An increasing number of international companies are choosing to base their operations in Cyprus thereby taking advantage of the many business and taxation benefits that the island offers.
Cyprus as a base for Business
The island is an established member of the European Union; a recognized international jurisdiction for business; offers an unrivalled tax regime and has a high level of skilled professionals.
Cyprus is establishing itself as an international financial center; located at the crossroad of three continents, it can act as a gateway to Europe, Asia and Africa.
International companies enjoy the same low tax rates as local businesses, making the country one of the leading business destinations in Europe.
Benefits of Cyprus Company Formation:
- Cyprus is a member of the European Union and Eurozone
- Excellently located with a solid reputation
- Profits taxed at only 12.5%, in the same way as local companies
- Through its network of Double Tax Treaties, it offers extensive tax exemptions.
- VAT exemptions on offshore activities
- Normal trading activity is exempt from stamp duty
- No tax imposed on Income from the sale of securities, on the repatriation of profits from Cyprus companies to non-residents, on income of foreign capital deposited in Cyprus banks, on dividend income and profits from the sale of shares
- Beneficial base for the receipt of dividends, interest and royalties
- Tax-free management of Cyprus registered shipping vessels
- High quality of professional and banking services and skilled workforce
- No time restrictions imposed on carrying forward tax losses
- Group relief provisions
- Bank accounts in multiple currencies
- No minimum requirement for the number of directors
- Ability to open a fully-fledged office in Cyprus
- Excellent commercial banking, workforce and infrastructure services
Full benefits for your Company
Our Firm can help your company make the most of all the advantages when forming a Company by
- utilising them to their full potential
- provide you with any business assistance needed to establish your base
- form and register your company in Cyprus
- attend to all your corporate administration requirements.