Welcome to the CCLOGIC LTD F.A.Q. we hope you enjoy this part of our website and will find the answers to the questions you may have.

The entire F.A.Q. is build up on the latest Web 2.0 technology for a better navigation, look and feel and finally to ensure you will find what your are looking for.

Click on the Questions / headlines of each F.A.Q. item and the answer will pull down the screen, this F.A.Q. is updated on a weekly basis or as we get new questions in which we think will be in the general interest.

One of the common questions we get is if it is possible to arrange for a meeting with us.
In general it is no problem if we get informed 1 week in advanced, what you will want to know is that before a meeting is setup we will charge a EUR 1.500 installment, this due to the many meetings we have had in the past which some time resulted in clients taking the advice from us for free and buy the services somewhere else. The installment will be set off against the services you will buy from us, but is not refundable. To make an appointment with us please contact us through our corporate support.

YES, with you bank account you will get some advanced e-Banking (Internet Banking) access where you 24/7/365 have access to your money and can send internation wire transfers to any

bank account in any bank WorldWide. Only you will have access to the bank account, the PIN code to access your Internet Banking will be send directly to you from the bank.

Learn more about Cyprus Bank Account opening, click the link.

Yes it is possible, we do not require you to open a Bank Account in Cyprus for your Cyprus Company, however we can't help you to open a bank account with any bank outside of Cyprus.

It makes it often much easier to become a Cyprus Bank Account for your Cyprus Company rather then going to any other bank but it is up to you.

For more information on Cyprus Company Formation, click the link.
For more information on Cyprus Bank Account, click the link.

YES, thats possible, you don't need to open a Cyprus Company with us to be able to open a Cyprus Bank Account. We just require that you have all the company documents in place which are required, like electricity and phone bill, copy of passport, company certificate, shareholder certificate etc.

For more information on an Cyprus Bank Account with IBAN number and more, click the link.

NO, we have several banks we work with and if you are not able to provide Notarized documents like passport copy and corporated documents then we apply for an Cyprus bank

Account with one of the banks that don't require this.

However, the best and cheapest solution is if you are able to provide this documents notarized, but it is NOT a REQUIREMENT.

To learn how to open a Cyprus Bank Account click this link.

Yes, the Cyprus Bank Account has an IBAN number and you will also become the banks SWIFT code to send and receive International Money Transfers.

For more information about Cyprus Bank Account click this link

No the Cyprus Banks we work with do not require any initial depsoit to be made once the account is opened.

However we recommend to use the account, since the bank will close it again if it isn't used for a certain time.

Read more about Cyprus Bank Account opening

You get the following with your Offshore Cyprus Bank Account:

• Advanced Internet Banking
• IBAN account number
• SWIFT code for others to instruct international money transfers to your account
• Multi Currency Bank Account - EURO, US Dollars, GBP
• You can withdraw Money 24/7/365 through your Online (e-Banking) Banking access
• Optional a Visa Debit Card for withdrawal of moneys in any ATM world Wide.

For more information about to Open a Cyprus Bank Account, click the link.

Once your Cyprus Offshore Bank Account is fully approved and unrestricted, you can use it for:

• Order ourgoing Wire Transfers
• Advice the bank of incoming wire transfers you are expecting
• Make transfers within your own accounts
• Make transfers to other customers of the bank.
• Load funds onto your Bank Card or ATM card
• Trasnfer funds into an online trading account
• Make transfers to any other Bank World Wide
• Hold the Account in Multi Currencies - USD / EUR / GBP

For more information, please visit Cyprus Bank Account

No not at all, most of the payment processing partners we have in our network does not have any troubles with it as long as you can provide a valid IBAN and SWIFT code for your bank account.

The additional requirements to open a Cyprus business bank account for Panama Companies, with one of the major banks we work with in Cyprus are as the following:

We will need the following documents for the Panama company:

• Certificate of Incorporation
• Certificate of Good Standing stating the current Directors, Secretary, Shareholders and Officers of the company (needs to be Apostille)
• Original Bearer Share Certificate
• Register of Directors & Shareholders

For opening the account we will need our own POA and resolution to issue the POA - this will be send to you upon request.

For nominees as always we will need copies of passports, proof of address and bank reference.

Also, be informed that we will require the listed documents in the general Open Cyprus Bank Account F.A.Q.

Apply Now!Learn More!

Their are a few additional requirements to for the opening of a Cyprus business bank account for a UK Company, since the banks need to comply with the KYC regulations and they have sadly been fooled into business relationships which included UK companies that where under liquidation or which simply had no owner but conducted illegal business, then the additional requirements are as per below.

The basic requirements can be found here - The requirements to open a Cyprus Bank Account

• Notarized Certificate of good standing for the UK company that applies for the cyprus business bank account
• Apostilled and notarized company documents and certificates, including proof of beneficial owner, and memorandum of articles.
• Current Appointments Report
• Certificate of Incorporation
• Notarized evidence of the companies Director

Failing to provide the above mentioned information and documentation can result in a decline of the Cyprus business bank account application. CCLOGIC LLC is not responsible for the banks decission in the case the client will be declined by the Bank.

Please contact us if you need any additional information or want some samples for the required documents, we are more then happy to help you. You can also contact us on a secured connection through skype : CCLOGIC

The requirements to open a Cyprus Bank Account are:

1. Utility bill (phone or electricity bill) not older than 3 months.
2. Copy of Passportmust be valid and not expired
3. Reference letter, which can be from a Lawyer, current Bank or certified accountants
4. Our Cyprus Bank Account application, which will be send to you once we receive your initial information through this form.
5. A CV from for the person which will be the account holder.

