Cyprus Companies have many competitive advantages compared to companies from other global business centers. This is due to the fact that Cyprus offers considerable, EU compliant opportunities to minimize tax exposure.
Thousands of investors every year set up companies in Cyprus taking advantage of the flat 12,5 per cent corporate tax rate and of the network of double taxation treaties set in place, along with the highly professional services and the business-friendly environment Cyprus has to offer.
Indeed, Cyprus is the location of choice for the international business community as well as for reputable multinational organizations and individuals seeking a tax- efficient jurisdiction. The laws and regulations for setting up and administering Cypriot entities are the same for foreign investors carrying on international business activities as they are for local investors. Cyprus Companies can be used as Holding, Finance, Investment, Trading and Shipping Companies.
Companies are registered with the Department of the Registrar of Companies. The law caters for the concept of re-domiciliation of foreign companies from other jurisdictions to Cyprus provided that certain terms and conditions are met.
Under Cyprus company law, corporate entities may be registered in the following legal forms:
• Cyprus Company
• Branch of a Foreign Company
• Sole Proprietor
• Cyprus Intentional Trust