 |
|---|
Cyprus business formation is an excellent, tax-efficient way to conduct international business. If properly structured, Cyprus business formation is a low tax solution which portrays a positive image to your customers, suppliers, investors and venture capitalists. The following information will help you determine whether Cyprus business formation meets your objectives:
| Advantages of Cyprus business formation | |||
1. |
Cyprus joined the European Union in May 2004 and has European standards of commercial and financial infrastructure, as well as a stable government, economy and legal system. | ||
2. |
A low corporate tax rate of 10% is enjoyed by investors undertaking Cyprus business formation, applicable to both onshore and offshore companies. | ||
3. |
There is no tax on profit moved from non-resident investments. | ||
4.
|
Dividends, interest and royalty payments have no withholding tax. | ||
5.
|
With Cyprus business formation there is no capital gains tax. | ||
6.
|
Cyprus business formation law permits 100% foreign ownership. | ||
7.
|
It is easy to open corporate bank accounts all over the world to support Cyprus business formation. | ||
8.
|
Cyprus has signed double taxation treaties with more than 40 countries, many of which are developed eastern and western European economies. | ||
9.
|
Losses incurred by a company can be set against profits in the future years for tax reasons. | ||
| Disadvantages of Cyprus Business Formation | |||
1. |
A Company must prepare and submit a full set of annual accounts following Cyprus business formation. | ||
2. |
Worldwide income is taxable for Cyprus-resident individuals and corporations. | ||
3. |
Cyprus has agreed to share information about savings held in Cyprus banks by EU nationals with the account-holders' countries. | ||
Uses of Cyprus Business Formation |
|||
1. |
Cyprus business formation is a perfect way to book international profits at corporate tax of just 10%, if proper structuring has been used. | ||
2. |
Cyprus business formation is ideal solution for holding and investment purposes. For more information on a Cyprus holding company please follow this link. | ||
3. |
Cyprus business formation portrays a positive image to customers, suppliers, investors and venture capitalists etc in Europe and around the world. | ||
Contact Us For more information on Cyprus business formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. Back to Cyprus Company formation 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 email@healyconsultants.com
| ||