Cyprus Company

Form a Cyprus Company for £875 and annual fee thereafter from £895


As Cyprus has tax treaties with over 40 countries and operates VAT, it is a popular jurisdiction as a holding company for other European Corporations.

Cyprus Company FormationCyprus whilst being a full EU member and levying 10% Corporation tax on businesses located on the island also makes provisions for non-resident Cyprus companies that pay zero in taxation.  Double taxation agreements vary from country to country but Dividends payable from a Cyprus company to a non-Cyprus resident are tax exempt. A  Cyprus Company that takes advantage of tax treaties is classified as a resident company and therefore is liable to pay 10% Corporation Tax.

KEY FEATURES OF A CYPRUS COMPANY

  • Cyprus is a full EU member, levying just 10% Corporation tax resident companies and zero taxation for non-resident companies.
  • Close proximity to the Middle East and Russia, low taxation together with tax treaties has made Cyprus a popular offshore centre for offshore companies and offshore banks.
  • A Cyprus corporation only needs one Director and one Shareholder and most statutory meetings can be waived or held anywhere in the world.
  • We will actively help you to save on business costs and utilise the multitude of financial services available in the territory. We can assist you to use a Cyprus Company for a variety of uses including funds and stock market listings.
  • We can guarantee to open you an AAA Rated Offshore Bank account with Internet Banking and Debit/Credit card and no need for you to visit Cyprus or the Bank in person.
Cyprus Company Compliance

The officers and shareholders of a Cyprus Company are required to be recorded at Companies House and the annual return detailing any changes is required to be validated every year. For most companies, accounts are required to be prepared annually and filed at Companies House. A Resident Cyprus company is required to file audited accounts. A Corporate Director is permitted to be a director of a Cyprus company. Every Cyprus company must obtain a tax number. For most of our clients Keylink Consultancy provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Cyprus Company remain confidential.

Cyprus Company Taxation

Local Cyprus company Corporation tax is 10%. Non-resident Cyprus companies are exempt from all corporate taxes including capital gains including profits from the sale of shares. Cyprus has tax trea-ties with Armenia, Austria, ,Austria - Final Protocol, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kurgystan, Kuwait, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Qatar, Ro-mania, Russian Federation, San Marino, Serbia, Seychelles, Singapore, Slo-vakia, Slovenia, South Africa, South Africa - Final Protocol, Sweden, Syria, Tajikistan, Thailand, Turkmenistan, Ukraine, United Kingdom, USSR, United States, Uzbekistan, Yugoslavia

Cyprus Company Structure

Cyprus Company Law is based on English law under the 1948 Companies Act. Amendments made in 2003 to the Companies Law as part of the EU accession require Cyprus companies to file annual returns and accounts with the authorities .

Cyprus Company Formation

Keylink Consultancy can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes just one day.

Cyprus Nominee Director, Shareholder and Secretary Services

Unlike most other on-line Formation Agents, Saveontax provides professional Nominee Corporate Director, Shareholder and Secretary Services.  As an Associate of an International Accountancy Firm, we guarantee that your Cyprus Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There may be aditional fees for VAT, accounting and audit which can vary.

Cyprus Company names

Names may be expressed in Greek or any language using the Latin alphabet. The follow-ing words will be unacceptable: asset management, asset manager, assurance, bank, banking, broker, brokerage, capital, credit, currency, custodian, custody, dealer, dealing, deposit, derivative, exchange, fiduciary, finance, financial, fund, future, insurance, lend-ing, loan, lender, option, pension, portfolio, reserves, savings, security, stock, trust or trustees.

Have you considered forming a Gibraltar company where annual running costs are lower and there is no audit requirement and no VAT. More information about forming a Gibraltar Company

 Type of entity  Limited by Shares
 Type of law  Common
 Our time to establish a new company  5 days
 Minimum government fees (excluding taxation)  Not applicable
 Corporate Taxation  0% to 10%
 Double taxation treaty access  No/Yes
SHARE CAPITAL OR EQUIVALENT
 Standard currency  Euro
 Permitted currencies  Any
 Minimum issued  €1,000
 Usual authorised  €5,000
 DIRECTORS
 Minimum number  1
 Local required  Yes for resident. No for Non Resident
 Publicly accessible records  Yes
 Location of meetings  Cyprus for resident. Anywhere for Non Resident
 SHAREHOLDERS
 Minimum number  1
 Publicly accessible records  Yes
 Location of meetings  Anywhere
 COMPANY SECRETARY
 Required  Yes
 Local or qualified  No, but Cyprus advisable for residency and compliance
 ACCOUNTS
 Requirement to prepare  Yes
 Audit requirements  Yes for resident. No for Non Resident
 Local auditor  Yes
 Requirement to file accounts  Yes
 Publicly accessible accounts  No
 OTHER
 Requirement to file annual return  Yes
 Change in domicile permitted  No
 

Quick Contact

Please check this box for prevention of spam
Report Wohola updates