Cyprus Business Formation

Cyprus business formation is an ideal, 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.	Cyprus business formation law permits 100% foreign ownership.
3.	A low corporate tax rate of 10% is enjoyed by investors undertaking Cyprus business formation, applicable to both onshore and offshore companies.
4.	There is no tax on profit moved from non-resident investments.
5.	With Cyprus business formation there is no capital gains tax.
6.	Dividends, interest and royalty payments have no withholding tax.
7.	It is easy to open corporate bank accounts all over the world to support Cyprus business formation.
8.	Losses incurred by a company can be set against profits in the future years for tax reasons.
9.	Cyprus has signed double taxation treaties with more than 40 countries, many of which are developed eastern and western European economies.
Disadvantages of Cyprus Business Formation
1.	Worldwide income is taxable for Cyprus-resident individuals and corporations.
2.	A Company must prepare and submit a full set of annual accounts following Cyprus business formation.
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 a low corporate tax rate of just 10%, if proper structuring has been used.
2.	Cyprus business formation portrays a positive image to customers, suppliers, investors and venture capitalists etc in Europe and around the world.
3.	Cyprus business formation is ideal solution for holding and investment purposes. For more information on a Cyprus holding company please follow this link.
Contact Us For additional information on Cyprus business formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. Back to Cyprus Company Formation page.

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