For Corporated / Business bank account we will also need the following:

1. All corporate documents in English and Apostilled
2. Power of Attorney for the person which is opening the bank account
3. If the corporated documents are not in English, a official translated version need to be provided.
4. Shareholder Certificate
5. A CV & Business card (business card only if available) from for the person which will be the account holder.

Please carefully collect all the above documents and information before you submit it to us, if everything is submitted at once we will avoid huge delays.

Please also read our terms and conditions before you order.

To apply for a Cyprus Bank Account, please click this link
Learn more about the Cyprus Bank Account fees

You will need a reference letter from your bank, and some ID (Passport, ID card etc.) and a copy of a utility bill (phone, electricity etc.) everything need to be in English, the utility bill should not be older than 3 months.

Above applies for both company bank accoutns and personal bank accounts.

For corporated / business bank account also the following documents are required:

1. All corporate ducoments in English and Apostilled
2. Power of Attorney for the person which is opening the bank account
3. If the corporated documents are not in English, a official translated version need to be provided.
4. Shareholder Certificate

Cyprus personal or business bank account, requirements and fees

Cyprus Company Formation, fees and requirements find them here

Yes, you can any time order a bank account with Internet Banking from us, it take typically 1 - 2 weeks before you can use it.

The PIN code etc. will be send to you by post mail, and only you will be able to access the account.

You can become a Cyprus bank account through the different major banks in Cyprus we have partnered with.

It is important that the Company Registration is finalized before we can open the bank account with a Cyprus Bank.

The major features of the Cyprus bank account are the following:

• e-Banking - Internet banking which allow you access to your bank account 24/7
• International Wire Transfers can be made directly through the e-banking, no need to fax or phone anyone.
• Optional a Visa Debit Card which can be used in any ATM WorldWide.
• Multi Currency bank account, EUR, USD, GBP, CYP and many more currencies are available.

When you return the application for the Cyprus Company Formation, you will just need to let us know that you want to open a bank account for this company.

Learn more about Cyprus Bank Account opening.

Yes it is possible to register a Seychelles Company with bearer shares.

If privacy and assets protection is of high priority you will likely register the Seychelles Company with bearer shares, bearer shares
can be handed over to any other person as needed.

With bearer shares it is almost impossible to track down the beneficial owner of an Seychelles Company.

For more information on a Seychelles Company Formation and to register a Seychelles with bearer shares, visit the link below.

Seychelles company Formation - Our incorporation fee

We recommend the opening of a bank account in Cyprus for your Seychelles Company.

You can open a Cyprus bank account through the different major banks in Cyprus we have partnered with.

It is important that the Company Registration is finalized before we can open the bank account with a Cyprus Bank.

The major features of the Cyprus bank account are the following:

• e-Banking - Internet banking  which allow you access to your bank account 24/7
• International Wire Transfers can be made directly through the e-banking, no need to fax or phone anyone.
• Optional a Visa Debit Card which can be used in any ATM WorldWide.
• Multi Currency bank account, EUR, USD, GBP, CYP and many more currencies are available.

When you return the application for the Seychelles Company Formation, you will just need to let us know that you want to open a bank account for this company.

Learn more about Cyprus Bank Account opening.

In order to register a Seychelles Company you will only need the below:

1. Copy of passport
2. Utility bill (phone or electricity bill) in English and not older than 3 months

Additional we will send you our Seychelles Company Formation application which you will need to complete and send to us by e-mail together with the above 2 documents.

For more information about our Seychelles Company Formation, please follow this link Seychelles Company Formation - fees

In order to register a Seychelles Company you do not need to visit the Seychelles, the entire process is handle through e-mail and the Internet. When you decide to proceed with a Seychelles Company Formation you only need to apply online or to contact us and we will start the process with you.

For more information about a Seychelles Company Formation please follow this link : Seychelles Company Formation

This is a broad question but to explain some general guidelines and answers to this often asked question, please read the below: Depending on how you want to structure your Cyprus Company, then the following applies, if you want the shareholder of your Cyprus Company to be a Holding company or Foundation which is registered in another country for instant, Belize, Seychelles or Panama, but you want to act as director for the company then the steps are the following:

- You complete the Cyprus Company formation application, sign and return it to us by e-mail.
- We will send the extracts from the Memorandum of Articles in English and Greek, you ONLY sign them and return them by e-mail and if okay by courier service to our Office in Cyprus.
- We will need a copy of passport for the director and a utility bill or Bank statement
- We will need a copy of the corporate documents of the holding company or Foundation
- Once all documents are received the incorporation of the Cyprus Company will take about 1 week.

Please note that for foundations we will require the passport copy and utility bill from the protector of the foundation and also the registration documents itself of the Foundation. For regular Holding Companies located in another country like Belize, Seychelles, BVI etc. we will need a copy of passport and utility bill from the director of the particular Holding company together with the corporate documents and shareholder certificate.

In general and where we speak a business with a high number of transactions, it is recommended to have another corporation in another country to act as Holding Company, CCLOGIC Ltd offer this service for Belize, Seychelles, BVI, Delwaware and Bahamas, and most often it is faster and less expansive to have us to incorporate both companies. Furthermore we are able to register Cyprus Trusts / Foundations which are able to register companies for instant in the Seychelles, BVI, Belize and other parts of the world.

When it comes to closing an existing company, one can choose to dissolve or strike off the company, below we will briefly explain the differences.

