Registration of companies in Cyprus is still a popular area for the registration of companies of various types. These include:
Let us consider in more detail the advantages of registering companies in Cyprus.
Cyprus has three main and important advantages:
Cyprus has the lowest taxes in the world. They make up 12.5% of net income tax and the absence of dividend taxes. But these are not the only tax advantages in Cyprus. The country has an extensive range of various tax benefits. For instance:
This has become a clear advantage for companies involved in IT technology.
Other advantages of Cyprus for companies:
First of all, it will be of interest to those whose main goal is to work in the EU market. Through Cyprus, goods are delivered throughout Europe, and this is not subject to duties.
For those who want to register a holding and plan the income of foreign companies, Cyprus will also be interesting. Such popularity is due to the lack of a bet on all receipts in the holding.
IT companies have long and firmly settled in Cyprus. The total tax rate on intellectual property income is only 2.5%. This is a great help for such companies.
In business, the main priority is the convenience of using the company. This factor is fundamental when choosing a country.
The company’s location in Cyprus will allow it to use various areas for management: in the field of accounting and auditing services, outsourcing is widely developed, the availability of first-class specialists and excellent communications allow unhindered work and business services.
The presence of outsourcing allows to reduce staff to a minimum, not to keep additional employees.
English in Cyprus is one of the official languages. Thus, when a company is registered and its work begins, the language barrier disappears by itself. This helps to save on hiring a translator when making deals or submitting documents.
Registering a company in Cyprus has undeniable advantages.
Our company is based on experience with this country and Eternity Law International specialists will be happy to рrovide you with assistance in resolving this issue.