Evene if the Cyprus company is considered to be offshore you still need to file tax and maintain books (accounting) you simply just don't need to pay any tax in Cyprus.
So if the annual turnover is high enough you will have enormous benefits from a Cyprus company even with the additional costs for the above.
Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away! Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.