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Cyprus: A paradise for International Companies

Looking for a safe and well-regulated financial environment to establish your business? With our office offering Corporate Services, the solution is one phone call away. Consider Cyprus, a full member of the European Union that has been regularly used in international tax planning for the last 20 years. Our firm can assist you with Corporate Services and EU cross-border mergers, a popular solution for restructuring groups within the EU.

The introduction of European Directive 2055/56/EC established a standard framework for cross-border mergers of limited liability corporations, allowing businesses to reorganize without incurring tax penalties. With Cyprus legislation permitting the merging of two or more EU member firms, our services can help you capitalize on this opportunity.

This legislation applies to the merging of limited liability companies created under the law of a Member State with their registered office, central administration, or primary place of business inside the community, provided that at least two of these businesses are controlled by distinct Member State laws.

Cyprus corporate services move your business

Our Corporate Services and Opening your Company in Cyprus

If you’re considering establishing a legal entity for your business, Cyprus is an excellent option due to its straightforward and speedy registration process. Compared to other countries in Europe and beyond, the process for registering a Cyprus company is relatively simple.

The process starts with submitting an application to the Registrar of Companies to approve the name or brand of the new company. From there, the Registrar oversees the registration process, which typically takes 7-10 days for an expedited application and 10-20 days for a regular application (with the former incurring slightly higher costs).

To register a company in Cyprus, you must draft a Memorandum of Association and Articles of Association. These legal documents outline the company’s regulations, as well as the responsibilities and duties of the directors and shareholders.

It is important to note that drafting these documents must be done by a licensed lawyer with certification from the Cyprus Bar Association in compliance with the relevant legislation.

Corporate Services for Companies in Cyprus

In order to maintain anonymity and confidentiality of ultimate benefactors, it is common practice for companies in Cyprus to utilize nominee services. These services involve appointing a third-party individual or corporation to act as the registered owner of shares or director of the company, thereby concealing the true owners and directors.

Cyprus offers a variety of nominee services, including nominee director, nominee shareholder, and nominee secretary services.

By utilizing these services, companies can ensure compliance with regulatory obligations, such as timely filings with the Cyprus Registrar of Companies and the Cyprus Tax Office.

In addition, these services can provide a registered office in Cyprus, which can be a convenient and cost-effective option for companies that do not require physical office space.

Benefits of a Cyprus Registered Company

  1. Confidentiality and anonymity are possible with the use of a Nominee Director and Shareholder in a Cyprus company.
  2. A Cyprus company’s share capital can be paid up later at any time, giving business owners flexibility.
  3. You can open a bank account for your Cyprus company in any country.
  4. Within 48 hours, your Cyprus firm will get an EU VAT registration number.
  5. A Cyprus company’s yearly corporate and maintenance expenditures are relatively inexpensive with a full management package that includes administrative, legal, and accounting services.
  6. A virtual office in Cyprus may act as your company’s corporate headquarters, complete with a dedicated phone line, fax, email account, and meeting room.
  7. You can have complete Power of Attorney to carry out all or some of the Company’s operations by appointing Nominees.
  8. A Cyprus company is acceptable and recognized by all countries, as it is an EU company.
  9. You can incorporate a Cyprus company without having to visit the country.
  10. You can easily close down a Cyprus company.
  11. You may run a Cyprus corporation from your home office in your home country.
  12. Cyprus is a low-tax jurisdiction, with a Cyprus business paying just 12.5% tax on net earnings earned within the country, and 0% corporation tax on all other profits.
  13. Dividends paid to the shareholders of a Cyprus corporation are tax-free.
  14. Dividends received from any of its subsidiaries.are tax-free.
  15. Foreign exchange gains derived from trading in foreign currencies and associated derivatives are free from taxes in Cyprus.
  16. A Cyprus corporation pays no tax on any income gained from operating any permanent facility abroad, such as a hotel, restaurant chain, or retail.
  17. The IP Box Regime requires Cyprus enterprises to pay a 2.5% tax on any earnings derived from the ownership or trading of Intellectual Property rights such as patents, trademarks, and music or sports rights.
  18. Forming a Cyprus corporation offers the Real Owner and their family members a two-year (renewable) long-stay visa and a work permit. They will be able to receive a Cyprus-EU passport in 7 years.
  19. A Cyprus corporation can be re-domiciled in any nation.
  20. Wide network of Double Tax Treaties signed with Cyprus.
  21. A lot of deductions allowed from company’s profits, reducing taxable income effectively.

Contact us

If you require additional information on matters related to Contract Law, don’t hesitate to contact us.

Our team is here to answer your questions and provide any necessary assistance. Our experienced Contract Law Attorneys are skilled at drafting tailored contracts to suit your specific needs. Contact us today to learn more.

Read more on Corporate Services in Cyprus:

Company Registration

Foreign Interests Company

Substance Solutions

Nominee Services

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