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

 

[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.

 

[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]

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.

 

[ImKing]

Hey guys,

Thought I’d drop a quick write up based on my own experiences, take from it what you will. Like most of us here, I’ve been down the rabbit hole of trying to build something private, clean, and functional without having my real name pop up the moment someone runs a Google search or plugs it into an AI engine.

You’ve probably heard the saying: right place, right time. That couldn’t be more true when it comes to business, and especially when dealing with anonymous setups.

So let me be real for a second: I started out like many others here, read all the threads, looked into all the shady options, and yeah… I fell for the hype around a certain guy (Carlo). Long story short: we used him for a Belize setup, and within a couple of months, we were getting KYC requests, the bank account got nuked, and our internal name showed up in metadata and registry records. You can guess the rest. The guy's banned now, and good riddance.

But that disaster taught me a lot, and more importantly, pushed me into a smarter approach that’s actually worked for me.

Here’s what I did:

1. Find someone who’s off-grid (legally speaking)
   I looked for people who were already in poor financial positions, not desperate or vulnerable, just folks who weren’t actively part of the global economy. Think rural areas in the Philippines, Georgia, parts of Latin America. People with valid ID, no debt, no real paper trail, and willing to cooperate.
   
2. Pay them well
   I didn’t lowball like others do. I gave solid sums, enough for a vacation or even a used car. That makes a huge difference. You want cooperation, not risk.
   
3. Register everything in their name
   I’d set up a private LTD or similar, use their name for all public-facing parts, and keep usage minimal. These setups aren’t built to last forever, but they’re perfect for 6–9 months of lower-scale operations (dropshipping, testing offers, short-run digital services, etc.).
   
4. Nominee structures for the longer game
   If you’re looking for something more stable and scalable, where you do have SOF docs and just want to stay off the radar, then go nominee.
   I’ve used Cyprus, UK, and Swiss entities with full nominee packs. Combine that with a simple EMI like Wise, Revolut, or Airwallex, and you’re golden.
   

And here’s the kicker:
Once you have full nominee documents (ID, declaration, POA, etc.), you don’t even need to notify the nominee about every bank account you open. Is that best practice? Maybe not. But in real life? I’ve done it multiple times, works flawlessly.

TL;DR:
– Don’t trust hype (even if others vouch for it)
– If you go local nominee, pay well
– Use short term setups for short term ops
– For long term, go EU nominee + EMI
– Always do your homework, this game rewards precision

Hope that helps someone out there.

Open to feedback....

Stay smart,

 

[daniels27]

I have one more advice to give. Give your kids a very common name. It will solve the biggest problem once and for all.

 

[ImKing]

That's indeed a very good idea.

 

[uplana]

I'm doing what @ImKing listed there already for years. Some of it needs tweaking a little the procedures but overall it sums it all well up.