Cyprus Offshore Company – Tax Benefits – May 2022

Updated 17th of May 2022


What is a Cyprus Offshore Company?  How can is set up one? How long does it take to register it?  Can anyone get a Cyprus company?

Setting up a Cyprus company is very simple. Get in touch with us and begin the process. Your presence is not required. The documents you need are few. Your passport, a utility bill or proof of address and your CV are enough. Then choose the name of your company. We will send you by email the documents we need signed. You download sign and return to us by courier. In about 6 days your company has been registered. Simple, fast no fuss! Trust the experts.


Tax and Other Benefits – May 2022


A Cyprus Offshore Company can offer you terrific tax cuts on your tax bills. By setting up an offshore company you have two options. To create a tax resident company and pay 12.5% corporate tax in Cyprus or to create a non tax resident company and pay no taxes at all in Cyprus.  If your company is non tax resident you will have to declare your income in your country of residence.  You will thus pay taxes there, thus losing the benefit of paying low taxes in Cyprus. Cyprus has also an extensive network of Double Tax Avoidance Treaties.

When your company is a non tax resident you don`t pay any taxes in Cyprus. You do however have to declare your profits as income in your country of residence!  A company is tax resident in Cyprus when the management and control of the company is in Cyprus. For that to happen you need to have a Director who is permanently living in Cyprus, the so called Nominee Director! Email us or call for more details on the Nominee Director.


What Exactly is A Cyprus Offshore Company?


A Cyprus offshore company is a common private limited liability company. There is no legal difference at all between the two. It is called offshore because it usually operates `offshore` Cyprus. It does not trade within the country because it would pay normal taxes if it did.


So an offshore company, an IBC, a holding company, a trading company and an investment company are all exactly the same legal entities. Only their activities differ.   You can have your Offshore Cyprus Company completed in about 5 working days. It offers you low fees and many other incentives such as 0% tax on dividends paid to the Shareholders and 0% tax on dividends paid to it for shares it owns in other companies.  Cyprus Company Formation.

Follow this link to see the numerous advantages of a Cyprus Offshore Company if it is used as a holding company: Cyprus Holding Company.

 An Offshore Cyprus Company   is another article which provides you with a lot of information. Follow the link to read it.



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