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When considering moving your online business offshore in the sentence the physical location of your company and the legal aspect of it, then it isn’t only the offshore jurisdiction you will have to look at. Many Offshore companies are incorporated where the banking options are limited, this often involve huge reconstructions of the entire organization and company structure once it comes to online payments.

An Offshore Company Formation for instant in the British Virgin Islands or in Belize can have fatal consequences when it comes to apply for a Merchant Account with any bank in the US or even Europe. Many clients don’t face this problem in the beginning while many Payment Service Providers around claim to take on businesses worldwide, often this is true, but the huge rates and fees that follows with the merchant account and payment processing are take a large margin of your profits.

When considering an Offshore Company in offshore jurisdictions like Belize, BVI, or the Seychelles, it should only have the purpose to conduct offline business or be part of a Offshore Holding Company structure which later on will be used to setup a offshore company in an jurisdictions which is “online payment friendly”, in can be of great benefit to have a Offshore Holding company and later register a offshore company for instant in Cyprus which can apply for the merchant account. The benefits are huge tax savings, privacy protection and securing funds, furthermore it is easy to “roll out” another online business for which another offshore company formation is taking place.

When you apply for a Merchant Account for instant with a Cyprus company, you will need to have a few things in place before you apply, following the below will save you time an unnecessary questions from the Acquiring Banks and even the risk to get an decline from the bank.

Beside the Offshore company Formation itself you should also have a bank account for the company, this can also with benefits be opened as business bank account in Cyprus and be used for the Acquiring Bank to transfer your money to. A Cyprus Bank Account comes with advanced Internet Banking in English and you have access to your funds all around the clock, you can send International Wire Transfers directly from the e-banking platform and you can access your account balance.

Further, you will need to have your website ready and to be compliant with the general terms and regulations from the card association, this includes, the Visa and MC logos need to be on the website, your Terms and Conditions for when a sale take place need to be clear visible on the website and very important you will need to have the companies name, address, country and e-mail and/or phone number visible on the website. If the business requires a license, the license need to cover the jurisdiction where the company is registered and within the Acquiring Banks jurisdictions.

CCLOGIC LLC is an Offshore company Formation Agency service, which manage the setup of Offshore Companies, opening of Offshore Bank Accounts and Merchant Accounts for clients worldwide. We have many years of experience in this field and help clients on a daily basis to archive their goals.

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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.