Why should you register a company in Cyprus?
Cyprus is one of the best company jurisdictions in planning your tax and other
business matters, in an efficient manner to conduct legal business transactions on an international level while complying with EU directives and legislations as well as conforming to OECD’s tax standards.
With nearly 20 years of experience in the Cyprus company registration field, our professional team provides an extensive range of services, covering our clientele’s needs with an extensive range of solutions.
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What we can οffer
The Advantages of a Cyprus Company
Its strategic geographical location, positioned at the crossroads of Europe, Africa and the Middle East as well as being an EU member state since 2004, contribute in making Cyprus a stable and secure choice amongst business people. Furthermore, Cyprus provides tax incentives to international businesses, maintains an extensive tax treaty network, offers advanced professional services and is an ideal destination for both families and businesses.
- Corporate tax rate is 12, 5% on profits (one of the lowest rates within the EU)
- The Cyprus legal framework is based on the English common law, known worldwide for its credibility and transparency in business practices
- Dividends owned by Shareholders are not subject to tax under the condition they are not Cyprus tax residents
- Cyprus Double Tax Treaty network is extensive
- The Cyprus VAT rate is 19%
- There is complete freedom of movement of foreign currency that permits businesses to maintain a bank account in foreign currency in any jurisdiction
- Losses incurred by a Cyprus company can be carried forward to the following year
- Cyprus Companies are EU Companies accompanied by all their advantages and credibility
Procedure for Registering a Cyprus Limited Company
The applicant must first select the name of his/her company. To avoid similarity with other Company names, the applicant must propose at least three options in Greek or Latin characters. The word Limited (LTD) will be added to the end of the company name.
After the company name has been approved the applicant must present a detailed report of the company activities, the initial shareholders, the amount of the share capital, the company regulations etc., in order to prepare the Memorandum of Articles and Association.
According to the law, every company must appoint at least one Shareholder. The Shareholder can either be an individual or a legal entity.
By law, every Cyprus Limited Company is required to appoint at least one Director and one Secretary. It is advised that most of the Directors be Cyprus Residents or individuals permanently residing in Cyprus so as to benefit from the low tax rate of 12, 5% due to the fact that management and control of the company will occur in Cyprus. It is also recommended that the appointed Secretary is a Cyprus Resident for practical reasons such as instant signing of company documents.
The Registered Office of the company must be located in Cyprus and thus, have a Cyprus address.
Michael Kourouklas Partner
I consult and aid potential clients to register their companies in Cyprus.
Do you have any questions?
We are at your disposal.
Call: +357 22 750900 or SEND MESSAGE
K.P.S. Services Limited
30 Costa Anaxagorou Str. & Limassol Ave.
Office 101
2014 Nicosia, Cyprus
T :+35722750900
Fax :+35722750902