Set up your business in Cyprus
An excellent European option for international trade.
Favourable Tax
Legislation
Key benefit of a Cyprus corporation – 12,5% corporate tax rate – the lowest in Europe.
Double Tax
Treaties
Companies registered in Cyprus benefit from the double taxation avoidance treaties.
International
Trusts
Investors can retain their anonymity and hold their property under an international trust.
Why Register a company with us?
Looking to Open a Company? We make incorporating a company as easy as possible, so you can focus on the important things.
We have a full suite of startup services, like banking, bookkeeping and tax planning consultancy, which means Eurofinanzza not only helps you get started, but supports you in your continued success as your one-stop shop. Start your Company set up today!
Tell us about your
business
We’ve taken the complexity out of forming your business company. Our online form can be completed in less than 10 minutes.
We take care of the
paperwork
Based on the information you provide, we prepare all required documents and file them directly to the appropriate entity.
Receive your
documents
Once your incorporation documents have been approved by the state, you’ll receive your completed company package by email.
Some Banking Options
Steps for Company formation in Cyprus
For those looking for a sound solution to international developments.
There have been huge developments on many different fronts, from FATCA to CRS and from BEPS to “deoffshorisation” and to the substance-related amendments in the Parent-Subsidiary Directive plus the introduction of the fourth EU AML Directive with its requirement for registries of beneficial owners, to name but a few. Concepts such as substance, transparency and compliance are having a prominent role in the new era of international investments and business operations. It makes the Company set up in Cyprus smooth.
Concepts such as substance, transparency and compliance are having a prominent role in the new era of international investments and business operations.
International trading company in international Tax Planning
Cyprus International Trading Companies
New Tax Legislation
A uniform 12,5% corporate tax rate, applicable to the worldwide income, is now levied on all resident companies. This is the lowest corporate tax rate in the European Union and thus the most advantageous standard rate of corporation tax for Cyprus.
The new taxation status on Company is residence-based. A company is only ‘resident in the Republic’ if its business is centrally managed and controlled in Cyprus. Therefore, under the new rules, a resident corporation is taxable on its worldwide income accrued or arising from sources both within and outside Cyprus if it is managed and controlled from Cyprus.
In view of the new tax legislation, also its Holding International Business Companies operating from Cyprus are now in a much more beneficial position because they can enjoy the benefits deriving from the tax exceptions as well as the corporate tax benefits by virtue of the new tax legislation. This is why setting up an Offshore company in Cyprus can be easier.
Cyprus Limited Liability Company
Cyprus is a member of the European Union and is situated in the Eastern Mediterranean, lying at the hub of 3 continents and close to the busy trade routes linking Western Europe with the Arab World, Africa and the Far East. The legal system is based on the English common law.
The national currency is the European currency which is the Euro. The official languages are Greek and Turkish, while English is widely used within the business environment.
The Cyprus resident vs. non-resident company
Tax Resident Company
A tax resident company is a company whose management and control is exercised in Cyprus. Hence the majority of directors must be in Cyprus. It pays 12,5% tax on its worldwide business profits (5% on interest income, 0% on dividend income). It can claim relief under the Cyprus double tax treaty network.
Non-Resident Company
A non-resident company is a company where the management and control is exercised outside of Cyprus. Hence the majority of the directors must be outside Cyprus. A non-resident company is taxable at 0% on its worldwide income. Any income generated in Cyprus is taxed at 12,5%.
Company compliance
Authorised and issued share capital
Classes of shares permitted
Financial statements required
Directors
The minimum number of directors is one. They may be natural persons or bodies corporate, be of any nationality and need not be resident in Cyprus.
Company Secretary
All Cypriot companies must appoint a company secretary, who may be a natural person or body corporate. It is advisable to appoint a resident company secretary.
Shareholders
The minimum number of shareholders is one.
Register your Company today!
All our Consultancy and Advisory services are completely FREE!