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To register a company in the British Virgin Islands (BVI) it don’t requires much, but you will need to make sure what it is you need the BVI Company to do, if the purpose of the BVI company formation is to act as Holding Company or if it is used to be a company you will conduct business with.

Many private investors and professional organizations register trade companies in the British Virgin Islands with which they will enter into the Forex exchange trading market or currency exchange business which can be of great interest of the beneficial owner of the BVI company since tax regulations and asset protection is one of the main factors to register the BVI company then also simple offshore company structure can be another reason.

Offshore companies which are registered in the BVI have automatically a good protection for hiding the beneficial owner and also it is almost impossible to track down the owners and shareholders of the BVI Company due to regulations set forth by the regime at the British Virgin Islands.

One good reason for registering a BVI company is that if you pay up the share capital you will be able to take it out for paying yourself salaries or to make loans from the company which is legal and which gives additional opportunities for new starting entrepreneurs, taking a loan in your own company is prohibited in many European countries but it can be the key factor when considering to lose all your assets if something goes wrong and the creditors are knocking on your doors. Also it is easy to move assets from one BVI company to another BVI company or even to another company in other offshore jurisdictions without to have the tax authorities in between, this is impossible to imagine in any European country without a complicated process and a high chance that a court order will set aside this transaction.

The opportunities are many you only need to know what it is you are going for.

CCLOGIC LLC is specialized in the company formation in the British Virgin Islands, we have our activities in the major offshore jurisdictions around the globe which includes BVI, Belize, Seychelles and Cyprus, further to the additional company formation in the major offshore jurisdictions we also have a large network of banks which are willing to open business bank accounts for those companies.

Please do not hesitate to contact us or visit our website for the BVI Company Formation.

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For ages it has been well know that large corporations are instantly expanding their business locations to offshore jurisdictions just for better cash flow optimizing and tax purposes, it has nothing to do that they want to conduct business in those countries.

Also for many years now, it has been a closed area to enter into the planning of taking your company offshore with your business, it is worldwide known that Swiss bank accounts have been used to avoid TAX on income and profits in general, but this option is going to close their doors, now you need to find a good and reliable place to STORE your MONEY. Cyprus is one of the only places within the European Union which still has 100% banking secrecy and where it is impossible for an individual or foreign company to open a Cyprus bank account. The Offshore Bank in Cyprus which you need to find will simply deny business cases which haven’t been introduce by an official offshore bank introducer.

The question here is, how you as an individual can become a personal or business offshore bank account in an Offshore Bank, and why a Cyprus bank account is the best solution for you and your business.

Furthermore you will need to consider which other benefits it would give you as a business in regards to offshore asset protection. Yea it is right you might not have heard of the term offshore asset protection, but we will teach you what it is and how it will be an important role for your offshore company formation planning.

So, what you need to do, first of you will have to consider if you make enough profit in your business to effort the expanses which are involved in incorporate an offshore company and to become an offshore bank account with an offshore bank.

Offshore asset protection, how; very simple an Offshore Company and for instant an Cyprus company will make it very difficult for any authority in the world to find the real beneficial owner, secondly it costs a lot of time and money for anyone to claim any rights to get access to assets in an Cyprus Company or any other Offshore Company. Finally an Offshore Company and a Cyprus Company will work as an individual entity so it is perfect for offshore asset protection, because you can just take anything from a person which isn’t related to the claim! Do you have the picture now? If not it is all about offshore asset protection and to protect your rights to keep you hard earned money. In other words by entering into a consideration of offshore asset protection you just need to keep in mind that no one will be able to get access to whatever assets you might have in the company, even not if you file personal bankruptcy.

The important thing here is as long as we speak about cash, you will need to find a Offshore Bank which will open an offshore bank account for your offshore company or Cyprus company, this you will easily get access to through an offshore incorporation service which typically is able to prepare everything for you in one task. With an Offshore bank account you will have access to your moneys in your offshore accounts 24/7/365 and only you will have access to your offshore accounts, not the offshore incorporation service, not any nominee shareholder or director, no, only you. The offshore bank will send you the codes for your Internet Banking directly to the address you tell them to send it to. There is an 100% secrecy by opening an Offshore bank account or for instant to become a Cyprus bank account in an Cyprus bank / Offshore Bank.

