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

January 2011 – Offshore Company’s, Trusts and Foundations for Asset Protection, Money Laundering or Tax Savings – this is the picture drawn up by the government’s all around the world, offshore jurisdictions like Panama, Belize, Nevis, Cook Islands, Bahamas/Nassau and many others gave up on the pressure from the major EU countries and the USA – It is almost no longer possible to hide any money transaction if it is done electronically by Bank to Bank transfer or Credit / Debit card transfers, nor is it possible any longer to hide behind a Offshore corporation if the company has a bank account, also not if it is a so called offshore bank account, why not?  – The answer is pretty simple and straight forward, in the so called old days (about 2 – 3 years ago) and before the financial recession which hit the world economy the procedure to open a bank account in an offshore jurisdiction like Panama, Belize, Bahamas, Cyprus and beyond many other jurisdictions were simple, just provide some sort of corporate documents and have a nominee to sign on behalf of the company, the banks didn’t asked for a clear and transparent company structure which shows the beneficial owners (real owners of a company) not did they care much about if the passport, utility bill or any other document provided was real and up to date! – This was a kind of a loop hole for many also sadly enough for criminals who were able to finance there activities through offshore corporations and accounts worldwide.

Now what has changed?
Actually today it is very clear, if the purpose of an Offshore company and a connected offshore bank account is money laundering, tax hiding or financing of any sort of criminal activity one won’t be able to go any further with it, the entire process will be stopped at the latest by the bank’s around since today it is required to provide proper prove of company and account holder, this has to be able to be verified one way or another.

But there are still Offshore company Agents who offer 100% bullet proof corporations and bank accounts, so it is not true what you say?
This is 100% nonsense and nothing “bullet proof” today as already mentioned above no Offshore Trust, no Offshore company, No Foundation, No Fund will ever provide anything that is “bullet proof” as known from the past, actually, providers / companies that claim they have such an solution simply lie and want to pick up the money from your pockets and nothing else, or they are not used to keep know how the world looks today and tomorrow they still offer solutions which were possible for 4 or even 10 years ago, this to the great negative personal impact it can have to the people who buy from such companies / offshore providers.

Of course there will always be options out there to hide money, there will also always be options around who may be tools to finance any criminal activities but today’s governments and their Intelligence services will catch people sooner or later, don’t be naive!

So why do you still sell Offshore corporations?
Actually there are many reasons for why one will incorporate a offshore company, one of them is privacy and anonymity another is reducing tax and then we have finally creditor protection in special circumstances.  What do we mean with “Special Circumstances” – this is one of the most overlooked items a offshore corporation can be used for, for a brief explanation read on, while it is very easy for any creditor to get a court order to access the assets of a resident/local company if they are unable to pay their bills because they are close to file bankruptcy then it is very expansive and in most cases impossible to access assets of an offshore company!  This can be a key factor if the entrepreneur behind a new company maybe just had to little knowledge about the companies activity but want to start again just without the mistakes that forced the first company to file bankruptcy.  Or companies that have been in business for ages but hit by the financial recession or other circumstances that force the company to file bankruptcy, there are many reasons and incidents  that can describe ” Special Circumstances” for an entrepreneurs starting a new venture it is crucial to protect the personal future and not spoil it because an idea which simply not will work. While some only look in the direction of Offshore companies and offshore bank accounts because they want to hide from the tax authorities or because they have any sort of criminal activities going, then we are glad to tell the reader that we have many who are incorporating an Offshore company for the above mentioned reasons and as well not mentioned reasons.

What are the best offshore jurisdictions to incorporate?
There is no “best” offshore jurisdiction, for the time (2011) we recommend the incorporation of Seychelles companies because they are still very protected and almost untraceable in regards to owner ship, also for asset protection they are the perfect tool, most often we recommend a Seychelles company in combination with a Cyprus company if the business activity will take place as well in Europe or if the purpose is a Holding Structure.

