Setting Up a Company in Cyprus |
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Setting up a company in Cyprus is simple with Healy Consultants. Thanks to our transparent and logical engagement procedures, setting up a company in Cyprus is an ideal way for international entrepreneurs to tap opportunities offered by the vibrant Cyprus and European economies. The following information will help you determine whether setting up a company in Cyprus is the optimum solution for you: |
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Incorporating 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). Cyprus ranks positively as the world's 18th-freest economy, according to the 2010 Index of Economic Freedom by The Heritage Foundation. |
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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. |
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Incorporating in Cyprus 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. |
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A Cypriot company is ideal for holding and investment purposes. For more information, visit our webpage Starting a Business in Cyprus. |
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Before setting up a company in Cyprus, 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. |
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One of the keys to successfully investing in Cyprus is developing a reliable network of business contacts and service suppliers. 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 you after setting up a company in Cyprus. |
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Opening a corporate bank account is crucial to support the activities of entrepreneurs who set up a company in Cyprus. Healy Consultants can assist in opening a corporate bank account either in Cyprus or in another jurisdiction, according to your needs. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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For entrepreneurs who, having set up a company in Cyprus, plan to move to the country to oversee their investments, Healy Consultants can help provide a comprehensive relocation service. Working with a leading relocation agent in Cyprus, we can assist with all aspects of the move. Services include obtaining Cyprusi employment and residence visas for the investor and his/her family; obtaining Cyprus Employment and residence visas for staff; introductions to real estate agents in Cyprus; introductions to banks in Cyprus or the region for mortgages, personal bank accounts etc; and assistance with locating a suitable school in Cyprus for the family. |
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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. |
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Contact Us For additional information on setting up a company in Cyprus, email email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120. Back to Cyprus Company Formation page. |
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