Seychelles vs Cyprus

[tjeerd]

What would be the advantage of option A vs B ?


Option A:


Seychelles holding company which holds a non resident Cyprus company with a nominee director and a Cyprus bank account.


Option B:


Seychelles company with a Cyprus bank account


I think both companies offer good identity protection.


Both companies allow me to present my business as though it's run from Cyprus (I will not do any trade in Cyprus) since in option B I can always say the company runs from Cyprus but is registered in seychelles and the proof is that the bank account is in Cyprus... ?


Option B is much cheaper to incorporate.


Your thoughts please?

 

[clemens]

Option B is a perfect solution if you ask me, I never considered to simply‌ buy the Virtual Office service for one of our Seychelles corp to let it look‍ like it is located in Cyprus... thank you for the hint tjeerd.

 

[orangeye]

Option B sounds according to what I have read here on the forum to be‌ the most used solution to reduce tax.

 

[orangeye]

Seychelles is protecting beneficial owner data better than Cyprus I read.

 

[JohnLocke]

That is correct! But this not just because they in the Seychelles have different‍ laws but rather because they don't have a company register that is public available.

 

[naomi]

What is best if you take same scenario just exchange the offshore jurisdiction with Panama‌ or Costa Rica?

 

[JohnLocke]

Panama and Costa Rica are very different offshore jurisdictions, you may be more specific.