Cyprus Company Registration – June 2022
Cost of Cyprus Company Registration. Who can register a company in Cyprus? How Long does it take? Is the registration of a company easy? Do I have to be in Cyprus? Can I get a Bank Account with my company? What is the corporate tax on my profits?
1.Who can be the owner of a Cyprus company? Any physical person of 18 years or over and who is not in bankruptcy can own a company in Cyprus. His nationality or gender, or wealth or profession are not relevant. A legal entity also such as another company registered in any other country can be the owner of a Cyprus company.
2. Who can be the Director of a Cyprus company? Any person who is over 18 years, not a bankrupt, regardless of nationality can be a Director of a Cyprus company. A legal entity can also be a Director , such as a company registered in Cyprus or any other country.
3.Regarding other questions about the Capital, the Secretary, Registered Office, Taxes , Vat etc. our article on Cyprus Company Incorporation will give you many answers. Just follow the link.
Benefits of a Cyprus Company in 2022
A Cyprus company offers you many tax, legal and administrative advantages as follows:
- 12.5% corporate tax on its net profits.
- 0% tax on any revenues from trading in securities such as shares etc.
- 0% tax for all profits from the sale of real estate abroad.
- 0% tax on dividends paid out to the shareholders, as frequently as you like.
- 0% tax on any dividends paid to it by any other company in which it holds shares.
- 0% stamp duty in many occasions.
- 0% tax on profits of permanent establishments abroad, such as hotels, casinos, restaurants, factories etc.
- 0% tax on any income from selling its own shares.
- 2.5% tax on IP rights, revenue or rights.
Cyprus Company Registration Procedure for 2022
Choose a name for your company. It has to be unique. It must not be the same as some other one in the records of the Registrar and it must not appear on the internet as the name of any other company in any country. It must not also contain any indecent or illegal words.
Declare how much capital you want to issue when registering your Cyprus Company. The minimum is one Euro and there is no maximum.
Appoint a Director is. You can be Director yourself or any other person or you may use a Nominee Director from our office so that your company is Tax Resident in Cyprus and can benefit the low tax rate.
Appoint a Secretary of your Cyprus Company. By the Cyprus Company Law, Cap 113, every company has to have at least one secretary.
The Shareholder also must be declared in a Cyprus Company Registration process. The Shareholder is the Real Owner of the company. There can be up to 50 shareholders in a Cyprus private company.
Cyprus Company Registration with Tax and Vat
Thus the Cyprus company registration process is over and the company is ready to begin trading. Your company must then be registered with the tax authority to secure the TIC number. Companies going to carry out any trading in the EU region must also be registered with the vat authority too.
Full Nominee Services
Cyprus Company Registration: Our firm offers full nominee services for your company. You can get a nominee Director or a Nominee Shareholder. For more info on nominee services please see Nominee Services. For the Cyprus Company incorporation procedures see Cyprus Company Incorporation.
He needs to assign some jobs to other people. A good businessman is the one who will use assignment of labor effectively i.e. by using the right person for the right job. In Cyprus company registration a nominee person is the right person to represent a businessman in the formal execution of the chores in running the company. He can assign to them as many or as few jobs and authorities as he needs to, or as he feels safe to.
Easy Bank Account
When the Cyprus Company Registration procedures are fully completed, our Firm will open a Bank Account for your company. Such bank account can be in Cyprus or in many other countries. We have been offering banking services to our clients for decades now with a rate of success of over 98%. Your bank account will offer you internet banking, visa card, multi-currency account at no extra cost, no minimum deposit terms, no restrictions on transfers, minimum documentation, opening in your absence and more. If you want to read more about a Cyprus Bank Account please follow this link.