Thanks for your feedback Admin. Do you know what Internet banking they offer and the requirements for a Visa credit or debit card? Any tax or min. deposit to be paid?
That's one peace of s**t bank, they kicked us out after 7 years to be a honest customer just because we didn't increased out min balance to $5000! Never open an account with them guys be warned.
What online banking are they offering I wonder? Can you get a debit card for this account and do they have any limitations like that we have to pay tax on money that goes into the account? I must say I don't trust this country and their banking system that much yet. Not sure where I get the...
Does somone knows about Gibraltar or Netherlands, what's tax rates in the two countries and costs? Cyprus works fine for our setup also with PayPal and WireCard for credit card processing. 2co.com may be a great alternative to costly setups. They accept PayPal payments and simple offshore corps...
What you may read on other forums about Cyprus banking is posted by noobs, idiots and people that don't even hold accounts with any bank in Cyprus! I know so many that holds an account in Cyprus and that's for more than 10 years, none of them had any problems so far don't even during 2008 -...
I agree, we were able to get our TOTAL tax rate down to 4% in the company structure we setup. Before we connected our business to offshore structures we paid 25% corporate tax and aprox 40% personal income tax!
The BVI is cheaper to maintain because you don't have to file any tax report each year or do book keeping! Cyprus is a more trusted country to have your company incorporated. It depends on the business activity what jurisdiction will work best for your business I say.
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