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: