The Cyprus Companies Law has recently introduced new amendments that apply to companies incorporated in Cyprus. With new changes, Cypriot […]
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The Republic of Cyprus is a Mediterranean country that offers a fantastic quality of life alongside with its attractive business opportunities. It is an emerging destination for the development of your business due to its cost-effective registration and operation services, favourable tax regime, highly-skilled employees as well as tax benefits for high-earning managers and high net-worth individuals.
Below we briefly discuss essential points on how to register a company in Cyprus and benefits that you enjoy from doing business in Cyprus.
The cost of company incorporation in Cyprus is Euro.
If you have any questions or problems at any stage of company formation in Cyprus, please feel free to contact us.
Cyprus offers a modern and transparent tax system. Resident companies enjoy numerous tax benefits based on the Cyprus double taxation treaties with over 55 countries. To be considered as a Cyprus tax resident, a company shall maintain management and control in Cyprus. These double taxation treaties allow to offset (deduct) taxes paid in one of the states from income that is taxable in another state; tax exemptions or reduced withholding tax rates in relation to various types of income; obligations on the mutual exchange of tax information, etc.
Cyprus is also a party to the Convention on Mutual Administrative Assistance on Tax Matters 1988 and Multilateral Competent Authority Agreement on Automatic Exchange of Financial Information (MCAA).
Companies in Cyprus pay one of the lowest corporation taxes in the EU, which makes this jurisdiction highly attractive for companies. In this article we would discuss existing business taxes and its rates in Cyprus in more detail.
As in other jurisdictions, a liquidation of a company in Cyprus can be done voluntary or involuntary. The term and cost of liquidation depends on certain aspects. Dormant companies can be simply dissolved. In case a company has debts, the formal liquidation procedure shall be followed which takes a few months.
The Cyprus Companies Law has recently introduced new amendments that apply to companies incorporated in Cyprus. With new changes, Cypriot […]
Read more