Opening a travel agency in Cyprus.
Cyprus is an ideal destination for EU citizens to open a licensed travel agency due to the … Continue Reading…
Voluntary Liquidation of a Cyprus Company.
A Cyprus company is can be liquidated in two ways: By voluntary and involuntary … Continue Reading…
Essential Things to Know About Cyprus Companies
Company formation - The steps Choose a company name/ application and approval of the name. … Continue Reading…
The popularity of Cyprus International Business Companies (previously called ‘Cyprus offshore companies’) is ever growing. There are many reasons why Cyprus is considered an international business hub and go-to jurisdiction for establishing enterprises:Learn More »
CYPRUS COMPANY: KEY FEATURES
The Cyprus legal system is based on the Anglo-Saxon model of law. Cypriot companies are regulated by the Cyprus Companies Law, Cap. 113. This law was introduced in 1951 and it is actually a copy of the English Companies Act of 1948Learn More »
DECIDE THE STRUCTURE
Read what considerations you should take into account before deciding the structure of your company, especially as regards anonymity and nominees.Learn More »
CLIENT ANONYMITY AND NOMINEES
Many clients want to remain anonymous for a number of reasons. Anonymity is achieved by using nominees to act as company directors or shareholders.Learn More »
Every company incorporated in Cyprus is obliged by law to maintain accurate books of accounts, which should reflect the true and correct position of its affairs and give sufficient clarity of its activities.Learn More »
WHAT IS LIMITED LIABILITY?
Both private and public limited liability companies can be registered in Cyprus. Liability refers to the shareholder's financial responsibility towards the company if the company were to be liquidated.Learn More »
Cyprus Company Formation. The benefits
There are many reasons for forming or establishing a Cyprus company.
An important one is the possibilities that are offerred in terms of sensible tax planning. Asset protection is also another important reason.
For the international businessperson seeking these benefits, establishing a Cyprus company is the best choice.
When you set up a Cyprus company, your wealth is protected, and you pay less in taxes, effectively lowering your business overhead. In fact, Cyprus has the lowest EU Corporate Income Tax, resting at the low rate of 12,5 percent.
Other Cyprus company benefits include, but are not limited to, the following:
- strategic location of the island
- economic stability
- reliable banking system
- transparency of the tax system
- government consistency in supporting private business
- membership in European Union
Learn more about Cyprus company benefits by reading our article Tax Advantages of Cyprus Companies.
To structure a Cyprus company, you’ll need at least one director, at least one shareholder and a secretary. A Cyprus company must also have a registered office. Learn more about how to structure your Cyprus company by reading our article, Four Key Pillars for Structuring a Cyprus Company.
When it comes to registering a Cyprus company, you’ll need a company name, structure, a specific company purpose, and to submit due diligence documents. To learn more about how to register a Cyprus company, read our informative article, 4 Easy Steps to Register a Cyprus Company.
Registering your Cyprus company is easy with Christophi & Associates LLC.
When you register with us, you’ll not only get expert legal advice, but you’ll receive outstanding service and competitive price.
Start now by clicking here.
TAX RESIDENCY IN CYPRUS
A key factor for successful tax planning using a Cyprus company is to show that the company is tax resident in Cyprus. According to Cyprus tax law, a Cyprus company must be managed and controlled from Cyprus in order to be considered as tax resident in CyprusLearn More »
Following the recent tax reforms and the reform of the Exchange Control Law all citizens of the European Union (EU) can register a company in Cyprus as any other Cypriot enjoying the low tax rate of 12.5%.Learn More »