We are happy to have the possibility to work with a strong and trusted banking institute which welcomes our existing and new clients.

Should you have any questions or be interested to open a Offshore Bank Account in the Seychelles, please do not hesitate to contact us, we are more than happy to help you in any way it is possible.

Starting a company in a native country is the usual way to go about things, but there isn’t anything holding individuals back from setting up overseas. There are various complications when setting up overseas, most of which are usually taken care of by a company specializing in offshore company formation.

The laws in other countries may be quite specific. Whilst many try to set up on their own, it is more than advisable to consult professionals. Professionals specializing in the field are likely to know the ins and outs, what can be achieved and realistically, what can’t.

I have heard individuals talking about an IBC license, what is it, and do I need one?

Whilst we can’t delve into major detail in this article, there are a few key points that need to be researched when forming a company overseas. Individuals may have to apply for certain licenses. At the moment the most common license that needs to be applied for is the IBC license. Researching the IBC license may seem extremely complicated. Again, this is where a company specializing in offshore company formation is likely to make an individuals life a lot easier. Not only will they save individuals time, but it is likely they’ll be able to identify the most cost effective way of forming their company.

An IBC license allows a great deal of flexibility for a business owner. Whilst it means that the business can operate in countries that are not their native, it does offer other advantages. Just because a company is trading in a non-native country, doesn’t mean that the business owner needs to actually live there. For instance, a business owner born in England, could operate a business in India, but wouldn’t have to actually live there.

How can a business be run without an owner?

Just like business owners employ people to package products, write articles or manage certain departments, they can assign staff to run their company. Offshore company formation laws mean that business owners can recruit a manager or agent to run there company.

Since the pressure on the authorities in the different offshore jurisdictions and the banks are not that much in the summer season, then it is a good time to start your offshore company formation and to open an offshore bank account, the turnaround time is less what it normally is, which means, you business case can be completed much faster.

Why should I go for an offshore company formation?
The reason to form a company offshore are many, investments, business or assets and privacy protections are only a few of the many benefits you gain from an offshore company. Many existing and new business have a Holding Company offshore while they have their day to day business onshore. The benefits to have such an offshore company structure are the major tax benefits, for instant, you don’t have to pay tax on dividends, you don’t pay any tax on net profits and your assets are protected by strict offshore corporate laws.

With an Offshore company formation your business will simply become more profitable and you can react faster on expansions, investments and new business opportunities. For new entrepreneurs an offshore company formation can have a major impact on their future the same for online businesses, since the offshore company is more agile in the way of operation and the flexibility to “borrow” money from the offshore company if needed let you pay less taxes.

When you enter into an Offshore Company Formation you will need to ensure that your agency also can open an offshore business bank account for your newly registered offshore company. Those bank accounts are often opened in the Seychelles, Panama, Cyprus and such offshore jurisdictions. The best offshore bank accounts you will get with Cyprus. The banks in Cyprus offer a state of the art Internet Banking platform in English where you are able to send International Wire Transfers, have the options to trade foreign currencies, and to open investments accounts. Beside this, you have access to your bank account 24/7/365 to check your account balance and incoming transfers. Finally most of the banks in Cyprus offer the client a Visa or MasterCard Debit- or Credit Card.

CCLOGIC LLC has specialized in the formation of Offshore Companies in several of the major offshore jurisdictions like, Belize, BVI, Cyprus and the Seychelles. We can open business and personal bank accounts for clients Worldwide; there is no need to visit any of the jurisdictions in order to register an offshore company or to open an offshore bank account.

Fig.1 - Offshore Company Formation with nominee shareholder and director

The benefits from an Offshore Company Formation and the opening of an offshore bank account are many, and if done right it can give the maximum tax savings, privacy and assets protection and anonymity.

Many European countries have strict regulations on how you can manage your LTD or other limited company form; many entrepreneurs are struckeling in the effort to managing and survive of their company.

With an Offshore Company in countries like Belize, BVI (British Virgin Islands), Cyprus or the Seychelles you will have much broader possibilities to archive your goals to compete towards the competition in your business fields.

The mother company of an offshore company can for instant register a company in a European country, if their daughter company is obtaining a loan of a certain amount of money and the EU Company can now set off the interest in the annual report, saves taxes. This method is widely known by business professionals and used by many located in tax heavy countries. It might look unethical to some, but not less it is legal.

Taxation of instant income in a company can also be almost eliminated if the company is located in an offshore jurisdiction and the activities are taking place abroad in an offshore company.

