Would be Cyprus a better idea?

[manager]

I currently have a Seychelles company, but I think that Cyprus may be a better option. I live in an EU country, that Cyprus has a DTA with.


My goal is to spend the money I make with my company legally in my country, and I want it to be my money, not the money of my company (if I buy real estate it should be on my name). Did I get it right? If I make 10.000EUR I pay 10% as resident company and I can keep the 90% as dividends?


Also, how complicated is it to move the Seychelles company to Cyprus? Do I have to close the old one and open the new one? What about the money? My bank account is in Cyprus.


I am hoping for some detailed answers.

 

[forcet]

According to the link here that's true, invalid1c/cypruscompany/cyprus-tax-reform.html hope Admin will join‍ the discussion.

 

[JohnLocke]

You don't want to move the Seychelles company to Cyprus! You will want the Seychelles‌ company to be 100% owner / shareholder of the Cyprus company you are going to‍ incorporate if this at all is applicable. The money will always be the companies money,⁠ the trick is to get the money out of the company without violating any tax⁤ regulations. You may read more about that in the mentor group.

 

[manager]

how do I get the money out of the company other then CC withdrawal?⁢ Sorry I cannot PM you.

According to this link: /cypruscompany.html

How does a resident cyprus company︂ pay dividents then?

 

[JohnLocke]

They don't pay any dividents that's not taxed in Cyprus regardless if it is nonresident‌ or resident!