MBA in Tax regulations will stuck, with an Offshore Company things can be made less complicated and you can legally save min. 50% of the TAX you would be paying if you didn’t registered an Offshore Company (which will act as holding Company).

Did you know?

An offshore Company registered as an IBC in an offshore jurisdiction do not pay tax in the country of incorporation.

An Offshore Company which is registered in an offshore jurisdiction don’t need to have owned any shares for a certain number of years to get the dividend tax free.

An Offshore Company which is registered in an offshore jurisdiction has 100% assets protection which can protect entrepreneurs from huge losses and penalties.

If you register an Offshore Company in an offshore jurisdiction you can pay up the share capital to that company and legally make loans in that company to yourself, this is strictly prohibited in many European countries. Even if you don’t pay up the share capital but make profit you can take loans.

CCLOGIC LLC provides professional and reliable Offshore company Formation and the opening of Offshore Bank Accounts in many offshore jurisdictions, please visit our website for more information.

Tags: company offshore, offshore company, Offshore Company Formation, open offshore company, register offshore company | Posted under Offshore Company Formation |

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