I need help choosing where to incorporate

[utibi]

Max2017 said:
sorry I forgot that I don't mind if it is offshore or not as long as banks cannot see who owns the company and its financials, thanks.
Click to expand...

Can you help a noob to learn how to setup the best offshore company, what company you setup?

 

[maxmoney]

You may find lots of information about to register a offshore company on the forum! Where do you want to register your company @utibi ?

 

[lory]

ImKing said:
Wonder why no one suggested you to setup a company in Cyprus for this purpose!?! You can get privacy, means the bank where you want the loan can't see who owns the company, and you can get employed furthermore appointing a nominee director will make sure you have some that can sign contracts etc. on behalf of the company... mission completed I say.
Click to expand...

Apologies for reopening such an old thread, but when I compare what was written back then, over 8 years ago, with some of the threads today, it seems that Cyprus remains a popular destination for people, despite being part of the EU.

Can it really be true that nothing has changed there in terms of tax optimization?

 

[maxmoney]

A lot has changed, so it's not correct to say it hasn't. Cyprus just finds it incredibly difficult to enforce all the tax regulations, or at least they don't enforce them, leaving room for many loopholes that people take advantage of.

As the years go by, they'll likely be under much more pressure to get things in order, but I assume it will take a long time, many years or until a major scandal hits the press. Not before.

 

[CyprusLaw]

maxmoney said:
A lot has changed, so it's not correct to say it hasn't. Cyprus just finds it incredibly difficult to enforce all the tax regulations, or at least they don't enforce them, leaving room for many loopholes that people take advantage of.

As the years go by, they'll likely be under much more pressure to get things in order, but I assume it will take a long time, many years or until a major scandal hits the press. Not before.
Click to expand...

Apologies but I don't agree with you. Cyprus offers tax incentives, mainly for foreign investors. For example, corporate tax at 12.5%, free dividends due to the non-dom programme, it also has the IP box regime to attract tech companies. The incentives that exist in Cyprus are perfectly legal, therefore it is not a matter of "loopholes"

 

[ImKing]

But you must admit that it's not like there's much effort put into following up on proper reporting of foreign owned Cyprus LTDs either?

Toggle signature
Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.