Registering A Business In Cyprus

Registering a business in Cyprus 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, Cyprus ranks positively as the world's 24th-freest economy, according to the 2010 Index of Economic Freedom by The Heritage Foundation.

A successful Cyprus tax planning strategy should identify both tax exemptions and restrictions. For example, dividend income is tax-free in Cyprus irrespective of source; profit from the disposal of securities is tax-free in Cyprus; profits of a permanent establishment maintained abroad by a Cyprus company are tax-free in Cyprus; there is no withholding tax on dividends paid to non-resident shareholders or on interest payments made abroad.

Registering a business in Cyprus also allows investors to take advantage of double taxation treaties with more than 40 countries, including with Canada, China, France, India, Ireland, Japan, Singapore, South Africa, the UK and the US.Registering a business in Cyprus permits 100% foreign ownership. A minimum of one shareholder and one director is required for Registering a business. Corporate shareholders and directors are permitted, and can be of any nationality.

Prior to Cyprus business formation, Healy Consultants can arrange a tailored orientation programme in Cyprus. Our orientation programmes typically include familiarisation tours of key points of business interest in the country, industrial parks, as well as government ministries and other useful services.

Opening a corporate bank account is crucial to support the activities of entrepreneurs who choose to register a business in Cyprus. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to assist in opening a corporate bank account either in Cyprus or in another jurisdiction, depending on the client's individual needs.

Healy Consultants has, over the years, established an impressive client base in Cyprus and the region, across a wide range of industries. Subject to their mutual agreement, we are able to provide introductions to key business people in Cyprus who can assist the client after registering a business Cyprus.

Other support services provided by Healy Consultants to entrepreneurs investing in Cyprus include accounting and taxation services, Virtual Office Services, human resource support, marketing services, assistance with obtaining corporate finance, IT Support services and Middle East real estate purchase.