What are benefits of Cyprus Company formation?

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poulaCo

Corporate Services
Business Angel
Seems that most that need banking offshore and do legit business in Europe are opening companies in Cyprus. What about privacy for Cyprus companies? are they anonymous or can one lookup ownership data as with any other European company?
 

protain

Offshore Agent
For an investment company in Euroep Cyprus seems to be among one of the best countries in Europe to incorporate because of there great tax policy and the lowest tax in Europe. That said countries like the UK and Malta along with Gibraltar are offshore / onshore jurisdictions worht to look into as well.
 

TRX

Corporate Services
Mentor Group Gold
Elite Member
Topic says it all. What are the benefits of opening an Cyprus Company?
Since it involves investment of large sum of money, are there any 'cons' or 'precautions', I should take care of ?
Because a Cyprus company has to file taxs and submit audited reports the trust in a Cyprus company is on a much higher level compared to a BVI, Belize or other offshore company!
 

Admin

Forum Moderator
Staff member
Elite Member
Because a Cyprus company has to file taxs and submit audited reports the trust in a Cyprus company is on a much higher level compared to a BVI, Belize or other offshore company!
I agree. in the past people had issues with companies in Cyprus however, today there are no issues at all. This hasn't just not changed for BVI companies, there are still people and companies who are sceptical when they hear this jurisdiction to be mentioned.
 

TRX

Corporate Services
Mentor Group Gold
Elite Member
During the period of where I have done business with people around the globe I have never had a single issue when presenting them to my Cyprus company as a business partner and me being the director.
 

TomEthi

Offshore Agent
During the period of where I have done business with people around the globe I have never had a single issue when presenting them to my Cyprus company as a business partner and me being the director.
I agree. Pacing is very important in a sector such as this. Its sad to see how many people come and fail due to lack of knowledge/skillset. If in doubt, contact help! There are more than enough people here to help you OP.
 

riskprocessor

Offshore Agent
A Cyprus company is sure is a good option for merchants operating in Europe. The biggest advantage is a huge sales channel for virtually all kinds of products and services.
 

lavel

Offshore Agent
Entrepreneur
I Cyprus company / business will let you look legit and drive your business hassle free. You can do so much behind the company with other offshore entities and still everything looks legit to your business relations.
 

riskprocessor

Offshore Agent
I have been following this thread carefully and I must say that I liked what I read about offshore accounts. In other words if I don’t get approval say for a beer store, since I am a start up business, I should seek help from off shore corporations., like the ones mentioned here.
 

Admin

Forum Moderator
Staff member
Elite Member
No issues ever with my Seychelles corp and cyprus banking since 2011 :) Still going strong with larger setup.
I'm glad to hear that, most of the clients we have been working with are satisfied with their setup. So you do I read ;)
 

cosmo

Offshore Agent
Entrepreneur
Cyprus and BVI are great jurisdictions when it comes to e-commerce business. Everything is pretty easy to setup and you have a wealth of options in regards to banking and accepting credit cards online. Low tax to no tax is just a + point :)
 

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