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Cyprus Offshore Company, a crime ?Many people when they hear the wording ‘offshore company’ relate it with crime and tax evasion and don’t think it is something that would apply to them. Although this is true in some jurisdictions there are many law abiding citizens who maintain offshore accounts all over the world. Most offshore banks enforce very strict rules [...]
Offshore to protect your assets !All the services mentioned aren’t necessarily offered by every bank, most either lean towards retail services or private banking services. Retail services are generally economical and undifferentiated, while private banking services are more liable to offer a personalised group of services to the customer. There are considerable remunerations to be acquired by moving your international business [...]
Opening an offshore bank account can bring many benefits.Opening an Cyprus offshore bank account can bring many benefits for an individual or an international company. A Cyprus bank account for example offers double tax treaties with 27 countries and is an excellent center for the establishment of corporate entities with advantages unequaled in offshore jurisdictions.  Other offshore financial centers include the Bahamas, Barbados, Bermuda, [...]
A bank reference will be needed from any personal bank account!A bank reference will be needed from any personal bank account you currently have, this will be in the form of a letter and will be required from all the signatories, directors and shareholders of the account you are planning to open. You also need to send the bank where you want to open the account [...]
Cyprus Visa Debit Card for my Cyprus Bank Account, what’s the benefit?You decided to find out more about the benefits to have a offshore bank account with a Visa Debit Card, through this post I will explain a bit about how to get the bank account and the Visa Debit card in Cyprus. In general it is most common that people outside Europe want to have a [...]

Start your Cyprus business today

Date Added: November 15, 2008 10:24:31 PM Author: Peter Pan Category: Business
Article
Considering setting up and operating your own international company? Then consider Cyprus as the jurisdiction to do it. Strategically located in the eastern Mediterranean..

An independent republic since 1960, Cyprus is governed similarly to other western democracies with the emphasis on human rights, political freedom and private property. Their legal system is familiar as it is based on English Law, added to that, Cyprus is a member of the United Nations, the Commonwealth and the Council of Europe, as well as a member of the European Union.

Language isn’t a barrier in Cyprus as although Greek and Turkish are the official languages, English is spoken by the majority of the residents and commonly used in the areas of business and government.

Cyprus has a well established transport system with two 2 international airports and important port connections. It has a good infrastructure already in place and first-rate telecommunications, banking facilities also offer onshore banks, offshore banking units and dedicated financial organizations.

Many companies are attracted to the island as it is well-known for having one of the lowest tax structures throughout all of Europe. A reputable international financial centre, Cyprus has an extensive system of Double Tax Treaties, a first-rate legal and economic infrastructure already in place and these are just a few of the reasons businesses locate their head offices here.

There are known to be over 20,000 international business companies presently resident and operating on the island. Some of these companies are resident with their head office based here, whilst others are non-residents and facilitate local accountants and lawyers as their representatives.

Cyprus currently has the lowest tax structure throughout Europe and this is what makes it so attractive to those seeking the perfect location for their offshore company. It also offers many advantages in comparison to other jurisdictions and is well known as an international financial centre. The government of Cyprus places no difference on the amount of tax paid, regardless of whether it is a local company or an International Business Company. Everyone pays a single corporation tax rate.

Contact CClogic today and start your business

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