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

Foundations are the favored asset protection tools of the Elite and Rich People, A seychelles Non-public Interest Foundation is a mixture of a will, a trust and a co. best of all, in a way. Seychelles Foundations are way more flexible and can finish more than Trusts and they’re secret.

It will only take 2-3 working days to form a seychelles Foundation. Seychelles Companies can be made in the same 2-3 days even if the Concern is to be owned by the Foundation.

Nobody owns a seychelles non-public Interest Foundation, so you aren’t the owner of the Foundation, nobody is according to the official laws of seychelles. A seychelles Foundation can own the paper of a seychelles unnamed Bearer Share Co. , therefore removing you from being any form of owner of the Co.

Now since the Co. belongs to the Foundation and you own neither it creates a most advantageous eventuality for some individuals. Add to this you aren’t the founding father of record of the Foundation ( we provide a founder ), you appear in no public registry or database re the Foundation and the Foundation can also be so made that you aren’t even a beneficiary, you can just be the protector which is a personal position never appearing in any database or public registry.

You aren’t a beneficiary of the Foundation which some executives could view in an identical way to the beneficiary of a trust, not an owner of the Foundation and not particularly a real person of control, simply a protector who defends things to be certain the wishes of the foundation are fulfilled. Foundation protectors do not initiate transactions just oversee them to be sure they match with the wishes of the Foundation therefore they don’t seem to be folks with true control of the Foundation, they just have halt power. Read below to learn more and questions are always more than welcome. This is serious material that has to be studied before one can really think well of all the idea that went into the law making the seychelles Non-public Interest Foundation with all its sophisticated and not so refined benefits which make this the most excellent asset protection tool in the world today.

Summary of seychelles Foundation Benefits : Protects assets from fiscal enemies and potential finance enemies. A seychelles Foundation can own one or two seychelles Companies . This suggests you can operate a nameless seychelles Firm which isn’t owned by you, it is the property of the Foundation.

Foundations have no owners. A seychelles Non-public Interest Foundation is a court tested technique to keep assets resistant to the private debt of the person beginning the Foundation. It hinders forced successor ship. The seychelles statues in relation to Foundations are based mostly on the Lichtenstein model Stiftung. * According to seychelles law, the assets of a seychelles Personal Interest Foundation aren’t said to be subject to sequestration or embargos. This indicates that the assets can’t be frozen as a protecting measure before a full trial is gone thru.

The meaning of sequester is like this from the legal dictionary : a legal writ sanctioning a policeman or commissioner to take into custody the property of a suspect who is in disregard until the orders of a court are went along with, or a deposit whereby a neutral depositary agrees to hold property in suits and to revive it to the party to whom it is arbitrated to be part of to. The exception to this rule would be if the Foundation itself ( not the founder, not the protector, not the council members, not the beneficiaries ) did something illegal like as an example it unlawfully broke a lease on a property exchange and refused to pay the rent owed, then the Foundation assets may be frozen to the limit of the total owed under the contract if a judge so ordered and a bond was posted. If the Foundation itself doesn’t at once commit the illegal action then the assets of the Foundation aren’t subject to freezing or fit. This gives one great peace of mind when paying for their foundation and we suggest to our clients the Foundation never do anything that can lead to any legal action, regard it as a holding entity. Welcome to seychelles. * The foundation can have instructions to get rid of assets in a certain way in the event of you coming up against heavy legal or other problems like being sued, being pushed into bankruptcy, being kidnapped and held for ransom, being blackmailed or the victim of extortion, or if in any fashion you are incapacitated or your capability to function unreservedly is inhibited in full or in part, for example. There may be secret instructions for a particular person to handle assets in such an event as the founder sees fit. These secret instructions can designate a non permanent protector in the event you are under such duress with particular instructions as to how he should continue with the foundation and its assets. This would take away the capability for you to move the foundation assets around, period.

