Recent content by daniel31

Hi everyone, I am currently looking at whether a Cyprus Company might fit my needs. As the offshore Cyprus companies will be a thing in the past soon, I am wondering how feasible it is. I already own one webhosting company incorporated in the Seychelles for many years but want to open a new...

None of those. The company they wanted the data for is a completely legit webhosting company. Pretty small scale with around 500-600k annual revenue as well. Only setup in the Seychelles for taxes. Going by what I have heard back so far it doesn’t sound targeted and more like they randomly...

No need for that. They do not need proper accounting. They are happy with all the invoices and bank statements. All they want to see is that you have those so that accounts could be made.

It’s 2checkout but I am not sure they’d still allow it. The account is almost a decade old and I remember a few years ago they complained to us about the setup but (according to them) added an exception to the account, basically grandfathered it in. So not sure if that can still be done or not.

I fully agree though not a good option for me this time as the payment processor I use requires documents of the company every couple of years and I’d loose the recurring subscriptions with a company change.

I was told that they are “under constant pressure from the OECD and EU in particular, over the practical application of this requirement. As such, spot inspections from our own regulator are increasing” The fines for not having it done are $100 + $25 per day + $25 per day per director + $2500...

I am on the phone so the screenshot and darkening isn’t the best. But yeah, always thought same as you that it would never happen and here we are.

It sure is happening to one of my companies right now. They are asking for 7 years of accounting stuff for inspection.

Has anyone ever heard of an accounting reccords inspection in the Seychelles or had one happening to them?