CYPRUS COMPANY FORMATION
Incorporating your business in Cyprus offers multiple advantages to all types of business structures and industries as Cyprus has the lowest overall taxation in the EU at just 12.5%
There is an excellent double tax treaty network of Cyprus with more than 40 countries. However there are plenty of exemptions which some companies will find beneficial and zero withholding tax for shareholder dividends and creditors outside of Cyprus.
ANNUAL FILING REQUIREMENTS
A company's formation documents and its annual return must be filed in Greek, as well as the company’s accounts when these need to be filed. Every company must complete an annual return within a period of 42 days from the date of its Annual General Meeting and must file immediately with the Registrar of Companies a copy of the annual return, signed by a director and the company secretary. The annual return filed with the Registrar of Companies must be accompanied by the full set of financial statements.
TAXATION
A Cyprus Ltd company that is managed and controlled in Cyprus will be considered as a tax resident company. In this case the majority of directors should reside in Cyprus and Board Meetings should be held in Cyprus. Cyprus resident companies are subject to corporation tax at the rate of 12.5%.
No withholding tax on dividends distributed to non-resident shareholders of Cyprus Companies and no withholding tax on interest paid by a Cyprus Company to non-resident creditors.
Cyprus has entered tax treaties with over 40 countries. In addition, as an EU company, it is entitled to the benefits of the EU Parent-Subsidiary directive and the EU Interest and Royalty directive in relation to withholding tax exemptions. To find out more about how setting up a Cyprus company can benefit your business, contact us today
CYPRUS COMPANY KEY FEATURES & ADVANTAGES
Public register
of Directors & Shareholders
Local directors required
Local directors required
Low Cost
No minimum paid up capital required
Accounts must be filed
PACKAGES
Standard
£2,240
Cyprus Company Registration
+
1 Year Registered Agent
+
1 Year Registered Office Address
+
1 Year Company Secretarial Maintenance
+
Delivery of all
Company Documents
Banking
£2,690
Everything in Standard Package
+
Applications for
up to 5 bank accounts
+
Remote bank account opening
+
Consultation on preparation
of required documents
DOCUMENTS INCLUDED IN OUR STANDARD PACKAGE
-
Certificate of Incorporation
-
Memorandum & Articles of Association
-
Appointment of First Directors
-
Consent Actions of the Board of Directors
-
Share Certificates
-
Register of Directors and Members
CYPRUS COMPANY
YEARLY RENEWAL £1,570
The following is included
-
Registered Agent
-
Registered Office
-
Government Registration Fees
-
Company Secretarial Maintenance
OPEN A BANK ACCOUNT FOR CYPRUS COMPANY £450
Reliable and confidential banking with all standard banking facilities
We offer a great choice of jurisdictions and tailor made solutions to suit all your banking requirements
Fee payable after account opening
-
Multi currency
-
E-Banking
-
Credit/debit cards
-
Pre-paid cards
-
Payment systems
-
Crypto accounts
-
Remote account opening