This is now something you cannot do till you can demonstrate to the person inserted as the non permanent protector the conditions acting as the trigger for the empowerment of the new protector are now not in place or no longer operative and you are now not under duress and then as per your instructions you’ll be the Protector again with all the power returned to you.

Seychelles Foundations have no owner so there’s no registry in existence that records Foundation possession in seychelles. The Foundation could be a stockholder or owner of an enterprise. So your Foundation might be the owner of an unnamed seychelles bearer share concern which you use to conduct business. Then you might say you aren’t the owner of the co..

Since a seychelles Foundation truly has no owner you’d be speaking the truth and in the improbable event the Foundation came up you might also say you don’t own that also. * Foundations can be used to make provision for the money well being of family members according to your explicit instructions.

Once could say my foundation revenue will go to my surviving better half but in the event the partner remarries then the foundation proceeds will go to my eldest kid. This would be enforceable in seychelles. The Foundation can protect closely held companies, providing for continuity into 2nd and 3rd generations by stopping property-splitting ; to guard and supply for minors or disabled folks or those incapable of handling their own assets ; to manage payments of earnings or distribution of assets to family members or to make provision for their schooling, housing, or upkeep.

• The Foundation can manage profit sharing or allowance plans for staff, to hold shares, take part in or have an interest in private or public corporations ; it’s an automobile for the collection of royalties.
• It can take part in commercial transactions where the results of such are devoted totally to the non-commercial purpose or objectives of the Foundation. Extraordinarily handy point.
• you may have a formal written agreement designating you as the investment chief or business boss for the Foundation. This agreement would be signed by the Nominee Council members and would be notarised and apostilled if necessary.
• The accord could spell out your compensation including benefits like use of foundation car, travel costs, general cost account, use of foundation flat or house, use of foundation ship, medical advantages to be paid directly by the foundation to the medicare supplier or doctor including non-compulsory surgery like cosmetic surgery, paid legal costs direct from foundation to legal firm, for example.
• According to seychelles law, the assets of a seychelles Non-public Interest Foundation are said to be “non-embargable”, and “non-sequesterable”, that means that the assets cannot be frozen under any circumstances.
• The seychelles Foundation wants no business license.
• the once a year tax for the Foundation is fixed at $300, which is included in total successive year charges of $695 beginning in year 2.
• The Foundation can act as a last will and testament.
• The Foundation can effectively guard against disputes among successors.
• The Foundation can carry on systematic, philanthropic, spiritual, humanitarian or academic purposes.
• The Foundation can have bank accounts. * The Foundation earnings is tax free under seychelles law.
• Royalties, copyrights, trademarks can be allotted to the Foundation.
• You can assign assets to a seychelles Foundation in turn for a pension.
• The Foundation can be an investment car for property, stocks and bonds. It can hold bank accounts, boats, planes, artwork, collectibles or other assets with highly categorical instructions as to how such assets should get handled under varying circumstances, all bespoke to meet your wishes. Restrictions – generally, Personal Interest Foundations may not enter into commercial activities like a firm but they may carry out commercial activities like owning companies that are actively engaged in commercial business activities, so long as the profits of those activities are used for the purposes that the Foundation exists. The Foundation can naturally take part in passive investments like market investments, hedge funds, bank deposits bearing interest, Foreign exchange , bonds etc so long as the proceeds are used for the purposes that the Foundation exists for the advantage of the beneficiaries and you can naturally be a beneficiary of the Foundation. You might also have an investment executive agreement with the foundation signed by the nominee council members, notarised and apostilled saying your compensation and advantages for handling the investments of the foundation. This agreement would be personal and would document your role as a worker with the foundation. Cast of Characters in a seychelles Personal Interest Foundation – The Foundation has a Founder, a Council, a Protector, and Beneficiaries.
• Founder : The Founder is the person or entity that creates the Foundation in the general public Registry of seychelles.
• Our legal company gives a Founder for you since the Founder appears in the general public Registry. We offer a Founder who doesn’t know you for your privacy, protection and anonymity. The Founder has no control over any sort over the Foundation and its affairs, and is only recognized as the individual who presented for filing the Foundation articles in the general public registry when the foundation was initially registered.
• Council : The Foundation’s Council can be regarded as being like the board of a firm. The council members are each recorded in the general public registry with their names and identification as council members of the Foundation. Our firm designates a Nominee Foundation Council to fill the council positions like we offer nominee directors for a co..