Dissolve a Cyprus Company

Dissolution’ means appointing liquidator who will collect all money from debtors, pay all creditors and pay the remaining balance to shareholders. This implies convening meetings of creditors, publications in the Government Gazette. The whole procedure may take 6 months.

Strike Off a Cyprus Company
Strike – off’ means de-registering the company from the Companies Registry and this is only possible if the company has no assets / no liabilities.

Please do not hesitate to contact us if you need any help or have questions.

The required minimum share capital is EUR / USD 1.000 which not need to be paid up, however, if you need the share capital to be above the EUR / USD 1.000 a 0.60% stamp duty apply for every amount above the 1.000.

The stamp duty will be invoiced together with our fee for the registration of the Cyprus company, regardless the amount of the share capital then it isn't required to pay it up.

For more information and fees, please visit - Cyprus Company Registration

Their is no "best way" however, we would recommend to get in touch with us with a brief description from you on how you plan to conduct business wtih your Cyprus Company, thats the best answer we can give you at this stage.

Since no business is the same, it is always good to write down, explaining what it is you want to do and how you think it should be, that will make it much easier for us to come up with the right solution for your Cyprus Company formation business case.

For more information on Cyprus Company Formation, please click the link.

YES it is possible to have a V.A.T. number (to register your Cyprus company for VAT) we just require a additional application for the registration by the Cyprus house of Companies and Tax authorities, that's all, the application will be pre filled so you almost only need to sign it and return.

You will pay some administration fee in the range of EURO 50 to 200 for this.

For more information about Cyprus Company Formation, please click the link.

Yes, you will become a POA (Power of attorney) with which you can close business deals and act on behalf of your Cyprus Company as you like.

For more information about Cyprus Company Formation, click this link.

No, you don't need that, the share capital is only used for the formal registration documents and don't need to be paid.

For more information about Cyprus Company Formation click here

Cyprus Company - Tax Status

We have 2 types of Cyprus companies, as far as their tax status is concerned. These are:

(a) A Cyprus resident company which is taxed at 10% on its profits.

(b) A Cyprus non-resident company which is not taxed.

The place where management and control of the company is exercised determines the residence status of the company. If the majority of the company Directors are Cypriots, then it can be assumed that decisions are taken in Cyprus and the company is Cyprus resident. This is why we use Cypriot nominee directors.

A Cyprus resident pays 10% tax, can get Cyprus Tax Resident Certificate and can distribute to its shareholders all remaining profits without any further taxes. Also the company can take advantage of more than 40 double tax treaties that Cyprus signed with various countries and can get a Vat Registration number.

A Cyprus non-resident company, pays no taxes, but it cannot take advantage of the double tax treaties network and cannot get a Cyprus Tax Resident Certificate. It cannot also get a Vat Registration number.

It is up to the particular circumstances of each individual investor to decide whether a Cyprus resident or non-resident company is suitable for his/her case.

Cyprus Company Formation fast and secure

If a company is Cyprus tax resident, then it is taxed on its worldwide income at the rate of 10%.

If a company is not a Cyprus Tax resident, then tax is zero.

For more information about the formation and fees, please visit Cyprus Company Registration

About the taxation of a physical person – If the physical person is tax resident in Cyprus, then, as a general rule, he is taxed in Cyprus on his worldwide income. If he is non tax resident, then he is taxed in Cyprus only for the income which results from sources within Cyprus. Double tax treaty is useful where somebody is taxed in a country other than the country that he is tax resident and he makes use of the provisions of a double tax treaty so that he is not taxed in his country of tax residence on the same income or if taxed, taxed at a reduced rate or get credit for the tax that he has already paid in that other country.

For more information and fees please visit Cyprus Company Formation

Defence tax at 10% is charged on the following cases:

(a) If the company is Cyprus tax resident – there is a 10% defence tax ( withholding tax) on interest receivable

(b) Dividends receivable from abroad are in general not subject to defence tax, but there is one exemption

(c) There is no defence tax on trading profits.

For more information about our Cyprus Company Registration, please click the link.

A Nominee director is used for companies where the beneficial owner don't want to be registered in the public register of companies in Cyprus and
mostly used for a Pre Registered Cyprus company to anonymously the company.

Extendend information
Nominee directors and corporations serving as directors (”corporate directors”) can also be misused to conceal the identity of the beneficial owner, and their use renders director information reported to the company’s registry less useful. Nominee directors appear as a director on all company documents and in official registries (if any) but pass on all duties required to be performed by a director to the beneficial owner of the company. In many jurisdictions, the nominee or corporate directors is not required to own the shares in the company in which it serves as a director.

Certain jurisdictions, including most OECD Member countries and OFCs such as Cyprus, Isle of Man, Jersey, Malta and the Netherlands Antilles, do not recognize nominee directors. Consequently, a person who accepts a directorship is subject to all of the requirements and obligations of a director, including fiduciary obligations notwithstanding the fact that he is acting as a nominee. In certain jurisdictions, directors cannot be indemnified by the beneficial owner. Non-recognition of the concept of nominee director has one indirect benefit - those furnishing or acting as professional directors are likely to take greater precautions to ensure that their client, the beneficial owner, does not misuse the corporate vehicle for illicit purposes. In the Netherlands Antilles, which does not recognize the concept of nominee directors, reputable trust companies that are asked to serve as directors will conduct a rigorous background check on their clients and, in the case of bearer share companies, will insist on the immobilization of those shares as a condition to accepting a directorship.

