Debt Collection Business using Offshore company okay?

[Joe]

Wondering if it is possible to register a Off shore company for Debt Collection Business? I need a offshore jurisdiction where it doesn't requires a license please.

 

[JohnLocke]

There are many offshore jurisdictions where this is possible. Cyprus is such a offshore jurisdiction so the Seychelles.


Hope it helps.

 

[Joe]

Okay, so there is no license required in Cyprus nor the Seychelles to conduct such same business, please confirm.?

 

[JohnLocke]

That's correct no license required for a simple Debt collection Agency in Cyprus or Seychelles.

 

[Joe]

Actually good news I will have a look at your Seychelles company offer Admin. Thanks for your quick answers.

 

[JohnLocke]

Your welcome, just let us know if you have any additional questions.

 

[lavel]

What if I collect a Debt and the debitor pays in the money to my offshore account and I pay my client, isn't that considered handling 3rd party funds?

 

[JohnLocke]

Still it requires no license in Cyprus.

 

[lavel]

In which country do you want to perfom the business of debt collection if I may ask?

 

[Joe]

Mainly Europe starting in Spain and Greece.

 

[Joe]

Iany opinions please?