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| Cyprus Company Formation |
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If correctly-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: |
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| Advantages of Cyprus Company Formation | ||||||
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Cyprus company formation allows entrepreneurs to legitimately conduct business in Cyprus and internationally at a corporate profits tax rate of 10%, the lowest rate in the European Union (EU). Furthermore, Cyprus is positively ranked as the world's 24th freest economy in the Heritage Organisation’s 2009 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
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| 2. | Cyprus company formation allows 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. |
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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. |
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| 5. | A Cypriot company is ideal for holding and investment purposes. For more information, visit our Starting a Business in Cyprus webpage. |
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| Disadvantages of Cyprus Company Formation | ||||||
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Following Cyprus company formation, a full set of annual accounts must be submitted to the Cyprus Inland Revenue Department. Healy Consultants will assist our clients efficiently and effectively to complete this annual statutory obligation. |
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Following Cyprus company formation, shareholders and directors details are available for public viewing. |
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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. |
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Cyprus is ranked as the world's 31st least corrupt country, according to the 2008 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. Furthermore, Cyprus is poorly ranked as the world's 40th most
competitive economy in the
World Economic Forum's Global Competitiveness Report 2008-2009. |
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Considerations for Offshore Company Formation |
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Offshore companies can be an excellent, tax-efficient vehicle for entrepreneurs to conduct their international business. When selecting an offshore jurisdiction, it is important to evaluate variables such as i) its international reputation for conducting business, ii) legalities that govern investor activity iii) the stability of its economy iv) the political stability of the market. |
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While offshore corporations can have the significant advantage of legitimately minimising tax obligations, there can also be the disadvantage of carrying the tax haven stigma associated with some jurisdictions. More information on Healy Consultants offshore company services can be found on the following pages: |
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| Contact Us | ||||||
For more information on Cyprus company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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| © 2003 Healy Consultants Pte Ltd | EUROPE COMPANY SET UP SERVICES |
