How does a Cyprus company differ from an Offshore company?

[blainchain]

I'm curious to know how a Cyprus company differ from a Offshore company say Panama or Belize?

 

[JohnLocke]

It depends very much on what it is your goals are and what you want to achieve. For instant a Cyprus company can be as much a offshore company as for instant a Seychelles company is. However, Seychelles and Cyprus are two different jurisdictions which each their own applicable laws and regulations.

 

[wosniak]

Cyprus is still considered offshore as I read. I need to register the company as non resident right? I mean if I want the company to be a Cyprus offshore company:tongue:

 

[JohnLocke]

Yes a "non resident" company in Cyprus is considered to be an Cyprus offshore company.

 

[nastathin]

Will we have the same protection of privacy with a Cyprus company or will my personal data be public available somehow?

 

[JohnLocke]

Will we have the same protection of privacy with a Cyprus company or will my personal data be public available somehow?

If you appoint nominees you will have the same level of privacy as with any other offshore company! By appointing nominees you your name will not be listed anywhere public.

 

[nastathin]

Cyprus is not considered to be a offshore jurisdiction / tax haven but is a "low tax" jurisdiction which is good for many purposes.

 

[JohnLocke]

Cyprus is not considered to be a offshore jurisdiction / tax haven but is a "low tax" jurisdiction which is good for many purposes.

That is correct :thumbsUp:

 

[wosniak]

What is the tax rate in Cyprus 10% or 0% ?