Formation Company & Tax Advisory

Wednesday, April 25, 2018

Set-Up Cyprus Company

societa ciproCyprus is an island in the Mediterranean Sea. The official languages are Greek, Turkish and English. English is widespread and widely used in commerce, finance, industry and the Government.

This Country has been a member of the European Union since 2004 and it was subjected to a significant economic growth in the past as well as a financial crisis, however it is still a major international financial center. For these reasons an Off-Shore Company established there takes advantage from European benefits and a more affordable tax rate than in other EU Countries after its establishment - Establishing Cyprus Companies.

A Cyprus Company is ideal for:

  • Managing a holding company.
  • International trade.
  • E-commerce.
  • Protecting intellectual property.
  • Managing rights and/or royalties.
  • Protecting real estate and goods.
  • Dealing with the stock exchange and forex.
  • Taking part in other companies.
  • Registering ships and/or boats.
  • Managing succession and inheritance.

Main features of a Cyprus Company are:

  • Names of members part of the company are detected from the Registry of Businesses.
  • Allowed to protect their privacy through specific means.
  • High degree of anonymity and privacy.
  • Obligation of accounting and tax return must be submitted each year.
  • Tax rate for corporations is 10%.
  • Stable jurisdiction with excellent credit.
  • Good media.
  • GMT +2 Time zone.
  • Common Law as its applied Law.
  • No minimum capital must not be paid
  • Bearers securities are allowed.
  • The manager and the Shareholder may be the same Individual and/or company.

BBC-LLP offers a first advice for free - First Meeting*.

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