As you already know Cyprus has the best Corporate Tax system in Europe and one of the most straight forward Corporate Legal system.
But something tells me that you are not part of it and you want in.
If not let me explain you,
Why You Should Register a Company in Cyprus
Business-Friendly – some of the lowest Corporate Tax in Europe – 12.5% on its net revenues.
Dividend participation exemption. No withholding taxes on dividend, interest and royalty payments abroad.
Personal tax exemptions for new residents and non-domiciled individual. DTT with more than 60 countries.
EU company – do business in Europe or any other country in the world without any restrictions.
No thin capitalization rules, no exchange controls and no capital gains tax (except on real estate in Cyprus)
No tax is paid on any profits made by trading in its own shares or shares of other companies such as stocks, bonds etc.
Legal requirements for Cyprus company registration
a. Drafting of the Memorandum and Articles of Association in Greek/English
b. Affidavit before the Registrar of the Court confirming that all the provisions of Law were fulfilled in connection with the establishment of the Cyprus Company.
c. Preparation of the relevant Forms with the personal details of the Shareholders, the Directors and the Secretary of the Cyprus Company.
d. Preparation of the Relevant Form with the Registered Office Address of the Cyprus Company.
e. Filing of the Memorandum and Articles of Association along with the other Forms and documents with the Registrar of Companies for the registration of the Cyprus Company.
f. Filing application and payment of acceleration fees to the Registrar of Companies for the acceleration of the registration of the Cyprus Company.
g. Issuance and collection from the Registrar of Companies of the following documents:
- Memorandum and Articles of Association in Greek certified by the Registrar of Companies.
- Memorandum and Articles of Association in English certified by a lawyer.
- Registration Certificate.
- Certificate of the Registered Office of the Cyprus Company.
- Certificate of the Shareholders of the Cyprus Company.
- Certificate of the Directors and the Secretary of the Cyprus Company.
h. Conduct of the First General Assembly of the Cyprus Company.
i. >Drafting of the minutes of the First General Assembly of the Cyprus Company.
j. Preparation of the Shares Register of the Cyprus Company (maximum 1000 ordinary shares at €1 each. No need to be paid by the shareholder/UBO).
k. Preparation of the Officers Register of the Cyprus Company.
l. Round Rubber stamp
m. Drafting of the following documents, as applicable:
- Declaration of Trust signed by the nominee(s) shareholder(s).
- Letter of Indemnity of the beneficial owner confirming to the nominee(s) shareholder(s) and director(s) that he will not violate the Law or use the Company in any wrong or illegal way.
At PHS & Partners, we pay the highest attention to every case and need through personal approach in helping companies and individuals.
PHS & Partners is a leading tax firm in Cyprus, supported by a team of qualified tax experts. The firm is recognised for in-depth knowledge in Cyprus and international taxation, particularly with respect to corporate tax, personal tax and VAT.
- High quality standard of services to every company irrespective of size and type through our legal and corporate specialists.
- We enable our clients to focus on strategic issues, decisions and their most profitable core activities while we take care of all administrative tasks associated with their local companies.
- Assistance from commencing of activities to finalising monthly and year-end reporting and to meet both internal deadlines and territorial legal requirements.
Setting up a company in Cyprus or in any other jurisdiction is a hard task, especially when the beneficial owner is not a permanent resident in the country of incorporation. PHS & Partners’ experienced professionals provide clear instructions and guidance about the pros and cons of each jurisdiction, while handling every step of the process in the most effective way.
Our goal is to turn our clients’ tax into investment, and we are proud that we have successfully managed to achieve this constantly throughout the years.
Being one of the leading firms in the market, our aim is to constantly provide our clients with unparalleled quality services. Our experienced auditors provide real value to our clients businesses thus underpinning investors’ confidence.
Cyprus as a member of EU, adopted the International Financial Reporting Standards (IFRSs) for the financial accounting and reporting. At PHS & Partners we provide Cyprus entities with unparalleled quality Accounting and VAT services to comply with the IFRSs.
PHS & Partners’ consulting team offers professional services and advice suitable for every kind and size of business and individuals. Our aim is to deliver exceptional proactive consultation that adds value to our clients.
Tax investigations are complicated, intensive and require experience and knowledge. Our team of professionals will help reduce your tax and penalty liabilities by up to 75% assisting you on every step of the process.
The most important issue faced by companies all over the world is Substance.
Our team of professionals will guide and assist you through every step of the process in order to help you in the best possible way.
Since March 2014, according to the Cyprus law, the non-Europeans investing in the economy of Cyprus have the opportunity to obtain Cyprus Citizenship. PHS & Partners offers a complete service package to facilitate the submission of individual or collective investment citizenship applications.
If you want to work with professionals who provide exceptional quality standards of services in Cyprus, the simplest way is to fill in this contact form.
We will analyze your case and advice you on:
- What company structure suits you best,
- What is your best Tax solution(s) for your business,
- What Banking and cash flow arrangements available.
We will take you through a step by step process from A to Z in creating the perfect business structure in Cyprus.
Can’t wait any longer? Fill in the form and submit your inquiries make your first step and we will deal with the rest.
Become even more successful by working with accountants you can count on and be among the thousands business that already did.
If you want to work with professionals who provide exceptional quality standards of services in Cyprus, the simplest way is to fill in the contact form below.
Can’t wait any longer? Become even more successful by working with accountants you can count on and be among the thousands business that already did.