For Cyprus Offshore Companies this is commonly used by many online businesses conducting their business ultimately on the Internet.

[Cyprus Company Registration Feesreadon2 url="http://www.cclogic.com/index2.php?option=com_rsform&task=forms.menuadd.screen&formId=2&Itemid=17"]Register Company Online Now![/readon2]

A Nominee Shareholder is used for companies where the beneficial owner don't want to be registered in the public register of companies in Cyprus and
mostly used for a Pre Registered Cyprus company to anonymously the company.

In Depth explanation.
Nominee shareholders are utilized in most jurisdictions. With respect to publicly traded shares, nominees are commonly, and legitimately, used to facilitate the clearance and settlement of trades. The rationale for using nominee shareholders in other contexts, however, is less persuasive and may lead to abuse. For example, many jurisdictions require corporations to maintain shareholder registers and file annual returns containing shareholders list and directors information. The use of nominees, however, reduces the usefulness of the shareholder register or the shareholder list because the shareholder of record may not be the ultimate beneficial owner.

Where nominee shareholders are used, most jurisdictions employ investigatory means to discover the identity of the beneficial owners. In the United Kingdom, Section 212 of the Companies Act 1985 provides companies with a procedure to identify the beneficial owners of their shares. Under this Section, a company can ask the nominee to disclose the identity of the beneficial owner. If the nominee refuses, the company can apply sanctions such as suspending voting rights, withholding dividends, or refusing to register any subsequent transfer of shares-

However, this doesn’t apply for Cyprus Offshore Companies and is therefore commonly used by many online businesses conducting their business ultimately on the Internet.

Yes, CClogic works with several Acquiring partners and payment gateway service providers which are able to help you to setup a merchant acount to

accept credit cards for your online business and in the name of your Cyprus Company

It only takes 24 hours after we received your payment before you can start trading with your pre registered company.

However it will take about 2 - 4 days before the documents are available for you to be couriered.

Typically it takes about 1 to 2 weeks; this includes the registration and the issuing of all company documents.

The large explaination about Cyprus Company TAX regulations

Cyprus company formation fees and requirements

Cyprus personal or business account, follow this link

Don't got all information about Cyprus TAX regulations ? follow this link

Cyprus Company formation fees and requirements

Cyprus personal or business bank account, rates and fees

On dividends payable

• There is a 15% withholding tax on dividends distributed to shareholders who are residents of Cyprus, but there is no tax on dividends paid to non-resident shareholders.
• There is a deemed distribution of dividends for an amount equal to 70% of profits if not actually distributed within two years after the end of the tax year in which the profits arose and payment of 15% withholding tax on deemed distribution.
• Profits allocated to non-resident shareholders are not subject to this tax.

On dividends receivable

• Dividends received from a foreign company are not subject to withholding tax of 15% provided that:
• The company receiving the dividend owns at least 1% of the company paying the dividend;
• Not more than 50% of the paying company's activities result in investment income; and
• The foreign tax is not significantly lower than the tax rate payable in Cyprus;
• There is no tax on dividends paid by a Cyprus resident company to another Cyprus resident company.

On interest earned

• There is a 10% tax on any interest earned by any individual or company resident in Cyprus.

On interest and royalties payable

• There is no withholding tax on payment of interest and royalties to non-resident individuals or companies.

On rents

• There is a 3% withholding tax on rents earned by a Cyprus resident (after deduction of 25%).

Note: The special defence contribution on dividends, interest and rents is treated as income tax for the purposes of Double Tax Treaties as well as for the purposes of unilateral tax credit.

For more information about to open a personal or business Cyprus Bank Account, follow this link

For Fees on the formation of a Cyprus Company, follow this link

The tax legislation adopts the relevant EU directive whereby reorganisations, amalgamations, mergers and acquisitions can be effected without any tax implications.

Was this not enough information?please follow this link about Cyprus Company Tax and more

For Fees and Cyprus Company formation, follow this link

How to open a personal or Businrss Cyprus Bank Account, please follow this link

• Dividend income received in Cyprus by a foreign corporation is wholly exempt from tax in Cyprus.
• Profits earned from a permanent establishment abroad are fully exempt from corporation tax except if:
• More than 50% of the paying company's activities result in investment income; and
• The foreign tax is significantly lower than the tax rate payable in Cyprus.
• Profits from the disposal of securities are not taxable for all Cyprus tax residents (individuals and companies).
• 50% of interest earned other than interest earned in the ordinary course of business (although other interest is subject to defence tax as explained below).

Read all about the TAX regulations for Cyprus company's by following this link.

For Fees and required documents to form a Cyprus Company, please follow this link

Tax losses can be carried forward indefinitely to be set - off against future profits.

For more information about Cyprus Company Tax and how to lower it, follow this link

There is no distinction between local companies and International Business Companies. A uniform corporation tax rate of 10% is applicable for all companies.

You can reach much more about this topic by following this link

Very simple contact CCLogic today and we will send you the required forms.

Also read our articles about the Cyprus Company formation, it's up's and downs, follow this link

General Information about how to register a Cyprus company:

Cyprus is the third largest island on the Mediterranean Sea. The economy of Cyprus is well-off and is a suitable base for offshore business due to is efficient infrastructure. The local or off-shore companies have to be registered by the government so as to perform any business transactions in the country. Company registration in Cyprus is no hard task and the prerequisites required for one to register are not exaggerated. The registration process can take a week or less. The Cypriot authorities have authorized the Cypriot nationals, European nationals as well as the non- European nationals to register Cyprus Company.

