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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.

Offshore Company Formation and Offshore Bank Account (C) 2009 – CCLOGIC.COM – Register your Offshore Company today.

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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.

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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.

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I have been looking into the Offshore Company Formation in Belize, Cyprus and Seychelles, but I can really not figure out why I should go for an offshore company formation in one of those countries or maybe should I incorporate in all of these offshore jurisdictions?

My business case is the following; I have been selling Electronic devices like IPods, Computers, Iphones and such things and have been very successful now for many years. During the years I have been busy and just paid the Company Tax and Income Tax I must as everyone else have.

For just a few weeks ago I came to read an article on the local papers where they described how it was possible to setup an offshore company structure and by doing so, save taxes and also protect all the assets which have been build up and earned during the years.

Now I wonder what would happened if I don’t go with an Offshore Company Formation and due to the financial crisis raging will lose my business, would I really have something left over once the creditors have been there even if it is a LTD or LLC in my local country? Or would I have lost everything in one shot?

I don’t mind to pay TAX as long as it is reasonable, to pay tax both for my company and personal tax is starting to annoying me, since it is itself at the moment very difficult to compete with the competition, so now I’m investigation all aspects of the Offshore Company Formation to be prepared, just in case.

Above is what we found on a forum and I personally find it very interesting to read since this must be some consideration every business man or Investor should do.

Now I will quickly try to explain just 1 option here, the possibilities are many and we don’t claim here that the below will be the only option but will rather advice to contact some professionals which have the experience and the knowledge to make any advice on this area, typically this is a registered Auditor or Lawyer which can help.

Now to the solution for the proper Offshore company Formation and company structure.

If above hypothetical case is what we look at, then the first step would be to incorporate a offshore company in one of the following offshore jurisdictions, Belize, BVI or Seychelles, those countries offer the best possibility for anonymous company formation, now when registered properly (I will not go into details here how it is done), we will on behalf of the above company register a company in Cyprus which we only will use to conduct business with. The Cyprus Company will be registered with Nominee Shareholders and Directors as foreigners and we will not reveal our self as beneficial owner since it will be the other offshore company which will own the company.  Now we would suggest to become a Cyprus Bank Account for this company (which is easy to become) and if needed a Merchant Account (which also is easy since it is part of the EU)

Now you will have the perfect solution for your issue and no one will be able to control how much TAX you will have to pay, no creditor will be able to access your assets and as an Investor you will be fully legit to invest in any Stocks, Company and even conduct Forex Trading as a legit company.

Contact CCLOGIC LLC for more information : www.cclogic.com

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The term Offshore company Formation is covering a lot of different offshore jurisdictions around the world, just to mention a few of them, Belize, Seychelles, BVI and Cyprus are those offshore jurisdictions there are several more and it depends very much on your type of business and which products or services are sold when you plan a offshore company formation.

An important part when you consider registering an offshore company is, that you are able to become a offshore bank account for the company, without a bank account your offshore company is worth nothing.

If the reason for an Offshore Company Formation is for liability, assets or privacy protection we often suggest to carefully planning your company structure. For instant it isn’t always enough to just have one company in an offshore jurisdiction if the purpose is assets or privacy protection. In these cases we recommend to have a Holding Company in for instant in the British Virgin Island, Belize or Seychelles and have the company with which you are conducting business be located in Cyprus.

To have a Offshore Holding Company outside of Europe and in an Offshore jurisdiction like Belize, BVI or Seychelles has the benefit that you can incorporate it anonymously which gives you the privacy and assets protection which in this example is the main purpose.  To top up this and to not limit yourself or your business it is a great benefit to have your business take place in a Cyprus Company since Cyprus first of is part of the European Union which makes it less difficult to become a Bank Account for your day to day banking and if you conducting Online Business to become a Merchant Account to accept credit card payments.

A Cyprus Company can be registered by a Company in for instant Belize, Seychelles or BVI and those Offshore Companies can also be side to be the shareholders act as Directors for the Cyprus Company.

When you want to take out your profit in the Cyprus Company it can easily and with no obligations to TAX be transferred to your Offshore Company located in the offshore jurisdictions mentioned above.

We are specialized in the setup of entire Offshore Company structures which includes the opening of Bank Accounts, Merchants Account and registration of companies in the offshore jurisdictions, Belize, BVI, Seychelles and Cyprus. Please do not hesitate to contact us for additional information or visit our website.

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Offshore Company Formation – Cyprus – key information:

Cyprus Company Formation, includes:
Documents and possibilities available upon completed company formation:

Apostilled Documents
Company Certificate
POA / power of attorney
Registered Cyprus Office address
Tax & Vat registration
Original Documents available
Nominee Services / Nominee Shareholder and Director Services

About Cyprus:
There are lots of reasons why people choose to visit and even live on the island of Cyprus,
amongst these are its perfect climate, stunning beaches and the people themselves.

Cyprus MAP

Over the years, Cyprus has transformed itself into an international financial centre, helped
along by its strategic position close to both Europe and the Middle East, an already established
infrastructure in place and a skilled workforce.

Once you know that Cyprus also offers its residents and non-residents a favourable tax system
and modern banking facilities, it becomes clear as to why so many companies choose to base
their offices here.

Cyprus has been a major trading post for hundreds of years with traders visiting its ports and
contributing to make the island an important cultural and foreign exchange destination.

It has experienced substantial economical success mainly due to the positive policies of its past
governments and the ability of the locals to adapt themselves to changing circumstances and
market demand.

