Recent content by Reborn

Thanks for the quick reply, Admin. I'm guessing that the bank that I'm transferring the money to (in another country, not Belize) or the tax authority in the country I live in (Cyprus) might possibly care about that document some time..? Although I doubt it, it might be best to have it just in...

Hi, I own a Belize IBC, i.e. I'm the only shareholder, and now I want to pay myself some of the profits as dividends. This is the first time doing so. If I understand correctly, the board of directors has to decide that a dividend is to be paid to the shareholders. I am not on the board of...

orientalc, Why not pay yourself the profits from the Belize company as dividends? If you have non-dom tax residency in Cyprus you pay 0% tax on dividends.

So I called the Belize IBC registry and they informed me that a Belize IBC is NOT considered tax resident in Belize. So I asked where it's considered tax resident. And they said "probably where it operates". I can't really wrap my head around this. It would be much better from my point of...

Hi Admin and thanks for the reply. I'd be using payoneer and paypal mostly, and I don't see a need for any corporate bank accounts in Cyprus in my case, but thanks for the input. Apart from that, do you think the Belize company would be considered tax resident in Cyprus using the setup I...

Actually, let me clarify the whole setup I'm looking at creating. I'd live in Cyprus and own all shares in a Belize IBC. I'd have the non-domicile tax residency status in Cyprus There would be no bank accounts, employees, physical address, telephone line etc. in Cyprus There would be 1...

Hi, New to this forum; I hope this kind of question is allowed. Does anyone know a good lawyer or tax specialist that can answer my questions on setting up a Belize IBC (or similar) the right way, while I'm personally being a non-domiciled tax resident of Cyprus, for the purpose of...

Hi, First post. I hope this is the right forum. Also a noob to the "offshore world". I'm considering living in Cyprus and being tax resident there, and registering a Belize IBC that I own entirely. I'm concerned, however, that the tax authorities in Cyprus would consider the Belize IBC as...