Starting a Company in Cyprus |
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Starting a company in Cyprus 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 starting a company in Cyprus meets your objectives: |
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Advantages of Starting a Company in Cyprus |
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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. |
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Investors undertaking Cyprus business formation enjoy a low corporate tax rate of 10%, applicable to both onshore and offshore companies. |
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There is no tax on profit moved from non-resident investments. |
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When starting a company in Cyprus, there is no capital gains tax. |
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Dividends, interest and royalty payments have no withholding tax. |
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For tax reasons, losses incurred by a company can be set against profits in the future years when starting a company in Cyprus. |
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Cyprus has signed double taxation treaties with more than 40 countries, many of which are developed eastern and western European economies. |
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100% foreign ownership is permitted when starting a company in Cyprus. |
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It is easy to open corporate bank accounts all over the world to support starting a company in Cyprus. |
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Disadvantages of Starting a Company in Cyprus |
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1.
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Worldwide income is taxable for Cyprus-resident individuals and corporations. |
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2.
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A Company must prepare and submit a full set of annual accounts after starting a company in Cyprus. |
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Cyprus has agreed to share information about savings held in Cyprus banks by EU nationals with the account-holders' countries. |
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Contact Us For additional information on starting 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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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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