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!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 ?
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.
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.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.