Offshore accounts can be hold in multi currencies like EUR,USD,GBP and CYP almost any Offshore Bank will give you the possibility to have your own IBAN account number and Internet Access but the Cyprus Bank Accounts are the most reliable solution in general, since Offshore Banks in Cyprus are regulated through a strong financial network.

Start today to consider how you can get offshore asset protection, an offshore bank account in an Offshore bank and for instant go and consider to open a Cyprus Bank Account before anywhere else.

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The financial marked has changed and you need to consider to increase your profit of your online sales for two reason, first due to the competition while more and more Online Shops and businesses will go and reduce their price structure you need to have competitive prices on your products and services too, secondly while many see a decrease of the products services sold you need to earn more on each item as before to survive.

By just lowering your prices you would in many cases easily drive more sales into your pocket but you will soon face that this also means you need to sell more to get the same out of it.

A simple calculation which we did for a new client was to consider to take the entire business Offshore for Instant in Cyprus, the payable TAX for international business companies is 0% TAX which means if you lower your pricing per item with let’s say 15% (which would be the TAX you had to pay if you continue as you do now) than you won’t lose any money by reducing the price on your products or services but will at the same time get very competitive towards the competition.

It is important to consider any possible aspect to increase the costs doing business and at the same time be able to reduce the price to serve the consumers which at the moment (due to the financial crisis) only hardly want to spend any money.

A marked survey which has been made in Europe show that we are all more willing to spend money even in this financial crisis, if we can get the product or services we need to a reduced price.

How can I register a Cyprus Company, should be the question you ask yourself now.

CCLOGIC LLC has been in the Offshore Company Formation for years now and been of great help for many of our clients worldwide, many fail on finding the right Agent which can help with this service and get the job done fast and secure, we register a Cyprus Company and can open a Cyprus Bank Account within 7 – 14 days and ensure that everything is incorporated properly with Apostille of Documents and Company Certificates.

The Cyprus Bank Account comes with an Advanced Internet Banking (e-Banking) and as multi currency account (USD, EUR, GBP) – Your Cyprus Company can be registered as anonymous company with nominee shareholders and directors or with yourself or your holding company as director. You have to pay a 0% TAX rate to the TAX Authorities in Cyprus and conduct business worldwide with your Cyprus Offshore Company setup. You have a 100% assets protection and no limitation at all; any business can incorporate in Cyprus.

CCLOGIG LLC is a official Introducer for the major Cyprus Banks and has been serving several hundred clients with the Cyprus Company Formation and opening of Bank Accounts but we can more, we have a bride knowledge about the hassle to accept credit card payments Online, we have partnered with several Acquiring Banks around the world to open Offshore Merchant Accounts and to provide secure and reliable credit card processing for your website.

CCLOGIC LLC is a All in One Financial Service Agent which goal is 100% satisfaction for our clients, contact us today and let us help you to be a successful business which is in front of the competition.

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Since you will find that many services and Agency service which promise you exactly what it is you ever would like to have, an Offshore Bank Account with e-Banking but only a few Companies will give you the real thing! We thought it was time to explain how to get your Offshore Bank Account for instant in Cyprus and which comes with some Superior Internet Banking.

The most important for you to know before you even consider opening an Offshore Bank Account is to make sure where it should be, which country will give you the banking secrecy you seek and also the benefits of holding a Real Offshore Bank Account.

What we will suggest you to do is to have a closer look at Cyprus, they have for more than the last 100 years been known for their strict banking secrecy policies and have been used for the banking business and financial transactions for thousands of companies worldwide.

Cyprus is a member of the European Union and regulated by the strict rules of the Government in Cyprus. They have a fantastic infrastructure and are far in front of many other countries like Panama, Belize, and the Netherland Antilles.

What you will become with your Cyprus Bank Account is a multi currency bank account which also has an IBAN number which is required in Europe to get low Wire Transfer fees by the International Banks.

You will have access to your Cyprus Bank Account through some really advanced Internet Banking where you have access to your moneys 24/7/365 you can withdraw money you can see your account balance and you are able to check for incoming money transfers. Even if you have questions you are able to send a support ticket through the system. The best is, everything is in the English language.