The nominee council members don’t know who you are to provide privacy and anonymity for you. Together with each nominee council member comes an undated letter of resignation enabling you to replace the council at any point. Nominee council members have no control of the Foundation assets, can not go to the bank and take money out since they’re not deposit account signatories. If the nominee council members attempted to add, change or remove the deposit account signatories the seychelles bank would immediately contact the existing signatories on the account for authorization in which case the signatory would call the police and the nominees would go to jail.

The nominees know this, seychelles banks understand nominees and this isn’t a sting that may work. Being a nominee doesn’t come with bank signatory rights or any other type of asset control. A seychelles Establishment can take the place of the nominee council members.

Protector : The Protector is the person or entity who has got the real control of the foundation and all the foundation assets. The Protector is chosen by the Foundation Council at the time the Foundation is created. After the Protector is put into position, the Protector is free to get rid of and replace the nominee council members whenever they selected to do so without any farther authorizations or steps wanted to be taken. The Protectors appointment can be kept non-public thru a notarised Non-public Protectorate Document, signed by the nominee foundation council members. This document isn’t registered or recorded anywhere therefore the position of protector is reasonably non-public or simply about incognito, not to be found in any government database or registry. As protector you can maintain complete control of your foundation and its assets while maintaining heavy privacy. A protector is not compulsory, and one can always employ a nominee protector as well. It is feasible to insert in the foundation charter or in its laws that for the nominee council members to basically be ready to exercise their powers they are required to get written authorisation from the foundation protector.

This suggests if they attempted to do something for the foundation like enter into a contract they might be needed to present the document that names them as foundation council members and this document also boundaries their power to act requiring written authorization from the protector.

In the case of a bank, the bank contacts the current signatories in the event there’s a request to add, remove or change signatories.

Same would apply with regard to a request to shut the deposit account. * Beneficiaries : The seychelles Non-public Interest Foundation doesn’t have owners, it has foundation beneficiaries. The Foundations Beneficiaries are delegated by the Protector thru either a simple non-public written set of instructions which should keep your beneficiaries personal out of any registry or database. One could instead employ a more formal set of Foundation By-Laws. Either way, the privacy and confidentiality of beneficiaries can be guaranteed. This is crucial to defend against abduction, blackmail, extortion, ID theft, silly suits ( if ones assets are hid they aren’t such a lot of a target ).

The seychelles Foundation could be set up so the protector ( that will be you ) is the only beneficiary of the foundation till death, at which time the foundation continues but its purpose changes for the advantage of the other beneficiaries you so designate. You could insert instructions that are highly particular like if a certain beneficiary ( say surviving better half ) remarried their benefits may shift to another beneficiary ( youngsters ). Foundations can continue for 120 years. Seychelles Foundations limit the capability for the beneficiaries to battle with one another over the estate and wind up not talking to one another for the remainder of their lives. Letter of Instructions : The Letter of Instructions is an easy letter, penned by the Protector, which mentions precisely how the Foundations assets should be handled or distributed on a causing event like the death or disability of the Protector. The Letter of Instructions should also state whether the Foundation should continue existing, and have a new Protector allocated, or if the Foundation should be melted and the way in which the assets should be liquidated on the demise of the Protector.

