Organizational Structures for International Business
Organizational Structures for International Business are companies or branches registered under Cyprus Law whereas the legal owners of these companies / branches are not permanently residents in Cyprus. This particular industry sector is the so-called the “cornerstone” of the Cyprus economy. Cyprus Law and Cyprus Tax Law encourage even more foreign entrepreneurs to set up a Cyprus company for many important reasons.
Having a Cyprus company belonging to a non-Cypriot permanent resident, may enjoy special taxation privileges. Cyprus has the lowest corporate tax rate in Europe 12.5%, as well as a wide network of double tax treaties that Cyprus has signed with more than 40 countries.
There are four types of businesses that can be incorporated in Cyprus:
- A limited liability company
- A general or limited liability partnership
- An International Branch of a foreign organization
- A listed company in the Cyprus Stock Exchange
Most International Business Companies are limited liability companies and only a small fraction of them, are partnerships or branches because, in essence, their legal status and financial liabilities are the same to those of the beneficial shareholders.
Why Cyprus can be your next business destination:
- Turning tax into investment
- Strategic location
- Member of EU
- Favorable taxation system
- Double Tax Treaties
- Low set up and operating costs
The main attraction and/or incentive for incorporating a company in Cyprus is the corporate tax which is the lowest over the EU. Therefore you need a tax expert, who can design for you a tax structure suitable for your needs, following your requirements.
Cyprus offers an approachable business environment for those who are interested in setting up business on the island. Foreign investors are treated as local citizens with equity participation of up to 100% in any company.
Foreign investors can register a company via the Registrar of Companies. There are no exchange control regulations, so both residents and non-residents may hold and manage assets and liabilities in any foreign currency.
PHS corporate associate can help you identify the right legal structure for you and your future business. In addition to this, nominee services, such as nominee director, secretary, shareholder can be appointed, as well as a registered office address to be registered on behalf of the international company. Real substance services are also available for those who want to have a fully fledge office along with the appointment of personnel.
The nominee services are complied with the Cyprus Bar Association which is one of the regulators in Cyprus.
In addition to the above, PHS professional tax experts should get involved in order to provide you with the best tax effective solutions. All our tax solutions are tailor-made to your specific requirements. The main goal of our professional tax experts is to Turn your tax into Investment.
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At PHS & Partners, we pay the highest attention to every case and need through personal approach in helping companies and individuals.
Let us know how we can help you achieve your goals and targets.