The Cyprus Bank Account is opened with some of the Major Banks in Cyprus; you don’t need to worry about your money when you sleep. Compared to other services which promise you to open a bank account within 30 minutes, then this is the real thing and the “30 minutes” accounts are not close to that secure then what you will get with a real Cyprus Bank.

Open your Cyprus Bank Account with one of the fastest growing introducers for Cyprus bank Accounts today, we know how to full film your and the banks needs.

We work with you and will help you through the entire process which often only takes 7 days.

CCLOGIC LLC is an official Introducer for 2 of the Major Banks in Cyprus and our service is know and used by the professional companies all around the world.

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It can be very overwhelming to get a picture of the TAX and Legal issues there might be when you register a Cyprus Company.

Some of the questions we often receive from clients interested in registering a Cyprus Company with us are the following:

Do my Cypriot Company has to pay TAX ?
Will the beneficial owners be subject to Double Tax treaties?
Which country will the dispute resolution are handled?

A few good questions which we will try to outline here and which we think is of high interest for many that consider to register a company in Cyprus and in any other offshore jurisdiction.

To the first question, then it is depending very much on how you go and register your Cyprus company, will you be using nominee shareholders and directors or will you use foreigners, or is it the beneficial owner which often is a foreigner that is going to be both the shareholder and director in this company.

By using local nominee shareholders and directors you Cyprus Company will be subject to 10% TAX of net profits! This can be of benefit if you are going and do local business for instant in Cyprus where you need the director of your company to be able to make business decisions on your behalf.

If you make use of foreign nominee shareholders and directors the Cyprus Company will not be subject to any TAX ( 0% TAX) this requires of course that all income of the Cyprus Company is coming from outside of Cyprus. This also applies if you as the beneficial owner and as foreigner is chosen as shareholder and director. The benefit of becoming a foreign nominee shareholder and director is that you can register the company anonymously and your name will not appear in the Cyprus public register of companies.

To the second question, it depends on if you country has a double taxation agreement with Cyprus, if so the beneficial owner is subject of tax in your home country. This is one of the reasons why many people choice to become the company anonymously.

The third question, this depends only on your company’s policy and which country you set forth to handle disputes in your legal documents and has nothing to do with the type of company you are going to register or which country it is. For instant even when your Company is registered in Cyprus you can choice to incorporate a term in your Terms and Conditions or business policies that a dispute is handle by the courts of the UK or US and that’s what apply then.

We advice all our clients to get in touch with their Lawyers/attorney and Advisors for an in depth explanation of above since this is the right place to ask such questions; it might be that other regulations applies which could benefit you.

If you are considering to take your company offshore we will be more than happy to help you, please contact CCLOGIC LLC today and let’s get things started.

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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.

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“Many offshore banks have very strict rules on who they accept as their customers and contrary to popular belief they don’t accept just anyone as long as they have money! They have their reputation to maintain as a reliable and trustworthy financial institution and it would not be acceptable to them to allow criminals to use their services. Opening an offshore company can give you privacy or anonymity, the confidentiality laws of these jurisdictions are usually very strong and are a legal method of minimizing the tax amount you have to pay each year. “

This is what we wrote in one of our articles for not long time ago, and it is true, almost any bank in an offshore jurisdiction has that strict rules and regulations that they simply are unable to enter into the Merchant Acquiring business. Offshore banks will not be able to obtain a license to clear Visa or Mastercard credit cards often because they wouldn’t be able to withdraw the money from the card holders due to for instant European banks would decline such requests.

For instant if you get a Merchant Account in the Philippines or in Mauritius which both are great known offshore jurisdictions and which also have a license to do credit card clearing for each country, then you will often face the problem that your customers can’t pay with their credit or debit card. This due to the fact that many banks for instant in Europe or in the US simply decline such request because those countries are knows for scam and frauds.

However the problem can be solved very simple. You can become a Merchant Account with some banks in Europe and in countries which aren’t black listed in other banks around the world, once you have this merchant account you can ask the agent or the bank with which you have the merchant account to transfer your funds to an offshore bank account for instant in Cyprus.

