Cyprus Company Formation

Worldwide Incorporation Services specializes in Cyprus company registration and opening bank accounts.
Starting at €1790
* Limited Validity Package Offer.

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Cyprus Company Formation. Cyprus Company Registration

Worldwide Incorporation Services specializes in Cyprus company registration and opening bank accounts.


Cyprus – General Information

Location: Middle East, island in the Mediterranean Sea, south of Turkey; note – Cyprus views itself as part of Europe; geopolitically, it can be classified as falling within Europe, the Middle East, or both.

Ceprus Company

Area: total: total: 9,251 sq km (of which 3,355 sq km are in north Cyprus), land: 9,241 sq km, water: 10 sq km.

Cyprus Company Formation – Overview

Advantages of Cyprus Company Formation

  • European jurisdiction
  • Advantageous vehicle for International Tax Planning and use
  • 0% tax on Dividends received (Dividends received by a Cypriot Company, on certain conditions, are free of tax making Cyprus the most competitive jurisdiction for holding companies)
  • 0% withholding tax on Dividend payments (Dividends payable by a Cypriot resident company to its foreign shareholders (whether a company or individual) are not subject to any withholding tax in Cyprus)
  • Full tax exception on the payment of dividends to its non-resident shareholders and has a real advantage over the other traditional holding jurisdictions
  • No capital gains tax is paid on the transfer of immovable property owned by a Cypriot Company abroad (outside Cyprus)
  • 12, 5% Taxation for tax resident companies.
  • Double Tax Treaties (Cyprus has signed a considerable number of Double Taxation Treaties with various countries, to avoid the double taxation of income earned in any of the two contracting states)
  • A minimum of one director is required for a Cyprus company formation. Director can be of any nationality and need not be resident, but Cypriot advisable for purposes of tax residency corporate directors are permitted
  • A minimum of one shareholder is required for a Cyprus company formation
  • Nominee Shareholders and Nominee Directors Allowed

Cyprus Company Formation. Legislation

Principal Corporate Legislation

Companies Law, Cap 113, as amended.

Type of Law

Civil with many English Common Law influences.

Language of Legislation and Corporate Documents

English and Greek.

Cyprus Company

Type of Company for International Trade, Investment & Tax Planning

Cyprus Private Limited Company.

Share Capital

Standard authorised share capital is EUR 1,000. Minimum paid up share capital is EUR 1.

Classes of Share Available

Registered shares, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Office Required

Each Cypriot company must have a Registered Office in Cyprus.

Secretary

Each Cypriot company must have a Secretary in Cyprus.

Directors
A Cyprus company requires a minimum of one director. Director can be of any nationality and need not be resident, but Cypriot advisable for purposes of tax residency Corporate directors are permitted.

Shareholders

A Cyprus company requires a minimum of one shareholder.

Publicly Accessible Records

Yes.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere, but Cyprus advisable for purposes of tax residency.

Personal Presence Required

No.

Taxation

The corporate tax rate is 12.5%.

VAT

A Cypriot company trading from Cyprus may be registered for VAT purposes and the VAT prefix will be ‘CY’.

Double Taxation Treaty Access

Azerbaijan, Armenia, Austria, Bulgaria, Belarus, Belgium, Canada, China, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Kyrgyzstan, Malta, Mauritius, Moldova, Norway, Poland, Romania, Russia, Singapore, Slovakia, Slovenia, South Africa, Sweden, Syria, Thailand, Ukraine, United Kingdom, USA, Uzbekistan.

Requirements to File Accounts

Yes.

Audit Requirements

Yes.

Currency

Euro.

Exchange Control

None.

Time required for Cyprus Company Formation

Two weeks, subject to name approval.

Cyprus Company Registration – Name of a Company

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Cyprus Company

The name of each Cyprus company must end with the word “Limited” or “Ltd”.


Cyprus Company Registration Prices

    Cyprus Company Formation Package Includes:

  • Company Name Check
  • Initial Business Approval
  • Preparation of Application Documents
  • Registration of a standard company with a maximum share capital of €1.000 inclusive of legal fees and stamp duties
  • Transfer of subscribers’ shares
  • Allotment of new shares appointment of directors
  • Arranging of the registered office
  • Filing statutory returns and issue of share certificates
  • Nominee Director (Cyprus Resident)
  • Secretarial Services for 1 year
  • Register of shareholders
  • Register of directors

Starting at: €1790

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Cyprus Ready-Made Companies

We have a number of Cyprus ready-made companies available as of today.

CYPRUS READY-MADE COMPANIES LIST


Why Choose Worldwide Incorporation Services?

We’ve been helping business owners since 1998
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Cyprus Companies Registry to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide


Cyprus Company Formation – Office Addresses

 

 


Interested in Cyprus Company Formation?


Services related Cyprus Company Formation

Worldwide Incorporation Services provides the following services related Cyprus Company Registration:

  • Cyprus Company Formation
  • Registered Office Services
  • Secretarial Services
  • Nominee Shareholder / Nominee Director
  • Opening of Bank Accounts
  • Full Cyprus Company Administration Services
  • Mailing Address
  • Virtual Office
  • Bookkeeping & Audit
  • VAT Registration
  • EORI Registration
  • Trademark Registration
  • Family Office

Worldwide Incorporation Services | Cyprus Offshore Company | Cyprus Company Formation