There isn’t any categorical format for the Letter of Instructions, and it can be written or modified at any point after the Foundation is created, per the Protectors wishes. The Letter of Instructions can be held secretly with no filing need so there’s non-disclosure of details with significant privacy for all concerned. Generally, many people prefer to maintain the Letter of Instructions secretly, so the Beneficiaries and Protector remain nameless and non-public. Foundation By-Laws : The Foundation does not have to have By-Laws, since a Letter of Instructions is legally acceptable for satisfying the Protectors’ requested testamentary instructions or wishes. one may have a more formal Foundation testamentary document, written and signed by a solicitor from our legal firm, and notarised by a seychellesnian notary.

The Foundations By-Laws fundamentally handle the same function as a Letter of Instructions since the By-Laws specifying the way the Foundation should reply on an express causing event like the death or disability of the Protector. The By-Laws should also state whether the Foundation should continue existing, and have a new Protector appointed, or if the Foundation should be melted on the cited causing event ( s ). There’s a legal case law the By-Laws must follow. By-Laws content can be altered at any point at the subtlety of the protector. The By-Laws can be held secretly for anonymity, or can be registered in public which isn’t advised normally. Unique Foundation Features and Benefits : * Anonymity : Like the seychellesnian Co. , the Personal Interest Foundation provides anonymity to its beneficiaries as well as to the Founder. * settlement : The Foundation Charter may provide that any rumpus arising regarding the Foundation be decided by settlement, so avoiding the general public records of legal action.

These provisions might also include the location and the procedural rules to be followed in settlement. * Asset Protection : The assets of the Foundation can’t be used to satisfy the liabilities of the Founder or of the Foundation beneficiaries ,eg divorce events, legal actions, insolvency or other liabilities. When assets have been moved to the Foundation and out of the reach of creditors, any declarations of fake transfer to get rid of assets from the reach of creditors must be made inside 3 years and the court wait to hear such a claim in seychelles it sometimes 5 years perhaps longer. * Capital Necessities : at least US $10,000.00 of assets must be moved to the Foundation, though this needn’t occur instantly following conglomerate.

There isn’t any recording in any registry of the capital amounts aside from this minimum transfer, so the total of total assets held by the Foundation remains fully non-public. * Confidentiality : The Foundation Nominee Council Members, Registered Agent ( us your legal firm ) and any other person that’s apprised of info associated with the activities, assets, transactions or operations of the Foundation are required to keep this precisely secret.

As well as civil responsibility for tangible damages, breaks may lead to imprisonment for at least half a year and penalties of at least $50,000.00. Seychelles prospers on Privacy. * Documents and Records : There are no wants to file tax returns or a fiscal statement that means no verifying of such things. Books and accounting records may be held in seychelles or abroad, you may even electronically put them up on a server in encrypted form is some part of the Earth where the location is only known only to you. Discovery is hard if you haven’t a clue where the books and records are. Additionally , the management and operation of the Foundation isn’t subject to the supervision of any governmental authority. No nosing, no fishing expeditions, no harassments, no seychelles taxation, nothing imperative in public documentation, anonymity for Foundation Founder and beneficiaries, for example.