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If it is the first time you considering to open an Offshore Company or to take your business offshore, then you properly already ran into a lot of questions, like where can I find a reliable company which will do the Offshore company Formation for me, and which country to go for.

The first you need to consider when you want to take your business offshore, is, what the goals are. We can already now see that most people form an offshore company while they are doing a good amount of money with their online business.

 So next is, what type of business are you doing is it offline- or online business, if it is online business and you are doing well we highly recommend you to incorporate an offshore company for instant in Cyprus. The day to day trading is much easier with an offshore company then with a regular company or even as a sole trader. Also the most important is, you will safe TAX, have a good portion of assets protection and you can concentrate about your business and not authorities which ran into your doors to punish you with VAT, TAX and book keeping questions.

To run an Online business is difficult since the competition is enormous and you need to keep track on your traffic, Google ranking and a lot other stuff to keep your business going. You do not need also to have the hassle to keep track on TAX and VAT issues. With an Offshore Company in Cyprus you will have all the benefits as a regular business and company formation, and you will find it way easier to manage your business once you get your Offshore Company ready.

For offline business it is still a good idea to go offshore, the benefits are many and just to mention a few, then an Offshore Company as an holding company can be of great tax advantages and assets protection instrument. Furthermore if you form an offshore company in Cyprus you will still have a 100% legitimate business and which is within the European Union.

CCLOGIC.COM provides reliable and secure Offshore Company Formation in Cyprus and also have a wide range of other Offshore services available, like offshore bank accounts, accounting services and legal advisors available.

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Offshore Company Formation is in this financial crisis the second choicest way to increase profits and net income for small and medium sized business and more important for Online Businesses.

Companies from all around the world and which conduct in most cases online business are considering to incorporate an Offshore Company,
the demand from our clients is that much that we instantly have 10 Offshore Companies ready for you to buy.

 Why should you consider an Offshore Company and where should my Offshore Company be located, which jurisdiction?

First, you should consider a Offshore Company while in most cases you will have only a little to no tax to pay which increase your bottom line, and because of assets protection, it is almost impossible for any authority worldwide to trace down ownership of an Offshore Company, that’s why you see many companies on the Internet which have incorporated their business in an Offshore Jurisdiction.

Where to incorporate My Offshore Company?

You should choice a jurisdiction which is trusted by many other reputable countries like within the European Union. Cyprus is a great place to incorporate your Offshore Company, since they have a lot of opportunity for fast incorporation, anonymous company formation and many other instruments which make it lucrative to incorporate your Offshore Company in Cyprus. Best of All as a foreign director and shareholder your will have to pay 0% TAX in your Offshore Company if incorporated in Cyprus.

Yes that’s right just make sure to have an foreign shareholder and director in your Offshore Company in Cyprus, which we can help you with. We provide nominee shareholders and directors for Offshore companies which are incorporated through our Offshore Services in Cyprus.

Please contact us for your Offshore Company formation needs, we have specialized in this field and have a army of Lawyers, accountants and knowledge personal available to assist you with any legal or TAX issues you might have with your consideration of an Offshore Company in Cyprus.

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Are you seeking anonymous banking facilities for your corporation or just for you in person? Then read here we will show you a few ways to easily and without notarized documents to become a business or personal bank account as easy as say 123.

That said then we will have a few things in place before we go an apply for an anonymous bank account in an offshore jurisdiction with an Offshore Bank for instant in Cyprus.

You will need a reference letter which can be obtained by your existing bank, a lawyer or certified accountant the last one you can find looking up in your phone book.

Next you will need a Utility bill which can be a phone or electricity bill, or you can make a copy of a reason bank or credit card statement.

Finally you will need to have a scanned copy of your passport or any other picture ID which is issued by some authorities of your country.

That’s it, now we are ready to apply for an anonymous Offshore Bank Account with an Offshore Bank in an Tax Have jurisdiction.

What you will do is to find a European offshore jurisdiction which could be for instant Cyprus and which have a good bank secrecy. In the Offshore jurisdiction you will need to find a Agency service which often is doing Offshore Company Formation and Offshore Bank Account opening services at the same time together with TAX planning for Offshore corporations and entities.

Don’t know where to find such an Offshore Corporation service? Wait and look at the very end of this article.

Now you have your documents ready, you have found your Offshore Jurisdiction and you found an Agency service which is dealing with offshore incorporation and Offshore Company formation as professionals.

Ask for the Banking application, ask if they have some Online Internet Banking, if you need to visit the Offshore Jurisdiction where the Bank is located for instant Cyprus and ask if you need to visit the Offshore Country / Tax Haven. In 99% everything can be done online without you to have to travel anywhere. Most Offshore Banks will open account through Offshore Company registrars also called Offshore Company formation agencies or trust services. You will complete a few application which are send electronically to the Offshore Agency service which again will send it to the Offshore Bank they work with.

The entire step take about 5 – 8 days!

Wait, how do I get an anonymous Offshore Bank Account with Online Internet Banking, multi currency and an offshore debit or credit card?

If you open a Cyprus Offshore Bank Account as a personal bank account, the banking secrecy will protect you at a certain level, but to get 100% anonymous offshore bank account, you will need to register or incorporate a Cyprus Offshore Company. The offshore company should be registered with foreign nominee directors and shareholders and you will need them to sign the documents for the offshore bank account opening you will get the Online Offshore Internet Banking pin codes and only you will have access to your offshore bank account, they will not have access to any of your moneys.

For Cyprus Offshore Company Formation and Cyprus Offshore Bank Account opening without notarized documents and 100% anonymously please contact CCLOGIC LLC we have several years of experience in the fields and work fast, secure and professional.

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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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