|Registration cost||1 945.00 USD|
|Company renewal cost||1 940.00 USD|
|Number of directors||1|
|Paid Registered Capital||0.00|
|Mandatory reporting requirements||Yes|
Cyprus is an island in the Mediterranean with a population of less than 900,000.
Its official languages are Greek, Turkish and English, the latter of which is widely used in business, industry and government.
Cyprus joined the European Union in 2004 and has shown significant economic growth over the past 15 years.
Cyprus has a long history as an international financial center and has the lowest corporate tax in Europe. A corporate tax for resident companies is 12.5%.
Although Cyprus is not the offshore tax territory any more, it remains a dream for many foreign investors. The reasons for this are an efficient and challenging business environment, combined with a low income tax rate of 12.5% and EU membership.
The main advantages of Cypriot companies are the following:
The company can be established for international trade purposes with the lowest taxes in Europe (12.5%) on their net profit. In addition, there are no withholding taxes as for the payment of dividends to non-resident shareholders.
If management and control is exercised abroad, then a Cypriot company may not be taxed in Cyprus. This type of company is useful for trading purposes. However, it cannot benefit from any double tax treaties and cannot receive any tax certificates stating that the company is resident/taxed in Cyprus.
Talking about holding companies, the following should be mentioned. In case the minimum requirements are met, the company can pay 0% of the dividend tax rate received by foreign subsidiaries.
CORPORATE INCOME TAX (CIT): the standard rate is 12.5%. Since 2013, an annual Special Levy Tax of € 350 has been applied to all companies registered in Cyprus in the Registrar of Companies.
DIVIDENDS: incoming is 0%.
Capital Profit Tax (CPT): 0%.
Repatriation Tax, Royalty: 0%.
DIVIDENDS: dividends paid to non-residents for the use of rights outside Cyprus are exempt from withholding tax.
BILATERAL tax agreements with 48 countries, including almost all CIS countries, China, Singapore, Malta and Denmark.
VALUE ADDED TAX (VAT). EU VAT regime. The standard rate for domestic sales is 19%.
A Cyprus offshore company submits annually the following:
Cost of services of a nominee director and shareholder is 850 USD.
DOCUMENTS FOR USING THE NOMINAL SERVICE:
If you need to register a company in Cyprus, our specialists will help you register a company in Cyprus quickly and efficiently. In addition, you can buy a ready-made company in Cyprus. Write to us in the CRM form and we will help you to register a company in Cyprus.
Eternity Law International specialists will provide you with expert advice on the acquisition of an offshore company and as for opening a bank account in any jurisdiction. We offer ready-made offshore companies. It takes 2 days to reissue documents for new owners.
If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or fill out and send us the form at the bottom of the page.