• Estate Planning Car : The seychelles Non-public Interest Foundation is a complicated and efficient substitute to wills, trusts for example. The seychellesnian Foundation is an ideal automobile for inter vivos or mortis causa estate planning, as it can be set up to stay in perpetuation in as far as the needs of the Foundation remain met.
• This could stop hereditary disputes, as well as avoiding forced successor ship rules.
• Foundation Council Meetings : it isn’t important to hold yearly conferences.
  Founders : The Founder might be one or more natural or legal folks of any nationality. Seychelles law is silent on the transferability of the Founder’s rights and duties, there’s nada to forestall the transferring of these rights and needs from a nominee founder as registered in the Foundation Charter to the genuine founder by a personal document, think privacy. We routinely employ a Nominee Founder. It is possible for the Founder to keep certain controls regarding the Foundation, though these should be set out obviously in the Foundation’s Bylaws. There may also be a personal instruction that talks to this subject.
• Preservation and Administration of Assets : The Personal Interest Foundation is an ideal car for the conservation and administration of assets. The Foundation Charter may restrict or proscribe property splitting, property transfers, the mortgaging or using of property to secure loans or different kinds of financing, and regulate the general administration of the assets or business given to the Foundation. The Foundation should be sanctioned to preserve, administer, and invest the assets consigned to it and to conclude all commercial and legal transactions important to the awareness of its purposes. The Protector can play a critical role in the administration of the Foundation. * Revocable : though the Foundation is in general irrevocable, there are a restricted number of cases, where it is feasible to revoke its multinational :
• Before registration of the Foundation Charter.
• When the Foundation Charter expressly makes provision for revocation.
• For any of the Civil Code causes for revoking inter vivos donations.
• Tax benefits : The assignment, transfer or donation of assets to the Foundation isn’t subject to any tax under seychellesnian law, neither is the organization, alteration or dissolution of the Foundation. Provided it meets general wants ; revenue generated by assets of the Foundation isn’t subject to taxes, contributions, rates or liens of any kind. Other Foundation Technical Points
• there is not any legal duty for a personal foundation to file any yearly tax return or monetary statements.
• One could set up a seychelles Foundation to transfer control over assets to the surviving partner, and one could insert instructions secretly that if the surviving better half remarried the control reverts to another member of the family or someone else. The seychelles Courts would find this completely enforceable and this isn’t at all bizarre
• The foundation is revocable by the founder.
• If a nominee founder is utilized non-public instructions can be established to transfer this control to another.
• The foundation could be made to become effective on a certain date, on the occurrence of certain event or condition, or on the passing of the founder.
• Detailed info about the names, percentages and other details concerning the beneficiaries can be included in another document called Laws or Instructions which is of a private nature and as such does not need to be recorded at the general public Registry Office. Anonymity.
• A foreign foundation may re-domicile in seychelles thru a Certificate of Continuation. By the same law, seychellesnian foundations may transfer their domicile or assets to another country if so provided in the foundation charter or its Rules .
• the guidelines of forced successor ship of other countries won’t be applied against the foundation.

Private Interest Foundation in the Seychelles, for more information please visit this link.

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

Registration of a Offshore Trust in Cyprus

SPECIAL PRICE : EUR 3.400

To order this package, just copy this special Trust Formation package in the form below and click send, we will respond within 24 hours!

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

When you want to Register Offshore Company in Cyprus, it is important to know about offshore company trusts. The trusts are used by a majority of businesses in the country to ensure that the company’s privacy is maintained, protect its assets and make it possible to make investments in the offshore companies that the trust owns.

An offshore company trust in the country gives you 100 percent anonymity, a very high degree of privacy and protection for your all your assets and equity. Other benefits you get from the trust for your offshore company include the fact that it is not taxable and any profits and income gains you make are not subject to capital gains tax, income tax, special contributions and other types of taxes in the country.

The companies that are available in the country to help you form offshore company trusts will charge you a fee for the formation of the trust and the certificate that is given when you register for it. The two documents that you will be required to fill in to get a trust for your offshore company include the Trust Creation Instructions and Specimen Letter of Wishes.

The person who decides to hold particular assets in the offshore company is referred to as a trustee while the assets that the person holds are called a trust fund. The trustee holds the assets in his name for the benefit of another person that is referred to as a beneficiary. The trust fund is legally held by the trustee under a duty that is enforceable in the Cyprus courts. A settler is also required when you Register Offshore Company trust. The settler is the individual who creates the company trust. In Cyprus, this individual can also be the company beneficiary or the trustee. A protector is also an important element in the formation because this is an individual who can control the powers that are exercised by the trustee. This is significant since certain decisions in the company have to be made with the knowledge of suitable people.

The trust can be international and this means happens if the settler does not have a permanent residence in Cyprus, the trust property does not comprise of property that is not movable in the country and one of the company’s trustees is a resident.

