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Originally Posted by Soul_Rebel
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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Good points SR
The one thing that put me off so far with Cyprus corps was the fact their were formal accounting requirements and taxation - even tho it is low. Forgetting taxation, the one thing above all else, was the pleasure of escaping having to fill in forms for tax and VAT. Suffered that tour of duty for decades and no wish to return to it
But sure - Cyprus is another option, depending on what plans their may be.