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Cyprus Company Formation

If properly-structured, Cyprus company formation is an excellent, tax-efficient way to conduct international business. The following information will help you determine whether Cyprus company formation is the optimum corporate structure to fulfil your international business objectives:

Advantages of Cyprus Company Formation
1.
Cyprus company formation allows entrepreneurs to legally conduct business in Cyprus and internationally at a corporate profits tax rate of 10%, the lowest rate in the European Union (EU). Furthermore, Singapore is positively ranked as the world's 22th freest economy in the Heritage Organisation’s 2008 Index of Economic Freedom, a measure of freedom enjoyed in  business, trade, monetary, financial, investment and labour markets.
2.
Cyprus company formation permits 100% foreign ownership. A minimum of one shareholder and one director is required for Cyprus company formation. Corporate shareholders and directors are permitted, and can be of any nationality.
3.
A Cyprus company accesses double taxation treaties with more than 40 countries, including with Canada, China, France, India, Ireland, Japan, Singapore, South Africa, the UK and the US to support Cyprus company formation.
4.
Following Cyprus company formation, Healy Consultants can open a corporate bank account with one of the world's leading retail banks, including HSBC, Standard Chartered and Citibank.
5.
A Cypriot company is ideal for holding and investment purposes. For more information, visit our Starting a Business in Cyprus webpage.
Disadvantages of Cyprus Company Formation
1.
Following Cyprus company formation, a full set of annual accounts must be submitted to the to the Cyprus Inland Revenue Department.
2.
Following Cyprus company formation, shareholders and directors details are available for public viewing.
3.
Cyprus cooperates with the Organisation for Economic Cooperation and Development (OECD) and shares information on bank account holders at Cyprus banks with account-holders' governments.
4.
Cyprus is negatively ranked as the world's 39th least corrupt country, according to the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
5.
Cyprus is poorly ranked as the world's 46th most competitive economy in the World Bank's Global Competitiveness Report 2006-2007.
Other Information
Refer to the following links to read more information on Cyprus company formation:

Related pages

Cyprus company registration - outlines the process of company registration in Cyprus.
Other services to support Cyprus incorporation - information on the different services provided by Healy Consultants after company incorporation.
Cyprus company set up - details company set up procedure in Cyprus.
Cyprus corporate services - outlines the corporate services offered to our clients.
Cyprus corporate bank account - outlines the advantages of a corporate bank account in Cyprus.
Cyprus business formation - a review of business formation procedures in Cyprus.
Cyprus FAQs - frequently asked questions about Cyprus.
Interesting facts about Cyprus - interesting information you may not know about Cyprus.
Contact Us
For more information on Cyprus company formation, email or telephone us at (+65) 6735 0120.
Back to Europe Company Incorporation page.
Back to Home page.


Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail info@healyconsultants.com
 

 

Singapore Company formation, Dubai Company formation, Offshore Company formation


 

Cyprus Company Incorporation | Cyprus Company Formation | Offshore Company in Cyprus | Cyprus Offshore Company



ENGAGEMENT COSTS

Year 1 incorporation US$4,500 *


Annual fees from Year 2 US$2,500 *


Nominee director fee
US$1,600 **


Company de-registration
US$1,450


* Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months

**Excludes US$1,100 refundable deposit.


 

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