Ireland company vs Cyprus company formation what you think is best?

[negon]

Depending on the agent you find it may costs the same or even less in the BVI but they agreed to exchange information there!

 

[kolagin]

If Ireland is possible for complete setup Means both compant and bank account in Ireland than I prefer this country!

 

[myhand]

It is very difficult to get a FX license in Cyprus, you need at least EUR 1M in real capital for paid in share capital, office, office supply, staff, servers, certificate, license and so on. takes aprox 6 - 9 months to get such established.

Do you have estimated costs ?

 

[bonox]

Cyprus is easy to register a company while Ireland seems to me more interesting from the "legit look" point of view! Is there a way to anonymice a Irish company you think?

 

[clemens]

I would love to setup a Irish Company if it still provides tax freedom and of course it's possible to open an bank account for the entity in Ireland, the latter seems quite complicated if not impossible.

 

[predator]

If I get setup any time soon I will choose a Irish company and later a Cyprus corp. just for banking I don't know yet where to open an account!?

 

[predator]

About what i said before, i didn't take into account the situation when there is a nominee shareholder !!!
In this case, the withdrawal of money would be done under the shareholder name.

DTA agreements with ireland
Tax Treaties

Thank you for sharing the information. It is a shame you got banned my friend.

 

[andreas]

I just want to mention, there is a withholding tax of 20% on dividends for those who are fiscal residents in a country with no Double tax agreement with Ireland.
Dividend Withholding Tax - General Information Leaflet

Don't forget Ireland is an onshore country, if you live in Europe, 100% of the dividends you declared in Ireland should be declared in your EU country because a system that will start in september 2017, will check if the dividends you have declared in your own EU country is the same as in Ireland.

In order to get the Withholding tax exemption you need either a Certificate of residency from your own tax authorities or you can get the irish DWT exemption form stamped by your tax authorities.

For me a Irish Company would work great also with these double tax treties with my country. However, what I think is that we need to know how we can open a bank account for this Company in Ireland!

 

[hungryit]

Cyprus over Ireland for real offshore Company. If trustworthy is something you consider than go with Ireland it seems to look more reliable to people you may do business with.

 

[pesto]

If Cyprus was the only place for businesses in Europe for good tax planning and IP protection then all would be there. Fact is that more and more businesses incorporating in Ireland compared to Cyprus even more in Ireland than Cyprus!

What does it tells you?

 

[negon]

If Cyprus was the only place for businesses in Europe for good tax planning and IP protection then all would be there. Fact is that more and more businesses incorporating in Ireland compared to Cyprus even more in Ireland than Cyprus!

What does it tells you?

It tells me that not all doing wise decisions

 

[hungryit]

It tells me that not all doing wise decisions

Or they do or not what is the wise decision?

 

[MoneyMiner]

So many say Cyprus is good. I have budget $500 to setup company can I get Cyprus company or Ireland company ?

 

[pesto]

So many say Cyprus is good. I have budget $500 to setup company can I get Cyprus company or Ireland company ?

It is not going to work for you, sorry. Rise the budget please.

 

[MoneyMiner]

How much you know for a Ireland company registration? I need to find a company for my business!

 

[pesto]

You could have a look here Ireland company vs Cyprus company formation what you think is best? I think this company charge aprox 400£ for a simple Irish company registration. But you can't use the company unless you have a bank account.

 

[uplana]

I have a Cyprus company now but also go for a Irish company formation in January for a second setup. It don't hurt to have more legs to stand on!

 

[Houdini]

Ireland seems not to bad! I don't need to bank in Ireland so the company formation there would be sufficient for me.

 

[cosmo]

My vote goes to Cyrps it is far easier to setup all what I want and I can make use of legal tax planning!

 

[maxmoney]

What do you think is required to get a merchant account for a Cyprus company if I can't get the nominees passport and utilitybill when I apply for an account?

I'm struggling with the perfect solution to get offshore company, privacy & merchant account in a package?