Originally Posted by Admin With the recent high demand of establishing Forex Trading companies for the purpose of trading currencies on behalf of a small, medium or even public unnumbered sum of investor(s) group(s), we feel it is time to outline a few things for the many people and businesses interested in the obtaining of a valid Forex Trading License rather called CIF license in Cyprus, and, Mutual Fund License in the Seychelles. Some of the most frequently asked questions are: What is the required
Originally Posted by Admin This was applicable in 2003 when our Tax law changed at that time. What is applicable today is the following: 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
Like with many of our services then there is some confusion about how we can help to open a bank account with one of the major banks in Cyprus. The confusion comes from both competitors that try to attack us just to find out that it is impossible but as well from the banks in Cyprus and from customers, so we feel that it is time to clarify how this service works. Should there still be any questions then please feel free to post here or submit a ticket to our corporate support With which
Updated 08-11-2011 at 07:57 AM by Admin
Since we each day get lots of questions about this specifically service then we found it necessary to develop this small guide in order to avoid frequently to answer the same questions. However, should you still have any questions feel free to post them here or open a support ticket in our corporate support. Can I open a merchant account for my Seychelles company?
Defiantly no, we are unable to help to open merchant accounts for non EU companies. Since the Seychelles is not part
Updated 08-11-2011 at 07:46 AM by Admin
Originally Posted by Admin The below is for all that owe a Cyprus RESIDENT company, means a company that is under management in Cyprus and therefore considered to be Cyprus resident!
Many have appointed a nominee director (Cypriot) and therefore the company is considered to be a Cyprus resident company!
According to article 24 of the Assessment and Collection of Taxes Law No.4 of 1978, as amended, all Cyprus tax resident companies must submit an estimate of 2011 temporary chargeable income and of
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