Cyprus Bnks for Belize IBC?

[Bit Tilted]

Which Cyprus banks will now open for Belize IBC? (US citizen)

 

[JohnLocke]

There are a few banks that will do it, one of them is Astro Bank.‌ You just need the right agent to do it.

 

[Bit Tilted]

Thanks Admin. Can anyone steer me to "the right agent" for Astro Bank?

I'm hearing Belize‍ IBCs will be taxed in 2019, but not the LLCs. Could I open commercial Astro⁠ Bank account with LLC instead of IBC?

 

[Mr Magoo]

How will IBC's be taxed by Cyprus banks in 2019?

 

[JohnLocke]

any public information about this? please provide a link if you don't mind!

 

[Bit Tilted]

I am checking now to see if there is any documentation to back up the‌ statement I was given. Been looking into finding agent for Belize IBC formation. Heard this‍ twice, I know where one came from (checking) but so far unsure about the other.⁠

Will post here if any documentation comes.

 

[Bit Tilted]

Here's the response I got:

"We are awaiting to receive a draft bill from the‌ regulators.

From what I've gathered so far, it will not affect older companies until year‍ 2021. But newer companies will be affected as of January. "

I found the other⁠ mention of it, waiting for response back.

 

[altair77]

I dont mind .... 🙂 🙂 🙂

 

[Tepesch]

What do you mean Belize IBCs will be taxed in January ? How much tax‌ more info please!

 

[Mr Magoo]

what is considered an 'older' company and what a 'newer' company?

 

[Bit Tilted]

Mr Magoo that quote is all I have on it for now.

 

[negon]

This is⁠ very vague information and I'm missing something official that will confirm this.

 

[Bit Tilted]

yes, VERY vague.. Could be a crock. Let's see if any actual document comes back..‌

Could there be something restricting these cats from making Belize IBCs but allowing them to‍ make LLCs? Maybe something they don't want to admit?

Anyway, I'm still looking for someone⁠ that can help with my structure...

 

[Bit Tilted]

Belize IBCs to be taxed in 2019. Member 7889 has the scoop, Thanks 7889! He‌ also has attachments in his original message.

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