Cyprus Offshore Company

About Cyprus

Cyprus is the third largest island in the Mediterranean. The island is located in the north-eastern end of the Mediterranean Sea. Cyprus is ideally located at a crossroads, linking Europe, Asia and Africa. Cyprus is readily accessible by air and sea, with major port facilities available.

With 12.5% corporate tax, Cyprus is one of the lowest non-offshore tax jurisdictions in the European Union. Although not a full tax haven, it offers a host of other financial advantages and benefits to companies and individuals. Cyprus enjoys excellent infrastructure, international accounting firms, legal practices, banking, a highly educated and multilingual workforce, as well as appropriate government regulations and a general policy of non-intervention in business operations.

Cyprus has solid geopolitical and trading relationships with key global markets, which, together with an ideal geographical location, puts it in an excellent position for investment into neighbouring markets; including the EU, Europe, Russia, CIS, as well as the Middle East and North Africa.

Benefits of Setting up an Offshore Business in Cyprus

  • 5% corporate tax on net revenues
  • No tax on the dividends paid out to its non-resident shareholders
  • 5% tax on revenue from intellectual property, such as patents, trademarks, books, music, sports rights, films etc.
  • No tax on dividends received from subsidiary companies all over the world
  • Corporate bank accounts available
  • Companies in Cyprus are respected as an EU company
  • Capital gains tax exemptions on sale of immovable properties abroad
  • No contract stamp duties
  • No tax on profits from permanent establishments abroad

Key Corporate Features

Type of CompanyPrivate
Type of LawCommon
Shelf company availabilityYes
Time to establish a new company3 days
Minimum government fees (excluding taxation)€350
Corporate Taxation12.5%
Double Taxation Treaty AccessYes
Share capital or equivalent
Standard currencyEuro
Permitted currenciesAny
Minimum paid up€1,000
Usual authorised€1,000
Minimum numberOne
Local requiredNo, but advisable for purposes of tax residency
Publicly accessible recordsYes
Location of meetingsAnywhere, but Cyprus advisable for purposes of tax residency
Minimum numberOne
Publicly accessible recordsYes
Location of meetingsAnywhere
Company Secretary
Local or qualifiedNo, but Cyprus advisable for residency and compliance
Requirements to prepareYes
Audit requirementsYes
Local AuditorYes
Requirements to file accountsYes
Publicly accessible accountsNo
Recurring Government Costs
Minimum Annual Tax / Licence FeeNot applicable
Requirement to file annual returnYes
Change in domicile permittedYes

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