Cyprus Company

Efficient Company Formation in European Cyprus

Cyprus Company Formation


Being at geopolitical crossroads, Cyprus enjoys a European political outlook and the lifestyle of a Mediterranean island – which along with its favorable tax regime make Cyprus, the jurisdiction of choice for investors and entrepreneurs. Cyprus has been a member of the European Union since 2004, and a Eurozone Member since 2008.

Cyprus companies benefit from the reputation of an EU jurisdiction with cost effective set up fees, as well as highly optimised tax rates.





Country Highlights

DOUBLE TAXATION TREATIES: 60 incl. Canada, Russia and China TIME ZONE: Eastern European Time Zone (UTC+02.00)
LEGAL SYSTEM: English Common Law CURRENCY: Euro €
THIN CAPITALISATION RULES: None EU MEMBERSHIP: Full Member, all EU Directives applicable
CFC RULES: None LANGUAGES: Greek, Turkish, English


Legal Basis

Cyprus Companies are incorporated in terms of Chapter 113 of Cyprus Company Law, which is based on the English Companies Act of 1948.

A Cyprus company may be a company limited by shares, or limited by guarantee - and could be either a private or public company. The private company limited by shares is considered to be the most popular structure.

Partnerships and charitable purpose organisations can also be established under the laws of the Republic of Cyprus, however - such, are governed by other legislation.


Benefits

  • Fast 8 days Process;
  • Option of 100% foreign ownership;
  • Dividends to a Cyprus resident Co: Tax exempt;
  • Cost effective set up fees;
  • Corporate tax: Amongst the lowest in the EU.


Eligibility

  • Minimum of 1 shareholder;
  • Minimum of 1 director & 1 company secretary;
  • Cyprus Registered Office;
  • Company Formation documents;
  • No restrictions on initial share capital.


Process & Timeline




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