Amex card + Cyprus LTD

[Cari]

Hi! I have heard that it is possible to open a personal Amex card, link it with Cyprus Ltd (if you have one) and get points to travel for free. Could someone explain how it works in practice? How a Cyprus Ltd can still have the expenses for ads make tax deductible?
I dont understand exactly how it works and if it is completely legal.

 

[CyprusLawyer101]

Hi! I have heard that it is possible to open a personal Amex card, link it with Cyprus Ltd (if you have one) and get points to travel for free. Could someone explain how it works in practice? How a Cyprus Ltd can still have the expenses for ads make tax deductible?
I dont understand exactly how it works and if it is completely legal.

If the expenses are linked to the business operation of the Cyprus co then they can be deductible.

 

[daniels27]

Hi! I have heard that it is possible to open a personal Amex card, link it with Cyprus Ltd (if you have one) and get points to travel for free. Could someone explain how it works in practice? How a Cyprus Ltd can still have the expenses for ads make tax deductible?
I dont understand exactly how it works and if it is completely legal.

It works that way that you can pay business expenses be cash, personal account etc. It does not really matter how you pay. But it matters what you pay.

If the expenses are legitimate business expenses, you use your personal card or bank account to pay and then you pay yourself back from the company account.

 

[Cari]

It works that way that you can pay business expenses be cash, personal account etc. It does not really matter how you pay. But it matters what you pay.

If the expenses are legitimate business expenses, you use your personal card or bank account to pay and then you pay yourself back from the company account.

sounds great, thank you! And do you know the process how to get an Amex card (EU citizen, living in Cyprus)?

 

[daniels27]

sounds great, thank you! And do you know the process how to get an Amex card (EU citizen, living in Cyprus)?

Do you know which card you want to get? There are many American Express cards. You may check with local banks and European banks what they offer.

 

[Protect Your Wealth]

People usually run PPC adv campaign with Amex and get miles to travel for free with Emirates. Nice plus to know

 

[daniels27]

People usually run PPC adv campaign with Amex and get miles to travel for free with Emirates. Nice plus to know

Yes, but as far as I know normally with the business card:
https://www.americanexpress.com/us/...erican-express-business-gold-card-amex/57354/

 

[belarus]

Can I apply for a Amex busienss card if I have the Cyprus company but not live in Cyprus ?

 

[daniels27]

Can I apply for a Amex busienss card if I have the Cyprus company but not live in Cyprus ?

I think you can apply as self-employed even. You can then still use the card for your Limited, just note that in case of a bankruptcy, you will be personally liable for the credit card debt.

But again. The main question is what card you actually want to get. There are many, many cards which give you cashback or miles and there are long discussions on Reddit which one fits whom when best alone with US cards. Unless OP knows what he wants, I would recommend him a generic cashback card.