Advantages to incorporate in Cyprus

For those looking for a sound solution to international developments

Let us introduce you to Cyprus and explain the main 25 advantages to incorporate in Cyprus.

Over the last few years, the worldwide international business sector has experienced unprecedented changes, which have totally reshaped the landscape. There have been huge developments on many different fronts, from FATCA to CRS and from BEPS to de-offshoreisation and to the substance-related amendments in the Parent-subsidiary Directive plus the introduction of the fourth EU AML Directive with its requirement for registries of beneficial owners, to name but a few. Concepts such as substance, transparency and compliance are having a prominent role in the new era of international investments and business operations.

Cyprus has chosen not only to fully adjust but also to lead the way to the modern international business world. To do that it is taking advantage of the number of its existing advantages, such as the flexible legal and tax regimes, its competitive Corporation Tax rate, its geographical position, its top-class citizenship and residency schemes and standard of living. On top of that it has recently introduced, some very important measures, which will help even further in achieving its goal, including a special regime, exemptions from taxes and other duties for investing in real estate, a tax-deductible charge on equity and many others.

In essence, Cyprus offers a great number of reasons why foreign investors and businessmen should not only invest in the country or simply add it on the diagram of their international business structures, but also to relocate to the country and transfer their business activities there. By doing so, not only will they be in line with the new trend but they will also meet other important objectives, such as good returns on investments, ease and cost-efficiency in doing business and having the lifestyle of their choice.

25 excellent advantages to incorporate in Cyprus

Find out all major benefits and advantages a Cyprus company can offer you and not only tax advantages.
1. A company in Cyprus can be registered in approximately 5 working days.
2. The cost of incorporation is very low; our Limassol offices offer you 2 special company packages, Business and Premium, at highly attractive prices.
3. You can get a new company certificate such as a Certificate of Incorporation or a Good Standing Certificate, the same day; and in English and Apostilled.
4. Use of a Nominee Director and Shareholder is allowed, for full confidentiality and anonymity.
5. The share capital of the company does not have to be fully paid in cash at the time of incorporation. You can pay it up later at any stage.
6. It is an EU company, and as such, it is acceptable by all countries and serious companies in the EU, and of course all over the world.
7. Its annual corporate and maintenance costs are very low; we offer a very comprehensive management package that includes administrative, legal and accounting services.
8. You can open a bank account for a Cyprus company in any country you want.
9. You can get an EU Vat registration number in 48 hours.
10. In case you decide to appoint Nominees, you can have full Power of Attorney to carry out all or any of the Company’s operations you want.
11. You can incorporate the company without having to visit Cyprus even if you are going to be a Director yourself.
12. You can have a virtual office in Cyprus as the business headquarters of the company, dedicated telephone line, fax, email account and office space to meet clients.
13. You can close down a Cyprus company with a very simple procedure.
14. You can operate a Cyprus company remotely, from the comfort of your office in your own country.
15. A Cyprus company pays only 12.5% tax on its net profits, if generated within Cyprus, otherwise, its corporate tax is 0%. Cyprus is a low tax jurisdiction, not a Tax Haven.

16. A Cyprus company pays 0% tax on dividends paid out to the shareholders.

17. A Cyprus company pays 0% tax, on all dividends received from any of its subsidiaries.
18. Cyprus does not impose income or capital gains on profits and gains derived from the disposal of securities, irrespective of whether the profits and gains are considered to be of revenue or a capital nature! (*)
19. Cypriot companies are exempt from taxation on foreign exchange (FX) gains, with the exception of FX gains arising from trading in foreign currencies and related derivatives!
20. A Cyprus company pays 0% on all profits by operating any permanent establishment abroad, such as a hotel, a chain of restaurants, shops etc.
21. A Cyprus company pays only 2.5% tax on all profits from possession or trading in Intellectual Property rights, such as patents, trade names, trademarks, music or sports or scientific rights etc.
22. The incorporation of a Cyprus company gives the right to the Real Owner and his family members to a long-stay visa for two years (renewable) and a work permit. In 7 years to a Cyprus – EU passport!
23. A Cyprus company can be re-domiciled abroad to any other country.
24. A Cyprus has signed dozens of Double Taxation Avoidance Treaties all over the world.
25. If you need to settle in Cyprus, you will enjoy a beautiful country with a mild climate, no crime rate, a hospitable population, plenty of human recourses for your needs, fantastic cuisine and tasty fruits and vegetables.
(*) Securities, as defined in the law, include shares, bonds, debentures, founder’s shares and other securities of companies or other legal persons and options over such securities.

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Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.

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