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You cannot register any old-status offshore companies in cyprus anymore, neither buy an existing one from what I know. There's only one type, the IBC and it's what Darth described. Cyprus has the lowest tax-rate in EU and lowest vat. You may not need to register for a vat# and that will saave you some extra money. Regardless the accounting office you'll chose in most cases it's going to be a more expensive solution than BVI and so on, but has other benefits. 1) for an aff.program you are within EU visa region, 2) Cyprus companies are obligated to follow intl accounting standards and do annual reports. This means you can further utilize possibilities starting from a business loan in EU to even entering london stock exchange market 3) strong banking system
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