The British Virgin Islands are one of the most famous tax heavens in the world, but often BVI companies have business dealings in the famous tax haven Cyprus, as well. BVI benefits include freedom from capital gains and corporate taxes, as well as inheritance and sales taxes, and incorporation can be complete in as little [...]
Offshore 101
Learn everything you need to know to start an offshore company in Cyprus.
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Cyprus Offshore Company, the term recently substituted by Cyprus International Business Company, is a separate legal entity. The most commonly used form is private Limited Liability Company. Under this framework, there are many sub structures in which you might establish your company. Read on to learn which Cyprus company structure best fits your needs [...]
Nominees are people or legal entities that act as directors or shareholders of a company to protect the identity of a real shareholder or director. During company registration in Cyprus, the name, address, occupation and nationality of the person or legal entity who is to be the shareholder or the beneficial owner is required. In cases where anonymity is preferred, nominees are used [...]
Structuring a company in Cyprus is a breeze, and luckily for offshore business owners, an LLC can be registered from outside of the country, making the process even more manageable. Plus, Cyprus banks make it easy for international clients to set up accounts. With a ready-made shelf company, it takes only one day before you can start doing business. Otherwise, it typically takes anywhere from seven to 14 days to be registered.
Memorandum and Articles of Association — often referred to as M&AA – is the statutory document of any Cyprus company. It is a record of the business activities in which a company can engage and outlines the way in which a company will be governed. In Cyprus, the M&AA must be written in Greek and signed [...]
