Offshore Company Formation
Offshore Company Formation is one of the most used instruments in the online business to protect yourself and your business against liabilities and huge fines set forth by the Acquiring banks and payment processors.
Many online businesses establish offshore companies because they want to protect themselves from being harmed by any bank or payment processor, since this is a risk they take if they enter into business types which are in a so called “gray zone” like online pharmacies, software development and Adult businesses, which are considered as high risk business.
An offshore company formation is easy to do and can in many cases bring a lot of benefits not only if you are into any form of high risk business but also even if you conduct business online. For instant an Online business can be subject to 0% TAX if it conducts business outside of the offshore jurisdiction in which the Offshore company formation takes place.
With an Offshore company you are able to apply for an Merchant Account if the company is registered in an offshore jurisdiction that is supported by some payment processors or Acquiring banks that also allow your business model. For instant an Offshore Company located in Cyprus is within the European Union which can be a major benefit for you once you apply for an merchant account, since the European banks are only allowed to take on business within Europe.
Many online businesses establish offshore companies because they want to protect themselves from being harmed by any bank or payment processor, since this is a risk they take if they enter into business types which are in a so called “gray zone” like online pharmacies, software development and Adult businesses, which are considered as high risk business.
An offshore company formation is easy to do and can in many cases bring a lot of benefits not only if you are into any form of high risk business but also even if you conduct business online. For instant an Online business can be subject to 0% TAX if it conducts business outside of the offshore jurisdiction in which the Offshore company formation takes place.
With an Offshore company you are able to apply for an Merchant Account if the company is registered in an offshore jurisdiction that is supported by some payment processors or Acquiring banks that also allow your business model. For instant an Offshore Company located in Cyprus is within the European Union which can be a major benefit for you once you apply for an merchant account, since the European banks are only allowed to take on business within Europe.
For Offshore Company Formation and other offshore services please contact cclogic.com which is one of the fastest growing incorporation services in Cyprus and which have helped a lot of clients to come in to a safe harbor with their offshore company and tax planning.
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