Why I need offshore holding company for Cyprus company?

[sirjones]

I read the forum for 2 months. It is overwhelming and difficult to figure out what exactly I have to do with my plans to setup things in privacy!

Why would you suggest me to setup a offshore holding company (maybe Belize or Seychelles) for my plans to register a Cyprus company for regular online trading?

please help me

 

[negon]

You want to setup a Seychelles holding company for your Cyprus company because of the tax benefits and treaties between Seychelles and Cyprus which are awesome!

 

[sirjones]

Can you explain what it is that is doing it?

 

[negon]

As long as you transfer money between the Seychelles Holding and the Cyprus company there is no tax to be paid!

 

[sirjones]

Where can I get more information about it? do you have any link to tax regulations between Cyprus and Seychelles please?

 

[JohnLocke]

Actually you can do some Google searching on this topic. Anyway, as @auric already outlined to you there is no tax to be paid between these to entities. That's why people have setup their business this way.