An offshore shelf company – created days, weeks or months before it is purchased – is in a sense put on the shelf to age like a bottle of wine. And like a nicely aged bottle of vino, an offshore shelf company is just as palatable. Common reasons to purchase a shelf company are to save time, to have the ability to bid on contracts and to attract customers with the lure of longevity…
Hate Filling Out Application Forms? Take Application Form Express
I don’t know about you, but I absolutely hate filling out applications forms. Unfortunately, in some cases there is no way around it, including when you request an offshore company. Here are few explanations to make the questions clear, the process fast and the experience stress-free…
How Limited is ‘Limited Liability’ in Cyprus
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. A Cyprus limited liability company can have limited liability by shares or by guarantee (with or without shares)…
Dividend Tax in Cyprus
In last week’s article, an overview of the Cyprus’s defense tax was given. As briefly outlined before, Cyprus’s defense tax also, in certain cases, applies to dividends. However, whether or not the dividends are taxed depends on if the income is received by a corporate shareholder or an individual. Since Jan. 1, 2003, dividends have not been taxed in Cyprus, unless they are received by a Cypriot tax resident individual. Payments of dividends to non-residents, whether corporate shareholder or individual, are not taxed….
Cyprus Defense Tax Guide for Companies
Governments have the right to impose any tax they wish. Cyprus, for instance, has a 15 percent defense tax. This levy is due on June 30 and December 31 each year. Defense tax is imposed on certain income earned by Cyprus residents and resident companies. However, this article explains payments and exemptions relevant to resident companies and non-resident companies with business dealings in Cyprus. […]