A Cypriot or Dubai Shell Company: When Is a Foreign Company Legal?

A Cypriot or Dubai Shell Company: When Is an Offshore Company Legal? In Highgate Talks #52, Peter Varga and Tomáš Demo discuss the use of offshore companies by Slovak entrepreneurs. They explain why Cyprus has historically been a popular holding company jurisdiction, what “substance” means, and why today it’s not enough to simply have a foreign registered office, a bank account, or a nominal director.

In this episode, you’ll learn:

when can a foreign company be a legal part of a business structure,
What role do non-tax considerations, regulation, and corporate law play,
why the requirements for substances are becoming stricter,
which jurisdictions might be of interest to Slovak entrepreneurs,
How does a company in another EU country differ from a company in Dubai,
when a challenge to the structure may result in an additional tax assessment,
and under what circumstances a criminal liability risk may arise.

We will also address topics related to foreign entities, asset protection, and doing business in Slovakia at the conference“Why and How to Stay in Slovakia?”

► November 25, 2026 | Bratislava
► EARLY BIRDS discount | last 50 tickets
► More information about the program, speakers, and registration: https://highgate.sk/konferencie/preco-ostat-na-slovensku/

A Cypriot or Dubai Shell Company: When Is a Foreign Company Legal?

Related products and activities

Comprehensive consultation with Peter Varga

Conference | Why and How to Stay in Slovakia? – Early Birds

Dubai: Business, Taxes and Life in the UAE

CONTACT

Need help or advice? Reach out to us.

IN. Highgate Law & Tax

IN. Highgate Accounting

IN. Highgate Crypto

IN. Highgate Estate Vault