Registration of a company in Cyprus

Cyprus is very popular among investors from all over the world. Despite the fact that businesses there are subject to a 12.5% ​​income tax, this is one of the lowest tax rates in Europe.

This jurisdiction lost its offshore status in 2004. To register a company, it must include at least one resident of Cyprus. Nominee service is also allowed in the country.

The most common form of ownership is a limited liability company (Ltd.).

Advantages:

• The possibility of using a nominal service;
• Stable banking system;
• Exclusion of double taxation;
• Low income tax;
• European jurisdiction, not included in the list of offshore zones;
• Special conditions for those who work with the USA;
• There is no currency control.

Taxes in Cyprus:

• Corporate tax – 10% (excluding trading in securities, income from the sale of corporate rights, and dividends);
• The standard VAT rate is 19%;
• Reduced rates – 9%, 5% – depending on the type of activity and turnover of the company;
• A zero VAT rate applies to a number of goods and services defined by law, such as the supply of some medical goods, most banking and insurance services;
• Tax on interest received from non-core activities – 30%.

Prices:

Company registration – 2 400 EUR;

Nominal service – 1 500 EUR;

Opening a bank account – 800 EUR.

If you have any questions or would like to order a service, contact the specialists of White and Partners for a detailed consultation or an individual calculation of the service by following this Link.