An international trust can be discretionary meaning that a trustee can practice a lot of discretion when it comes to distributing assets and income and can also choose potential beneficiaries from a large pool. The voting by beneficiaries in this kind of trust can vary from year to year.

Some of the benefits of an international trust in Cyprus include:
? The exemption of profits, income and gains from capital gains tax, special contributions, income tax and other kinds of taxes. 
? No inheritance tax or estate duty
? There are no exchange control rules
An offshore company trust is important when you Register Offshore Company in the country since it has many advantages.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

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

There are many companies out there who would like to reduce the burden of tax, because let’s face it – paying the huge amounts of tax isn’t exactly a walk in the park. In such situations, offshore company formation is the perfect solution. It is done for purely financial reasons, and those who choose this way, can benefit hugely. For instance, it’s quite useful for the Income Tax Contractors, and other kinds of professionals, who would like to cut down the impact of the IR35 regulations, on their respective incomes. So are you one of those who are concentrating on offshore company formation? If so, then you have come to the right place. We give you just the right kind of consultancy, if you would like to minimize your load of tax. You get the best advice from the most qualified experts, and we would be guiding you through the whole process of registering your offshore company.

We are committed to protecting your finances – and your satisfaction means everything, that’s why you can hold your account in multi-currency – GBP, USD, EUR, CYP, etc. We put in 100% effort in making sure that no stone is left unturned, in helping you go about your offshore company formation. Are you planning to form an LLC (Limited Liability Company), or an International Business Company (IBC)? Whichever it is, we are there to give you value-added services. Opening an offshore bank account with us not only provides privacy to you, but it also protects your assets. We have different services available, based on your needs.

There are many packages which you can choose from – remember that all the offshore companies we register will be incorporated duly in the offshore jurisdiction that you find described in each package. The documents would be delivered to you via Fedex. If you are looking to open an offshore bank account for your offshore company, you would need to send us a copy of your passport, utility bill (electricity or phone bill), and also a reference letter from your bank / lawyer / certified accountant. So it’s perfectly straightforward, hassle-free, and registering your offshore company and bank account will be done in just a matter of time, without you having to worry about a thing.

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

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.

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

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.

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

Well while much has been told and many already know that a Offshore Company Formation for investments is the best business constellation you can have when investments of any nature are the purpose, then many don’t know what a Offshore Company is and how to setup a offshore company at all.

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.

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

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.

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

For many years it has been well known by business professionals and other “fat cats” that a Trust is the first step to form when asset protection and anonymity is the goal to seek.

An Offshore Trust isn’t difficult to setup, what you need is simply a few documents and a Specimen Letter which need you prior attention. Trusts have been used by even Royals, Presidents and other high society ranked people all the time, now it is possible for any small and medium sized business or creative entrepreneurs to register a Trust in Cyprus.

The major benefits of offshore Trusts in Cyprus are:

100% Anonymity
The highest level of privacy protection
Full asset and equity protection
Income gains and profits are exempted from income tax, capital gains tax, special contributions and any other taxes in Cyprus.

The aim to register an Offshore Trust is to protect yourself and your family in regards to assets, equity and other investment during the lifetime of the offshore Trust which is typically 99 Years. The high level of protection ensure that no creditors of any kind can access any equity or assets  belonging the offshore trust.

A offshore trust in Cyprus can with great benefit register an offshore company for instant in Cyprus, Belize, BVI or Seychelles, once the offshore company starts making profits the net income can freely be transferred to the trust and from there be used for investments of any kind.

Many have a company structure like the following; an Offshore Trust which registers a Holding Company and the Holding Company is registering one or more offshore companies where the business is conducted.

CCLOGIC LLC has specialized in the Offshore Company Formation, Offshore Trust registration and entire offshore company structures with the goal to seek 100% anonymity, low tax and 100% asset protection for their clients. With the large network of offshore banks we work with we are able to open offshore bank accounts for your Offshore Company or Offshore Trust in Cyprus.