Oracle wrote:Eliko wrote:Eliko wrote:miltiades wrote:Feisty wrote:Oracle wrote:purdey wrote:There are no exeptions, or loopholes. It is one law that is strictly enforced in Cyprus. Unless someone knows otherwise ?
Most intriguing
I hope an explanation will be delivered soon .....
Quite simple really. sorry you waited so long for nothing.
I only personally own one property, the other three are owned in my company name, don't quite have the registation number to hand but the company is just my full name with Ltd on the end and was set up by my solicitor simply to hold the property. Saves on capital gains tax as well as much else. If I remember rightly, and here my memory is sketchy, I am the only director and shareholder of the company. Why I say it is unclear as I'm well aware that a Ltd company in the UK has to have at least 2 directors, but have not studied Cyprus Company Law. I'd imagine that if another director were required that it would have been my mum.
Not quite correct on the number of directors a ltd co.must have in the UK.
All companies must have officers. From 6 April 2008 this means at least one director for a private company, and at least two directors and a company secretary for a public limited company. A private limited company does not have to have a company secretary but it can choose to include in its articles a requirement to have one.
In my own experience, the finest 'Company' you can have, is your own.
As an extension of the above, if you desire a 'Limited Company', choose your friends carefully, you will find them less 'Taxing' and the 'Gains, Capital'.
Can I hold you to "Account" and "Fiscal" you for a full "Disclosure" ....
Oracle, you know you have 'Secured' my 'Interest'