The Central Bank of the Republic of Cyprus is tightening the conditions for the operation of the Letter Box Company/Shell Company or dummy companies

If your company complies with the following criteria:

• registration in a country with high confidentiality of corporate law allowing to avoid financial reporting and auditing;
• the country of registration is regarded as an offshore territory;
• your company does not conduct business activities;
• financial transactions have no economic value;
• it is not physically represented (there is no real office or management).

in the near future you will face a number of difficulties, namely:

1. Local banks will avoid providing services to them;
2. Financial institutions will avoid business relationships with them.

Trends in the legislation of a number of countries demonstrate stricter rules for doing business. It is time today to take steps to address the current situation.

Law&Trust International will select and offer individual solutions and will take into account all your wishes. We have been working in this business for 16 years. We are represented in 134 jurisdictions and cooperate with more than 150 banks all over the world.