The process of registering a company in Cyprus does not require that the shareholders or beneficiaries be on the island. The shareholder can choose anonymity by appointing a nominee shareholder, nominee director, or else a nominee secretary to represent him or her. This is possible since the Cypriot authorities issued a declaration of trust by the nominee so that interests of the beneficiary shareholder are safeguarded in support of the beneficiary shareholder(s). For that reason, the public records at the registry about the ownership of the company indicate the name of the nominee and the actual owner is not disclosed. While you register Cyprus Company one has the right to request for equal treatment whether you are a non-European national or a Cyprus citizen.

Some of the expenses that are expected to be incurred in the process of registration are; the set up fee, annual fee for nominal services incase of anonymity, accounting fee/ auditing fee, annual expenses payable to the registrar of companies, document charges, taxes and incase of consultancy; consultancy charges and so forth. The registration fees (set up fee) and charges are paid once; they are the company creation charges, normally affordable. Registering a company in Cyprus could cost from 1200 euros to 3000 euros approximately, depending on who you register with. When one submits the company name for approval they are charged 8.54 euros for the search, incase the name is urgent the fee is higher, up to 25.63 euros.

The accounting and auditing fees differ from time to time, that is depending on the variety of dealings the company carries out each month or year, and it also depends on the accountant that you use that is if it is a miniature accounting firm or one of the big companies. A registered company must have annual returns each end year which includes any changes on the company ownership or directors and so forth. The stamp used on these documents costs around 100 euros.

There are two means that one could use to register Cyprus Company which are either expedited or non-expedited. It is estimated that the time taken to register is about a week or so but this period is dependant on the amount of workload the registration department of the registrar of companies has. The first step is to give the company name to the registrar for approval, then afterwards you can fill in the forms for registration.

Yes it is possible to register a company in the British Virgin Islands with bearer shares.

That said, then it is as decision of 2007 by the new regime at the BVI's mandatory to have the benficial owner of the bearer shares in custody with the
agency that registered the BVI Company, which makes bearer share less attractive in terms of privacy and securing assets.

We suggest to make use of our nominee services which requires 1 Nominee Director and 1 Nominee Shareholder and which protects your privacy and your assets.

For more information about BVI Company Formation, please follow this link.

We recommend the opening of a bank account in Cyprus for your BVI Company.

You can open a Cyprus bank account through the different major banks in Cyprus we have partnered with.

It is important that the Company Registration is finalized before we can open the bank account with a Cyprus Bank.

The major features of the Cyprus bank account are the following:

• e-Banking - Internet banking  which allow you access to your bank account 24/7
• International Wire Transfers can be made directly through the e-banking, no need to fax or phone anyone.
• Optional a Visa Debit Card which can be used in any ATM WorldWide.
• Multi Currency bank account, EUR, USD, GBP, CYP and many more currencies are available.

When you return the application for the BVI Company Formation, you will just need to let us know that you want to open a bank account for this company.

Learn more about Cyprus Bank Account opening.

In order to register a BVI Company you will only need the below:

1. Copy of passport
2. Utility bill (phone or electricity bill) in English and not older than 3 months

Additional we will send you our BVI Company Formation application which you will need to complete and send to us by e-mail together with the above 2 documents.

For more information about our BVI Company Formation, please follow this link BVI Company Formation - fees

In order to register a company in the British Virgin Islands you don't need to visit the BVI, the entire process of a BVI Company Formation is handled through e-mail and the Internet and it often takes less than 4 - 5 days to become the company registered.

For more information on how to order a BVI Company, please follow this link : BVI Company Formation

Yes it is possible to have the Belize company registered with bearer shares.

However, since the regulations in Belize not allow to have bearer shares as you maybe know from the Seychelles or any other offshore jurisdictions but that the
service agency which register the Belize Company for you will need to hold the beneficial owners name in custody with the bearer shares, then it dont make sense.

You should rather make use of our Nominee Services which gives you the anonymity and privacy you migh loog for including of securing funds and assets in general.

A Nominee director and nominee shareholder is available provided by CCLOGIC.

For more information baout Belize company Formation, please follow this link

We recommend the opening of a bank account in Cyprus for your Belize Company.

You can open a Cyprus bank account through the different major banks in Cyprus we have partnered with.

It is important that the Company Registration is finalized before we can open the bank account with a Cyprus Bank.

The major features of the Cyprus bank account are the following:

• e-Banking - Internet banking  which allow you access to your bank account 24/7
• International Wire Transfers can be made directly through the e-banking, no need to fax or phone anyone.
• Optional a Visa Debit Card which can be used in any ATM WorldWide.
• Multi Currency bank account, EUR, USD, GBP, CYP and many more currencies are available.

When you return the application for the Belize Company Formation, you will just need to let us know that you want to open a bank account for this company.

Learn more about Cyprus Bank Account opening.

In order to register a Belize Company you will only need the below:

1. Copy of passport
2. Utility bill (phone or electricity bill) in English and not older than 3 months

Additional we will send you our Belize Company Formation application which you will need to complete and send to us by e-mail together with the above 2 documents.

For more information about our Belize Company Formation, please follow this link Belize Company Formation - fees

This is one of the most asked questions at all.

In order to register a Belize company you don't need to visit Belize, the entire process is handled by e-mail and through the Internet and it takes less than 3 days for the registration of a Belize Company.

