Do I need to have a company in Cyprus for my online business?

May 17, 2009 - PRLog -- A Company in Cyprus can be of benefit if you are conducting business Online and if you decided to accept payments online. While many suffer when they try to become a credit card acceptance with an offshore company outside of Europe, they often will need to have a company in Cyprus.

To become a company in Cyprus isn’t difficult and it is done in some easy steps which almost in all cases can be completed within 20 to 30 min. and it doesn’t need to be complicated. Often the Agent which is registering the company in Cyprus will have some standard forms which just need to be completed and signed, this is then send electronically back to the agency which often is a Offshore company formation specialist and knows all steps.

http://www.cclogic.com

Why should I need a European bank when I want to accept credit cards?
The reasons are many but often it is because of the accepted business and because it is often very complicated and expansive to have the merchant account or the Acquiring bank in an Offshore jurisdiction to handle the transactions for you. Our experience is that a company in Cyprus will give you all that what a offshore company for instant in Panama, BVI or Seychelles also have, but on top of this you will be able to have the doors open to also accept credit cards inexpensive and with a reliable source. Also the speed of Wire Transfers hit your bank account is incredible, it often only takes a day or two compared to an transfer which goes to a offshore bank it will take weeks.

When you considering a company in Cyprus you must look for the possibility to also be able to open a bank account in Cyprus, a Cyprus Company Formation without a bank account in Cyprus makes no sense and is often where most Agencies fail. The reason for this statement is that you will need to have a bank account for your company in Cyprus else the Acquiring bank (which is providing the credit card acceptance) won’t accept you as a merchant. The bank account in Cyprus which is opened in the name of your Cyprus Company will also give the company credibility towards the banks since there is already one bank which have made the due diligence on that company in Cyprus.

Don’t get fooled into any Agency which is trying to open a bank account for your company in Cyprus in a other country, it won’t work the same as if both is located in the same country.
For more information on how to become a company in Cyprus please visit our website, we open Cyprus Bank Accounts for the company and can also help with a company structure which combines several offshore jurisdictions in one solution and where the outcome is a 100% anonymous Cyprus Company setup for assets and privacy protection.

# # #

CCLogic.com is operating as a consultancy and register companies in Cyprus, we have specialized in the offshore company formation and the opening of bank accounts in Cyprus.