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