Don’t make the mistake and open a Merchant Account in your local bank and ask them to transfer the money to your offshore bank account which might be in any of the different offshore jurisdictions, because they won’t do that.

By using the above model, you will need to face that your payment processing rates and fees might be much higher then what you can get them to in your local bank, but this should make it up with the TAX benefits you get through your Offshore Company. Don’t be fooled by low budget payment processors and payment service providers which promise you a offshore merchant account with a processing rate for instant of 4% or even lower, that’s simply not possible.

Also all the so called “free” service that tell you they will process your Visa and Mastercard credit cards for 3% flat rate, no monthly and no setup fees, they will process the cards but don’t transfer the money to your offshore bank account, and even if they would like to do that, then their financial institution will decline that request.

As solid Offshore solution for instant in Cyprus isn’t easy to get done. It needs the experience and knowledge from people which have been working in both the Merchant Acquiring and the offshore company formation business sectors, There are only a limited number of Offshore Service Providers which can help you and also assure you to become the real and right solution, many other will fool you into something you have better been without.

For the real solution which both it secure and reliable contact cclogic.com the experts in Offshore Merchant Services

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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.

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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

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You decided to find out more about the benefits to have a offshore bank account with a Visa Debit Card, through this post I will explain a bit about how to get the bank account and the Visa Debit card in Cyprus.

In general it is most common that people outside Europe want to have a way to accept payments by Wire transfer for larger amounts, or to pay their bills by Bank Transfers, often an IBAN number is required for the bank account for other companies to make a Wire Transfer to a European Bank Account. In some countries it isn’t possible to just open a bank account in the local bank and that’s where it is a major benefit for companies and individuals across the World to be able to open a Cyprus Bank Account and also get a Cyprus Visa Electron Card connected to that account.

The Visa Electron Card can be used in all ATM’s around the world and have no limits, except funds needed to be available on the account.
There are also other reasons for companies or individuals to open a Cyprus Offshore Bank Account, one could be assets protection another could be to simplicity the payment transfers from companies in Europe to non European Companies.

Did you know that it is only possible for any authority in the World to get access to your Cyprus bank account if they can proof that you are involved in Money Laundering or financing of Terrorism? Most people are not. What does that mean for me? Simple, if you for any reason get in troubles with your creditors or you, by court order, have to pay everything you owe to an Authority or to a creditor because you really owe the money to them, then it is not possible for anyone to access the money on your Cyprus Bank Account, which make it possible for you to start a new venture later on or to secure your private finances to be able to exist in the future until you get a regular income again.

Now while you have a Cyprus Bank Account, then you might want to have easy access to your money, this is what you get with your Cyprus Visa Debit Card, you do not need to make a Wire Transfer to your local bank account and wait 2 -3 days for the money to arrive, no you access you funds immediately 24 / 7 / 365 that mean you will always have cash in the hand as long as you have money on your Cyprus Bank Account.

Interested? Sure I was too, and it is very easy to get this thing started, you only need a Reference Letter from your local bank which includes a letter of good standing and some ID with a picture of yours, once you have this in place it needs some application which is about 2 -3 pages and only thing you need is to read it and sign it, that’s all. Typically it takes about 2 – 3 weeks for the Cyprus Bank Account to be operational and to issue the Cyprus Visa Debit Card.

Did you know that Cyprus is a full member of the European Union? Yes but why care? Because you can get a offshore bank account in many countries and islands but your money isn’t secure there, often the banks are not regulated by any authority nor they don’t have any political infrastructure. It will put up some red lights on your business partners minds. Cyprus is known for its integrity and its banking infrastructure and your money, business and assets are secure there. You do not need to worry each day if everything is still there, it is.

Who can open a Cyprus Bank Account and get a Cyprus Visa Debit Card?
Every individual or company in the World can get it, as long as you have a reference letter and a letter of good standing together with valid ID.

This article should cover most questions we face daily regarding Cyprus Bank Accounts and Cyprus Visa Debit Cards, however should you still have questions than please visit our website and feel free to contact us. Above are the opinions of CCLOGIC LLC and it’s Author.