Such letters can be sent only if you will be offering replica or very low quality product that can cause health issues to the consumers.I agree! One interesting advantage of setting it up in Cyprus instead of countries like Spain or the UK is that it could make things more challenging when the company receives cease-and-desist letters. There might be fewer lawyers in Europe specializing in representing manufacturers in this jurisdiction, which could work to our advantage
Depends on the jurisdiction. In Germany, they can send you a letter already if you forget some legally required mentions on your website.Such letters can be sent only if you will be offering replica or very low quality product that can cause health issues to the consumers.
if the business is legit like originally stated there shouldn't be such issues.
Correct, as long as the country of registration doesn't do too much checks on foreign owned companies.Yeah, anyway, the main goal is to avoid the letters, which is why we’re structuring it this way. So I guess the answer is that the location of the payment agent doesn’t really matter
A few points you may want to consider when making decision:Yeah, anyway, the main goal is to avoid the letters, which is why we’re structuring it this way. So I guess the answer is that the location of the payment agent doesn’t really matter
Just a couple of points for 1 and 2.A few points you may want to consider when making decision:
1) English is not an official language of Cyprus, meaning that most official/court business goes in Greek - one may see that as a small advantage already;
2) Government system is on "island time", as it is the case with most lawyers and service providers meaning any potential legal action may take quite some time to move between stages;
3) Well-established practice of creating and maintaining "payment agent" structures for higher risk business verticals (i.e. gambling, unlicensed FOREX) meaning that many CSP's would get it right from the start what you'll need to accomplish and can advise you accordingly
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?