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Offshore Company Formation and Offshore Bank Accounts combined with TAX issues and information on how to avoid TAX of net profit!!

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Cyprus Offshore Company compared to other Offshore Company types.

Posted on March 9, 2009 by Peter
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What is the greatest benefit of registering or incorporated a Cyprus Company compared to any other offshore jurisdictions?

It depends very much on what you are going to use the Cyprus Company for, if you are conducting business on the Internet and seeking a reliable and trusted jurisdiction which is control body is within the European Union then and you need a reliable credit card processing solution then you will have a lot of benefits compared to any Caribbean jurisdiction.

One of the major benefits are that Cyprus is a member of the EU (European Union) it guards for stability (even in this financial crisis) and for protection of your assets and moneys.

Second but not less important, if you run an Online Business and you want to have the possibility to become a Merchant Account with an EU bank you will need to have an EU entity and which also is accepted by the banks. A Cyprus Company is accepted by all banks in Europe and at the same time offers you the same benefits of low to no TAX of net income, assets protection the possibility to anonymize your company or the beneficial owner.

What is a merchant account?
A merchant account is a “bank account” you need with a Acquiring bank that will offer you the possibility to accept credit card payments on your website, you can read much more about it on our blog which is covering this topic from A to Z.

What is a Offshore company?
An offshore company is a company which conducts business in an offshore jurisdiction and is mostly protected by government secrecy and assets protection. Most Offshore Companies are used as Holding Companies or as Shelf Company to get access to EU business.

Visit CCLOGIC LLC today and find out how we can incorporate your offshore company.

Posted in Offshore Company Formation | Tagged anonymous company incorporation, Cyprus Company, offshore company, Offshore Company Formation, Offshore Company in Cyprus, Online Offshore Bank Account

Offshore Company Online Registration and Offshore Online Bank Account!

Posted on February 19, 2009 by Peter
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Offshore Companies are often established because of TAX reasons and to avoid the release of beneficial ownership of an company which conduct business online on the Internet.

When considering establishing a company Offshore often the client also need an Online Offshore Bank Account to access funds all around the clock and to Wire transfer money to any bank account with a SWIFT or IBAN number.

An Offshore Company is often a company which is located in a Tax Haven country or Island, which for instant can be Cyprus, Bahamas or even The Netherland Antilles.

When considering to setup your entire business as an Offshore Corporation you will need to make sure you setup the entire business to include the following :

  • - Online Offshore Bank Account with Internet Banking in English and Multi Currency accounts
  • - Offshore Company which is located in an Tax Have like Cyprus
  • - A Offshore Debit Card connected to your Bank Account to access moneys 24/7/365
  • - A Merchant Account to Accept Credit Card Payments if the Offshore Company is going to conduct business online.

Many Offshore jurisdictions allow you to anonymous the beneficial owner by providing Trustee services for nominee share holders and nominee Directors, it is of high impotency to ensure that you become a foreign nominee Shareholder and Director if you want to avoid TAX on net profit.  Some Offshore Company formation Agencies just register the company with local nominee shareholders or directors which will subject the Offshore Company to TAX often about 10% of the net profit.

Cyprus has a perfect environment to establish your entire Offshore Corporation fast and secure and with 0% TAX to be paid.

Rumors say that a Cyprus Company can’t be established as an real Offshore Company since you are unable to avoid the TAX, this is not true at all, as mentioned above, you only need to make sure that if you don’t by yourself want to be registered in the public register of Companies House in Cyprus, that your Agent will register the company with foreign nominee shareholders and directors.

For more information on how you can become your Offshore Company please contact CCLOGIC LLC, we have specialized in Offshore Company formation together with Offshore Bank Accounts for instant in Cyprus and do a professional work for you.

Posted in Offshore Company Formation | Tagged Offshore Bank Account, Offshore Company Formation, Offshore Company in Cyprus, Online Offshore Bank Account

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