Company Formation
Basic Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
Bank Account Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
- Set Of Corporate Documents With Apostil
- Bank Account Opening
Privacy Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
- Set Of Corporate Documents With Apostil
- Nominee Director
- Nominee Shareholder
- Power of Attorney With Apostille
Cyprus Offshore Company – Overview
| Type of entity | LTD, IBC |
| Type of law | Common |
| Shelf company availability | Yes |
| Company Registration Timescale | 5 days |
| Standard currency | Euro |
| Permitted currencies | Any |
| Minimum paid up | No |
| Usual authorized | Euro 1,000 |
| Double taxation treaty access | Yes |
| Corporate Taxation | 12,5% |
| Tax On Dividends | 0 |
| Tax on capital gains, royalties, interests | 0 |
| Minimum number | One |
| Local required | No but recommended |
| Corporate Directors Permitted | Yes |
| Publicly accessible records | Yes |
| Location of meetings | Anywhere |
| Minimum number | One |
| Publicly accessible records | Yes |
| Location of meetings | Anywhere |
| Required | Yes |
| Local or qualified | No |
| Requirement to prepare | Yes |
| Audit requirements | Yes |
| Requirement to file accounts | Yes |
| Publicly accessible accounts | No |
| Minimum Annual Tax/License Fee | Euro 350 |
| Requirement to file annual return | Yes |
| Change in domicile permitted | No |
The Republic of Cyprus enjoys a strategically beneficial location at the intersection of the traditional shipping routes between Europe and the continents of Asia and Africa. It’s a hub of the busy trade routes linking Western Europe with Middle East and North Africa. While Greek and Turkish are the two official languages, English is wide spread, especially in the business community.
The offshore regime in Cyprus for offshore companies has changed as part of the island’s accession to EU, and as result of agreements with OECD. It also enjoys a wide network of Double Tax Treaties, becoming a dominant player for tax planning structures. Furthermore, Cyprus is renowned for its efficient, stable, and reliable banking system and effective professional sector, both audit and legal. Its entire constitutional and legal framework has enabled Cyprus jurisdiction to become an important offshore financial center.
Restrictions concerning maximum allowable percentage participation, as well as minimum monetary level of foreign investment in any company / legal entity in Cyprus, were lifted from January 2000 for EU Citizens, and from 1 October 2004 for non-EU Citizens.
Now, Cyprus’ Investment Policy allows 100% foreign participation in Cyprus Entities in almost all sectors of the economy not only for EU Citizens, but also for investors from third countries.
There is a 10% corporate tax rate approved for Cyprus companies which it apply for both onshore and offshore companies, plus 2% levy on wage bills. Therefore the corporate tax of a Cyprus company is one of the lowest rates in the EU.
The most important benefits that Cyprus offshore company offers are: free movements of profits derived from operation on non-resident investments; no withholding tax is payable on dividends, interest and royalty payments for your offshore company; full capital gains tax exemption is given on capital gains; salaries of foreign employees of offshore companies employed outside Cyprus are completely tax exempt; Cyprus is a major offshore business center with thousands of offshore companies, firms incorporated annually; dividends to shareholders are tax free; double tax treaties have been concluded between Cyprus and 38 countries; offshore companies situated in Cyprus may purchase various items for their own needs duty free.