Cyprus is a natural choice for international business and is widely used in international tax planning, within and outside the European Union.
Among the benefits which accrue in using Cyprus as a corporate vehicle are: (a) EU member state, (b) low corporate taxation of 12.5% on net profits, (c) income from the sale of securities (shares, bonds, etc.) is tax free, (d) extensive Double Tax Treaty network both with capital exporting countries and emerging markets, and (e) favorable tax provisions which render Cyprus a premier holding company jurisdiction. Furthermore, 100% foreign participation is permitted, and nominee services are provided.
INCORPORATION INCLUDES 1 SET OF ORIGINALS THE FOLLOWING CORPORATE DOCUMENTS
A Cyprus Ltd Company that wishes to take advantage of the low tax regime of Cyprus, it is essential that the management and control of the Company as well as all the management decisions are taken in Cyprus. Nominee director can be a physical person or a legal person that is licensed from the Cyprus Bar Association to provide such a service.
Nominee shareholders are needed when the client wishes to maintain anonymity when conducting transactions. Our firm facilitates clients in this respect by offering nominee shareholder services.
It is mandatory for all Cyprus Companies to appoint a Secretary who is responsible for the administration of the company, signs resolutions and correspondence, is in contact with the Registrar of Companies and implements the decisions of the board of directors.
The registered office address is the official address of the company and is used by the Registrar of Companies and all Relevant Authorities of the Republic. It is also the address that the letters and legal notices will be delivered.
KNOW YOUR CLIENT REQUIREMENTS
For every Director/ Secretary/ Shareholder/ Ultimate Beneficial Owner of the company the following documents are needed: