Full Cyprus Company Setup for Cheap!

[daniels27]

@icecold thank you for your guide
[IMG alt="icecold"]http://localhost/data/avatars/s/6/6301.jpg?1727588473[/IMG]

Thread 'How I Built a Full Cyprus Company Setup for Cheap! Real-World Example.'​

Apr 28, 2025
Just wanted to share my setup, which I 100% pieced together from all the threads I found over in the Mentor Group Gold forums.
I'm not gonna dive super deep into every little detail, just gonna list the key parts, if you've got MG Gold access, you'll know exactly what's what.

Here's the breakdown...

First, I found a guy who hooks you up with nominees, they can do video verification, plus provide a utility bill and passport for your new director.
I hired my director for about €2,500/year. Pretty sweet deal for a full legit director if you ask me!

Then, for my Cyprus LTD, I split the...

• icecold
• Replies: 34
• Forum: Offshore Company

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I think at least some of us will appreciate any input on what you need to be aware of.

 

[cuno]

Well, yeah, would like to learn about your setup @icecold ?

As others have already pointed out, it doesn't seem like a fully legal model, and even if it is, it doesn't hold up in practice when it comes to privacy and true anonymity.

 

[daniels27]

Yes, but still more legal than the "homeless guy from UK for a Limited" sort of setup, I guess. Also, I think we had long discussions about nominee shareholders and stuff before.

In short, for a completely legal setup, you would just have to disclose the UBO properly to the banks? You could do as above and open an account in Kazakhstan or use a personal bank account and all would work?

Last edited: Wednesday at 14:29

 

[icecold]

I've been following the whole development of my thread for the last week, and seriously, what's wrong with you all? Sorry, not meant as an attack, but I honestly don't get why so many users who've been on OCT for years are asking questions about how this setup was done. You all know this stuff. Johnny did it too!

Here's the setup, simple and fully explained.

Agent, secret, just find any random one in Cyprus.
Nominees, some suckers I found in Poland, they have no idea what they signed or what it is.
Bank account, took these suckers to the bank and got them to open an account, really easy.
Shareholders, guess what, 3 suckers and me.
Director, a guy I found in Cyprus by chance, he shows up at the office once a day.
Phone answering and bill payments, a service from my agent, phone gets redirected, and she coordinates everything.
Accounting and bookkeeping, yeah, that's handled by my agent.

Why is it so expensive? Well, maybe I'm just too dumb to find anything cheaper, but the smart part is, it's a house where I can live upstairs for free whenever I'm in Cyprus, either for business or vacation.

Couldn't you all figure this out?

 

[tacokai]

Yeah, it's basically just a summary and compilation of everything that's been posted here already, even on the public forums. The rest, I think, you can just forget. People are weird, and many of them are probably the same person replying and defending.

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[shimo]

You were lucky to find that kind of dumb guys ”” but that luck can turn real quick. They might screw something up down the line, especially when real issues come up with the company. If they don't do what they're supposed to, you're the one who's gonna pay the price ”” literally or worse.

 

[icecold]

shimo said:
You were lucky to find that kind of dumb guys ”” but that luck can turn real quick. They might screw something up down the line, especially when real issues come up with the company. If they don't do what they're supposed to, you're the one who's gonna pay the price ”” literally or worse.
Click to expand...

Can you try to explain how you're reading this, since you've come to that conclusion? I'm curious, and it's totally fine to hear your opinion.