For more information on how to become a Belize Company Formation please visit this link : Belize Company Formation

We have published the law for Forex Trading and financial companies in Cyprus at the following link:

Register Forex Trading Company in Cyprus

You can download the Law by a downloading the published PDF available on the above link which includes the different laws and requirements in order to maintain a Forex Trading and Financial business in Cyprus.

For more information, please do not hesitate to contact us!

Yes, we can help you with this service, depending on the requirements and qualification you require it is normally done within a few weeks, the fee for this services depends on the number of staff required and the qualification.

For more information, please do not hesitate to contact us!

Yes we can, we will send you some suggestions with locations available, most often we have space in our building to place 4 to 5 employees for the Forex Trading Company.

The fee depends on the location, please contact us for more information.

Please note that we only offer this service to Forex Trading Companies which are registered and formed through the professional services of CCLOGIC Ltd.

In order to apply for a license for Forex Trading, one will need to have the following basic requirements in place:

1. Duly registered company in Cyprus (CCLOGIC can register the company for you)
2. If the company is not registered through CCLOGIC we need a solvency certificate from the country of residence.
3. a police report from the country of residence.
4. Detailed CV, request a sample from us if needed.

Beside the above mentioned, one will also need to have a business plan in place and prepare a manual of operations and a few other documents, CCLOGIC Ltd will help to prepare these documents,
if the client apply for the license through CCLOGIC.

For more information, please visit Forex Trading company in Cyprus

One will need to register a regular Cyprus company with registered office address and company secretary as a minimum.

As soon as the registration has take place, CCLOGIC will obtain a license by the CYSEC which costs EUR 27.000 + pocket expanses in the range of EUR 5000 to 10.000 (mainly fees for the CYSEC).

CCLOGIC will prepare all required documents, preparation of a business plan, the operations manual and completion and submission of all necessary forms and documents to CYSEC and other Cypriot authorities.

During the entire process we will work closely with our clients to ensure that everything will go as expected.

Also note, the required share capital which need to be paid up is : EUR 200.000
Unless the company will be offering only the services of Reception and transmission of orders and/or provision of investment advice in which case the share capital can be reduced to : EUR 80.000

Also a relevant question which we often get is: When does the share capital of EUR 1.000.000 apply?

The capital of Eur 1.000.000 is required  only if  one  or more of the following services take place:

(a)   Dealing on own account
(b)   Underwritting
(c)   Placing of  financial instruments without a firm commitment basis
(d)   Operation of Multilateral Trading Facilities

Otherwise  the capital is EURO 200.000

For more information please feel free to contact us.

Register a Forex Trading Company

Learn more:

What is the cost of a Forex Trading company license?

Forex is a big business, which involves a lot of money. Because of this, rules and regulations have been put into place to ensure that the market is not full of ‘cowboys’. Of course what this does mean is that people looking to get into the industry will have a tough time. Why? Well, the expenses associated with setting up in the industry are fairly extreme. But where does it all start?

Well, after registering a company, the owner needs to obtain the correct license. Now for most other industries, a license wouldn’t set you back to much, maybe EUR 500, or in some cases maybe even EUR 1,000. Getting yourself a Forex Trading company license is a whole different kettle of fish though! If you want to do it properly then you’ll need to contact the CYSEC and they will charge a upfront fee of EUR 27,000 for the license.

So is that it, you are ready to go? Unfortunately, it doesn’t stop there after paying for the Forex Trading company license. The CYSEC incur a lot of fees and charges which will generally range between EUR 5,000 and EUR 10,000. So before you even become legal you will have forked out anything between EUR 32,000 and EUR 37,000.

As mentioned before, this is a big industry. In fact, you should be glad that setting up in the industry and buying a Forex Trading company license costs so much. It allows the market to remain competitive but not quite flooded, so there is plenty of scope for expansion on a daily basis. Even a small slice of such a big market could potentially make you a millionaire if you play your cards right.

The problem is, there is a lot more to it than simply purchasing a license. The related authorities require a decent commitment and one that needs to be paid in full before trading. If your company is looking to offer advice or simply the transmission of orders, then you’re in luck as you’ll only have to produce a share capital of EUR 80,000.

On the other hand, if you are looking to do anything else you could be charged an upfront share capital of EUR 200,000. In fact, in the most extreme cases the related authorities will actually require a share capital of EUR 1,000,000. Of course this is out of most peoples reach, but is one of the reasons that there is still plenty of money to be made in the Forex market!

Making a decision before you proceed is definitely a wise choice. Ensure that you know exactly what your company will be doing as this could save you a lot of cash when producing share capital. Remember if you need to upgrade to a higher licensing agreement then this can be done as and when you need to. There is no need to invest a higher amount of share capital if you don’t need to! This money could be used to develop your business, rather than be wasted as share capital.

We have put together 3 documents which gives you the overview you need when you apply for a Pharmacy Merchant Account with CCLOGIC LLC

Download the allowed and disaloowed drugs to be sold with your Pharmacy Merchant Account

the Yellow and Green lists showing controlled substances in the EU. Please note that the attached FDA controlled substance list comprises the controlled substances for sale within the US.

For more information about our Pharmacy Merchant, click this link
Apply for a Pharmacy Merchant Account now!

A chargeback is a reversal of a credit-card transaction, as viewed from the perspective of the merchant. It usually occurs when a consumer files a complaint with their bank or credit/debit card provider. This usually happens when a consumer discovers fraudulent transactions on their statement.

