Cyprus Company Formation

Why should I prefer a Cyprus Company?  A Cyprus company is the most powerful tool for low taxes. Only 12.5% corporate tax. Vat Registration Number in 48 hours!  Our Firm offers excellence, professionalism and personal services since 1979!.Our fees are client friendly. We offer you full legal support for all your needs. We make it simple and fast for you. See below a few quick bullet points for the Cyprus company formation:

  • Cyprus Company Formation in 4-5 days. Fast and simple.
  • Reasonable and client friendly fees. No Hidden Costs!
  • Your presence is not required. All is done remotely.
  • Operate from your country. No need to be in Cyprus.

  • We can open a Bank Account for your company very fast.
  • Enjoy big Tax Advantages.Only 12.5% corporate tax.
  • Changes in a few days. New documents same day!
  • Low yearly fees and costs, depending on your operations.

Frequently Asked Questions

By the Cyprus Company Law, Cap 113 and the general legislation or the Common Law principles there are no restrictions at all as to the Real Owner of a Cyprus Company. Any physical person from any country and of any nationality if he is of age and not a bankrupt can be the Owner Shareholder 100% of a Cyprus company. Also any legal entity such as another company, or Trust, or Foundation or any form of legal entity such an LLP etc can be the Owner Shareholder of a Cyprus Company.
There is peculiarity on this issue. You can be the Director of your company of course but the rule is that for your company to be Tax Resident in Cyprus and benefit of the very low taxes, the management and control of the company must be in Cyprus. That means that the director must be residing in Cyprus. What can you do? You can appoint a Nominee Director i.e. a local person to act as Director on your behalf. Our Firm offers Nominee Director services. Ask for details.
There are two addresses you may have. One is the Registered Office Address. This required by the Company Law to be in Cyprus. This address is only useful for the notification of official letters or other communications to your company by the Registrar of Cyprus Companies, the Tax Office, the Vat Authority, any other Cyprus Authority and by any third parties who need to officially communicate something to your company and to you. This address is not the Business Address of the company and you may not use this address on the official documents of the company such as invoices, website, letters, business cards etc. If you need such a business address we offer Virtual Office Services. Please visit our relevant article or ask for details.
You may suggest a name of your liking or choose a name from our list of pre-approved company names. It`s free. If you suggest your own name it will have to be approved by the Registrar of Cyprus companies. It takes generally about 5 days for its approval. The name must not contain any offensive words, illegal content, must not be identical or similar to other names in the records of the Registrar and must not appear on the internet as the name of any other person worldwide.
A Cyprus company has very low yearly maintenance costs compared to most EU countries. The main services required for it are the Registered Office Address, the Registrar renewal fee, the filing of HE 32 document and the filing of the yearly Financial Statement. If you use the services of a Nominee Director of course then you will have to pay his yearly salary. Finally must keep in mind that your company must file audited accounts every year and file vat declarations on a quarterly basis. Ask for details to get a full picture. These fees are much lower than in any central European state.

Cyprus Company Formation – It`s Simple!

Cyprus company formation: Our Firm is one of the oldest Law Firms in Cyprus. We can have the expertise to make your company formation fast and simple for. No fuss. No time wasting. Our Firm has been incorporating companies since 1979!

We can form your company in your absence. There is no need to be present in Cyprus in order to form your company. We can do everything by email and courier. Save your time and money! 

We offer competitive fees. And there are no hidden costs. Our fees are client friendly and competitive while at the same time you get highly professional services. Email us today for a quote! 

We also offer all Nominee services i.e. Nominee Director and Nominee Shareholder for full confidentiality and tax residency of your company plus Nominee Secretary. The Nominee Persons we offer you are specially trained and they have the experience to assist and support you in your business fast and effectively.

We can complete your Cyprus company formation in about 6 working days, after approval of your company name by the Company Registrar. You may choose any name you like to submit for approval or choose a name from our pre-approved company names list for saving time. A name will be approved by the Registrar of Cyprus Companies in about 4 tp 5 days!

Get a Bank Account with your company formation. A Cyprus company can get a bank account in any country it chooses. Our Firm is well connected in the Banking sector and can offer you a fast and fuss free bank account for your company either in Cyprus or abroad!     YOU CAN GET A BANK ACCOUNT IN YOUR ABSENCE!

Full Accounting and Auditing services on the formation of your Cyprus company which includes Bookkeeping, Accounting, VAT  declarations filing, Audit and Filing Yearly Accounts. Our Firm also offers you full financial advice and tax optimization schemes. 

