During recent times Cyprus has introduced considerable changes to its Company Law (Cap 113) and relevant regulations render the area a beautiful jurisdiction for most international businesses to conduct their activities via various Cyprus legal entities.
Learn more here about forming company in Cyprus
The subsequent legal corporate forms could be conducted in Cyprus:
Businesses may also be conducted through other legal forms including partnerships and trusts, business names and sole proprietors. The typical corporate tax rate for companies that are registered in Cyprus is 12.5%, one of the lowest rates in Europe. The VAT rate is 19%, but there is a reduced rate for certain products and many goods and services also hold a zero VAT rate. There is absolutely no withholding tax on the dividends paid by a Cyprus company to its non-Cyprus resident Shareholders, with no withholding tax relates to dividends received from EU subsidiaries.
Cyprus private companies limited by shares must have one or more Director, one Shareholder along with a company secretary. A Cyprus company must furthermore have a registered office. An authorised power of attorney or company company is capable of doing the registration procedure.
These information will likely be required:
These forms should be filled out and submitted accordingly:
Following the following information has become received through the Registrar of Companies, the business will be officially registered. The entire process takes approximately one month in total.
Learn more here about forming company in Cyprus
The subsequent legal corporate forms could be conducted in Cyprus:
- Cyprus Company (private limited company, public company, company limited by guarantee).
- Branch of the foreign company.
- Re-domiciliation of any foreign company.
- Societa Europea.
Businesses may also be conducted through other legal forms including partnerships and trusts, business names and sole proprietors. The typical corporate tax rate for companies that are registered in Cyprus is 12.5%, one of the lowest rates in Europe. The VAT rate is 19%, but there is a reduced rate for certain products and many goods and services also hold a zero VAT rate. There is absolutely no withholding tax on the dividends paid by a Cyprus company to its non-Cyprus resident Shareholders, with no withholding tax relates to dividends received from EU subsidiaries.
Cyprus private companies limited by shares must have one or more Director, one Shareholder along with a company secretary. A Cyprus company must furthermore have a registered office. An authorised power of attorney or company company is capable of doing the registration procedure.
These information will likely be required:
- The address and passport specifics of the proposed Secretary and Directors of the company.
- The proposed registered address from the company.
- A utility bill to act as evidence of residency.
- A recently available bank reference letter/statement.
- The proposed business address from the company.
These forms should be filled out and submitted accordingly:
- Declaration of company incorporation.
- Registered company office address.
- Details of the Secretary, Shareholders and Directors.
- Memorandum and Articles of Association.
Following the following information has become received through the Registrar of Companies, the business will be officially registered. The entire process takes approximately one month in total.