Register the company with 100% foreign ownership

Sentstiv


Joined: 11/07/2010
Posts: 24

Message Posted:
20/09/2011 12:29

Register the company with 100% foreign ownership without freezing 100,000 pounds in the account. Accounting and much more

sentiv9@gmail.com

slatnumber7


Joined: 25/08/2010
Posts: 299

Message Posted:
20/09/2011 17:49

Sentstiv.



Clarify please are you suggesting that you can set up a company here in the TRNC without a 51% controlling share held by a Turkish Cypriot?



Thank you in anticipation.

chrism


Joined: 27/10/2008
Posts: 1465

Message Posted:
20/09/2011 18:24

Slatnumber7 that is correct we established a company at the old mill email be if I can be of any help.

slatnumber7


Joined: 25/08/2010
Posts: 299

Message Posted:
20/09/2011 18:48

chrism.



Thanks for the Msg will e mail you first thing tomorrow, just off out the door. By the way is this reply on behalf of Sentstiv?

lindoc


Joined: 30/08/2007
Posts: 220

Message Posted:
20/09/2011 19:19

Chris & Sent,



Have mailed you,

Marion


Joined: 06/03/2011
Posts: 1816

Message Posted:
20/09/2011 22:50

for once i have written without querying on the board, and so far no response. why is it when I try to do what i am told I ought to do (having queried other threads without e mailing direct), that seems to be the wrong thing too.



ah well, maybe I will get a reply tomorrow.

lindoc


Joined: 30/08/2007
Posts: 220

Message Posted:
21/09/2011 09:24

Marion



not sure what you mean.

Have you emailed Sentstiv and not had any reply.

flutterby


Joined: 11/01/2008
Posts: 214

Message Posted:
21/09/2011 11:11

If a foreigner registers a company, does that foreigner have to have a work permit or a temporary resident permit?

chrism


Joined: 27/10/2008
Posts: 1465

Message Posted:
21/09/2011 13:21

Hi have replied to emails that have been sent through to me sorry if I can't answer all your questions just reply as someone who has been through the process.



My reply isn't anything to do with the original poster just my experience.



We did not have work permits when we started the company registration process. Best advise is use a good accountant ours helped us throughout the whole process.

Marion


Joined: 06/03/2011
Posts: 1816

Message Posted:
22/09/2011 00:20

Yes, message 7, I sent an e mail and have had no reply. Maybe cyberspace is being unkind, or maybe the recipient is on overload, but...... no reply.

sofasogood


Joined: 19/07/2010
Posts: 93

Message Posted:
22/09/2011 10:17

Please could you e mail me deborahburdess@yahoo.co.uk . Would be interested to know how this can be done.



Thankyou

Wiser


Joined: 30/07/2008
Posts: 796

Message Posted:
22/09/2011 10:19

I have a company without any Cypriot involved. It costs a bit more to set up but is worth it. I have a business permit in my passport as the director as does the secretary.

rachw


Joined: 09/04/2011
Posts: 51

Message Posted:
22/09/2011 12:58

Chris and Wiser can you advise who I would need to see ie accountant or lawyer. Can you tell me who you used?

If you prefer to email off board please mail

rachweb36@gmail.com

Thank you

crofter


Joined: 16/12/2008
Posts: 1035

Message Posted:
22/09/2011 13:29

Rachw......you need to see an accountant. Where are you based? We use Metin Guven who is near to Kamelya florist and not far from the Bellapais traffic lights.

rachw


Joined: 09/04/2011
Posts: 51

Message Posted:
22/09/2011 14:52

Thanks for the info crofter

also thanks chris for your email.

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
22/09/2011 16:49

This is not an option for property investors/purchasers.

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
22/09/2011 17:01

Hi Crofter,

Does your accountant speak good English and is he/she up to date with current regs?

Our accountant is not so good and we're thinking about changing. Although they do most things we expect, we seem to have to prompt them about everything that needs to be done and it always seems to be on the last minute with them which involves us doing a lot of running around, and every time we ask about regulations they're not so sure, sometimes they check and still get it wrong!



What are your monthly acct fees if you don't mind me asking and do they sort your PAYE, Social Sigorta payments and monthly KDV returns as well as yr end tax return?



Thanks.

sofasogood


Joined: 19/07/2010
Posts: 93

Message Posted:
23/09/2011 21:41

thankyou for your e mail sentstiv

racoonchic



Joined: 17/11/2008
Posts: 3223

Message Posted:
24/09/2011 08:08

is there any limitations on the company status.. for example i would like to register a plumbing company.. would this be allowed.

Wiser


Joined: 30/07/2008
Posts: 796

Message Posted:
24/09/2011 08:56

There are no limitations as long as you have the right qualifications where necessary. I use Sezinler & Co accountants near to Deniz Plaza on the road to Girne. They charge 400tl a month and do everything for me and speak English.

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
27/09/2011 22:43

Wiser, that sounds very expensive, did you shop around and does that seem to be the going rate in Girne? We pay just 290tl per month after KDV.

You say they do everything for you. Is there anything over and above the following that they do for their fee:

PAYE, Social Sigorta payments, monthly KDV returns as well as yr end tax return, helping out with organising business and work permits, and answering any other day to day questions regarding running your business or tax issues. All of this is included in the fee we pay.



Thanks.