Monday, March 22, 2010

TVI Express wants you to think Cyprus is paradise. It is not

TVI Express has changed their official address to Cyprus, because that's about as far as you can go in Europe, and still be in E.U. It is CLOSER to LEBANON than to London.

If you can just spend some time to read the bits on Wikipedia, instead of the advertorial on TVI Express's website, you'll see that Cyprus is basically a miniature version of the Korean peninsula: Turkey holds the northern 1/3, and it's technically an independent republic, while the southern 2/3 is mostly Greek. And it is the southern part that joined the European Union.

See http://en.wikipedia.org/wiki/History_of_Cyprus#Modern_era

Furthermore, Cyprus allows what is known as an offshore company: registered in Cyprus, but operates completely abroad. It's now also known as an IBC: international business company.

See http://www.lowtax.net/lowtax/html/jcyoltr.html

Thus, just how are you going to sue TVI Express, in case you need to resolve a legal issue? They say they are headquartered in UK, but you have to sue them in Cyprus, and they are not even physically located there! Wonder how that would work out?
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