|
Mar 18 |
New requirements to the Seychelles Company formation!
Posted by on 18 March 2011 07:05 AM
|
|
As per SIBA guidelines (See page 6 and 7 click link to download) we are supposed to collect as regards the underlying owner of each new IBC: (a) Current Passport (b) National Identity Card (c) Current full valid driving licence We only need one of the above documents to stay compliant. Further we need: A recent utility bill and bank statement The passport, National Identity card or current full valid driving license need to be certified by a reputable bank, Consulate, Embassy, governmental body, Notary, lawyer, accountant or other professional body Read more » | |
|
Mar 10 |
New support platform @ CCLOGIC.COM for corporate support!
Posted by on 10 March 2011 03:34 PM
|
|
After months of implementing our new support platform developed by Kayako Inc. we are now ready to introduce both our existing clients and new clients to our easy-to-navigate support system. It has long been our wish to upgrade our support system to the latest technology and Web 2.0 standards, but unfortunately this was not technically possible until now. As well as the secured members area, we are working on public tutorials which will guide both our existing clients and new clients through the process of incorporating an offshore company in the jurisdiction of their choice. We will be announcing the new tutorials as soon as they are ready, which is expected to be in mid-May 2011. Read more » | |
|
Mar 3 |
Radix Capital takes over CCLOGIC Ltd
Posted by on 03 March 2011 01:48 PM
|
|
February 4, 2011 Seychelles, Victoria, 04-Feb-2011: Radix Capital today announced the acquisition of Cyprus based CCLOGIC Ltd. CCLOGIC is a consultancy firm in the business of Incorporation services and asset protection in connection with complex Offshore Company structuring. CCLOGIC is operating a legitimate business which takes measures on each business case to prevent any illegal activities. They also comply with the recent money laundering laws and the patriot act regulations to know your customer, said Marc Densinger, Vice President in charge of Acquisitions and sourcing. CCLOGIC is an innovative small company that has during its short lifetime developed an impressive marketing strategy and client database. Radix Capital intends to continue developing CCLOGIC to be
Read more » | |
|
Feb 21 |
Forex trading license, Cyprus, Can the paid Up Capital cover expenses?
Posted by on 21 February 2011 08:09 AM
|
|
A Forex Trading Company in Cyprus needs to be licensed by the Cyprus Stock Exchange Commission to operate as a Cyprus Investment Firm (CIF) and provide foreign exchange services where these are connected to the provision of investment services. The type of services that will be offered by the Forex Trading Company is solely based on the type of CIF they would like to be. Typically other Forex Trading Companies apply for Reception and Transmission of Orders, Execution of Orders and Dealing on Own Account when they have their own trading platform however there are a few that also apply for Investment Advice and Portfolio Management. According to the Law the capital requirements are as follows: Read more » | |
|
Feb 17 |
What is difference of authorized share capital and paid up sharecapital?
Posted by on 17 February 2011 10:11 AM
|
|
(a) the concepts of authorized share capital and paid up share capital; and (b) how you might deal with the situation of investors who intend to buy shares in a collective company but who are presently unable to fund same. Just for clarification authorized share capital is the amount of share capital a company can raise. If the maximum authorized share capital of a company is $100,000 then the company can only issue and sell $100,000 worth of shares (eg 100,000 shares of one US Dollar each or 10,000 shares of Ten US dollars each or say 1,000,000 shares of say 10 cents each, etc). If the maximum authorized share capital is $US1,000,000 (1 Mill USD) then a company can issue and sell $1,000,000 worth of shares (eg 1,000,000 shares Read more » | |
|
Feb 14 |
Cyprus International Collective Investment Schemes (ICIS)
Posted by on 14 February 2011 12:52 PM
|
|
Objective The sole objective of an ICIS is the collective investment of funds of unit holders governed by the International Collective Investment Schemes Law, 47(I)/1999. Under the law a unit holder is the owner of units (share, participation or interest in a scheme). A unit holder may be: a) an ICIS, or b) an international business company (offshore enterprise), or c) a person not being a permanent resident of Cyprus for the purposes of the Exchange Control Law. Legal forms of an ICIS An IClS can take the following legal forms:
| |