Cyprus' requirements to create an offshore company as private (BEPS)

Status
Not open for further replies.
C

curiousmarv

🗣️ Loud Newcomer
Dec 6, 2017
109
0
161
Hi guys,

I'm living in Cyprus as non-dom. 2019 I want to create an Belize IBC. My original plan was to do that as subsidiary of my Cyprus Limited. But because BEPS and new CFC rules are going to happen EU wide I cancelled this plan.

So the solution is to create an Belize IBC as a private shareholder/director (no subsidiary and no direct connection to my Cyprus limited).

What are the requirements from Cyprus side (laws) to do that? I don't need anonymity but everything should be ok and 100% legal from Cyprus point of view!

More specific:
- Can I use my Cyprus address for this Belize IBC or is this too less substance?
- Can I be the shareholder of this Belize IBC or do I need nominees?
- Can I be the director of this Belize IBC or do I need a nominee?
 
Well, if you want the Belize entity to be legit and don't let it look that you try to avoid taxes or similar then you register a simple Belize corp with a Belize address and you will be appointed as shareholder and director of that company.

Pretty easy. At the end of the year you include the profits from the Belize corp. in your fiscal reports so no one will come after you.

Toggle signature

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.​
 
Why would you connect these too entities at all? Now you changed your mind then just setup a Belize corp with nominees to stay private.
 
Admin said:
Admin said:
Well, if you want the Belize entity to be legit and don't let it look that you try to avoid taxes or similar then you register a simple Belize corp with a Belize address and you will be appointed as shareholder and director of that company.

Pretty easy. At the end of the year you include the profits from the Belize corp. in your fiscal reports so no one will come after you.
Click to expand...
Click to expand...
Isn't it obviously that the company is managed from Cyprus and so has to pay taxes in Cyprus?

Or do you think the Cyprus tax authorities accept this on purpose...?
 
Again, things change, you are referring to a thread older than 2 years!!

Toggle signature

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.​
 
yes this is totally outdated. I'm happy I've never done it at the end 😉 Belize was very hot 2-3 years ago for Cyprus, nowadays it's not a good jurisdiction.
 
therealmarv said:
therealmarv said:
yes this is totally outdated. I'm happy I've never done it at the end 😉 Belize was very hot 2-3 years ago for Cyprus, nowadays it's not a good jurisdiction.
Click to expand...
Click to expand...
Do you have any real experiences with the Cyprus tax authorities regarding a Belize company?
 
therealmarv said:
therealmarv said:
yes this is totally outdated. I'm happy I've never done it at the end 😉 Belize was very hot 2-3 years ago for Cyprus, nowadays it's not a good jurisdiction.
Click to expand...
Click to expand...
Why is it not a good jurisdiction? Its still possible to be 100% shareholder of a belize company and having someone else as a director while paying out dividends as a non dom in Cyprus with 0% tax rate. This has not changed, so what do you mean?
 
Okay Dubai but what other options do you know of that are crypto-friendly and have a 0% tax rate?

I was told you can open a bank account with Migom Bank for Belize.
 
Siggi said:
Siggi said:
Why is it not a good jurisdiction? Its still possible to be 100% shareholder of a belize company and having someone else as a director while paying out dividends as a non dom in Cyprus with 0% tax rate. This has not changed, so what do you mean?
Click to expand...
Click to expand...
There is a 2.65% Health care tax on Dividends in Cyprus. From what I read you can still do the nominee thing. But for how long. EU pressure has already halted CBI program in Cyprus.
 
@Fred respect to your business and operation, but you really spam the s**t out of it with your services.

Can we get back to topic @Admin why don't you clean up the threads?
 
boomy said:
boomy said:
@Fred respect to your business and operation, but you really spam the s**t out of it with your services.

Can we get back to topic @Admin why don't you clean up the threads?
Click to expand...
Click to expand...
I do the housekeeping but I'm a little busy, please use the REPORT button next time 🙂

Toggle signature

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.​
 
What companies are now used to not pay taxes in the companies´ country and only pay 2,65% in Cyprus instead of 12,5% corporate tax + 2,65% ?
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    12
  • Time
    0.6385s
  • Memory
    14.06MB
Top Bottom