To register company Cyprus is a simple process that usually takes only a few days. This blog outlines the basic processes and regulations for forming a Cyprus corporation, making the process easy and quick.
Company name approval
Submit a request for approval of your company name to the Registrar of Companies and Official Receiver. This can be done either by the applicant or by a lawyer/service provider. Many legal consultants provide pre-approved “shelf names” that can be used immediately.
Document submitted to the registrar of companies in cyprus
Prepare and submit the required documentation to the Registrar of Companies. A lawyer or service provider will help you acquire and fill out these paperwork, as well as open a bank account.
Incorporation process
The Registrar processes the documents after they are submitted together with the application package and fees. If everything is in order, the business is incorporated, and you will obtain a certificate of incorporation as well as certified copies of the Memorandum and Articles of Association.
Why choose cyprus for your business?
Tax incentives:
Corporate tax rates are low, at 12.5%.
Tax Exemptions: Under certain conditions, dividends received from overseas and profits from permanent establishments in other countries are completely tax exempt.
No Withholding Tax: Non-resident stockholders do not pay taxes on interest or dividends.
Double taxation treaties: Extensive network in over 50 nations, including Russia, China, the United States, and the United Kingdom.
Further tax benefits:
Share Transfer Exemptions: There is no tax on share sales or transfers in Cyprus, with the exception of those involving immovable property.
Intellectual Property: Profits from intellectual property license, exploitation, and disposal are tax deductible up to 80%.
EU Directives Access: Full access to EU directives, which improves corporate operations.
Ease of registration:
Quick Setup: Incorporate in about 10 working days.
100% Foreign Ownership: There are no nationality limits on ownership.
Remote Registration: Complete all procedures without the requirement to be physically present in Cyprus.
Begin your Cyprus company formation journey today!
Tba-associates’ legal staffs is ready to help you register company Cyprus. Contact Tba-associates to start your company formation process with experienced advice and thorough support.