• The bank will investigate complaints, and will "take back" the value of the original transaction, together with an additional fee (from $0 to $50 USD, depending on the bank/provider used) directly from the merchants account, unless the merchant can prove the transaction was legitimate
• The merchant loses the goods or services sold, the payment, the fees for processing the payment, any currency conversion commissions, and the chargeback penalty.
• The merchant loses legitimate sales by incorrectly blocking legitimate transactions.
• A merchant is billed for chargebacks as they occur, along with other fees and settlements associated with credit card acceptance.
• Thieves occasionally abuse the chargeback system
• Chargeback processing (handling) is complex as a result of frequent rule changes by the major credit card companies (MasterCard, Visa, American Express,
• It is possible for the chargeback and associated fee to cause an overdraft or leave insufficient funds to cover a subsequent withdrawal or debit from the merchant's account that received the chargeback. This could cause pending checks to be returned due to non-sufficient funds. Unless the merchant detects the chargeback in time to cover pending debits, a snowballing effect of penalties assessed could result.

What fraud detection tools should an e-commerce provider should have?

• IP geolocation/address
• Cardholder authentication via 3-D Secure Service
• The AVS instrument
• Chargebacks
• Automated Order Review vs. Manual Order Review.
• the implementation of effective security measure

You can prevent credit card fraud by looking for the following in the choice of a new payment gateway:

Many payment gateway providers use the Address Verification System (AVS).

A CVV2 number is the three last digits located on the back of a credit card, or the four stand-alone digits on the front of an Amex card.

• Request information from the customer
• Check the IP address
• Check your payment gateway interface
• Email address awareness
• Shipping addresses
• Log analysis
• Overseas orders.
• Unusual orders
• call the cardholder or bank
• Ask for photo identification
• Make your anti-fraud policy visible
• Utilize specialist fraud screening services

Holdback or Rolling reserve is for securing sufficient funds for your Merchant Account in the case of excessive chargebacks. The money hold as a Rolling Reserve / Holdback is paid in fullest (minus processing fees) to you once the 180 day have passed, it is not an hidden fee or something you have to pay.

It is normal procedure that Payment Processing Companies and Acquiring Banks have this security reserve when merchant accept credit card payments on the Internet, also called CNP ( Card not present) business.

Yes it is normal procedure by Mastercard that a USD 1.000 fee applies for High Risk busines like, Adult, Pharmacy, Online Casinos and Sport Betting websites.

CCLOGIC has not this fee included in our setup fees, since this is a fee paid directly to Mastercard and is not handled by CCLOGIC LLC.

If you are not sure if this fee apply for your business then please ask the CCLOGIC Sales Department, which can be contacted any time.

Yes you can, CCLOGIC LLC is able to place merchants from all over the world and has a large network of payment processing partners, specialized in Visa and Mastercard credit card payment processing.

You even don't need to have a European company, as long as you have a fully working website in ENGLISH and it applies to the Visa and Mastercard regulations, then you can become a Merchant Account and

a payment gateway with help of our services.

Yes we have options to place such business, but please have in mind that Adult is considered High Risk and this course the transaction rates and fees to be much higher than regular e-commerce business.

No it is not possible, since Internet transactions and Offline transactions are two different things.

The transaction fees and rates for Offline Transactions are much cheaper than Internet Transactions. Please ask your bank for further information.

If you selling services or products like the one listed below, then your business will properly be considered high risk.

• Digital products (Software, pictures or downloadable content)
• High Ticket items - Air Line Business
• Travelling Business
• Adult - Online Gaming
• Online Games
• Electronic's ( Ipods, TV, Radio)
• Pharmacy

Furthermore business that have a very high volume in the above mentioned categories are automatically considered high risk. CClogic.Com or it's Acquiring partners, do not accept such business if they don't have a 6 month processing history not older then 1 month. The chargeback ratio need to be below 1% and no TMF listed merchants are accepted.

A Merchant Account is an Account you open with an Acquiring Bank, a bank that only accept credit card transactions through a payment gateway.

If you go an open a merchant account with a Acquiring Bank through a Payment Service Provider, ISO or MSP like CCLogic then you receive a contract which includes an
agreement between you as a merchant and the bank accept credit cards. Once approved by the bank the bank will issue a MID (Merchant Identityfication Number) and a TID Terminal ID.

Please follow this link for rates and fees

First of all you will need to figure out how much sales you will have to decide which merchant service solution is best for your needs.
If you have a monthly sales volumen above EURO 5.000 a merchant account with a payment gateway will be the best solution.
If you have less than EURO 5.000 in monthly sales, then go with some 3 party solution.

If you are in a hurry or you want to have a company which already was registered in 2007, 2008 or 2009 because of several reasons, then a Cyprus Shelf company is the best option for you to jump starts your business.

During the years in this business it often happens that our clients request a Cyprus Shelf Company because they are in a process to buy another company and want to be anonym during the transaction to be executed. Other reasons are that they are starting a new business venture while they keep the existing business they are conducting now and don’t want it mixed.
Furthermore we often gave Cyprus Shelf Companies available which already have an open business bank account in Cyprus, this increase the entire registration process rapidly.

Please contact us for the latest list of Shelf- / Ready-Made Cyprus Companies.

Cyprus Shelf Company or Cyprus ReadyMade Company, our fees

A shelf company is a pre registered company which we already have registered with the companies house in Cyprus, we always have about 10 Shelf Company's registered in Cyprus.
When you order a shelf company we make a change of ownership for the company and issue a declaration letter for you which guarantees that no liabilities what so ever are on the shelf company.

Please contact us for the latest list of Ready-Made / Shelf companies.

