That depends on many things. Where you live, where your income comes from. For instance, EU nationals need to pay VAT on electronic goods and services sold to other EU nationals but not if sold to non-EU costumers. Some countries won't tax your foreign earned income. As for the cyprus company: yes it is totally possible and legal in most countries. You end up paying taxes on the income you take from the company to the country you live in.
i see i see, so basically you can use offshore but it will serve as a savings account....untill you withdraw the money
the absolute best business investment i had ever made was hire the best accountant i could find. saved me thousands
Man im glad i looked over here, This is really informative. I was wondering what I have to withhold and report