Situated in the north-eastern part of the Mediterranean Sea and to the south of Turkey, Cyprus is the largest island in the eastern Mediterranean and is the third smallest country in the European Union. Cyprus has the lowest corporate tax rate in Europe having the net chargeable profits of Cyprus IBC Companies taxed at a rate of just 10%with several forms of income being even fully exempt. It has developed a network of Double Tax Agreements with almost 50 countries including the United Kingdom, the United States, Canada, Russia, Ireland and China. If you are interested in a Cyprus Company Formation, here are some things you should know.
Offshore Company in Cyprus
- Standard corporate rate of 12,5%
- The dividends received from subsidiaries the holding participates are tax free.
- Extensive network of advantageous double tax treaties with 64 countries.
- 10-14 Days Incorporation Time
- 12.5% Taxation
- ✓ Auditing & Accounting
- ✓ Annual Returns
Cyprus Company Formation
You will Get
How Does it works?
Order your company online.
Submit KYC Documents.
Your Company is Incorporated.
Your Company is Incorporated.
Key Information You Need To Know
Below are the services included in the package :
Shipping of the original documents to your address will require an extra charge of courier fees , please refer to optional services above.
For Each Director , Shareholder & Ultimate Beneficial Owner
Please provide below, if the company has corporate shareholder :
All the documents must be presented in english , if the document is not in english , a certified translation in english will be required.
Min Directors/ Shareholders – 1
Taxation According to Cypriot tax laws, companies are considered to be tax resident in Cyprus if the management and control of the company are in Cyprus and are taxed at 12.5% on profit. However, non-resident companies are not subject to Cypriot tax provided that the company management and control are exercised outside Cyprus, and the company does not derive any income in Cyprus. It should be noted that in such cases, the company may not take advantage of the Cyprus double tax treaties network.
Accounting : A Cyprus limited company must submit audited financial statements to local tax authorities and the Department of Registrar of Companies and Official Receiver. Company law requires that a company maintain proper accounting records in accordance with International Accounting Standards (IAS). The first reporting period can be up to 18 months from the date of incorporation and thereafter financial statements must be prepared annually. A Cypriot auditor is required to be appointed.
Share Capital There are no minimum legal requirements as to the minimum or maximum share capital of a Cyprus private limited liability company. However, for practical purposes, it is recommended that companies be incorporated with a minimum share capital of €1,000 divided into 1,000 shares of €1 each.
Registered Office & Agent – Required ( Included in our package )
Recurring/Annual Fees – Annual Renewal Fees – $1300 , includes below :