Offshore Company Formation

Offshore Company Formation and Offshore Bank Accounts combined with TAX issues and information on how to avoid TAX of net profit!!

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Register an Offshore Company and increase your profits and get in front of the competition!

Posted on March 23, 2009 by Peter
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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.

Posted in Offshore Company Formation | Tagged Cyprus Company, ibc bank account, ibc company, Offshore Bank Account, Offshore Bank Account, offshore company, Offshore Company Formation

TAX and Legal issues with your Cyprus Company.

Posted on March 17, 2009 by Peter
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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.

Posted in Offshore Company Formation | Tagged Cyprus Company, cyprus company registration, Offshore Bank Account, Offshore Company Formation

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