Cyprus – prominent hub for businesses located in EU
12,5% corporate tax rate (one of the lowest corporate tax rates in EU) is the obvious advantage for choosing Cyprus as EU location for company registration. Due to this tax rate Cyprus is often referred to as European tax haven. While it is not zero, with numerous further exemptions and incentives, it can further be reduced to as low as 2.5%.
Over the past three decades Cyprus has systematically and rapidly grown into a prominent business hub located in Europe. Being a full member of European Union and Eurozone, Cyprus further benefits of its location. The perfect location in Eastern Mediterranean, close to the Middle East and North Africa for Cyprus plays a role as a significant shipping hub.
Cyprus offers many advantages, amid the tax advantages, legal system, access to market Cyprus is also a great place to live.
Cyprus LTD companies
Cyprus LTD (Limited Liability Company) is the most popular form of company in Cyprus chosen by foreign investors form within and outside of EU.
Cyprus companies require only one director and one shareholder, registered office and secretary, overall setting up company in Cyprus is quiet straight forward. Online order form makes it easy to place order for Cyprus company formation. Similar as other jurisdictions Cyprus offers new company registrations, approved name companies and off-the-shelf companies. Whilst new company formation can take form 1-2 weeks, off-the-shelf company can be transferred to the new owner practically instantly, providing that due diligence documents are received and approved by compliance manager and payment is received.
Knowledge base, is a great resource to refer to in order to understand some details, such as, if the company director can be non-resident, does the company needs to have initial paid up capital, must the company have bank account in Cyprus, what are the annual duties etc.
Our Services in Cyprus
Fidesta offers a wide range of services. While our core services are Cyprus company structuring and registration, management and annual assistance with accounts and audit, we also provide tax advice for more complex structures, assistance with permanent residence application process, assistance with special licensing process via CySEC for licensed activities, such as forex trading, investment, fund and fund management and other types of licenses.
For more information contact our Fidesta Ltd office in Cyprus:
Office 401, 4th Floor Strovolou 77,
Strovolos Nicosia 2018
Telephone: +35722818018 Fax: +35722818025
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