Our valued sponsor

Sword and Shield
Unique Payment

Amex card + Cyprus LTD

C

Cari

Active Member
Jun 30, 2023
64
12
13
25
Earth
#1
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.
 
  • Like
Reactions: jayM
#2
Cari said:
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.
Click to expand...
If the expenses are linked to the business operation of the Cyprus co then they can be deductible.
 
#3
Cari said:
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.
Click to expand...
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.
 
#4
daniels27 said:
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.
Click to expand...
sounds great, thank you! And do you know the process how to get an Amex card (EU citizen, living in Cyprus)?
 
#9
belarus said:
Can I apply for a Amex busienss card if I have the Cyprus company but not live in Cyprus ?
Click to expand...
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.
 
Last edited:
  • Like
Reactions: belarus
#11
belarus said:
I want a card where I earn points / rewards when I spend money and reading here I think Amex matchs this?
Click to expand...
There are thousands of cards that match this. Do you know what you spend money (online ads as OP or just your daily travel expenses)? Do you have any relation to Belarus? I am asking as this would make things much more complicated usually.
 
#12
No relation to Belarus, just funny nick, I use the card for travel spending, but it's not much a year only 30,000 euros still good to earn points I think.
 
#13
belarus said:
No relation to Belarus, just funny nick, I use the card for travel spending, but it's not much a year only 30,000 euros still good to earn points I think.
Click to expand...
Then, you need a card with best cashback on travel spend. Citi Strata Permier would be a solid option in this case. If you have a SSN, Wells Fargo Autograph. Bank of America Travel Rewards in combination with their Preferred Platinum Honors program would work too.
 
You must log in or register to reply here.

Forum Announcement

Latest Threads

Top Bottom
Back