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Ok, thanks... Yeah, I was asking my accountant about how auditing works just now. Thanks for the extra info. Well... isn't a company tax resident in the country in which it's established (Cyprus in this case)? I do understand that the Greek government may challenge the tax residency of my...

Ok thanks. But what would be the advantage of doing this (over, say, just withdraw to the bank directly)? See, that's what confuses me. I have been told that, since I opened a company in Cyprus, I also need to have the bank account there. Or is this strictly for "substance" reasons, in case...

Hi, folks... I live in Greece. I have a Business Paypal account. Today I noticed I can add a bank from other countries as well: So, does Paypal have a problem if I access my Paypal account from a different country, but it does allow to add banks in other countries? I have just created a...

Hello - hope you're well. Not sure if this is the appropriate forum area to post this. If not, moderators please move it. I live in Greece, and have created a Cyprus LTD. I have heard conflicting opinions on the matters below. If any of you know for sure what the correct answer is, I would...

Hi, folks - hope you're well... I'm Greek, living in Greece. I have an online business, which I can run from home. I have registered a company in Cyprus, because corporate tax is less in Cyprus. However, I will still have to pay 20% on dividends to the Greek government. I'm looking at how I...

Thanks for all the replies. I live in Greece. I have family in Cyprus, and visit them once a year. I'm considering living there for 6+ months of the year if I absolutely have to. From what I understand, that would make me a "Cyprus resident." I work 100% online. This means I can rent an...

Hi, folks - hope you're well. I have registered a company in Cyprus and now need to open a Cyprus corporate bank account. I don't have someone to introduce me. As a result of this, the banks prefer I actually live in Cyprus, to prove all strategic decisions are made in Cyprus - especially...

Thanks for the reply... So: 1) If I create a RESIDENT Cyprus IBC which has, say, $150K in revenue and $50K in expenses per year, the numbers would look like: Revenue: $150,000 Expenses: $50,000 Profit: $100,000 VAT: $150,000 X 19% = $28,500 Corporate Tax: [(Profit - VAT) x 12.5%] =...

Hello everybody! New forum member here - hope you're well... I'm a resident of Greece (EU country). I want to create an online business that sells instantly-downloadable information products and software, both as a merchant and as an affiliate. Customers will be mainly from USA, and then from...