Will Cyprus Incorporation Be Right for Your Needs?

pierino

New member
Not all nominees are created equal, but the vast majority of nominee structures are going to become ineffective.

You need to truly not be the UBO or at least fall outside of the scope of UBO definitions, which can be done in some cases with more exotic structures like trusts, foundations, and such.
Are you saying that, with or without nominees (director | shareholders), for cypriot companies UBO informations for regular companies will become publicly accessible from 2021?
And, with respect to companies in Cyprus, will there be any way around this?

Are you saying that, with or without nominees (director | shareholders), for cypriot companies UBO informations for regular companies will become publicly accessible from 2021?
And, with respect to companies in Cyprus, will there be any way around this?
What i'm actually asking about is if it will be possible, for anyone that is not the cyprus tax authority, to find out who's the UBO of cypriot company X that is being using nominees. (found this in the meanwhile Hidden owners of companies to be revealed . Also this: https://www.pwc.com/mt/en/publications/assets/ubo-register-update-december-2018.pdf where it seems, according to PwC, that only Cypriot authorities will have easy access to these info.)
 

Admin

Forum Moderator
Staff member
Are you saying that, with or without nominees (director | shareholders), for cypriot companies UBO informations for regular companies will become publicly accessible from 2021?
And, with respect to companies in Cyprus, will there be any way around this?
No way around this unless you find a nominee UBO which is illegal. The whole idea is that everything has to be transparent in the EU - no hiding from anyone any longer full control of the MAN ON THE FLOOR.

The only way it may be possible to avoid is if you own less then 25% of the company which is described on the forum already.

Question will be if they still allow anonymous Seychelles corps to be director and shareholder of a Cyprus company, if so the problem is solved if not, no way out of it.
 

pierino

New member
Does anyone know if these registries are retro-active? Lets say i open a company today, and close it in december. Will my name show up in the upcoming UBO registry of cyprus?
 

pierino

New member
very interesting question , but i have bad feeling see waht happend in ch
Actually, thinking about it, probably it won't show. Reason should be that creating one now with nominees won't expose the UBO.
When UBOs will have to be disclosed by companies, the company would be already gone. Am I thinking straight here?
 

rey skywalker

New member
i think europe is doomed, i will make monday a trust company in north cyprus , good luck to all of you , i did not paid taxes all my life i will not start now , i am said for young generations
 

HSharpe

New member
Does anyone know if these registries are retro-active? Lets say i open a company today, and close it in december. Will my name show up in the upcoming UBO registry of cyprus?
At the moment no reporting is performed. The money local AML law has obligated business to disclose UBO but the companies law does not. AML law was amended in 2018 or 2019. So it really remains to be seen.
 

lewisfx

New member
Hi everyone, I am very new to this and learning the ropes - would it be possible to live in the UK, have a company set up in Cyprus and have a nominee director whos the face of the business, I dont mind if im hidden or on public records nothing to hide, I'd simply like to live in the UK while my business pays taxes somewhere with lower CT i.e. Cyprus or similar. As long as I live in the UK and pay my UK staff without any difficulties. Would this be possible? If not are there any other solutions? Thank you in advanced sorry im new haha!
 

lewisfx

New member
Also another question, how come so many people want all of these offshore companies in all sorts of countries, some on cyprus some in bvi, svg and so on, Do you guys have businesses and just swap the money across I can't see the benefit. why not have 1 country you like and open more in that country if your businesses are doing well?

Also if the above is possible where would you guys recommend iv heard of offshorecorpgroup.com but seems their website is down which isnt a good sign

Thank you
 

rey skywalker

New member
plaese we are talking about north cyprus i think you have other forums, any way i suggest you put your domicile not in uk and live in uk as tourist much better idea
 
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