EU VAT NUMBER IN 3-4 DAYS!  We can get you an EU VAT NUMBER in 4-5 days!  On the registration of your company at the VAT Authority a Cyprus vat registration certificate in Greek is issued. That is sent to you in the company Kit.

All this and much more make the Cyprus company the perfect tool for your international tax planning, You can achieve tax reductions and achieve your targets.

Cyprus Company Registration is a term also  popularly used for  the formation of a company, although technically it is the act of the Registrar to register your company in the records of the Registrar of Companies and issue your company certificates.

What is an Offshore Company? A company in Cyprus is also called an offshore company because it offers great advantages to foreign investors trading offshore and not in Cyprus. See the difference between an international company and a local tax resident company by following this link:   Cyprus Offshore Company.

Advantages of Cyprus Company Formation – Tax Benefits

See below some of the major tax and other benefits of a Cyprus company:

  1. Only 12.5% corporate tax!
  2. 0% tax on the dividends paid out to its shareholders.
  3. Only 2.5% tax on revenues from intellectual property rights.
  4. 0% tax on dividends received from subsidiary companies all over the world.
  5. 0% tax on any profits made by trading in its own shares or shares of other companies or other securities such a forex, bonds, debentures etc.
  6. Business bank account in only a few days after its incorporation.
  7. The company in Cyprus on its formation, can be logged with the vat authority in 2-4  days.
  8. It is an EU company and it enjoys respect all over the world. It is not blacklisted in any country. Cyprus is a low tax jurisdiction and not a no tax, tax haven.
  9. After its registration in Cyprus a company enjoys capital gains tax exemptions on sale of immovable properties or other assets, abroad.
  10. No contract stamp duties in many occasions.
  11. A Cyprus company pays no tax on profits from permanent establishments abroad!
  12. Read More

Types Company in Cyprus

Any physical person of age and any legal entity irrespective of nationality can own a company. A company in Cyprus is also called an IBC, or Cyprus IBC which means a Cyprus International Business Company. Follow this link if you want to read more about a Cyprus IBC.

The most common Cyprus company used is a private limited liability company limited by shares, and of course as the name suggests it is of limited liability. That means that its members ( the shareholders) of the company are only liable to the extent of the value of the shares they own in it. The creditors cannot confiscate the personal assets of the shareholders to satisfy debts of the company.

However the law in Cyprus allows for the formation of other types of legal entities too such as:

  1.  A private company limited by guarantee.
  2.  A private exempt company.
  3.  A partnership either general or limited.
  4.  A public company limited by shares.
  5.  Cyprus sole proprietorship (Law , Cap 116).
  6. A non-profitable organization.
  7. A Cyprus local or offshore or international trust.
  8. A club.

If you want to read more about company formation and the Cyprus company generally Cyprus Company Incorporation is a very interesting article full of technical information.

 

Services Available After A Cyprus Company Formation

1. Nominee Services-Full Anonymity

Our Firm will provide you with the services of qualified, professional and honest Nominee Director and Secretary to satisfy the legal requirements of your company and to enable you to benefit all those tax advantages when your company is tax resident.

2. Nominee Directors

  • Who can act as a nominee director?
  • What powers does he have according to the legislation?
  • Can he harm my interests? How can I restrict his powers?
  • How can I take over his powers?

A Cyprus company can have as many directors it needs. The minimum is one director. There is an answer to all your questions. Let’s take them one by one. Any male or female person of sound mind and of age, who has not declared bankruptcy, can be appointed to act as a nominee of any company in Cyprus. 

The directors can exercise all the powers as those are provided for by the memorandum and articles of association on the Cyprus company registration! 

3. Nominee Shareholders

A Cyprus company can have 50 shareholders maximum and one minimum. A nominee shareholder is usually appointed to provide confidentiality for the real owner of the company. He is a person whom we will use to be the shareholder, in each case that the beneficial owner needs to keep his anonymity. This person again, is one who is closely associated with our firm, and the real owners are persons of the utmost trust, integrity and honesty.

4. The Secretary

A Secretary is appointed as required by the Company Law. A company can have one or more secretaries. Here again, the same questions can be asked for the nominee secretary, as for the other nominees. Again for confidentiality reasons a nominee secretary is appointed. A nominee secretary does not have many. A nominee secretary`s participation in the day to day and the serious running of the business is minimal and peripheral. His powers are formal. 

 

 

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