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Tax Engineering

Offshore company in Cyprus

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Register an offshore company in Cyprus with intra-community VAT number and offshore bank account in 15 days. Delay and reduce the tax payment in your country of residence in a legal manner. 

Reference: LTD09004CY

$4238

Offshore company formation in Cyprus 

Registering a limited liability offshore company in Cyprus with bank account and intra-community VAT number can be quick and easy process. The importance of the financial sector that has made the country one of the main financial centers of the European Union is prioritized because of its weight in the Cypriot economy. Thanks to its stable growth, flexibility and banking services, Cyprus has become one of the favorite jurisdictions to carry out Internet-related business among entrepreneurs. Numerous companies related to the processing of payments, FOREX, money sending and receiving entities have been installed in the country mainly attracted by a lax bureaucracy at the time of obtaining financial licenses. Significant savings in the corporate tax of the companies is also one of the factors that these companies take into consideration.

Advantages of registering an offshore company in Cyprus

The main advantages of registering an offshore company in Cyprus are the following:

  • Cyprus offers one of the lowest corporate taxes in the European Union, 12.5%.
  • There are no taxes for dividends when repatriating the capital to the country of residence.
  • Easy to obtain the intra-community VAT number to do business in the European Union.
  • If the company decides to establish an office in Cyprus you will get exemption from taxes in the importation or purchase of vehicles, properties and equipment for the office.
  • Banks in Cyprus are very focused on E-commerce and import/export offering exclusive conditions for your businesses.
  • The beneficial owner of a company registered in Cyprus can request any type of financial service available in the country.
  • There is no exchange control. Cypriot companies can work with any currency of legal tender inside and outside of the European Union.
  • Thanks to the double taxation treaties signed between Cyprus and other countries the shareholders can significantly save on taxes.
  • The commercial register is public but there is the possibility to avoid any type of filtering of the information using the Nominee service.
  • Cypriot companies can deduct the expenses of directors and shareholders to reduce corporate tax considerably.
  • Offshore Cypriot companies are exempt from inheritance taxes.
  • There are no capital gains taxes, except for property sales.
  • Foreign employees of the offshore company working outside of Cyprus are exempt from income tax. 
  • Registering a company in Cyprus gives you a right to obtain the residence permits in the European Union quite easily.

Characteristics of offshore company in Cyprus

General
Type of Company
IBC
Type of Law
Common
Shelf company availability
Yes
Our time to establish a new company
10 days
Minimum government fees (excluding taxation)
US$100
Corporate Taxation
Nil
Double Taxation Treaty Access
No
Share capital or equivalent
Standard currency
US$
Permitted currencies
Any
Minimum paid up
No minimum required
Usual authorised
US$50,000
Directors
Minimum number
One
Local required
No
Corporate Directors Permitted
Yes
Publicly accessible records
No
Location of meetings
Anywhere
Shareholders
Minimum number
One
Publicly accessible records
No
Location of meetings
Anywhere
Company Secretary
Required
Optional
Local or qualified
No
Accounts
Requirements to prepare
Yes
Audit requirements
No
Requirements to file accounts
No
Publicly accessible accounts
No
Other
Requirement to file annual return
No
Change in domicile permitted
Yes


* Incorporation of an offshore company in Cyprus with a bank account in the name of the company without a physical presence in the country. All arrangements will be made through e-mail and / or certified mail.

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    in Cyprus
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    notarized and apostilled in English
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    to carry out operations without VAT in the European Union
  •  
    in EUR, US $ or GBP on behalf of the company with online banking included
  •  
    in the name of the company
  •  
    for 1 year
  •  
    for 1 year
  •  
    for 1 year
  •  
    for 1 year
  •  
    depends on the annual turnover (100-300 transactions per year 1495 euros)
  •  
    1395 euros
  •  
    by UPS or DHL to any part of the world
  •  
    Certified by a notary or notary public
  •  
    Certified by a notary or notary public
  •  
    Electricity, water, gas, telephone or bank statement
  •  
    In English
  •  
    Business letter of recommendation from a lawyer, accountant or tax advisor.

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