set up an offshore company in cyprus

Set up an Offshore Companyin CyprusA presentation brought to youby OpenCompanyCyprus.com

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Offshore Companies in Cyprus

• An offshore company is a business established outside the country the owner lives and where he is registered as a tax resident.

• The offshore company can be   established in  one or more countries and the main grounds for setting up an offshore company in Cyprus are the protection of assets and tax reduction.

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Legal Entities for Offshore Companies in Cyprus

• The types of Cypriot offshore companies that can be registered here are:

the offshore banking unit;

the offshore captive insurance company;

the offshore financial services company;

the shipping company.

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Legal Entities for Offshore Companies

• Offshore companies in Cyprus can be registered as:

limited liability companies;

general partnerships;

limited partnerships;

branch offices.

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Opening an Offshore Company in Cyprus

• Cyprus is an attractive destination for offshore companies for two main reasons:

setting up holding structures;

setting up Cyprus trading companies for the low corporate tax (12,5%) and 0% dividend tax.

• Our team of company formation agents in Cyprus can offer more details.

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Regulations for Offshore Companies in Cyprus

• In order to open an offshore company in Cyprus, the foreign company must comply with a set of conditions.

• There are no specific requirements for shareholders and directors of any nationality or residence.

• If anonymity is desired it can be obtained by using nominee shareholders, but the Central Bank must be informed who the beneficial owners are.

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Taxes for Offshore Companies in Cyprus >>

• The Cypriot corporate taxes that apply to inland companies are usually applied to offshore businesses as well. 

• The corporate tax for offshore companies and branches with a management board in Cyprus is 12,5% and it is one of the lowest tax rates in Europe. 

• Our team of company registration specialists in Cyprus can assist with more information.

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>> Taxes for Offshore Companies in Cyprus

• There are no withholding taxes and the regulation is applicable to the following:

dividends;

interests;

royalties.

• Cyprus also has an extended network of treaties in order to avoid double taxation, which includes more than 45 countries.

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Activities of Offshore Companies in Cyprus

• Offshore companies are not allowed to carry out trading activities on Cypriot territory with the residents.

• The only activities an offshore company is allowed to conduct in Cyprus refer to management and the control of the business.

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Consultancy Services in Cyprus

• Our team of agents can specialized advice on how to register an offshore company in Cyprus.

• Our representatives can also assist with information on how to open a Cypriot bank account.

• Please contact our team of company formation consultants in Cyprus for an in-depth presentation on the commercial legislation applicable here.

Thank you for your attention!

• For more information please contact us at:

(+44)203-287 0408 (for international clients)

office@lawyers-cyprus.com

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