Country: Cyprus
Language: Greek though English is widely spoken.
Population: 788,000
Details of Cyprus International Company:
- Permitted to have only one subscriber
and thereafter only one shareholder.
- Permitted to have only one director.
- Directors can be corporate or individual
and need not be local resident.
- Director and shareholder can be same person or same corporate entity.
- Requirement for company secretary (cannot also be sole director).
For practical purposes,
the company secretary would be resident in Cyprus.
- Meetings of directors or shareholders may be held in any country.
- Public disclosure of directors, secretary and shareholders.
Beneficial ownership is not in the public domain.
- Requirement for audit and to file accounts and annual returns
(arrangeable through Turner Little).
- There is a uniform 10% Corporation Tax Rate on all Cypriot Companies
though if the Cypriot Company has Non Cyprus resident directors
and beneficial ownership, the tax residency of the company
will not be in Cyprus and the 10% tax rate will not apply.
- No withholding tax on dividends, interest and royalties
paid by a Cypriot company to a non-Cypriot resident Company or Individual.
Can result in a no tax situation.
- Exemption from CGT on any capital gain earned outside Cyprus.
Can result in a no tax situation.
Banks:
Offshore baning is available in Cyrpus, details of which are available on request.
Costs
| Incorporation |
£750 one off |
essential |
| Corporate Structuring |
£450 one off |
| Company Secretary |
£200 annual |
| Corporate Domicile |
£450 annual |
| Nominee Resident Director |
£400 annual |
optional |
| Nominee Beneficial Owner |
£400 annual |
| Corporate Bank Account in Cyprus |
£nil |
|
All prices quoted are exclusive of VAT.
View the map of
overseas jurisdictions.
Order a
Cyprus Offshore Company.
