Company Formation Cyprus
Other Jurisdictions
Cyprus
Cost of registration
Number of Directors
Corporate tax rates
Payment of Charter Capital
Financial statements
€ 1,250
1
12,5%
No
Yes
FEW WORDS ABOUT Cyprus COMPANY
BENEFITS
TAXES
ACCOUNTING
- Offshore jurisdictions but not on the black list
- Agreements on double taxation with 60 countries
- Lowest corporate tax rates in Europe
- No currency control
- Non-resident of Cyprus, who is the successor to the estate, is not subject to taxation
- Corporate tax is 12,5%
- VAT - 19%
- Property transfer tax up to 8%
- Annual returns filing - Yes
- Statutory audit - Yes
- Report requirements - Yes
REQUIREMENTS
TYPES OF COMPANIES
- A minimum of one director and one shareholder
- A registered address
- A secretary. Can be a resident or non-resident
- Limited company
- International Company
- Representative offices
- Branch Offices of Foreign Companies
- Partnership
- Sole Partnership
Convenience to operate with loans via Cyprus offshore company.
If foreign experts of an offshore company in Cyprus work beyond the jurisdiction, they pay an income tax varying from 0% to 2%.
No tax on international/external dividends, on capital gains, on income from sales of securities.
Simplicity of the registration procedure, and the low cost of maintaining the company.
Many categories of expenses can be referred to prime cost.
Information about beneficial owners or shareholders is public and stored in the central bank of the Republic of Cyprus.
If the identification of the owner of the company can lead to any negative consequences, it is necessary to preserve the anonymity of the data. This can be achieved by applying mechanism for the use of bearer shares or trust declaration.
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HOW TO REGISTER A COMPANY IN Cyprus
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Cyprus
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
MORE INFORMATION
SET OF DOCUMENTS
NOMINEE DIRECTOR AND SHAREHOLDER
- Share Certificates
- Certificate of Director and Secretary
- Minutes of the Meeting
- Certificate of incorporation
- Protocol
- Apostille of the bound set of copies of Constitutive documents
- Apostilled Power of Attorney
- Director Resignation Letter
- Secretary Resignation Letter
- Nominee Director’s Declaration
- Deed of Trust
- Deed of Indemnity
- Tax Certificate
CORPORATE INFORMATION
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Local registered office
Local registered agent
Yes
Yes
No
The minimum amount of the issued capital
Bearer shares
Terms of capital payment
Possibility to issue shares without par value
1
No
No restrictions
No
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors 1
The requirement for residency directors No
Director of legal entities are allowed Yes
The data reveals to the local agent Yes
Data field to the public registry Yes
Meeting
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
1
No
Yes
Yes
Yes
Annually
Yes
Yes
No
Yes
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
Meeting
1
Yes
No
No
Yes
Yes
Annually
TAXATION
REPORTING
VAT
Basic corporate tax rate
Capital gains tax
Withholding tax
Currency control
Corporate tax rates details
Stamp duty
19%
12,5%
Yes
Yes
No
10%
Yes
The requirement for filing reports
Open access to reports
Statutory audit
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
Yes
Yes
Yes
Yes
Yes
Yes
64
No
The tax on personal income. Progressive from 0% to 35%. Special Defence Contribution tax applies to dividends (17%) and interest income (30%) instead of Personal Income tax. For rental income, a Special Defence Contribution tax of 2.25% is charged in addition to personal income tax.
Other taxes. Special defence contribution tax, Immovable property tax, Social insurance contributions, Social Cohesion Fund contributions, Motor vehicle tax, Import and excise duties, Immovable property transfer fees.
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Why Customers Choose Us
Our lawyers have already registered hundreds of companies in different parts of the world, and they know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.
We offer an individual solution
We implement a personal plan in line with your objectives. We'll offer all our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company, etc
We provide full legal support
We'll provide the client with the best company incorporation services. Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration
We ensure a positive result
Strategically providing up to date personalized services to help your business succeed. We makes use of modern technological features to keep the records and details of every client safe