Whilst Seychelles IBCs have some of the most extensive privacy features of any IBCs in the world if an IBC alone is established to do business abroad, (and underlying legal ownership of the IBC were ever discovered) you may leave yourself vulnerable to attack by Creditors, Lawyers or Revenue Collectors. On the other hand a Trust alone can be an awkward structure with which to do business and invest as everything has to be handled by a Trustee and some Companies do not like doing business with just a Trust alone.

By establishing a dual structure you can have practical control and commercial input in respect of their offshore assets and investments, whilst at the same time enjoying the enormous asset protection and tax planning benefits that only an International Trust can offer.

We have build 3 asset protection packages which will offer you this dual structure easy.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

In terms of setting out what Powers the Trustee is to have, there are essentially two ways that such an issue can be approached.
You may wish to specifically and in detail set out or limit what the Trustees powers are to be. The downside of this is that if the Trustees powers are seen to be limited then the Trust may leave itself open to challenge as a sham (for being allowed to be controlled by someone else).

Alternatively you may wish to take the more cautious and conventional route which is to allow the Trustee to have standard Discretionary Powers. Even if you take this approach the Trustees Discretionary Powers will be clearly set out in the Trust Deed (a draft copy of which will be provided to you after we have had the chance to convert your wishes into a Draft Deed.

It should also be noted that a second Trustee based outside of Seychelles can be appointed if you wish.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

A detailed explanation as to what a Protector is appears towards the end of the Trust Order Form. Rather than repeating what is set out there we will simply point out that it is not mandatory to appoint a Protector. Also if one is appointed the matters in respect of which the Protector's permission is/are required should be limited and specific otherwise there is a risk that the Protector may be deemed to be controlling the Trust from onshore (which could result in the Trust becoming liable to local taxes).

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

Obviously, so far as it is possible to do so at this time, if a Trust is to be set up, we would like you to let us know your wishes, as to how and when we are to pass on an income from the Trust. You can be as general or as specific as you likes, bearing in mind that you always can change your mind and express contrary (or further/other) wishes at a later time.

Another factor that you may wish to keep in mind is that you can pass on income from the Trust to some beneficiaries whilst leaving capital assets of the Trust to others. If the Trust owns a Property for example you may wish for the rent to be paid to a spouse during your lifetime with the ownership of the property to be passed on to a child/children upon your attaining the age of (eg/say) 30 years.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

Persons who are to receive a benefit from the Trust are called Trust Beneficiaries.

You as the Settlor may be a beneficiary though not the sole beneficiary. There must be at least one beneficiary named in the Trust deed (which is the document that “gives birth” to and governs the operation of the Trust) There are essentially two ways that you can approach the issue of who to name as Beneficiaries (and when).

The first (more traditional) method is to clearly set out in the Trust Deed the names of the persons (which may include you and their partner) that are to ultimately benefit from the Trust. Some people feel more comfortable if they can see, from the outset, their names appearing as beneficiaries in the Trust Deed.

The second, more creative approach is to set up a Discretionary Trust and to maximize the “Discretionary” nature of the Trust to avoid any person’s names appearing in the Trust Deed. One of the key features of Discretionary Trusts is that the Trustee retains the power to add or substitute further beneficiaries after the Trust has been formed. What you can do in this instance is nominate (in the section of the Form asking for details as to beneficiaries) a charity such as The Red Cross to be the primary beneficiary of the Trust, from the outset. This means that in the Trust Deed the name of the Beneficiary of the Trust would read “The Red Cross”. If the wish is for the Trustee to add or substitute beneficiaries at a later time all that needs to be done is to tell us the names of those persons and when, (after formation of the Trust) you would like us to add those persons as primary beneficiaries.

By taking this approach (and whilst it is unlikely that the Trust deed will ever be discovered), if the document were accidentally found by persons acting on behalf of your creditors (or the Revenue Authorities) they would still be unable to establish whether you (or your partner or family members) are presently entitled to any income (or Property) from the Trust.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

You will need to consider who should be the signatory on any Trust Bank accounts. So as to ensure that the Trust is seen to be controlled by the Trustee it is not advisable for either the Settlor or a Beneficiary to be the sole signatory on the account. Whilst the most cautious approach is to appoint the Trustee as the sole signatory another option would be to nominate your client and the Trustee as co - signatories meaning that two signatures would be required to move funds.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

For legal reasons it is extremely important that the Trustee be (and be seen to be) in control of the Trust.

If a Trust is seen to be controlled from Onshore there is a risk that the Trust may be challenged as a sham or deemed by the authorities to be a local resident for tax purpose. Please keep this in mind in communicating with us as a client will need to be seen to be “informing us as to their wishes” rather than “instructing us what to do”. Also if dealing with Trust Property it is imperative that you not tell third parties that you are the owner of the property.

If any business is to be done in respect of the Trust Property or if documents (eg sales agent’s agreements) are to be signed concerning Trust Property it is important that such matters be referred to the Trustee.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

We always ask our client to set out the purpose of the Trust. A general answer here will suffice. Commonly such Trusts are established for the purpose of asset holding, Privacy or estate planning purposes.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation

A person who forms (or who passes assets to) a Trust is called a “Settlor”. At the beginning of the Form the Settlor’s details need to be clearly set out. Only one Settlor is required although if assets being transferred to the Trust are (at present) jointly owned by your client and a partner it may prudent for legal reasons to nominate both persons as Settlors.

• Cyprus Trust Formation
• Seychelles Private Interest Foundation