Cyprus or UK company formation what is better you think?

[myhand]

I need to pay less tax possible and high anonymity for my business. UK company is very fast and cheap to register a Cyprus company takes long time and costs more! What you think will be best?

 

[Zqq]

There is no easy answer to this. It depends on what you are going to do with the company and - if applicable - if there are any DTAs you can utilize to minimize your own tax-burden. For example, while you may be paying 0% tax in Cyprus, you may still be liable for taxation in the country where you are domiciled, whereas paying UK corporate tax may be the only tax you have to pay if there is an adequate DTA.


In terms of anonymity, neither jurisdiction offers high privacy as company details are on public records. You would have to use for example nominees to keep your name out of public records.

 

[myhand]

I do affiliate / Internet marketing mostly using clickbank to make money.I'm domiciled in Slovakia. What do you say?