Compliance Check Delays
Our case involved a Cyprus company with a corporate bank account application. The company was registered quickly, but the bank requested several additional documents during compliance checks.
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Our case involved a Cyprus company with a corporate bank account application. The company was registered quickly, but the bank requested several additional documents during compliance checks.
We’ve been using their services mainly for annual renewals for about two years. So far no issues — they send reminders and invoices on time.
Registered a BVI company for holding investments. The process went as planned. Fees were exactly what they quoted initially.
We registered a Cyprus company through IT-Offshore earlier this year for a small software project. The incorporation was completed in about 9 business days. Opening a bank account took significantly longer (around 5 weeks), but that seems to be the case everywhere in the EU now.
We’ve been using their maintenance and annual renewal services for two years now. Reminders are sent on time, and documentation updates are handled without drama. Pricing increased slightly this year, but still within market range.
Before engaging, we had a call to clarify tax residency implications. They were quite clear that offshore doesn’t automatically mean tax-free, which was refreshing. Some consultants oversell; here the advice felt more conservative and realistic.
We approached them for redomiciliation from one offshore jurisdiction to another. It was not a standard case, and they requested quite a few documents before proceeding. The process was slower than hoped, but legally thorough. They seem cautious rather than “fast at any cost,” which is probably a good thing in this industry.
The company registration part was efficient. The banking part was more complicated than expected, mainly due to enhanced KYC. It took almost two months to finalize the account. IT-Offshore did assist with compliance documents, but timelines depend heavily on the bank. Important to understand that upfront.
We consulted them regarding a BVI holding structure for cross-border investments. Their advice was cautious — they actually recommended against a more aggressive structure we initially considered. This built some trust. Fees were clearly outlined in advance. Documentation delivery was on schedule.
Needed help registering a UK LTD with a non-resident director and nominee services. The incorporation was smooth, but we had to clarify some details regarding VAT registration — this took longer than expected. In general, they seem knowledgeable about compliance issues and explained risks clearly, which I appreciated.
Opened a Seychelles IBC for international trading. The setup was relatively fast (about a week for documents), and pricing was transparent from the start. Communication was mostly via email, sometimes with a slight delay due to time zones, but nothing critical. Would consider working with them again.
We used IT-Offshore to register a Cyprus company for our IT consulting business in early 2024. The incorporation itself took around 10 business days, which matched what they initially told us. The bank account process took longer due to additional compliance checks, but the team kept us updated throughout. Not the cheapest provider on the market, but overall professional and structured.
After explaining my situation to Igor, he promptly offered insightful advice and suggested an alternative plan that better suited my needs. His swift response and knowledgeable guidance were instrumental in helping me navigate the situation.
My experience of work with IT Offshore was amazing!
People who work in IT Offshore are very talented and professional. They know what what their client need and want to get, always in contact with you and never leave you questions without answers. I greatly recommend IT Offshore for cooperation!
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