COMPANY REGISTRATION IN CYPRUS
Services |
Fees |
Incorporation of a company, incl. registration fees and dues, legal address and secretary service for 1 year, company stamp, without nominal director |
800 EUR |
Incorporation of a company, incl. registration fees and dues, legal address and secretary service for 1 year, company stamp, with nominal director and Power of Attorney for 1 year |
900 EUR |
DHL courier services |
100 EUR |
Annual support (starting from the next year) without nominal service |
350 EUR |
Annual support (starting from the next year), with nominal director and Power of Attorney for 1 year |
450 EUR |
Annual levy (starting from the next year) |
350 EUR |
Apostilled Certificate of Good Standing |
250 EUR |
Apostilled Certificate of Incumbency |
250 EUR |
Change of director/shareholder/Beneficial Owner |
150 EUR |
Preparation and submission of nil audited report for 1 year |
940 EUR |
Completive advantage key points of Cyprus Company
- Net profits of the companies who have their residence in Cyprus, are subject to tax at the rate of 12,5%, which is one of the lowest corporate tax rate within the European Union country-members.
- No withholding tax on dividends, interest and royalties declared by companies to non-resident shareholders.
- Full tax exemption on profits of companies if their management and control is exercised from outside Cyprus.
- Full tax exemption on profits derived from dividends received from abroad or from profits of permanent establishments in other countries under certain circumstances.
- Tax exemption on gains from the disposal of shares and other securities.
- Unrestricted access to all EU Directives
- 80% exemption on profits from the exploitation or licensing and gains on disposal of Intellectual property
- Full capital gains tax exemption on the transfer or sale of shares in a company, except where the company owns immovable property in Cyprus.
- A wide network of Double Tax Treaties covering more than 55 countries.
- Unilateral relief from tax in Cyprus on amounts of tax paid or withheld abroad.
- No Controlled Foreign Corporation (CFC) rules and legislation
- No Wealth Tax or Inheritance Tax
Private Limited Cyprus Company
Share Capital
- No minimum or maximum and no minimum paid up
- Can be used at a premium
Shareholders
- At least one
- Nominee shareholders permitted but nominees must be licensed
Directors
- At least one
- In certain cases director may also act as company secretary
- Can be either a physical or a legal person
- Local not required but strongly recommended
Meetings
- At least one General Meeting of the Shareholders each year, in addition to any other company meetings
- General Meetings of the Shareholders, except for the Annual General Meeting can be held via resolution in writing
Company Secretary
- Any nationality – resident highly recommended
- Can be either a physical or a legal person
Registered Office
- Required to be in Cyprus
- Corporation Tax Rate 12.5%.
- Tax residency Based on the management and control concept;
Companies tax resident of Cyprus: subject to tax on worldwide income;
Companies non-tax resident of Cyprus: subject to tax only on income arising in Cyprus. - Withholding tax on dividends, interest and royalties: None to non-residents of Cyprus (for royalties only for rights used outside Cyprus).
- Tax Rulings: Only on interpretation of Law.
- Double tax relief;
Double Tax Treaties – over 55.
Cyprus Company Tax Facts
Gains on sale of shares and other securities: Exempt from any tax (except when the shares belong to a non-listed company owning immovable property in Cyprus).
Tax Losses:
- Can be carried forward for five years / Cannot be carried backwards
- Group Relief is available
See also:
Suite 2,23-24 Great James Street, London,WC1N 3ES
Phone: +447812524249
Hours: Mon-Fri 10:00 to 18:00