Banking – Merchant Accounts – Offshore Companies – Company Formation

Cyprus, as a well established International Financial Centre, has always been an excellent location for holding companies from tax and business perspective, among others. Cyprus holding company is an important consideration in any international structure where there is a desire to minimize the tax imposed on income and gains.

Cyprus is the ideal location for establishing and operating a holding company because of Cyprus extensive network of double tax treaties and access to the EU directives along with its attractive tax system and its strategic position connecting Europe, Middle East and Asia. Read More »

Matters to be considered

• Avoidance of permanent establishment in Russia by making sure that no services are provided in Russia by employees of the Cyprus company.
• Avoidance of having mind and management in the investors’ country.
• Maintenance of office in Cyprus where administrative services are provided.
• Employment of personnel in Cyprus either expatriate or local.
• The majority of the Board of Directors are residents of Cyprus.
• Bank accounts are maintained and operated from Cyprus.
• Keeping of accounting records is carried out in Cyprus and all documents are kept in Cyprus.

Uzbekistan today

In Middle Ages Uzbekistan was the cultural and economic center of the enormous empire stretched through the Central Asia to India and Iran, and a key site of trading crossroads between China and the West. Today it is the most industrialized republic in Central Asia, which promises to become the economic center connecting Europe with the Western China, the Central and Southern Asia.

It has everything for that. Uzbekistan possesses an extensive transport network and the large urban population. Its capital, Tashkent, is the biggest city in the Central Asia with the population of 2.1 million people and the only city having system of underground in Central Asia. The national transport airline, Uzbek Air Ways, connects Tashkent with the largest cities and capitals of Europe, Asia and USA. Read More »