An example of this is:

Our point of departure is five people which work as teachers on a local school, but which in their spare time have visited courses as masseurs and which are now educated to perform this as a work and by that make some extra income. The way they work is by visiting different companies around offering their services which are massage to the employees, once finished they leave and go to the next company. The business activity they place in an offshore company which also the one is invoicing the different companies they visit. In this way they don’t have a static address or office from where the work is performed which makes the entire business model not to be considered as a local business, now this is a foreign business and is not subject to any tax in the local country. Important to note here is that if they take a portion of the net profit from the Offshore company for them self it is subject to personal income tax.

In the above example, the money is going straight into the Offshore Company without any tax paid!

The important part is that the Offshore Company formation takes place correctly and you will need to have a professional offshore company formation agency to help.  For the tax issue in the above mentioned example and in any other case it is important to mention that you will need a Nominee Shareholder and Nominee Director which can be locals or foreigners, but the nominee service is the key here. See also the Fig.1 on this page for an illustration of the correct incorporation.

CCLOGIC LLC is providing offshore company formation in, Belize, BVI, Cyprus and the Seychelles and can beside the offshore company formation also help with the formation of Trusts and the opening of offshore bank accounts, we have been serving clients worldwide to archive their goals and this for many years.

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.

First you will need to figure out which offshore jurisdiction you want to incorporate, Belize, BVI, Cyprus and the Seychelles are the most common places for a Offshore Company Formation. To setup a offshore company in one of the mentioned regions are not difficult many of the professional Offshore Company Formation Service Agencies can help with it, however, it is important that you get a offshore company setup which is customized to your situation, which is different from client to client.

You will need to ensure which laws apply for you citizenship in the country of your residence, some countries have some very complicated tax and legal regulations where others almost not bother, the last applies only for a handful. Regardless of which of the mentioned countries you choose you will need to make sure that you are able to open a business bank account for the offshore company, failing to do so, will make it worthless to enter into a offshore company Formation.

Cyprus has one of the best banking infrastructures in the offshore jurisdictions you can find, furthermore they have a high level of banking secrecy, they are a member of the EU but retained the regulations in regards to banking secrecy, company formation regulations and much more.

You have several options available, however a Cyprus bank account can be opened by any company Worldwide as long as the company is duly incorporated and the beneficial owner can be identified.

When we suggest our clients to go for an offshore company formation, we often want it to be less complicated and therefore suggest Cyprus for the company formation and also the opening of the business bank account. Cyprus has two efficient ways to incorporate a company, first it can be registered as regular company which is subject to a corporate 15% Tax (which is the lowest tax in Europe) and then the most common registration as an IBC (International Business Company) both are very easy to form, only condition is that we know it first of, a IBC requires foreigners as shareholders and Director, this can be through nominee shareholders and directors, which give a 100% anonymity or it can be the beneficial owner itself, we recommend the nominee services.

The British Virgin Islands, Belize and Seychelles offer a 100% corporate tax free setup of the offshore company and can also be appointed with Nominee Shareholders and Directors, further, those companies can open business bank accounts in Cyprus as easy as an Cyprus Company can.

CCLOGIC LLC has specialized in the offshore company formation in, Belize, BVI, Cyprus and Seychelles, we have a many years of experience also with the formation of Offshore Trusts in Cyprus and Panama. Our large number of offshore banking for which we in many cases are official introducers for helps clients worldwide to archive the ultimate offshore company and banking setup.

When you considering to invest in other businesses, securities or property abroad it is an efficient way to protect you’re your privacy and to save taxes if the investments are executed through an Offshore Company setup.

Investing in properties as a European citizens can costs the beneficial owner a lot of money in tax’s, securing the investment in case of death is also very difficult if the investment isn’t made through an offshore company structure like the below illustration.

It is widely known by many business professionals and investors, that investments made through an offshore company brings more profit to the owners and is an easier way to make reinvestments.

Below we have made an illustration of the ultimate setup for any investor or business professional which wants to archive the most important goals, privacy, anonymity and profit security.

Offshore Company Formation Structure with Offshore Trust in the top

 CCLOGIC LLC has specialized in the formation of offshore companies, offshore trusts and the opening of offshore bank accounts for investments or savings. We have been in the industry for many years, during this time we have helped hundreds of clients worldwide to archive their goals. Visit our website for more information or contact details.

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.

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.

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.