BVI company vs Cyprus company formation please help?

[pinacol]

Hello group,

This is my first post and I want to ask if you know what is better for me a BVI company or Cyprus company? When I read information about both countries I can see that BVI charge 0% tax and Cyprus charge 12,5% tax BVI has public register of companies and Cyprus has too.

I can read that the BVI is not as popular any longer as used to be while Cyprus seems to work good for e-merchants?!

 

[JohnLocke]

Welcome aboard

What business are you into?

 

[pinacol]

I'm doing lots of IM business atm I want to start as an reseller with this website Sacha Inchi Oil and Protein Powder, buy it right here

So what you say BVI or Cyprus is best?

 

[JohnLocke]

I would recommend you to look into a Cyprus company! If the requirements are a merchant account and even PayPal it's going to be much easier with a CYP corp.

 

[pinacol]

How can I get n touch with you Admin? Can't PM ??

 

[JohnLocke]

I send you a PM please check and feel free to get back to me.

 

[pinacol]

thank you got it

 

[negon]

Go with a Cyprus company for your purpose it's a lot easier to deal with both in the process of registration of the company and later on when you have to deal with banks and payment processors.

 

[pinacol]

I have asked Admin to help me with the registration of my business in Cyprus. Thanks for the help

 

[Dave]

Go with a Cyprus company for your purpose it's a lot easier to deal with both in the process of registration of the company and later on when you have to deal with banks and payment processors.

I wonder how does Cyprus compare in terms of operating an financial analytics/signals site - the regulator is very harsh with the local forex brokers...

 

[pinacol]

@Dave can you please open your own thread. I run a simple Internet marketing business, Admin guaranteed me that there is no problem to open a company for this type of business in Cyprus.

 

[pinacol]

What is required to let a new Seychelles company hold shares for the Cyprus company?

 

[negon]

Just register a simple new Seychelles company and ask your agent to transfer all shares from the Cyprus company to the Seychelles corp. That's it, you will need new incorporation documents for the Cyprus company which may add up some costs but that's it. really hassle free to do!

 

[pinacol]

great thank you.. shall I inform the agent about what I want to do with the Seychelles company?

 

[negon]

You can do that and if it's even the same agent it's a lot easier.

 

[negon]

I wonder how does Cyprus compare in terms of operating an financial analytics/signals site - the regulator is very harsh with the local forex brokers...

Financial license from CySec is required, start capital is EUR 500k + 50k establishing fee

 

[Dave]

Sounds really tough - what about BVI - do you need a license there as well?

 

[pinacol]

You can do that and if it's even the same agent it's a lot easier.

It must be or can be the same agent? I'm looking around to find the cheapest company to help me register a Seychelles company.

 

[negon]

It can be the same agent but you can get the company registered anywhere you want and just get the documents changed as you transfer the shares to the holding company.

 

[negon]

Sounds really tough - what about BVI - do you need a license there as well?

Open a new thread and I will be more than happy to reply there