Do you like this site? Do you want to read more, then please click the Google or Facebook Icon

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.

Do you like this site? Do you want to read more, then please click the Google or Facebook Icon

While I started a new business for years ago I was thinking of just to register a local company and get my business started without in any way to consider going offshore.

Since the business I was doing at the time involved many customers and business partners from outside my country, then I was slowly introduced to the Offshore World because many of the partners I had already knew about the benefits, it was only me that just found it strange with all these different tax haven countries.

I started to do some investigation about how to get a company in a tax haven, to find information by my local authorities and made some research on what others have to say about it. The response was massive and not to mention people were freaking out while asking this question, is there any benefit for me to incorporate a business in Cyprus?, I should never have asked.

People which conduct regular business as usual and which trust their government and the political stability in their country will never participate with such activity.

I decided to go my own path and started with an Agent I found through Google, it was one of those links on page 1 searching for Cyprus company formation, I was lucky and the guy helped me to get everything done, it was a seamless process I just need to provide some ID a reference letter and then sign a few documents and return them by post mail. A few weeks later I got all the documents and Apostil and took them to my lawyer, since I wanted him to verify everything was ok, and it was.

[....] Read the entire article here

Do you like this site? Do you want to read more, then please click the Google or Facebook Icon

We at CCLOGIC LLC are an independent consultancy and expert company, each of the individuals working for CCLOGIC LLC is handpicked from the industries which our consultancy services cover.

Our goal is to provide the most professional solution for our clients, we don’t want to be the cheapest and we do not enter into discussions about our fees.
We are that convince about our own performance that we only invoice a client if we are 100% sure not to fail our mission.

How do you differ from all the other companies?
CCLOGIC LLC is first of all compared to any other company in our industry, an independent consultancy firm, we are not married with any specifically bank or service agent to which we send all our clients. CCLOGOC LLC is extending their network of sub contractors each day and we know almost any aspect of the arena we are battling on.
In the opposite to many Payment Service Providers on the Internet which offer company formation, payment solutions or the opening of bank accounts and advertising strategies, then we have one thing in mind and what counts. If we haven’t put money into the solution we offer, why should our clients do? Our existing is because of the many clients who contact our company each day, we rely on them, and we want their reference on our client list.

CCLOGIC LLC is not in any way involved in any payment processing operations, nor are we involved in the day to day management of any Offshore Company or Offshore
Bank Account, no, we have used all our sub contractors for our own purpose (some of them for more than 5 years) and made our own experience with them, and they
are experts in what they are doing, that’s why we choice them as partners for CCLOGIC LLC.

The services CCLOGIC LLC offers are all in synergy with each other and that’s why we can handle all of them under one umbrella, we use them daily by our self with great success.

How we operate:
CCLOGIC LLC strives to deliver a fast, professional and reliable service to our existing and new clients, we won’t involve our self in any of our clients operations, and we don’t want to have access to our clients money. Also we want to have the right without any further details or discussion to discontinue the work with a client if we fell they are fooling us into a business we dislike or are just not honest about their entire business case. Most important to us is, we don’t want to waste our time on clients which don’t want to pay for the minutes and hours we are using on them, because they came to us because they had a issue they need to have solved, we didn’t contacted them.

[...] Read the entire article here

Visit our Offshore Company Forum Today, where you will find much more information about Offshore Company Formation and Cyprus Offshore Bank Accounts

Do you like this site? Do you want to read more, then please click the Google or Facebook Icon

Much have been said about Offshore Company Formation and especially company formation in Cyprus, we have been through the topics of assets protection, how to establish an Offshore Company for instant in Cyprus and Offshore companies in other countries.

While we try to give you in depth going information about the phenomena “offshore company” to prepare you for starting your own offshore company in all areas of the world and of course also for establishment of Cyprus Companies, then we decided to highlight a few things which we think are of interest for you and has some grade of importance.

It is a fact that you are able to hide and shielding assets from creditors and other claimants and that it is an efficient way to use an offshore corporation for this purpose, many will define this step as illegal and unethical, however this isn’t your problem, since to operate a offshore company is not illegal as long as you comply with the local regulations in the jurisdiction the company formation take place.

Some say “ Corporate vehicles can also be misused to hide and shield assets from creditors and other claimants, such as spouses, heirs, and tax authorities” Again true. And they continue

“ The obscurity provided by certain types of corporate vehicles can be exploited to conceal the existence or ownership of assets in order to keep them out of the reach of creditors and other claimants. In some bankruptcy cases involving individuals, for example, funds have been siphoned out of one jurisdiction through shelf companies and trusts incorporated in other jurisdictions where it was extremely difficult to trace beneficial ownership”

So you are good Sherlock and I think in many cases it is not ethical right to hide and protect your assets from other peoples, creditors or any claimants, however, there are circumstances in which I believe it is a great to use your offshore vehicle as for this purpose. I have seen some cases where a 100% legit company was driven by an entrepreneur and which only hardly got the thing to take off, so he decided to take in partners which was people from the big business, what they did, they cheated the a.. out of my

[...] Read the entire article at Cyprus Company Formation dot Net

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

Do you like this site? Do you want to read more, then please click the Google or Facebook Icon

Actually they are no different, most people know better the term offshore company since it is the term which is used by many people to describe companies which are located in countries with TAX benefits.

To manage a Cyprus company it isn’t different then managing any other company in any other country, however there is a great benefit for having a Cyprus Company or also called Offshore Company for businesses which trade their gods and service online or which want to make investments.

Most likely people do a Cyprus Company Formation because they want to protect their assets and because it often is easier to have a Cyprus Company / Offshore Company then a local company due to TAX reporting and of course due to TAX treaties. Also in many European countries you must have about EURO 17.000 in share capital to start a company, which isn’t necessary with a Cyprus Company or Offshore Company most often such companies can be established with a share capital of EURO 1.000.

What you also should consider is if you start a new business and you don’t know how things will go then it is much easier to liquidate a Cyprus Company or an Offshore Company in general than any other European Company since the highly regulated countries in Europe will require you to report TAX and Liabilities before you can close / liquidate the company which often is connected with additional costs.

Some may say that an Cyprus Company or an Offshore Company in general isn’t the way to go due to difficulties to trade with other companies because of the limited liabilities such an company has, but this isn’t true, Cyprus is a full member of the European Union and has a good and strong regulated Banking infrastructure which shut down some of the red lights in many people’s opinion.

If you are going to sell your products and services through the Internet, then an Cyprus Company formation or a Offshore Company formation in general is the way to go, you can get started easy and with less costs then with a local company and most important, with your Cyprus Company or Offshore Company in general you will have more protection in regards to liabilities and assets then with a local company formation.

If you are interested to register a Cyprus Company or Offshore Company in general then CCLOGIC LLC can help, contact them today.