Cyprus Bnks for Belize IBC?

Discussion in 'Offshore Bank Accounts & EMI Accounts' started by Bit Tilted, Dec 5, 2018.

  1. Bit Tilted

    Bit Tilted Mentor Group Mentor Group

    Which Cyprus banks will now open for Belize IBC? (US citizen)
     
  2. Admin

    Admin Forum Moderator The Forum Cleaner

    There are a few banks that will do it, one of them is Astro Bank. You just need the right agent to do it.
     
  3. Bit Tilted

    Bit Tilted Mentor Group Mentor Group

    Thanks Admin. Can anyone steer me to "the right agent" for Astro Bank?

    I'm hearing Belize IBCs will be taxed in 2019, but not the LLCs. Could I open commercial Astro Bank account with LLC instead of IBC?
     
    Last edited by a moderator: Dec 6, 2018
  4. Mr Magoo

    Mr Magoo Member

    How will IBC's be taxed by Cyprus banks in 2019?
     
  5. Admin

    Admin Forum Moderator The Forum Cleaner

    any public information about this? please provide a link if you don't mind!
     
  6. Bit Tilted

    Bit Tilted Mentor Group Mentor Group

    I am checking now to see if there is any documentation to back up the statement I was given. Been looking into finding agent for Belize IBC formation. Heard this twice, I know where one came from (checking) but so far unsure about the other.

    Will post here if any documentation comes.
     
  7. Bit Tilted

    Bit Tilted Mentor Group Mentor Group

    Here's the response I got:

    "We are awaiting to receive a draft bill from the regulators.

    From what I've gathered so far, it will not affect older companies until year 2021. But newer companies will be affected as of January. "

    I found the other mention of it, waiting for response back.
     
  8. altair77

    altair77 New Member

    I dont mind .... :) :) :)
     
  9. Tepesch

    Tepesch New Member

    What do you mean Belize IBCs will be taxed in January ? How much tax more info please!
     
  10. Mr Magoo

    Mr Magoo Member

    what is considered an 'older' company and what a 'newer' company?
     
  11. Bit Tilted

    Bit Tilted Mentor Group Mentor Group

    Mr Magoo that quote is all I have on it for now.
     
  12. negon

    negon hannibal the cannibal Mentor Group Business Angel

    This is very vague information and I'm missing something official that will confirm this.
     
  13. Bit Tilted

    Bit Tilted Mentor Group Mentor Group

    yes, VERY vague.. Could be a crock. Let's see if any actual document comes back..

    Could there be something restricting these cats from making Belize IBCs but allowing them to make LLCs? Maybe something they don't want to admit?

    Anyway, I'm still looking for someone that can help with my structure...