EmiratesSetup

Our valued sponsor

EmiratesSetup
SWISSMONEY Iban Accounts with Sepa
EmiratesSetup

BVI or Cyprus

#2
A Cyprus company will most often look more legit towards business partners and customers while a BVI company will have better tax benefits.
 
  • Like
Reactions: marcel and jorge
#4
In my opinion, you will not lose anything if you are going to pay your taxes right. It may not be good on your sheets but you can just imagine the help that you giving to a country. Having a clear conscience is sometimes better than having a profit-loaded business.
 
  • Like
Reactions: jorge
#5
In my opinion' date=' you will not lose anything if you are going to pay your taxes right. It may not be good on your sheets but you can just imagine the help that you giving to a country. Having a clear conscience is sometimes better than having a profit-loaded business. [/quote']
Depends very much on the point of view.... I prefer to have a loaded business :)
Click to expand...
 
#6
I will prefer BVI' date=' as I want to pay least possible taxes to government. Will it hurt on longer terms?[/quote']
No not at all, it depends on what you want to use the company for. From what I read a BVI company can be perfectly fine for your use.
Click to expand...
 
#9
You can legally reduce the tax burden by consulting a tax adviser who knows about tx rules in your local country and in the offshore jurisdiction where you incorporate. In your case I would only look at what benefits each jurisdiction has for your business setup. BVI or Cyprus!
 
  • Like
Reactions: jorge
#11
It's not a problem to reduce taxes when setting up a Cyprus offshore company. Actually you can move your money between several entities without to pay tax if you just do it the right way!
Click to expand...
That's possible, also you will need some documents in place and the right structure. That said, a BVI company can be used for the same purpose. However, you want to look at who you are doing business with and if they have any troubles with a BVI company.
 
  • Like
Reactions: pontiacG8 and marcel
#13
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.
 
#14
That's possible, also you will need some documents in place and the right structure. That said, a BVI company can be used for the same purpose. However, you want to look at who you are doing business with and if they have any troubles with a BVI company.
Click to expand...
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!
 
#15
Doing business in Europe it seems Cyprus is one of the better places to establish your company and business and preferred over any offshore jurisdiction like BVI seems to be(I'm still new into all this so forgive me if I'm wrong) Cyprus seems to be more recognized and an onshore jurisdiction so it is offshore.
 
You must log in or register to reply here.
Offshore Bank Accounts

Forum Announcement

Latest Threads

SWISSMONEY Iban Accounts with Sepa
Offshore Bank Accounts
The KingDom Bank
Top Bottom
Back